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How to Design a Successful Lead Distribution Process

How to Design a Successful Lead Distribution ProcessDon’t let another lead slip through the cracks because of poor lead distribution practices. Minimize human error through an automated distribution system while also implementing an analytical way to effectively distribute your hard-earned leads. There are several methods of lead distribution to choose from; it is critical that you have done due diligence in determining the best process for distributing your leads. Take the following considerations into account when determining how to design a successful lead distribution process for your team that will maximize conversion.

Iterative Process

First and most importantly, optimize the distribution process through iterative evaluation—test, evaluate, optimize, and retest. Each lead is different and each sales rep unique, so it is expected that results will vary each time. Create a systematically evolving process that encompasses the most effective combination of the various distribution methods (round robin, push/pull, top performers, etc), depending on which stage of the sale you’re in. No one method will be the most effective; rather it’s a combination of them that will produce the successful lead distribution process.

Utilize Your Skill Sets

With your marketing automation practices, you are already collecting a plethora of data on each lead. Put it to use. Use the “specialization method” of lead distribution to assign leads to reps based on the lead’s interest and buying readiness (all of which can be found through visitor tracking practices). Evaluate the lead’s profile and distribute to a specific channel that will enable your rep to be the most prepared and able to accommodate the lead.

Evaluating each lead before distribution can be a timely process and may or may not be worth the marketing team’s time; reserve this method for leads that have greater buyer readiness (based on their previous behavior). Misdirecting a lead can have a detrimental consequence, for example, sending a lead to the incorrect sales rep and wasting the lead’s time as they are redirected to the correct sales rep with the corresponding expertise.

Effective Scaling

In order to design a successful lead distribution process, you must be able scale the lead management process effectively. For high volume lead processing, round robin is not the best route to take. Take time to understand the patterns, and from those results implement a shared push/pull method that enables sales reps to better manage their workloads (which translates to higher quality lead nurturing) while also holding them accountable for assigned tasks.

Each method has its advantages and disadvantages. There are many dynamic factors to consider when you are trying to design a successful lead distribution process, and because of this, the best distribution process is a constantly evolving one. Keep in mind the skill sets of your sales reps, the specifics of each product being sold, and the expectations of the leads. Utilize marketing automation practices to increase ROI and decrease lead loss. To learn more about how Lead Liaisons can make your lead distribution process more efficient, check out their solutions.

3 Things to Know About Lead Distribution

3 Things to Know About Lead DistributionStudies have shown that automating your lead distribution process leads to higher conversion rates. Advanced marketing automation software ensures that more of your reps’ precious time is spent interacting with prospects rather than organizing lead distribution manually. Here are 3 things to know about lead distribution and a few things to know when implementing the most effective marketing automation platform for your teams:

1. Collaboration

Communication is key when it comes to moving a prospect forward. Each business runs differently, but having an organized way of passing a lead around is mandatory for success. Be sure all of the reps on the team have a simple way of updating a prospect’s status so that when it’s time to distribute, all the necessary information is in place.

2. Methods

The most common methods for lead distribution can be categorized into a push, pull, or hybrid.In addition to the 3 things to know about lead distribution, here are 3 things to know about lead distribution methods:

Push. Lead Liaison offers the Round Robin approach, a push method that evenly disseminates leads to the appropriate reps in a systematic, cyclical manner. Performance-based distribution is also a push method, where the incentive to turn the prospect into an opportunity is to gain another lead. Criteria-based distribution is another push method, where prospects are assigned using location or type.

Pull. Rather than pushing prospects out to the reps, another method is the pull method. This allows reps to take charge and pull prospects from the pool when they’re ready to take them on. Pulled leads can be regulated in a few ways, such as ensuring the rep’s other prospects have been advanced or enacting a cap on each day’s pull allowed.

Hybrid. As you would guess, the hybrid method is a thoughtful combination of both push and pull methods. An example would be using the Round Robin technique in addition to allowing reps to pull new prospects under a set of conditions (which could be performance-based).

3. Getting Higher Conversion

Managing an effective system of lead distribution helps increase conversions. A higher contact rate—more interaction between the reps and their prospects—is one of the best indicators of higher conversion rates. Deciding on the method(s) of distribution that best fits the needs of your business may be difficult, but finding that balance (even through trial and error) will boost the business in the long run.

By automating lead distribution, your team will have more time to focus on creating personalized campaigns and to contact prospects in a more meaningful way. For more information on how Lead Liaison can manage your lead distribution, click here.

How to convert more B2B leads into customers? Marketing Automation!

How to convert more B2B leads into customers? Marketing Automation!As the post title implies, our answer to the eternal sales question “how do we convert more leads into customers?” is to deploy marketing automation. Is that the only answer? No. But with the amount of data available today, marketing automation will do more to improve your B2B lead conversion rates than social media, PPC, or stale drip campaigns.

