Identifying how to get more sales is often a struggle for many companies. Whether you’re an early stage start-up trying to meet the pressing demands of your board and/or venture capitalists or a seasoned company stuck in a rut; every business could gain from more sales. Too many businesses put the cart in front of the horse. To get more sales, you’ve got to drive revenue by converting more leads. Our mission at Lead Liaison is to help your company focus on better lead conversion and get your business generating 4X more qualified leads. In the graphic below we highlight five main activities (vertical sections across the bottom row) that identify how to get more sales by nurturing leads, capturing more leads, having better lead follow up, personalizing communications and improving sales effectiveness. The horizontal sections layered on top of the main activities are supportive activities. Let’s dig deeper into the main activities. Here’s a short summary of how Lead Liaison’s Revenue Generation Software technology can help your business get more sales by focusing on five key areas: 5 Principles to Get More Sales
How many times has your sales staff disregarded a potential lead or an inbound inquiry? Go ahead, be honest. Experts estimate 70% to 80% of all inquiries are latent demand that will buy within a few years but are lost, ignored or discarded by sales. What’s worse is that 73% of all companies have no process for revisiting leads. That’s a lot of lost revenue and a goldmine of more sales for your business. By using smart technology to intelligently nurture leads via relevant, personalized communications businesses can keep prospects top of mind and accelerate time-to-revenue.
It doesn’t take a wiz-kid to know that more leads results in more sales. Use several landing pages across your business and embed forms with a minimal (no more than four) amount of fields. Use progressive profiling technology to intelligently identify what information you’ve already collected from a prospect and either hide the field or replace it with a new field that will help your business build a richer prospect profile. Also, use pre-filled form data to keep your database clean. For example, have a “job role” field that only had C-level, VP-level, Director, Manager and Assistant/Coordinator as the choices. When you need to profile your database (how to do database profiling) you’ll be happy you pre-filled forms. Do the same with company names and locations. Lead Liaison can help with that.
Lead Follow Up
It’s imperative companies quickly distribute leads and respond to leads within five minutes to increase lead conversion rates. Research shows that responding within the first five minutes greatly improves the chances of getting the sale. Use automated technology to send email responses from a lead owner. See our article on automatically distributing leads for more information.
Use marketing automation technology to deliver marketing messages that match a prospect’s interests. Furthermore, make sure to create a marketing content map that maps marketing content to industries and buyer personas. Send them material they care about. Don’t generalize your audience. Read our article on email automation to learn more about personalizing communication. Make sure you also close the loop on your nurturing. Traditional email marketing systems do not have the ability to tie in past and future online body language with email activity. Tracking email opens are metrics of the past.
Sales definitely wants to know how to get more sales. They can do it, they just need to be more effective. Traditionally, sales people would have to keep constant reminders or wade through prospect upon prospect in a flat database. Use lead scoring, lead activities and lead grading technology to help prioritize leads for sales. Build richer prospect profiles by collecting a prospect’s buying behavior (keywords searched, pages visited, multi-visits, etc.). Use alerts to signal your favorite leads or notify lead owners of key buying signals. Help sales do their job by adding technology that takes the guess work out of sales. If you are interested to learn how Lead Liaison can help your company get more sales using the aforementioned approaches and a host of other innovative technologies let us know. We’re happy to give you a demonstration of our Revenue Generation Software platform. To be alerted of future posts, please click on the RSS button.