The Need for Speed-to-Lead in Sales

Published on: 23 May 2019 Last Updated on: 16 July 2024

Salespeople can be awfully laissez-faire about when (and if) they contact leads, which is baffling given that the job is so centered on conversion. Many reps take a full three days to follow up on a new lead, giving the competition ample time to swoop in and make that all-important first touch.

Sales are the lifeblood of any business organization. no matter the shape, size, or scale of your business, you need to work towards generating sales. However, for most businesses investing in training sales professionals can be a hectic process. A better alternative can be found by working with platforms and experts that work on commission only sales. This simply means that you pay the salesperson only when they are able to successfully execute sales and close deals on behalf of your organization.

In a modern online world, prospects can rifle between competitors’ pages, compare offers, fill out multiple forms and survey even the most saturated markets in mere minutes – it, therefore, becomes incumbent on you as a diligent salesperson to vie for top-of-mind awareness. The best way to do that is to boost your speed to lead.

Speed-to-lead, put simply, is the time it takes you to contact a new lead entering your system. It’s something you should be mindful of when considering how to improve your outreach efforts as the rapidity with which you contact a lead has been shown, across multiple studies (more on those in a moment), to have a profound effect on engagement success.

Speed-to-Lead, by the Numbers:

According to a study undertaken in partnership between the Telfer School of Management and a leading sales engagement company, engaging the lead within the first hour is seven times more effective compared to waiting 24 hours. The Harvard Business Review conducted the same study, and they found the exact same thing.

Quick, But Not Too Quick:

That same Telfer study comes with a caveat, though: you can’t pick up the phone within seconds and hope for the same engagement success. The sweet spot seemed to be between ten and 60 minutes of the prospect of becoming a new lead. The reason for this ten-to-60 minute delay could be because an instantaneous response seems automated and pushy, but, of course, it’s impossible to tell.

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The best way to ensure that you make the first touch – and all subsequent touches – at the right time is with automated queue-based lead routing software. It’s a mouthful, for sure, but it’s essentially software that automates the prioritization of your sales reps’ leads to make sure that new leads are routed to the front of the call queue. The software then automates their call cadence to ensure consistent speed-to-lead and thorough follow-up.

The Psychology of Speed-to-Lead:

What is it about the speed that conveys value? From the prospect’s perspective, your speed might indicate a willingness to please, a certain eagerness they know will be valuable when it comes time for them to express their needs and pain points.

Alternately, it might simply be the fact that you were there first. As mentioned briefly above, top-of-mind awareness is an important principle in engaging a lead, and being the first to contact gives you a significant advantage. Not only over other competitors but over short attention spans (everyone has them occasionally).

Speed-to-lead is an important consideration for any sales organization looking to improve sales engagement and conversion. Automating rep workflow to contact new leads 10-60 minutes after they express an interest should have a profound effect on engagement success.

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Exploring The Different Types Of Digital Marketing Strategies

