Archive for the ‘Lead Generation’ Category

Advertisers Moving to Performance-Based Models

Friday, September 25th, 2009

Online advertising has changed since its inception. Advertisers have moved away from links and banners in search of tangible results. What they wanted was a guaranteed return on their investment. What they found: performance-based advertising.

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The IAB Internet Advertising Revenue Report released this past March reflects the trend toward performance-based advertising solutions. Among the report’s findings were a 6 percent increase in performance-based revenues over the past year, while CPM or impression-based advertising revenues decreased by six percent. The approximately 4 percent of 2008 full year revenues priced on a hybrid basis represented no change over 2007 figures.

The trend toward performance-based advertising is likely due to the model’s ability to alleviate advertising dollars wasted on an ineffective ad. In turn, advertisers are more comfortable putting their advertising funds into cyberspace, knowing that when they’ve found the right combination, they will gain the return they’ve been looking for.

Industrial Marketers Seek Quality Leads Online

Friday, September 11th, 2009

The recently released report, Trends in Industrial Marketing 2009: How Manufacturers are Marketing Today revealed that 29 percent of respondents named lead generation as their primary marketing goal. This response was topped only by the 44 percent of respondents who pointed to customer acquisition as their primary target. Customer retention was the primary focus for another 13 percent, while brand awareness rounded off the list with 11 percent.

The report, which was published by GlobalSpec, also found that while lead generation is of primary importance for many industrial marketers, lead quality takes precedence over lead quantity when it comes to distributing funds. Fifty-three percent said they will “choose marketing programs that are measurable.” While sixty-nine percent said they will “closely evaluate the performance of marketing programs and reduce or eliminate programs that don’t perform well.”

The survey revealed that three out of the top four marketing channels for generating quality leads are online. The online sources industrial marketers are turning to most often are online directories/websites, e-mail marketing to house lists, and SEO. More than 60 percent of those polled said they are including each of these in their marketing strategy this year.

The Latest On Online Lead Generation

Thursday, September 3rd, 2009

Online lead generation has become increasingly more important for businesses today, many of which are putting more of their marketing efforts into digital channels in an effort to generate business. Econsultancy together with Clash-Media recently released some interesting statistics on online lead generation. For the third Online Lead Generation (B2C) Report released by the duo, there were more than 600 respondents surveyed in May and June, 2009. Here are a few of the key findings:

  1. 65 percent of company respondents indicated that their use of online lead generation has increased in the last year, compared to 11 percent who reported a decrease.
  2. The most widely perceived benefit of online lead generation is the ability to increase the prospect list and customer base, seen as a benefit by 73 percent of company respondents.
  3. There is a continued trend towards decreased use of offline channels for generating consumer leads.
  4. Quality of leads and return on investment are seen as the most important factors when assessing online lead generation campaigns.
  5. The average proportion of lead generation budget which is spent online has increased to 61 percent from 53 percent in 2008.

The big shift to online advertising

Friday, May 15th, 2009

66.5% of marketers plan to increase online spending in 2009.

If the economy is so bad, then why? The answer: ROI -return-on-investment.

In today’s economy marketers must make the most of their spend–and they must account for every penny. Any marketing method they choose needs to be extremely targeted, measurable and result in high conversion rates. This is where online marketing really excels.

In this climate, online marketing is one type of advertising that is consistently and significantly outperforming any other. In fact, the economic downturn is only serving to accelerate the shift to from more traditional media to online advertising, according to new research from The Kelsey Group.

Specifically, performance-based media, such as lead generation, is at the front of the online advertising market. According to an article from Online Media Daily, the benefits of performance-based advertising and online lead generation include improved measurability, higher conversion rates, cost-per-lead pricing, and a constant stream of fresh leads.

Establish a Beachhead into the Buying Process

Tuesday, May 12th, 2009

Act like a force of U.S. Marines who are establishing a beachhead and then moving inland toward their ultimate objective.

New sales leads – based on a white paper download, case study download or product literature download – are simply beachheads into a much larger buying landscape. Use these new sales leads as critical new windows into your prospects current thinking and requirements. A beachhead – a term I use to designate a sales lead that gives you an initial point of contact into an organization – can be established at many positions in an organization and then must be utilized to broaden your understanding of the critical decision makers and the process that will determine the ultimate sale.

It is critical for medical marketers to fully understand the combination of business and practitioner decision makers that influence the purchasing decisions for their products. Many firms miss the opportunity to establish a ‘beachhead’ within prospect organizations by overlooking the involvement of key business and adminstrators who are researching their product offerings as part of a support system to the physicians and medical practitioners.

One client recently asked us to qualify prospects exclusively with chief surgeon titles. Why? Because they had determined that the chief surgeon was making the final decision in many cases. With some more in depth study we determined that the chief surgen had played a role – but not the only role – in the buying process. The real ‘decisions’ were actually being influenced, vetted and determined by key business stakeholders and reviewed by hospital decision makers. The chief surgeon was simply rubberstamping the decision.

Beachheads are influencers who are involved early in the buying process when vendor selection is still under consideration. Instead of qualifying sales leads based on their titles, consider each sales lead with business and technical influencers as a potential beachhead to be nurtured early in the buying process. Then, use that beachhead to dig deeper to determine who within the organization will help to accelerate the decision process.