While getting your hands on a large number of leads is great, it’s only half the battle. The best lead converts fast and stays forever, but not every lead will provide any revenue at all. 70% of marketers say that the most important objective in a good lead generation strategy is to improve lead quality. The way you capture, build and manage your contact profiles is what will determine your overall level of lead quality, and with it, your success as a company.
Like any profession, marketing presents many unique challenges. Only 22% of marketers are happy with their marketing conversion rates, leaving a lot of room for improvement. The four following issues are those which marketers like you are most worried about right now and they’re likely to be affecting you too. By figuring out how to remedy them early on, you’ll ensure that they can’t continue to hinder you going forward.
Wherever your business is going in the next year or so, networking events are probably going to be a part of it. 84% of professionals in leadership roles agree that live events (including networking events) are critical to the success of their companies. Given how important they are, they deserve some extra consideration. Don’t write off next year’s events as just another matter of course; the world of networking events is changing, and yours should be changing with it.
Because follow-ups take place outside of the well-understood context of networking events, some people find them difficult to navigate and therefore abandon the idea altogether. Unfortunately, that choice is sure to have detrimental effects on business revenue. Up to 80% of leads are not followed up on after B2B networking events; that’s a whole lot of lost potential.
Perfecting the art of the follow-up is one of the most useful things any professional can learn regardless of what field they are in. Anyone can chat with people at an event, but someone who takes the time to seek those same people out later and sow the seeds of a proper relationship are the ones who will ultimately see the most success. That’s why it’s important to know the best follow-up processes to employ and why.
Networking is usually thought of as a solo activity, but this isn’t always the case. 68% of companies use networking events of some kind to draw in the bulk of their sales leads. Strategies like this mean that networking has to be a team effort. If you’re getting ready to lead your team into a new networking event, it’s up to you to prepare them. This four-step plan is a great place to start.
Attending a great networking event is only step one of a successful attempt to create new contacts. Once the event is over, what next? Although about 75% of people network in some way, not all of them understand that an event is only meant to provide initial introductions to people of interest. It’s up to you to take it the rest of the way or watch those budding new business relationships wither.
We all know that networking is an important part of being part of the working world; however, it may not always be easy to give this activity the attention it deserves. 41% of professionals say that they would like to network more, but they simply do not have the time to do so. If you’re anything like them, you need to make sure that the time that you do spend at events counts for something. Believe it or not, the right actions and attitudes can have a big impact on networking outcomes.
Networking events may occasionally seem like an outdated concept now that it’s possible to speak to anyone from anywhere at the touch of a button, but the stats on this matter speak for themselves. 40% of new prospects that you meet face-to-face can be expected to convert into new customers at some point; there's no better way to start off a business relationship.
Going to networking events is clearly worth doing, but it’s also worth thinking about what you might do to boost the effectiveness of the time, energy and resources you’re investing to do so. Getting the right tools at your side is critical to making this happen, and there’s one in particular that you might miss: Lead capturing mobile app.
Networking events are a great way to extend your contact base and reach for greater success; 78% of start-ups cite networking as being critical to establishing their early customer base. However, these events have developed a bit of a dour reputation over the years. If picturing one makes you think of a joyless congregation of grey suits, you’re not alone, but you’ve still got the wrong idea. Networking events can be both effective and fun – in fact, these two goals often go hand in hand. With these tips, the next one you host could be the best your guests attend all year.
Artificial intelligence, AI, isn’t just a science fiction concept anymore. This innovation has become the new trend in information technology and it is about to bring massive change to just about every industry. It is projected to account for $36.8 billion in revenue by the end of the year 2025.