With Internet as a major medium for sourcing of sales leads, Automated Lead Management and Tracking has become a mainstream process for small and medium businesses. In the past, most companies used to track the leads with manually intensive processes and tools such as Excel spreadsheets, Access databases, Outlook or other locally installed contact management software.

Why Lead Management?

When the volume of leads are low, business owners and salespeople can easily keep track of the leads without automation. Also, cost of generating leads was also relatively low. For example, Yellow pages, Newspapers and Local Radio are the common staple of small business advertising.

Now that the consumer market has undergone tremendous changes, traditional advertising and marketing methods are fast losing the importance.

Small businesses and professional service providers such as contractors, realtors / real estate agents, mortgage brokers, insurance service providers, franchisees, spas, dentists and others are switching to digital marketing and advertising. Buying internet leads is a common practice among them.

Internet and Social Media as Lead Sources

Large volume of sales leads originate from Internet Search Engines such as Google and Bing, either directly through their own websites or through third party, independent lead generation and distribution companies. Social media tools such as Facebook, Twitter and Blogs are driving more consumers to the internet to research and purchase products and services online. These online leads cost significant amount of money; if the prospects are not managed, followed up and tracked promptly lot of money can be lost in short period of time.

Automated Lead Management Process

Automation of Lead Management (also known as Inquiry Management) starts with capturing of the leads directly from the website forms (aka landing pages) or lead distribution and posting systems used by lead sellers.

Once the leads are captured in the system, the leads are to be assigned to the sales reps based on the pre-defined distribution rules. Lead Management Systems such as LeadPro247 automates the lead routing process using a variety of rules such as sales territory (geography – county, state, zip code), product or service, etc.

The lead management system can also send automated emails to the prospective customer with introduction / welcome information, product details and the sales agent contact information.

In addition, the system will also send lead email alerts to the field sales reps intimating that a prospect in their area has shown interest in one of their services or products. The sales reps can immediately call up the prospect, even while on the road.

If there is an inside sales team, email lead alerts will go to them automatically. Based on the alerts they could qualify the leads and then inform the respective sales rep accordingly. This process helps prioritizing the sales leads and plan the follow-up activities.

Followup activities by the inside sales coordinators as well as the field sales reps can be updated in the system with brief notes. A suitable sales stage can be assigned to each lead for future follow up. Reminders could be setup along with follow up tasks.

The business owner / sales manager / administrator can view the entire sequence of activities from their computer systems in real time. The lead tracking and management system also includes comprehensive lead tracking and summary reports in the analytics module. For example, leads can be summarized and viewed by Lead Source / by Sales Rep / by Product, etc.

Each prospect’s profile, right from capture to the current stage, can be viewed in one place with all the activities such as email messages sent, followup tasks and notes, telephone calls and personal visits.

When a sale is closed or a prospect is lost, the status can be updated for proper filing and future reference. During the sales process, one or more email messages can be sent to the prospect via event triggered drip email campaigns. This is part of lead engagement and nurturing process.

Online Surveys can also be used to engage the prospects and get feedback during and completion of the sales process.

Lead Management as a Web Based Software

Most lead management services are available as a web based software unlike the traditional server or PC based solutions. Hence the system can be configured in a few hours for a specific business. Using a web based lead management system is much easier than the traditional software. Above all, there is no need for any upfront investment as the fees will be paid as a reasonable monthly subscription.

Lead Nurturing and Continuous Engagement is a key process to increase the lead conversion rate (of new prospects) and convert the recycles leads to sales. Using Online Surveys tool as part of lead management will help assess the interest and buying intent of the prospects. Integrating the online surveys and lead management database will play an important role in such a situation. Survey Invitations can be sent via automatic drip email messages based on the lead follow-up stages and / or activities.

Why Online Surveys

Online Surveys enable the marketers to design surveys, build survey questionnaires using multiple question types, and deploy the surveys online in minutes. The web survey responses can be monitored, analyzed and viewed online in real time.

Online surveys also help survey response completion rates, as the prospects or customers (converted leads) will have increased comfort levels due to the anonymity of the internet.

Online Survey Features

Online Surveys include a number of features to design an effective survey questionnaire. Open ended and closed types questions can be used to frame the questionnaire. The survey pages and information pages can be fully customized and branded to decrease the survey abandonment rates.

Survey invitations can be sent automatically using the built-in Drip Email features. The invitations can also be tracked for clicks, opens and survey completion.