It’s quickly becoming apparent that marketing automation can play a significant role in improving your lead conversion ratio. From first touch (initial point of contact) to pass through (migration to CRM), lead conversion for companies in most industries is improving thanks to MA. The first step towards higher B2B close rates is to manage your leads effectively before they are sent to your sales team.

To begin, you should know your customers well. Who are they? What do they like? What do they do? Why do they buy? Much of this information is now available digitally, the key is to leverage the information you collect into effective lead management.

Lead Generation

An often overlooked concept about lead generation is that it should be approached holistically not unilaterally. When you need to convert more B2B leads into customers look to strengthen lead generation efforts. Lead gen starts with first touch, escalates through lead tracking, and winds up with capture. If you’re not focusing on developing good content for your touch points, tracking your website visitors using business intelligence integration, and capturing contact information through digital assets, you’re not effectively generating leads – and you can’t convert leads you don’t have. Make sure your lead gen scope is broader than list buys and PPC campaigns.

Lead Nurturing

Many think lead nurturing equals email drip campaigns. Though partly true, lead nurturing is so much more. Lead conversion through the nurturing process requires that you develop the relationship through escalating engagements. Simply sending the occasional “hi-how-are-you?” note won’t be sufficient to move your leads through the marketing pipeline. Build a campaign that offers more at advanced buying cycle stages: a webinar invite, a product demo. Remember, nurture means “to grow”.

Lead Scoring

There’s nothing worse for a sales agent than to receive a lead that turns out to be a graduate student completing his thesis. MA platforms provide lead scoring and grading capabilities that should allow you to sharpen the sales team’s focus towards the most suitable, marketing-qualified leads. Establish specific criteria that can be scored or graded. Most leading systems grade explicit lead attributes (industry, company size) and score implicit behaviors (webpage visit, webinar registration). Once a scoring matrix has been created, determine a scoring threshold that automatically migrates the lead to your CRM.

Lead Distribution

Lead distribution must be optimized to channel leads appropriately to your sales force. Which sales agents are available to respond quickly? Which agents have high close rates? Which agents know the lead’s industry best? Automated systems distribute leads using parameters that can maximize your sales team’s efficiency. Some MA platforms allow you to assign lead ownership according to predefined criteria, such as geography or seniority. Leads distributed effectively will shorten your average sales cycle and improve sales close rates.

Keep in mind that marketing automation is a tool that will improve sales conversions and help convert more B2B leads into customers. Though MA platforms have improved sales outcomes, much of the success that comes from lead management is dependent on the content you provide. If you don’t have strong creative minds to develop messaging in-house, consider outsourcing.

Lead Liaison Improves Lead Distribution Capabilities in its Lead Management Automation™ Platform

Allen, TX (PRWEB) June 15, 2013 – Lead Liaison, an emerging innovator in the marketing automation space, has improved its flagship Lead Management Automation platform by optimizing its lead distribution capabilities. The company announced in May a roll out of the enhanced lead distribution functionality, as well several automation improvements, improved analytics, and deeper integration with Saleforce.com.

Lead Liaison has paced its product development according to market demands. Lead distribution has become more important to the SME market the company serves. VP of Communications Alex Brown explained that “within many industries, companies are running leaner since the Great Recession, often deploying lower marketing and sales spend. They are turning to MA for more efficient resource allocation.”

“We recognize the need for lead stream management that provides breakout according to performance, geography, and other parameters,” said Brown. “Our focus has extended beyond how a lead moves through the funnel. It’s just as important to assign leads effectively.”

Alex BrownVP Corporate CommunicationsLead Liaison

One company that has leveraged the lead distribution functionality is Telappliant, Ltd., a major telephony and VoIP provider headquartered in London. Marketing manager Tommy Powell has seen improvements in productivity since implementing the system. He said the previous lead distribution process “(was) inefficient, as there was often a time delay between leads arriving and being distributed marketing manager. A member of the marketing team…manually used SFDC to distribute leads to various members of the sales team. This process was time-consuming in terms of human resources.”

“(The platform) has enabled each lead to be instantly and automatically distributed to the salesperson most likely to be able to close it. In addition, the sales team is now working leads more effectively,” said Powell.

Tommy PowellVP of MarketingTelappliant

Company executives plan to announce additional platform enhancements at another upgrade release later this summer.

For more information about Lead Liaison’s marketing automation products or its support services contact Lead Liaison.

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Lead Liaison is an application development company that designs, develops, and sells cloud-based marketing and sales automation software. The company markets to small and medium-sized businesses worldwide, and focuses on creating the broadest and most user-friendly revenue generation software platform. Applications cover all phases of lead management automation including sales prospecting, lead generation, and marketing automation functions that directly influence revenue generation. It’s innovative and robust lead management platform combines unparalleled sales prospecting, lead capture, real-time lead tracking, lead qualification, lead distribution, database segmentation, lead nurturing and ROI reporting. The Software as a Service (SaaS) model delivers an effective user experience and integrated cloud computing capabilities.

For More Information:

Alex Brown
VP, Corporate Communications
abrown(at)leadliaison(dot)com
888.895.3237 (888 89 LEADS)