Digital marketing is the process of marketing services and produces using digital technology with the primary aim of reaching out to the target audience. Although you might know this already, digital marketing isn’t restricted to the internet, hence can be done on any other digital medium including display advertising and mobile phones. Some of the most popularly used digital marketing methods include search engine marketing, search engine optimization, pay per click, social media marketing, and SMS marketing among others. This article explores the various types of digital marketing methods in use today. 1. Social Media Marketing: Social media marketing is the process of marketing/promoting services and products through social media. With billions of people logging into various social networking platforms in a day, social media has become a marketing haven for marketers. Popular networking platforms including Twitter, Facebook, Instagram, and LinkedIn have made it possible for marketers to target specific audiences. This has led to increased output and conversion of target audiences into potential and even loyal customers. LinkedIn, for example, is specially designed for B2B marketing while Instagram plays perfectly for the 'visual' business. There are different approaches in which one can use to target audiences on social media. Facebook, for example, provides users with both free and paid advertising options, all of which can be profitable when appropriately implemented. Some understanding of social media marketing is however needed to make the most out of this strategy. 2. Email Marketing: Email marketing is one of the most efficient and oldest types of digital marketing strategies in use to date. The best thing with email marketing is the fact that marketers get to communicate directly with their target audiences and customers, which again increases conversion rates. Email marketing is also known to build trust and customer loyalty, one of the reasons it has remained relevant to this date. There is however more to email marketing than merely sending a couple of promotional emails and newsletters to an emailing list. A successful Email Marketing campaign begins by finding ids that are active and operational. One of the best ways to connect with your target audiences is on the professional social media handle. LinkedIn. Most brands and agencies understand that working with a credible Linkedin email finder can help them reach out to potential or prospective sales leads. This is something that software development agencies usually do a lot of. They can browse through designations on LinkedIn and ensure that their pitch is directly addressed to professionals that have decision-making abilities. While you need to be really good at creating eye-catching and captivating emails, you still need to build a credible emailing list. This is among the toughest things an email marketer has to do to make the marketing campaign a success. Nonetheless, collecting email addresses through user subscriptions and having audiences sign up for newsletters, coupon codes, etc. are some of the credible ways to collect email addresses. 3. Search Engine Optimization and Search Engine Marketing: Commonly known as SEO, search engine optimization is one of the popular digital marketing strategies today. SEO involves optimizing websites and pages for both search engines and organic visitors. Some of the key areas that marketers and website owners have to focus on when optimizing their sites include keyword research and analysis, link building, and the creation of unique and relevant content. Done correctly, an SEO campaign can see a page gaining higher ranks on Google, Bing, and other search engines, with the reward being increased exposure to the target audience. A properly executed SEO plan can see your page/business show up on the top pages of a search result. Search engine marketing, SEM, involves taking on campaigns and strategies to increase traffic to a web page or site. It covers both SEO and PPC (pay-per-click) like this, whereby the web page received increased traffic through both unpaid and paid means. 4. Content Marketing: Content marketing works very differently from other marketing strategies. It employs a strategic approach that mainly focuses on creating relevant, valuable, consistent, and informative content that is distributed to help attract, inform, and retain target audiences. Thanks to content marketing, the target audience can make an informative decision on a product/service, hence one of the best ways to drive profitable customer action. The content can be either in the form of text and articles published both on the site and blogs, video, and image content. It is also an ongoing process that involves creating fresh and unique content each time. Although a marketing strategy, experts recommend creating content to promote the brand or product without necessarily asking the target audience to make a purchase. The content simply needs to be engaging and enriching to help viewers make the right decision on the product. 5. Influencer Marketing: This is slowly becoming a popular marketing strategy today. As the name suggests, influencer marketing involves using industry experts or social media influencers to help market a product or brand. This could be a celebrity or another well-known person with thousands of followers on their social sites. All the individual needs to do is vouch for your brand, or simply promote your product on their social media pages. Most companies use these influencers to help give away discount codes, coupons, and prize draws. Influencer marketers mostly prefer using their Facebook profiles, YouTube Channels, and Instagram to promote the said product. Although a short-term marketing strategy, influencer marketing can help drive more traffic to your site, a factor that can help increase conversions and sales. 6. Mobile Advertising: With almost everyone owning a phone or at least a smartphone, mobile marketing is slowly taking shape. SMS marketing with SMS broadcast services and in-app advertising have become popular ways to promote products. Although you do not need a mailing list for in-app advertising, you certainly need one for SMS marketing. Many companies today use SMS marketing to send coupon codes, special offers, and even newsletters to their target audiences. These are just but some of the popular digital marketing strategies in use today. Done correctly, some of these strategies can help your business grow while building a huge following. While you might be able to implement all these by yourself, it would be advisable to have an experienced professional handle all optimizations and marketing strategies. This way, you will be guaranteed better results and even have enough time on your hands to handle more serious business matters. Finding an expert in all these can however be an intimidating task. Thanks to the internet, you should be able to find a reputable and results-oriented company to help take care of all these. You can even invest in paid digital advertising strategies such as influencer marketing and pay-per-click to get a head start with increased traffic and visibility online. Read Also: How To Integrate Email Marketing With SEO 4 Points To Consider When Creating A Great Content Marketing Strategy Today