Integration of Lead Management and Online Surveys

An integrated online surveys and lead management tool helps to avoid duplicate database management. The lead follow-up activities and sales stages can be used as triggers for surveys and other follow-up actions. This is not possible, if standalone tools from different service providers are used.

Just as first responders save more lives, marketers and sales professionals who respond to the prospects first have very high probability of converting the leads to customers.

We all know that first responders such as fire service personnel, paramedics, police and doctors value the first hour after an emergency as ‘golden hour’. Actions taken in the golden hour saves countless lives and damage to the properties. Responding to a prospect who has raised his / her hand with an online registration or quote request is no different.

When a lead comes through your sales lead tracking and management software system, make sure that you respond in minutes, not in hours or days. Even if the product or service that you are selling has a long sales cycle, it is essential to reach out to the prospects at the shortest possible time lag. Note that an autoresponder (or drip email)  message sent by lead system is not a replacement for your personal telephone call or email message.

Also, it does not matter if you are selling to businesses (B2B) or consumers (B2C). Remember that you are selling to people in either case. Decisions are made by human beings, not soul less corporations!

Here are the keys for increasing lead conversion:

• Respond to prospects in Minutes, not Hours or Days
• If the prospects are not yet ready for sale, nurture with resources such as:
  • • Whitepapers
    • eBooks, Presentations, etc.
    • Webinar recordings
    • Newsletters
    • Tutorial Videos
    • Case studies and success stories
• Stay in touch via phone calls and emails with the leads until they are ready to move to the next stage.
• Determine the frequency of touches and use appropriate contact methods

Establishing a process to monitor,  respond and track the inbound marketing leads is a critical requirement in your marketing and sales strategy. Don’t let another lead slip through the cracks by delaying your first response!

Drip Email Messaging is a great tool in the marketers’ resource kit. Most modern Sales Lead Tracking and Management Software Systems include at least some sort of drip email marketing feature to be used as part of lead nurturing process. Advanced lead systems (such as Leadpro247) include a plethora of event triggers and action choices that can be leveraged to send a variety of automated drip email messages. In fact these drip marketing messages blur the difference between the transactional messages and marketing /informational messages. However, marketers have to be cautious and make sure that they are not substituting the drip messages for  personal email one-on-one email messages and follow-up phone calls.

Leading lead tracking systems such as LeadPro247 tightly integrate the drip marketing function with lead follow-up activities and feedback mechanisms such as online surveys. While these features can be leveraged to increase the prospect engagement, the same can never be considered as a replacement for old fashioned phone calls and direct email messages.

Reasons

There are several advantages of personal telephone calls and email messages, especially when the lead is in a warm ot hot stage. Here are some of the reasons:

• Low Delivery rates – Drip email delivery will be much lower than the personal / direct email delivery rate. Important follow-up messages should not be missed.
• Low Open rates – Even if the drip messages are delivered to their in boxes, the email open rates will be significantly less. Though right subject lines and other email header parameters could reduce this issue, a serious / hot prospect should not be left out for any reason.
• Minimal Personalization – Though the email messaging is greatly improved with automated personalization feature, it cannot be equate to the personally hand crafted email messages. A human being can respond much more personally depending on the nature of follow-up and the action which triggers the email.
• Missing Personal Touch – Personal telephone calls can produce significant results when the lead is in the advanced sales stage. By automating the follow-up messages, you miss out a chance for personal interaction and faster lead conversion.

If you are a small and medium business owner or online marketer looking to increase leads and sales, you must be either using a sales lead capture, tracking and management system already or evaluating the lead solutions available in the market. When deploying a lead tracking and marketing automation system, make sure that your websites are integrated with the same in order to capture leads automatically.

Websites as Lead Generation Sources

We all know that internet is becoming the primary source of sales lead generation and prospects land on one or more websites to seek your products or services. if you are driving a ton of traffic to your websites and the prospects are brought to the landing pages, converting the visitors into leads and following up with them is critical for success. It does not matter whether you are in B2B or B2C marketplace, automating the lead capture is an essential step to expedite the lead follow-up processes.

Automating Lead Capture from Landing Pages

I have come across many small business clients who use our LeadPro247 lead management software system, but are yet to integrate their websites where leads are generated. Majority of the customers still capture the lead information on basic forms and email the data to one or more inside sales / marketing team members. They take up their own time and then enter the leads into the lead distribution, tracking and management system.

It is critical to automate the lead capture process by integrating the landing pages (or signup forms or registration forms) with the lead management system. Many consider this integration process a tedious and complex one.

