Sales professionals who have introduced lead nurturing believe it has been the most significant benefit to their team, resulting in better responses to campaigns and easier segmentation.
Lead nurturing is essential for high converting sales processes. It allows your potential customers to gain a better understanding of your product and guides them to make a purchasing decision. Teams that focus on creating a good experience for their leads generate 50% more sales-ready leads, for less than half the cost.
What is Lead Nurturing
Lead nurturing involves providing sales qualified leads with relevant information and support so they can make a decision. It is a two-way process that involves receiving feedback and clarifying doubts that help build confidence and trust over time.
Lead nurturing is the process of building relationships with potential customers, usually through targeted communication over an extended period of time. There are many ways to carry out lead nurturing, such as phone calls, chatbots, social media, web ads, emails, direct mail, and In-person meetings. The goal of lead nurturing is to educate your leads about their problems and needs over time.
The Difference Between Lead Nurturing and Lead Generation
Generating leads and nurturing them are both important parts of a marketing strategy. The names may be similar, but the difference is very noticeable.
The goal of lead generation is to attract potential customers to your business’ website through a variety of marketing tactics. These tactics can include search engine optimization (SEO), social media marketing, email marketing, and content marketing.
Although it can be an effective way to grow your database of potential customers, a significant drawback is that not all of them are ready or willing to buy something or even give their email address. Most people who come to you during the lead generation phase are not ready to be sold to yet. That’s why you need a lead nurturing strategy.
Lead nurturing is the process of developing potential customers until they are ready to make a purchasing decision. This can be achieved by regular contact with potential customers via methods such as email, social media, blogs and free downloadable resources.
Lead nurturing helps bring new customers to your business by providing them information to help solve their issues. In the case of lead nurturing, you’re trying to build a relationship with the customer so they will buy from you at a later date, rather than trying to close the deal right away.
People are more likely to buy from businesses that they have heard of before. Lead nurturing is an important practice, especially for businesses that sell high-priced products or services. Introducing your brand gradually and building familiarity with potential customers will make them more likely to choose your company over the competition when they are ready to make a purchase.
Why lead nurturing is important
The account-based selling process focuses on engaging leads with targeted content, which is known as lead nurturing. If potential customers that are qualified don’t receive follow-up care, they will not complete the sale. Engaging with leads in a planned and progressive manner significantly increases chances of closing them.
The HubSpot research shows that 50% of leads who are qualified to buy are not ready to purchase immediately. This means that businesses need to continuously nurture their leads in order to eventually turn them into paying customers. If you want to help your customers, give them content that is relevant to their problems. This will help to answer any questions they have about your product. If you can remove the objections that potential customers have about your product or service, it will be easier for them to make a purchase and close the deal.
Clearly, sales teams cannot skip on lead nurturing.
Now that we have learned what lead nurturing is, let’s proceed to explore how to set up processes for nurturing your leads.
How To Nurture Your Leads Effectively
Step 1: Score and segment your leads
The first step in sales lead nurturing is to classify, score and segment your leads based on your internal standards. This is part of the process of qualifying a lead. If you have a plan in place, you have completed this step.
Lead scoring and segmentation ensures that you are only nurturing leads that are likely to convert into customers. Lead qualification is a process that saves time and resources while closing more leads.
Step 2: Create and test follow up sequences
Once you have segmented your leads, you will need to create a unique set of follow-up emails for each group. The email templates you create should be designed to help potential customers understand the value your products offer for their specific situation. Design templates that support and reinforce the chosen value, in order to generate interest and engagement from potential customers. Each lead that you enroll should have some personalization in the template that is left for that purpose.
To get the most out of your lead nurturing templates, test their content to avoid triggering spam filters. This will help them get delivered straight to the lead’s inbox. keep an eye on the responses to these templates after you put them into use This tool will help you improve your templates by identifying which ones need to be reworked. SalesHandy is a sales engagement platform that allows you to track open and response rates.
Enrolling people into a sequence is a task that requires careful attention to detail. You will need to add the leads to a pre-programmed email sequence that is specific to their segment. The personalization fields will be used to fill out the templates, and the delivery times will be based on the lead’s time zone.
Step 4: Timely re-engage
Leads that are enrolled in a follow-up sequence need to be tracked for engagement so that the next steps can be planned. If a lead is not responding to your emails, they might still be interested in your product. There is a strong chance that they are busy and have not had a chance to check their email yet. If someone you know is going through a tough time, make sure to check in on them later.
If you find new updates that may be of interest to the lead, reach out and let them know, and ask how it impacts their business. Gaining the confidence of your target audience will help you start conversations about your product. Your goal should be to guide your leads through the sales cycle as quickly and smoothly as possible.
Step 5: Analyze results and optimize
After your lead nurturing sequence is active, monitoring its effect on sales is key. It is an essential part of the process and helps you improve it to help close more deals.
The following four measures assess how effective your lead nurturing is: open rates, responses, closes, and sales cycle times. Track conversion rates at each stage of the sales funnel, as well as conversions at the bottom of the funnel. The success of your lead nurturing campaigns is determined by these metrics, which will also help you identify areas that need improvement.
