Here's a painful truth: B-to-B lead generation takes a lot of hard work even before you execute any marketing or sales program.
Work smarter, not harder, and follow these six steps to make a real difference:
1. Do Your Homework.
What do you know about your existing customers? Do they fall into any particular vertical industries? What types of job titles do they encompass? It's doubtful that they're all C-level executives—chances are your real customers are well down the food chain. Select your top four or five vertical industries, identify their job titles, and plan your next steps with these verticals in mind.
2. Find Prospects That Look Like Your Target.
Finding the right target is not like finding a needle in a haystack, and if you've always relied on renting a compiled list, then good luck to you. Think like your targets: Do they belong to an industry association? What conferences do they attend? What publications do they read? Join their industry organizations, attend industry conferences and read their trade publications—increase the breadth and depth of your industry knowledge. Most of these organizations/events make their lists available for rent, and their data is probably more current and accurate at the levels you're really targeting.
3. Determine Your Target's Pain Points.
What problem does your product or service solve? It's probably different by vertical industry and by job title or function. Rent your list and use an outside research firm to contact prospects to help identify the challenges facing them in your particular area of expertise. Familiarize yourself with their industry lingo, decision-making processes and organizational structures.
4. Gather Sales Support Assets.
Use the information gathered in step three to reposition your product, create new whitepapers or author industry articles aimed at different functional areas within each company. Review existing case studies, and determine how you can refresh and repurpose them by vertical industry based on your newfound insights. Create assets digitally and in hard copy so you can use them in fulfillment and follow-up efforts.
5. Create a Destination of Information.
Before you start reaching out to prospects, create an online destination beyond your existing Web site. Organize your new assets by vertical industry, as most organizations want to know that you understand and have experience in their categories. A health care company, for example, probably will not have the same challenges as a financial services organization. And it's most likely that your solution wouldn't be identical either. Directing the health care company to a site tailored to that industry, with case studies it can relate to, will go a long way toward creating confidence in your abilities.
Business-to-Business Lead Generation Strategies
Business to Business Marketing Research
Good concise list. We can use this and start to make our lead nurturing better.
Carolyn, thank you for your post! Seems like most people in the business world are looking for a quick fix to their problems. Thank you for having the courage to explain that there are no quick fixes in B to B lead generation! As you stated, it's imperative for people to do their homework before latching onto a list without forethought. In fact, according to John Coe, author of The Fundamentals of Business-to-Business Sales & Marketing 50% -70% of the success of a mailing campaign is determined by the mailing list. The same holds true in the world of nonprofit. Hope that more marketers will read your post and take this to heart before investing their limited marketing dollars!