Question

Topic: Advertising/PR

What Are People Using For Lead Gen (b2b)

Posted by KathyAd on 250 Points
Help! Can any of you tell me what is working for you these days for lead generation? Five to ten years ago, email blasts and banner avertising were great. If Sales complained about lack of leads, we would start a banner campaign, and the next day leads would flow in. Obviously, emails and banners are no longer a "magic bullet."

My company has had luck with LinkedIn pay-per-click advertising. We get a good amount of clicks, but when I follow through and look at the ROI, it turns out we are paying so much for these PPC leads, it is almost not worth it.

We have the same case with Google AdWords (that we get clicks, and leads, but it is almost not worth it when we consider the cost per lead in the end.)

We have also had some luck with one of our target publications, with whom we started a pay-per-lead program. We are getting some leads, but I need many more.

Any other suggestions? We have tried numerous rented email lists (which used to work for us); banner ads on niche sites and also sites such as LinkedIn; etc.

My company sells consulting services and professional/career classes, starting at about $1,000 per engagement. We consider ourselves B2B since, even though ONE person at a company may take a class with us, it is usually their company that pays the bill. We do engage in Twitter and have a LinkedIn group. The LinkedIn group does well. Facebook has never done much for us.

I also find our salespeople want people who are ready to buy (or try a demo, etc.). Ex. they like our text ads that say "click here for free demo." Our salespeople frown upon "white paper" leads, even though we can generate those without too much trouble or cost.

Any tips on what to do for lead gen in 2012?? We are open to trying new ideas!!

Thanks, everyone.
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RESPONSES

  • Posted by mgoodman on Accepted
    Is it possible that your problem is with the landing path experience?

    If you can generate clicks using Adwords, but you are not getting enough conversions, there are three possibilities for the reason: (1) your ad copy is attracting the wrong people; (2) your offering is somehow deficient (e.g., too expensive, too difficult to use, not well suited to your target audience, poor follow-up, etc.); or (3) the landing path is disappointing your prospects and they're leaving.

    Are you segmenting your audience when they hit your landing page? You need some detective work to see where your problem is. Simply looking for new approaches without diagnosing the current performance problem is not likely to give you better results. It will just muddy the waters.
  • Posted by mgoodman on Moderator
    P.S. Of course salespeople "want people who are ready to buy." It makes their job super easy. Remind them that if prospects were all "ready to buy" you wouldn't need talented salespeople. Selling begins when the prospect is NOT ready to buy.
  • Posted by AdsValueBob on Accepted
    mgoodman focused in on the needed core analysis of your concern. In addition, we are in a belt-tightening recession that has altered buying habits. Businesses are more focused on "need to have services" versus "would like to have services". Where do your consulting and classes fall under?

    What exactly is your target market? "My company sells consulting services and professional/career classes." In summary, this infographic https://www.slideshare.net/BizLib/2011-training-industry-report-infographic shows to me little upswing in your service market in 2011. Seems more investment in technology and online than consultants.

    There is no one source of leads that typically feeds the sales beast, nor would you want only one (main) source. Your sales people should be telling you where to look for leads - how to reach the target market.

    You need to go back to square one, in addition to mgoodman's suggestions, and validate your service in 2012. Don't assume what worked 5 - 10 years ago is still valid. Consider outside eyes to assist in your re-validation. Just because some still buy your service doesn't mean it is worthy of larger appeal and increased lead generation. Even a stopped clock is right twice a day. Do your SWOT analysis - you may find your service needs updating

    Bob

  • Posted by CarolBlaha on Accepted
    Well excuuuuussseee me. Don't we have a bunch of prima donnas. When this recession started it is easy to see those used to the good times while the phone was ringing and the order takers. Forget it, that was "back in the day".

    FIrst, I would implement a control to track their successes of the leads coming into house. Who is actually closing and who is just using the campaign, economy etc as an excuse vs a solid reason. I would talk to your best performers and identify exactly what they do differently than the medium. You have a cancer here and my guess this attitude didn't come overnight. But a few tried it with success and now we are bandwagoning. But track this for another reason, find what is where is working.

    Next-- the reason you aren't getting much response to "call for free demo" is cause if you look at anyone from consulting services to Oil of Olay, all offer free demo. It's overused and trite and does not cause any excitement anymore. Just a yawning "so what". White pages would give you a more qualified lead, as they'd have read something they like and want to learn more. Notice I didn't say "want to buy now" because you are a consultant and you should be demonstrating that by conducting a consultative sell.

    When the phones aren't ringing, how do your salespeople spend their time? They should be creating their own business. They can make "warm" calls by calling those who have taken your classes and getting someone else to attend. Or, upon finding those people in their positon have left, get someone new.

    Identify your niches and be lazar sharp in marketing to them, vs the masses. Choose words they'd identify with. Today, with some reports saying we get bombarded with 3 or 4K hits of info a day, you need to reevaluate all parts of your marketing. We are moving back to one on one sales. Even if it is-- you click on a banner ad and in less than a minute, a salesperson is on your line.
  • Posted by KathyAd on Author
    You all DO have good points, but I am still wondering what most of you are doing for lead gen?? Does anyone know of a good infographic or something, to show what B2B marketers are doing for lead gen these days??
  • Posted by AdsValueBob on Member
    Ah - you're under pressure from management to produce leads?????????

    What WE do or don't do isn't important. What lead gen methods you analytically test and determine acceptable ROI is what you need to do. There is no lead gen silver bullet.

    Personally, we use referrals, personal contact, and co-op ads in complementary campaigns. (Hardcore)advertising (excluding awareness) an ad agency is not generally productive - would you hire an ad agency that (has to) advertise. Our work and performance should speak for itself - hence we use referrals. AdWords too costly for most in the advertising industry. Print is too costly. Facebook and LinkedIn not effective for us (but is for a FEW clients). Happy now you know this - did it help? We all have the same challenge as you.

    You have to do your homework, track your ROI, do your lead analysis (and service analysis), and reap the fruit of a process-driven sales organization - not a management pleasing volume driven mayhem with limited results. One qualified lead is worth more than 20 tire-kickers.

    Call or email (see profile) if you wish to discuss further.

    Bob
  • Posted by mgoodman on Moderator
    What most of us do for lead gen is to repeat what works, test new approaches, and keep the best ones.

    If you do that, you'll quickly find what works best for you.
  • Posted by CarolBlaha on Member
    I work with two companies that rely solely on social netowrking, participating in industry related forums, press releases and getting placement in industry related magazines, and email blasts.
  • Posted by CarolBlaha on Member
    I work with three companies that relay on social networking, participating in inudstry related forums, press releases and placement in industry related periodicals, email blasts, when we complete a noteworthy project its news, -- and the old fashioned-- pick up the phone and talk to someone.
  • Posted by shoffer on Accepted
    You mentioned email blasts, but are these one time things, or are you doing 'lead nurturing' to move people that aren't ready to consider (now) to investigate, look at possibilities, justify with their management, and then be ready to be a warm sales lead (later)?

    Something like Marketo or Eloqua comes to mind.
  • Posted by CarolBlaha on Member
    No they are not one time blasts. Its lead nuturing and also to get those who are clients, to buy again.
  • Posted on Member
    121 Direct Marketing also offers lead generation services.

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