Step 6: Multi-channel lead nurturing
According to the Demand Gen Report, 90% of people prefer email as their channel for nurturing leads. However, it’s down from 98% the previous year. Salespeople are increasingly using website chat and social media platforms to connect with potential customers.
As people’s attention moves away from email and onto other platforms, we need to focus on capturing their attention on these different platforms. The campaign would include using social media platforms, phone calls, text messages, web advertisements, and customized sales materials to promote the product.
Step 7: Align sales and marketing teams
Your sales and marketing teams need to work together to create a successful lead nurturing process. A report from LinkedIn shows that 58% of marketers and salespeople think that Marketing and sales working together improves customer retention and makes better financial results. The financial performance of marketing and sales teams that don’t work together decreases by 60%, and customer retention decreases by 13%.
Both functions should align towards the goal of generating positive engagements with qualified leads. Lead nurturing should be a priority for both processes in order to make it more successful.
Top 10 Best Practices For Lead Nurturing
FIGURE OUT YOUR TARGET AUDIENCE
To make your products more relevant to people, you need to know who your target audience is. In order to create a product that will effectively reach your target customer, you must first understand who they are, what their needs are, and where they can be found. Knowing your target audience is the first step in creating a product that appeals to them.
When you are aware of what your customers deem important, you will be able to adapt and provide them with better service and newer innovations that they will continue to find value in. Do not assume that your ideal customers are the same age or have the same lifestyle as those who are currently buying from you. Instead of thinking about who would benefit the most from your product, think about who would benefit the most from your product.
Once you have figured who your target audience is, you can start to market to them by customizing the language and pictures in your marketing materials to fit what they like. Social media can be an effective tool for promoting your business. If you want to reach your ideal customer, starting a blog can be a great way to engage with them and show off how much thought you put into your product.
BUILD A BUYER PERSONA TEMPLATE TO MODEL YOUR IDEAL CUSTOMER
There is a lot of data and research that you can use to help you figure out who your ideal customer is. Now that you know your ideal customer, you can narrow your focus even further. Enter the buyer personas.
A buyer persona is a representation of the ideal customer for your business, based on market research and data about your current customers. There are a few things you should consider when creating your buyer persona, such as customer demographics, behavior patterns, motivations, and goals. This will help give you a better idea of who your target customer is and what they are looking for. The more detailed you are, the better.
Creating a buyer persona will help you create content that is focused and speaks directly to your most valuable customers. Making sure that your website is attractive to the people you want to attract is important in informing the design and functionality of your website.
USE LEAD SCORING TO ORGANIZE PROSPECTIVE CUSTOMERS
Lead scoring is a way of figuring out which leads are more likely to be valuable to your company and then prioritize them. It allows you to focus on your most promising leads and eliminates those that are less likely to be interested or qualified. This allows you to focus on leads that are more likely to result in a sale, giving you a better chance of success while also saving you time.
This is a popular marketing technique that can have many applications, but is most effective for lead nurturing purposes. This is because it allows marketers to focus their efforts on those prospects most likely to be converted into customers.
Lead scoring can help improve conversions by providing information about which leads are ready for your sales team to contact and which ones need additional nurturing.
REACH OUT THROUGH HIGH-QUALITY CONTENT MARKETING
If you use high-quality content marketing, you can nurture your leads so that they become paying customers who are loyal to your brand. When customers are ready to purchase a product, they should be able to do so in the most easy and convenient way possible.
Ideally, your content marketing strategy should be designed to not only attract new leads, but also help to nurture those leads until they are ready to make a purchase. To create content that is valuable to customers, it should help them at each stage of their buyer’s journey, as well as contribute to their overall journey as a loyal customer.
If you want your brand to succeed in the long run, you need to focus on creating high-quality content. The tool is powerful and has a lot of potential, but you need to be able to make it work for you.
Some of the approaches you can take here include:
If you want to build trust with potential customers and move them along the sales funnel, writing blog posts is an excellent strategy. If a reader is interested in learning more about your products or services, they will likely visit your blog frequently.
Writing white papers can be a great way to showcase your company and its expertise, but it’s more complicated than just writing a blog post. Articles are generally a lot longer and require more research that blog posts.
FOSTER MEANINGFUL RELATIONSHIPS THROUGHOUT THE SALES FUNNEL
Lead nurturing is a marketing strategy that involves developing relationships with potential customers over a long period of time, before they are ready to make a purchase. Being active on social media helps you keep your name in people’s minds, provides them with useful information, and builds trust between you and them. Lead nurturing is the process of developing relationships with potential customers, often through email, with the goal of eventual conversion to sales.
THE PROBLEM: YOUR BUSINESS ISN’T GROWING AS FAST AS IT SHOULD!
Your sales have stagnated or decreased, and you can’t figure out why. Discover what’s holding you back from achieving predictable sales growth in your business.
If you want to grow your business, you need a proven plan and framework. That’s what you get with the 2X Your Sales Discovery Session.
Want to learn about a formula for Predictable Growth that will put your business on a 90-day path to 2X Your Sales?