Lead Capture Methods

The leads captured on the websites can be emailed and then entered manually into the system as mentioned earlier. Precious time is wasted in this process delaying the follow-up activity. Any manual entry leads to errors and inaccuracies. And some leads might slip through the cracks and never get into the lead management system!

The simplest and easy method of lead capture by embedding a small code provided by your lead tracking and management system into the landing page. If you do not have the in-house capability to embed the code into the sign-up form, take help from the lead management service provider. Most providers do this for a small fee as it does not take much time. If you are using third party web developers or consultants, some tend to discourage this practice and push back. Don’t fall for their pressure! If they cannot incorporate your request or do not know how to do it with little efforts, then it may be time to look for an alternate service provider!

The industry term used for lead capture specifications is lead posting instructions. There are slight variations in this lead push process. Check with your lead tracking system provider; they would be more than happy to provide you the details.

If you have multiple landing pages or websites, you can pass on the “lead source” from each page to the lead system. The lead source information would be useful in the lead followup process. For example, you can plan different drip email messages to leads collected from each source.

Lead tracking systems will also support capturing leads generated through multiple pages (i.e. sign up form split into multiple pages). Most service providers would be able to help you with custom services in such cases.

If you are lead generation company capturing leads to resell the same to one or more lead buyers, automating the lead capture is first step. You may refer to our blog for more information on lead generation capture and distribution software solutions.

Leverage the lead capture features of your lead tracking system and convert more prospects to customers. Happy selling!

While this blog serves as a lead management resource center for small and medium sized businesses and marketing professionals, a dedicated blog has been launched by LeadPro247 lead distribution, tracking and management service providers to cater to the Insurance Lead management needs of Agents, Brokers and professionals. Insurance lead segment is one of the competitive areas in internet lead generation and agents have started using internet generated leads increasingly. The entire insurance lead generation and management domain has undergone a sea change in the past couple of years.

The blog is located at http://www.Insurance-Leads-Management.Com. The subjects covered in the resource center include Insurance lead generation, leveraging social media by agents, buying internet leads, evaluating third party lead companies and lead providers / vendors, assessing insurance lead quality, lead tracking best practices, lead delivery and tracking processes, drip emails (autoresponders) for lead nurturing and automatic follow-up, insurance lead tracking software tools, lead management tips, tricks and guidelines, automating routing of leads to insurance agents, and effective lead conversion methods.

The entire spectrum of the insurance industry is covered. Health, Life, Auto, Home, Commercial / Business, Annuities, Renters and other insurance lead management professionals can benefit from these resources. The insurance industry centric blog will be a great complementary tool in you are in the insurance service industry.

With the economy shrinking, Google, Microsoft and Apple ruling the digital world, news papers and magazines folding every month, it is no wonder that businesses are forced to follow their customers and consumers. It is doubtful if any business can survive without leveraging internet for sales lead generation, engagement and conversion. If you are a newbie to the Web Lead Acquisition world or just planning to test the waters, here is a mini guide on why buying internet leads could make business sense.

It does not matter what business you are in, internet can / should be leveraged for marketing and web leads generation. However online lead generation may not be for everyone; certainly not for the fainthearted as you can easily bleed with pay per click, media buying, SEO and other related approaches, if you don’t know what you are doing.

What are Internet Leads?

As the terminology implies, sales leads generated using web sites are referred to as Internet Leads or Website Leads. You can generate your own leads or you can buy the leads acquired by other lead generation companies. Landing pages, which are basic web registration forms, are used to get prospect information. Generally, minimal information such as name, email and phone number will be collected. While designing and creating landing pages may look easy, there is a lot of underlying technology to be understood and used in order to maximize the value and increase lead quality.

Once the landing pages are up and running, the next step will be driving consumer web traffic to these pages. This is where the traffic generation approaches such as PPC and SEO come into play. These processes are time taking and costly in terms of efforts as well advertisement costs. While you may start testing these procedures with very little money, the end results may be insignificant.

Why Buy Internet Leads?

Firstly, you cannot ignore internet as a lead generation medium. Over 65% of the consumers start their buying process on the internet, though the final conversion may happen off-site or even in brick and mortar retail settings. Secondly, you can focus on your business and core competency; you don’t need to become an internet wizard. Thirdly, it is affordable. You can test with small investment and then grow as you become comfortable with the process. Finally, it is fully scalable. You can buy 100 leads in a week, if you have the resources for follow up and conversion. The next week you can just by 25 leads, if your work load is heavy.

How to Buy Internet Leads?

