Signs You’re Doing Lead Generation Wrong

Countless companies end up with poor sales-marketing alignment because they suffer from bad lead generation. Bad lead generation can destroy marketing’s credibility, waste demand generation dollars, and damage your company’s brand reputation.

It is important to learn to recognize these signs that tell you that you’re doing lead generation wrong. If you notice that you suffer from any of these, you may want to consider consulting and partnering up with lead generation services professionals.

Your Prospects Lie to You

Prospects know that if they fill out a registration form to get to the content, then they’ll get a phone call or email from the company. If that prospect is still early in her buying cycle, she doesn’t want the contact but she does want the content. She’s likely to give you bogus information, perhaps “accidentally” mistyping her phone number or perhaps lying outright.

You Don’t Recognize The People You Already Know

Imagine going on a second date with someone, and needing to repeat all the initial “get to know you” small talk from the first date because your companion forgot everything you said. I bet there wouldn’t be a third date!

The same applies to online marketing. Once a prospect takes the time (and risk) to give you personal information, she expects you to remember it. Next time she comes to your website, you should remember what she already told you. This creates a great opportunity to get to know her better by asking additional questions (only a few at a time). As a way to learn about prospects, this progressive technique is much more realistic than forcing prospects to fill out a long, intrusive form right off the bat.

Your Sales People Ignore You

The vast majority of the visitors on your website want to research your product and your industry, usually very early in the buying process. They probably don’t have the budget or a project yet and are still trying to evaluate whether they even have a need. They want to keep control of the process and fear they will lose that control if a quota-hungry sales rep gets involved.

The way to build a relationship with these prospects is to let them educate themselves. This B2B marketing process, called lead nurturing, consists of making informative whitepapers, seminars, case studies, and demos available to the prospect. The goal is to earn permission to stay in touch and progressively deepen the relationship so that when the prospect does become “sales-ready”, she will want to engage with your firm. I can pretty much guarantee that your sales reps won’t ignore such a high-qualified opportunity.

Your Leads Never Buy

Not all leads are created equal. As many as 70% of the visitors on your site will eventually buy a product from you – or your competitors. It’s the other 30% that we need to worry about. They may be students or competitors; those are easy to identify. The tougher cases are the unqualified tire kickers that want to suck you dry or the blowhards that want to tell you how smart they are, all without any intention of ever buying.

These are perhaps the worst kind of leads to pass to sales since they use up precious time and resources that are better spent on real opportunities. What’s needed is the ability to know when to “qualify out“. This is a term sales reps use when they decide not to pursue a deal they think is un-winnable or otherwise unworthy of their time. In a B2B marketing context, this means measuring the depth of your relationship with each lead so you know when you’ve reached the point of diminishing returns. If this happens, don’t throw the lead away – since you never know what may happen in the future – but you should consider using only low-cost channels to further nurture that lead.

Conclusion

If you notice that you’re suffering from any of these signs, don’t worry! There is always a remedy available. Don’t forget that it is okay to ask for information from your leads early on in the buying process, deepen your relationship with them over time, and know when to stop investigating additional resources in bad leads.

So, whether you’re using lead management software to automate these processes or you’re implementing them manually, by preventing your lead generation from going south, you’ll be on your way to an improved alignment between marketing and sales, shorter sales cycles, and better prospect relationships.