A marketing team that doesn’t
invest time in a proper lead nurturing campaign could be missing out on a
major sales opportunity. Lead nurturing through marketing automation
allows you to deliver the right message at the right time to your
prospects in order to accelerate their movement through the sales
funnel. It allows your marketing team to become much more efficient at
delivering high quality leads to your sales team. If you’re thinking
about getting started, here are five challenges you may run in to and how to overcome them.
1. Timing
One
of the first challenges you may run in to is determining how long a
lead should be nurtured. The answer depends on a variety of factors; but
start by determining your average customer’s buying cycle. If it takes
an average of three months for a lead to become a customer, you should
plan for a lead nurturing campaign that moves a lead from the top of the
funnel to the bottom over the course of three months.
Once you
know the length of your customer’s average buying cycle, you can
determine how long to nurture a lead based on where they currently are
in the inbound marketing sales funnel.
Using the three-month buying cycle as an example, TOFU (top of the
funnel) leads may need to be nurtured for one-and-a-half months before a
MOFU (middle of the funnel) offer is made. Once a lead becomes MOFU,
her lead nurturing workflow might last for one month before a BOFU
(bottom of the funnel) offer is made. The remaining half-month would be
used to send BOFU content in order to nurture a lead to a conversion.
2. Frequency
After
you’ve determined the time frame of your workflows, the next step is to
set the frequency at which offers should be made. For most industries,
TOFU offers can be made most frequently as their barrier to consumption
is very low. Their purpose is to educate, not to sell; so they are
typically received well because of the value they provide. As time goes
on, offers should come less frequently.
MOFU content requires a
lot more commitment to consume. If it were sent as often as TOFU, your
leads would become overwhelmed and likely remove themselves from the
workflow. Reading three or four blog posts in a week is easy. Watching
three or four webinars in one week? Not so much.
3. Variety
Now
that you know how long your leads should be nurtured and how frequently
you’d like to touch base with them, it’s time to determine what kinds
of offers are necessary to reach your goal of a qualified, sales-ready
lead. For this step, it’s best to start with a content audit.
Determine
how many pieces of content you have to offer and where they fall in the
sales funnel. This step will help you identify any gaps. You may find
that you need more content on a certain topic to educate your leads well
or maybe you’re lacking a form of content such as videos, ebooks or
case studies. Some of your content may be outdated and need a refresh in
order to be effective.
Now it’s time to place each offer in the
appropriate workflow. This process will help you determine if you need
one more TOFU offer before you can make a MOFU offer and so on. Consult
your sales team to see what content they use when speaking with
prospects and what forms of content they may need to close the deal.
Once your workflow is full of the right content, you’re ready to go
live.
4. Tracking
Unfortunately, the work
doesn’t stop once you go live with your offers. This is where many
marketers drop the ball on lead nurturing; marketing teams must monitor
workflows and track their progress. An Excel document that maps out each
workflow and the analytics for each offer can serve as a helpful tool
for this. Mapping out the analytics can help you identify when contacts
become disengaged, or which offers aren’t being received as well as
others. You should be tracking email open rates, click-through rates and
form submissions to know if your workflows are effective at moving a
lead down the funnel.
5. Optimization
Email
workflows should constantly be optimized to improve over past
performance. Tracking each email offer will tell you which emails need
updated or should be overhauled completely. You may also find that the
buying cycle you determined in the beginning is actually shorter or
longer than expected.
Lead nurturing workflows are a living
process that should constantly be analyzed and updated as time goes on.
These top five challenges will repeat themselves over and over but as
long as you understand how to overcome them, you’ll be producing more
qualified leads and hitting sales goals month after month.
Saturday, 5 April 2014
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» Overcoming the Top 5 Challenges of Creating a Lead Nurturing Campaign
Overcoming the Top 5 Challenges of Creating a Lead Nurturing Campaign
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