You’ve spent a great deal of time,
effort and money putting together your
business-to-business sales lead
generation programs. How you handle B2B
sales leads once you get them makes the
difference between a happy sales team
and new customers or an unhappy sales
team and lost sales.
Here’s a checklist of questions to ask
yourself to determine if you have the
best chance of being successful with
your sales lead programs:
Are you prepared to send requested
information immediately?
Prospects have their own agenda and
timeline, not yours or your firm’s. So,
you need to be efficient and strike
while you have the opportunity.
Timing
of your inquiry handling processes are
of paramount importance. Your firm
needs to respond to all inquiries
quickly—the faster, the better.
Here are some questions to keep in mind:
Do you know what to send in response
to different types of inquiries?
Do you have electronic versions for
those who want the information by e-
mail or via downloads from your Web
site?
Do you have adequate supplies of
printed materials ready for those who
prefer them?
Do you have the people, systems and
processes in place to get the requested
information out the door quickly?
Are you prepared to capture all
inquiries in a database for ongoing
nurturing and qualification efforts?
To avoid having any of the golden sales
opportunities represented by your
inquiries fall through the cracks, you
need to capture all of your inquiries
in a database so you can properly
manage their fulfillment, nurturing,
qualification and distribution. With
this in mind:
Do you have the database ready to go?
Do you have the data entry people or
outside services lined up to get the
inquirers into the database?
Do you have a program in place
to “qualify” sales leads before sending
them to your salespeople, reps, dealers
or distributors?
If your business-to-business marketing-
for-leads program is to succeed,
marketing, sales and corporate
management need to share a unified
definition of qualified sales leads.
If
you all agree from the start on what a
qualified lead is, then deliver leads
that meet that definition, your sales
team will be able to effectively and
efficiently follow up and close more
sales.
Have you agreed with sales
management on which questions to ask in
order to determine which leads are
qualified?
Have you agreed what information is
required to know which sales contacts
to route the qualified leads to?
Do you have proactive programs in
place to contact and qualify your leads?
Do you have a process in place for
distributing qualified leads to sales
contacts as they are identified?
Sales leads are worthless unless they
are quickly handed off to the right
sales contact for follow up.
Your lead
distribution process has to be well
defined and ready to go—in advance—so
as to prevent delays or misdirection
when leads are qualified and ready for
sales attention.
It also has to be
easy for your salespeople, reps,
resellers and distributors to access
the qualified sales leads and manage
their lead follow up.
Is your sales leads program designed
to get the leads into salespeople’s
hands without delay?
Have you made it easy for your
salespeople, reps, dealers or
distributors to use?
Can they access leads over the
Internet?
Does it integrate with their
existing contact management or email
systems?
Do you have a program in place to
nurture or cultivate your not-yet-
qualified leads?
Salespeople generally focus on those
one-in-four sales leads who are ready
to buy soon. However, research shows
that three of four sales come from
longer-term prospects who are
frequently ignored by sales.
As these
longer-term leads represent the lion’s
share of the potentional sales, your
sales lead management program must be
designed to help nurture the longer-
term leads until they are qualified as
being sales-ready opportunities.
Does your company have a prospect
relationship marketing program in place
to keep in touch with these longer-term
prospects, using email, fax, mail and
phone contacts, until they are
identified as being qualified and ready
for sales attention?
Do you know what messages to send as
part of your prospect relationship
management program?
Do you know how often to contact
prospects with these messages?
Do you know what offers to use to
get them to further identify their
needs and situation so you can
determine if they are ready for sales?
Do you have a program in place to
measure and track the results of your
various sales-lead generation,
cultivation and sales follow-up
programs?
A marketer I know recently reported to
her management on the results of the
company’s lead generation programs:
Awareness of their company and its
products among targeted prospects more
than doubled; the cost per qualified
lead delivered to sales by marketing
dropped by nearly 40 percent; 58
percent of the opportunities in the
sales pipeline were found first by
marketing; and 48 percent of the sales
closed; and 62 percent of the revenue
during the past 12 months came from
marketing-generated leads.
The result? She got a bigger B2B
marketing budget and senior management
no longer doubts marketing's
contribution to the company's success.
Can you answer these questions and show
your management how your lead
generation programs are contributing to
your company’s success?
Can you determine your cost per
lead, cost per qualified lead and cost
per sale?
Do you know which lead programs
generate the highest return on
investment?
Do you know which nurturing
techniques worked and which didn’t?
Can you prove to management that
your lead generation programs are
paying off in increased sales and
market share?
Refer to this checklist of questions to
guide the development or improvement of
your company’s sales lead management
programs and processes and you’ll have
the best chance of being successful.
M. H. “Mac" McIntosh is described by many as one of America’s leading B2B
marketing consultants and an expert on
the subject of sales lead generation ( http://www.sales-lead-
experts.com/consulting/lead-generation-services.cfm ). For the latest sales lead response-producing tactics that
are working NOW to drive leads and multiply sales subscribe to Mac’s FREE
Newsletter, Sales Lead Report®, at http://www.sales-lead-experts.com.