The process of small business lead generation essentially operates on a cyclical basis, wherein new leads are generated, contacted and converted to sales. Some of these clients are retained for the upcoming period of time after their contract expires, while others leave. Hence, it’s important that the lead generation activities need to happen continuously, so that the leads keep coming in and these fluctuations don’t have much of a detrimental effect on business.
Essentially, it has been observed that effective small business lead generation has the potential to shorten the cycle and also lead to better quality of leads. The most important aspect of ensuring this is to understand that the first contact is not sufficient to ensure sales. Hence, one needs to continuously keep at it. However, this depends on whether the lead in question is hot or cold. Quite obviously, one needs to pursue hot leads more fervently, and filter out cold leads completely from the system. This can either be executed by experienced professionals, or by maintaining a log of the feedback received from the different kinds of prospects, which can then be monitored either by an experienced team leader, or by the team together.
One more aspect that organizations are particularly wary of in terms of small business lead generation is that getting quality leads is often an expensive proposition, whether one tries to procure the same from an external party or pushes the sales team to accomplish the objective. Compared to getting a cold or warm lead, finding a hot lead is a lot more time and resource-consuming. However, it’s absolutely worth the effort, when one sees it purely from the perspective of return on investment, since it shortens the span of time it takes from the initial contact to sale. Hence, one needs to ensure that all these points are taken care of in every lead generation campaign, for phenomenal results.
The next criterion is the place mix, which talks about the location at which the product is being introduced. This is equally important as the rest of the lot, since the place at which the product is introduced is of paramount importance. One can’t hope to sell raincoats in a desert, or half sleeved T-shirts in a snowy province! Lastly, the promotion mix in small business lead generation refers to the kind of promotional tactics are used to sell the product.
The appropriate combination of all these would virtually guarantee success for any product or service.