The most important factors to be taken into consideration while buying leads generated by third parties are: (1) Quality of Leads, (2) Cost of Leads, and (3) Timely Delivery of Leads.

Unless the leads are of high quality, there is no meaning in buying leads. Hence focus on the lead vendors, their lead generation processes and web sites used, and their past history. You may take a look at the post on 10 Secrets of Successful Internet Lead Buying for great Conversion rates for related discussion.

Follow the following steps in your day to day operations:

• Receive the website leads in a Lead Tracking and Management system. Lead Providers might provide access to a basic lead retrieval and tracking system as part of Lead Generation and Distribution Software; however, if you are buying leads from multiple providers, you may be better off with your own software subscription.
• Distribute the leads received from the provider to your sales team / agents immediately. Your sales lead tracking system with a flexible automatic lead distribution engine (with sales territory management feature) will be of great benefit here.
• Nurture, Track and Manage prospects proactively. Leverage Drip Email Marketing function of your lead tracking system effectively to communicate with the prospects.
• Measure, Analyze and Improve on an ongoing basis. Lead analytics reporting provided by the lead management system will provide a lot of information to analyze and measure the lead quality and conversion statistics.

Lead Nurturing is the process of developing leads and converting them to customers using long term marketing, engagement and follow-up strategies. With the wide use of Internet by the consumers and businesses to locate, research and purchase goods and services, Lead Nurturing has gained a much wider and critical importance among marketing professionals.

While most of the time the prospects need immediate response from the sellers, it is also true that many prospective buyers look for information right at the early stages of buying process. Hence keeping those future customers engaged, educated, gaining their confidence and finally converting the leads to customers is a key part of today’s marketing process. Lead Nurturing Software helps to nurture the internet leads using automated software systems and processes.

Lead Nurturing Software Tools

Leads generated from Internet and online media such as social networking sites and web 2.0 tools, who are not looking for immediate purchase, can be nurtured using lead nurturing software programs with built-in Autoresponder Services, event triggered sequential drip email marketing automation programs, and lead tracking systems.

The nurturing process takes various cues depending on your nature of business. For example, if the telephone contact information of the prospect is available, it can also be put through a contact center (not focused on sales but nurturing). If the physical address is available, even a traditional snail mail can be sent in a suitable time interval. However, these traditional nurturing methods are loosing relevance, as there is remote possibility of having contact information other then email addresses. Over 80% of leads generated on the internet, especially using social networking media sites, will have only email address as the contact information.

Many integrated Lead Management Software solutions such as LeadPro247 marketing automation suite, come with relevant lead nurturing tools. These are generally web based systems and easy to use. Typically the following components can be used to develop and nurture the leads:

• Auto Responder Service: This tool is nothing but Email Marketing Automation service with built-in drip email marketing broadcast feature. Drip email messages are automatically triggered by the system by predefined events such as times lines, bahavioral actions, and online activities.
• News Letters: Electronic newsletters are great nurturing tools for educating and engaging the prospective customers. Email marketing service will be used to design, deliver and track email newsletters with marketing information.
• Online Surveys: The biggest benefit of using online survey software is that you can read the prospects’ minds. This will provide an insight into the thoughts of the prospect and your services can be tuned accordingly.
• Lead Tracking: When you are nurturing a lead online, tracking the behavior is the most important aspect. Unless you know how they are behaving and what they are responding to your marketing communications, you can not deliver meaningful messages or take corrective actions. Again, the integrated Lead Tracking software such as LeadPro247 could be leveraged to track the email message opens, clicks, site visits, survey responses, and whitepaper / document downloads.

Usage, Relevancy and Frequency

While there are several tools and systems available for internet generated leads, it is the the user who decides when and how to use the features available. As an online marketing professional, you must choose the right business rules, timing and frequency for delivering nurturing messages. Using a lead nurturing software tool itself is a not a panacea for all ills! It depends on how you use it.

For example, sending too many email messages might trigger the prospect to unsubscribe from your email list. Similarly, if you do not mail frequently enough, they prospect might forget about their research and your relevany product / service and might report your email message as a SPAM or Unsubscribe from the list.

The messages have to be relevant to the prospect’s needs and requirements. Use the segmentation features available in your email marketing or autoresponder service to deliver right messages to the right target audience.

Review the nurturing programs and business rules settings on a regular basis and tweak and improve the same on a continuous basis. What is right and relevant today may not be relevant tomorrow, especially in the online world. If you are dealing with B2B sales leads, you may also employ lead ranking or scoring techniques to improve the lead nurturing and follow-up process.