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Lead Management:
Lead Management
is a term used in general business
practice to describe methodologies,
systems, and practices designed to
generate new potential business
clientele, generally operated through a
variety of marketing techniques.
Lead Management
facilitates a business's connection
between its outgoing consumer
advertising and the responses to that
advertising.
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Lead Planning &
Generation: This stage consists of planning the entire campaign –
determining lists, developing messaging, selecting the medium, setting the
timing, planning the marketing project, then specifying lead qualification
and distribution mechanism with Sales.
Qualify Leads:
In this stage, leads are qualified, scored and processed according to
pre-determined criteria. Typical lead process points and ‘flags’ are
defined, including qualification questions and process, distribution rules,
lead scoring (specific definitions of A, B and C-level leads), components
and duration of the sales cycle, how to deal with atypical or out-of-profile
leads, and ownership of each stage of the process. Once lead qualification
criteria are determined, they can be automated. For example, surveys can
pose questions like, ‘Does this prospect have a budget in place for a
product like ours?” When this information is known, the lead can be passed
to sales as a ‘hot’ lead requiring rapid follow-up, or a ‘cold’ lead
requiring further nurturing and communication.
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Distribute
Leads: Lead distribution is the process of getting leads to the right person at
the right time. There are many distribution systems - according to
territory, product, lead source, level of urgency, or new vs. existing
customers. They can also be escalated if, for example, they have a short
timeframe to make a decision, or a ready-approved budget, or if they have a
particular urgency or a high value
associated with them. With the right technology infrastructure, companies can
automate the distribution of leads according to predetermined criteria. This
removes the burden from support staff, and ensures that leads really do reach
the right person at the right time.
Nurture Leads: Lead nurturing allows companies
to remain in touch with longer term leads until the lead
is ready to be advanced into the sales cycle. When the
lead is closer to making a purchase, it can be passed on
to sales. Nurturing – the process of progressing a lead
from an ‘unqualified’ to a ‘qualified’ state worthy of
devoting your marketing resources – is an often
neglected step in the lead management process.
Measure and Evaluate Programs: The last stage of
lead management is to close the loop on results.
Post-campaign analysis and reporting is the key to
demonstrating success, or perhaps identifying how a
marketing approach could be improved. By going through a
detailed planning process at the outset, teams are clear
as to what is to be measured at each step, and have
visibility into how similar campaigns have performed.
When the ROI and cost-per-lead from each campaign is
accurately reported, patterns can be identified which
help marketing teams to do more often what is proven to
work well.
These processes are
designed for business-to-business and direct-to-consumer
strategies.
Lead Management is in many
cases a precursor to sales management and customer
relationship management. This critical connectivity
facilitates business profitability through the acquisition
of new customers, selling to existing customers, and
creating a market brand. This process has also accurately
been referred to as customer acquisition management.
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Increased sales and profits.
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Reduced costs per lead.
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Lead Generation, high-quality
appointments with qualified decision-makers.
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Lead Qualification and develop
trade show leads.
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Leverage the time of your sales
team.
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Timely follow up to your
campaigns.
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Scalability to expand or retract
the size of your lead generation or lead qualification
team.
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Seamless representation of your
company, products, and services.
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