This lead generation case study (and the instantly-actionable tips and strategies we’re about to share!) is based on Josh Brammer’s interview with Dr. J.J. Peterson, StoryBrand expert and host of the podcast Building a StoryBrand with Donald Miller.
For more details, and to hear the full podcast, click here.
The success of every business, in every industry, no matter what it’s selling, is largely determined by that company’s ability to generate leads. While referrals are highly valuable, consistent business growth requires a steady flow of qualified leads who are ready to purchase now or in the not-too-distant future.
Lead generation is so essential to the business growth process that entire marketing and sales teams (and tens of thousands of dollars!) are devoted to this single goal. Yet, so many of the businesses we partner with here at Lantern don’t know how to leverage the lead generation process to access high-quality leads. Instead of focusing on a handful of effective lead generation tools, these companies chase dozens of competing marketing tactics, spreading their budget— and their marketing team— thin.
In today’s article, we’re sharing our best secrets and strategies for improving your lead generation process. It worked for the client we profile in the podcast linked above, and we know it can work for your service-based business, too.
Let’s start with a quick refresher: What’s a lead generator, and why do you need one?
A lead generator, also called a lead gen, is any highly-valuable asset you share with your target audience in exchange for their contact information and/or a little more info about their situation. They receive a helpful resource, and you get the information your sales team needs to follow up with these prospective customers— and hopefully close a deal soon.
Lead generation marketing (when done well!) is an incredibly valuable sales tool for a number of reasons:
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It can add significantly more leads to your sales teams’ pipeline in a relatively short period of time
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You get access to your potential customers’ contact info, which your sales team can use to follow-up with and nuture these leads
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The right lead gen helps your business establish trust with your target audience by providing a highly valuable free asset
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It gives you the opportunity to prove that your business knows how to solve your prospective leads’ key problem— improving your customer loyalty and conversion rate
Here’s how Josh describes the power of lead generation marketing:
“First off, it solves a problem for me, [as a customer], right? It gets something out of the way, gets questions or confusion or fears out of the way for me. And that would immediately allow me to start trusting [the business] as my guide because they’re telling me what to do. And they’re giving me value.”
The right sales lead generation tools not only give you access to your potential customers’ inboxes— they warm your qualified leads in the process. By the time you start nurturing these sales leads, they’re already familiar with your business, what you offer, and the value you can deliver.
Here are a few examples of marketing tools that can help you generate leads for your sales team:
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An ebook
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A free webinar
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Downloadable checklists, how-to guides, templates, scripts, or examples
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A video course
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Planners or worksheets
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A free call, session, or meeting
As you can see, any kind of valuable asset can help your sales and marketing teams generate leads. And as an added benefit, a strategically planned lead gen can even improve your incoming lead quality.
“The right lead gen can qualify your site visitors, so you’re attracting the right ones and repelling the ones that are going to be a waste of time and money for everybody.”