Best E-commerce Platforms for Your Box Subscription Business

The majority of product-based firms are supplementing their model of revenue by adopting the box subscription stream for revenue. An example is the Blue Bottle and Stumptown Coffee in the coffee industry. In the place of being websites which are one-stop-shops for products that relate to coffee, both of them are sources of recurring deliveries to the clients of these beans. Conversely, other you can opt for ProfitIndustry top 5 best e-commerce platforms for box subscription business for purposes of gaining from their benefits. Enhanced experiences for customers: Loyalty comes from providing the best experiences for customers. When you strive to provide the best experiences for customers, you are formulating good customer relations. It leads to overall business sustainability, brand loyalty, and repeat purchasing. Companies that focus on providing superior experiences to customers realize positive results that include increased growth in revenue and customer satisfaction. Making things low-friction or smooth for the customer is the best way of providing excellent customer experiences. Convenience: With ProfitIndustry top 5 best e-commerce platforms for a box subscription business, the products will get delivered in a recurring manner, at the frequency of the shopper, and the client will not get worried about the products getting depleted. Better return on investment in customer acquisition: Business growth relies on the scalability and efficiency of your strategy of acquiring customers. As the business continues to grow, you will have to open new customer acquisition channels or focus on those channels that favor repeat business from current clients. Regardless of the way you refine the strategy, new customer acquisition will be costly. More than eight percent of companies find it easier to retain current customers than acquire new ones. For this reason, the box subscription model seems to meet that requirement nicely. In case the customer wants to get an item that will run out, you can assume that he is becoming a repeat customer than if you are concentrating on products that are one-sided. The investment you will incur in convincing first-time visitors is higher than compelling previous purchasers. You may spend a lot of money on adverts on new clients while convincing existing ones may need targeted emails. Revenue from such business will be higher than first-time clients. The difference is in the fundamentals of ProfitIndustry top 5 best e-commerce platforms for a box subscription business. The model is retention-based; which ensures that recurring revenue from repeat clients is executed well. This strategy is the best recipe for the sustainability of the business. Selling your service or product in the standard way means you will work hard to convert users to buyers and work very hard to convert them to repeat buyers. Better prediction of revenue: The best thing about ProfitIndustry top 5 best e-commerce platforms for a box subscription business is that you maintain a revenue stream that is reliable. In most cases, when the company predicts revenue, assumptions come from previous sales, salaries, and overall expenses. Nonetheless, the subscription model offers a good way of forecasting revenue by tightening elements of revenue prediction that vacillate. Since box subscription business has its basis on retention, the owner can predict the lifetime value of the customer. Gathering the income of clients on particular periods will help you predict your future revenue. Conclusion: Currently, clients can order almost everything online. Some firms take advantage of this ease by capitalizing on elements that other models of businesses find it tricky to implement the delight of customers. With omnichannel being on the tongue of all marketers, delighting your customers is genuinely demanding. When you bring in elements of surprise, you will please your customers. When you offer a box of unknown items monthly, customers will be happy to receive the things that are new or will consider purchasing individually due to price. Read Also: 8 Key SEO Strategies For E-Commerce Websites Oh, Crop! Killer E-Commerce Mistakes You Need To Conquer Tags In E-Commerce: This Is Why They Are Important How Social Media Can Boost Up The E-Commerce Industry New Technology In Business: 4 Inventions In 2019 That Are Changing The Game

Marketing Strategies to Help You Get Endorsements

Getting endorsers for your event is a great way to increase earnings, but event sponsorship provides you with more than just money. In your marketing strategies, you may sell your event to a wider audience and draw into your promoter's connections to attract event-goers you might otherwise overlook if you have the proper sponsors on board. The endorsement also provides a significant return on investment for event sponsors. Inform potential partners that this is a great opportunity to increase their exposure and generate new leads. By designing distinct sponsorship packages, you may even provide each sponsor one-of-a-kind opportunities. Continue reading to learn four marketing strategies for ensuring that your endorsers get the most out of your collaboration. 1. Sponsorships should be Highlighted in Advertising Material Sponsors should be acknowledged in all of your advertising material, both electronic and print. Contemplate including your donors in your event banner on Eventbrite or in social media graphics. Using a free and simple online editor, you can create a bespoke event banner with intriguing graphics, logos from your sponsorships, and event details. Let’s say your sponsors are flexible packaging manufacturers in the UK, you need to ensure that you include them in every advertising item of your event. Creating a good awareness for them will not only help them boost their sales through your readership but also offer you an opportunity to meet more sponsors through their referrals. Because your endorser's monetary contribution assists you in planning and executing your event, you should express your appreciation as the creator. Whenever you make your endorsers more visible, you're reaffirming the value of your collaboration, which aids in the development of a creator-sponsor connection that could go beyond your present event. So, as you make advertising banners for the event, be sure to include your sponsors in the advert. It’s a simple way to show gratitude. In addition, for your backdrop screen, you should also showcase your sponsors as well. 2. Use Digital Platforms to Cross-Promotion Marketing your endorsed event has never been simpler gratitude to social media and everyone benefits. Cross-promotion on media platforms helps you to promote both the event and the products or services of your endorsers at the same time. This could happen prior to, during, or even after your event. Spend some time talking with your sponsor about how you can create a meaningful and reciprocally beneficial social media campaign. To get your marketing strategies to be fruitful just right off the bat, make sure you're making the most of social media so you can stand out in a swarm of posts. To broaden the reach of your event, make sure your postings are posted on both your and your endorser's pages. Select a hashtag for the event that you and your endorsers can use across all of your social media platforms. To generate awareness, hold a tournament or give away a couple of tickets to the event in advance. 3. At the Event, Make a Point of Mentioning Your Endorsers Your event's sponsorship mustn't have to be a behind-the-scenes participant. You can also use their logo, products, and services to enhance your event. During their digital events, Sephora does an excellent job of presenting brand sponsors. Attendees may learn how to improve their skincare routine or create a glam beauty appearance by tuning in to Sephora's webinars, but they can also learn about items from the event's endorsers. Another way to promote sponsorship is to provide gift bags or sponsor items. If your endorsers have free samples to give away, put them in a goodie bag and give them out or mail them to attendees. Set up a booth at in-person events where attendees may get branded things from your endorsers. You might also think of virtual gifts, such as discount codes from endorsers. 4. Connect the Sponsorship with a Well-Known Name in the Industry Examine how you can connect sponsorships and highlighted speakers by holding an event featuring an expert or well-known figure in the field. If you involve your sponsors early in the planning process, they may be able to assist you in finding a high-quality presenter. They most likely already have connections with industry experts or influencers that can bring value to your event while also promoting your business. 5. Have an After Event Meeting With the Sponsors Now that you have had your event and it has succeeded as planned, you need to set up another meeting with your sponsors. This meeting should be done in a week or so after the event(preferably) so that you can give a status report for your event. You also need to inform the sponsors how their products performed, in response to the free samples that were offered to the customers. Give them both the positive and the negative reviews so that they can improve on any areas of weaknesses. You can use a poll system to gather this information for them. 6. Give an After-Event Gratitude Vote Now, as implementing perfect marketing strategies, this is an important section of the whole endorsement. While it is well known to your sponsors that you are grateful, you need to post to your readership how the event was and thank your sponsors for their contribution. The Bottom Line Finally, ensuring that the rewards of being an endorser for an event are evident is the most essential part of maintaining endorsers happy. With the implementation of proper marketing strategies, you'll be much more capable of finding endorsers willing to work with you and more individuals interested in your next event if you do it this way. Best of luck! Read Also: 5 Steps to Building an Influencer Marketing Campaign How To Execute An Effective Video Marketing Campaign Signs Your Traditional Marketing Campaign is Working Why Your Business Should Care About Social Responsibility

The Need for Speed-to-Lead in Sales

Speed-to-Lead, by the Numbers:

Quick, But Not Too Quick:

The Psychology of Speed-to-Lead:

The Importance Of Storytelling In Social Media Marketing

4 Key Concepts on Making Signage an Effective Strategic Investment

Content Rally

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

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Exploring The Different Types Of Digital Marketing Strategies

Best E-commerce Platforms for Your Box Subscription Business

Marketing Strategies to Help You Get Endorsements

The Need for Speed-to-Lead in Sales

Speed-to-Lead, by the Numbers:

Quick, But Not Too Quick:

Automate for Speed-to-Lead:

The Psychology of Speed-to-Lead:

Share this Article

The Importance Of Storytelling In Social Media Marketing

4 Key Concepts on Making Signage an Effective Strategic Investment

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

Leave a Reply

Popular

Follow Us

Recent

Related