{"id":1590,"date":"2020-10-20T19:19:21","date_gmt":"2020-10-20T13:49:21","guid":{"rendered":"https:\/\/www.only-b2b.com\/blog\/?p=1590"},"modified":"2024-05-13T10:36:35","modified_gmt":"2024-05-13T05:06:35","slug":"increase-lead-quality","status":"publish","type":"post","link":"https:\/\/www.only-b2b.com\/blog\/increase-lead-quality\/","title":{"rendered":"5 Surefire Ways To Increase The Lead Quality"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Are you generating huge numbers of leads? But how many of them are the \u2018quality\u2019 ones? In the earlier blog episode, we checked the method to measure the <a href=\"https:\/\/www.only-b2b.com\/blog\/why-quality-leads-vital-for-business\/\" target=\"_blank\" rel=\"noreferrer noopener\"><span style=\"color:#ff6900\" class=\"tadv-color\">quality lead<\/span><\/a>, right?! utilize it and check whether generated leads are worth for your business?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Because mostly what happens, many B2B marketers end up gathering leads which are just for the number\u2019s sake and out of them very few moves down the sales funnel and have an intent to buy your product or services.<\/p>\n\n\n\n<p class=\"has-very-dark-gray-color has-text-color wp-block-paragraph\"><a>Many super smart B2B marketers know the ground zero of market. They know that, market actually demands for quality leads. <\/a>So, B2B marketer (Sales team too) knows very well, if they generate lots of weak leads they are into real trouble.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">So, you must have got an idea that to survive in the B2B market, you need to produce numbers and quality.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Have you watched a movie <strong>Glengarry Glen Ross<\/strong>, a 1992 American drama film? The whole thing is about quality \u2018leads\u2019.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><img fetchpriority=\"high\" decoding=\"async\" width=\"300\" height=\"220\" src=\"https:\/\/www.only-b2b.com\/blog\/wp-content\/uploads\/2020\/10\/Leads-Are-Weak.png\" alt=\"5 Surefire Ways To Increase Th - leads are weake Lead Quality\" class=\"wp-image-1591\" style=\"width:522px;height:383px\" srcset=\"https:\/\/www.only-b2b.com\/blog\/wp-content\/uploads\/2020\/10\/Leads-Are-Weak.png 300w, https:\/\/www.only-b2b.com\/blog\/wp-content\/uploads\/2020\/10\/Leads-Are-Weak-150x110.png 150w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><figcaption class=\"wp-element-caption\">Leads Are Weak<\/figcaption><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">Image Source: <a href=\"https:\/\/www.salesdirector.ai\/wp-content\/uploads\/2017\/08\/leadsweak-2-300x220.png\"><span style=\"color:#ff6900\" class=\"tadv-color\">SalesDirector<\/span><\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">To improve the <a href=\"https:\/\/www.only-b2b.com\/blog\/why-quality-leads-vital-for-business\/\"><strong><span style=\"color:#ff6900\" class=\"tadv-color\">quality of your leads<\/span><\/strong><\/a> here are the super 5 approaches that will show the drastic improvement in the sales.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">1. Marketing And Sales \u2013 Agree Them For \u2018Sales Qualified Leads\u2019<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Marketing and sales need to concur on the attribute of a sales ready lead. Never slip any lead to the sales team unless that lead qualify \u2018your definition of Qualified\u2019.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to a study by Marketing Sherpa, sadly, less than 50% of businesses have accepted a company-wide definition of a \u2018sales-ready lead\u2019.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">So, tip one is \u2018You\u2019 need to decide the definition of \u2018Qualified\u2019 and work upon \u2018<a href=\"https:\/\/www.only-b2b.com\/sales-qualified-lead.php\"><span style=\"color:#ff6900\" class=\"tadv-color\">Sales qualified lead<\/span><\/a>\u2019.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">2. Execute The Lead Scoring Method<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Lead scoring is the method of classifying the leads. This way you can map the interest level and rank the lead accordingly. Many companies can assign the ranks as Hot, Cold and Warm leads or simply A, B, C, D. and this way they will boil up or conclude to the \u2018Fit\u2019 or \u2018Interested\u2019 categories.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u2018Fit\u2019 with less \u2018Interest\u2019 \u2013 Marketing skills need to be implemented to nurture the lead.<\/li>\n\n\n\n<li>\u2018Fit\u2019 with high \u2018Interest\u2019 \u2013 Sales must follow up with the lead quickly.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">The lead scoring should be done perfectly by analyzing the Explicit and Implicit data.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Explicit Data \u2013<\/strong>The information prospect provides such as title, industry, company etc.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Implicit Data \u2013<\/strong>The online behavior of the prospect, such as time spent of <a href=\"https:\/\/www.only-b2b.com\/blog\/best-social-media-to-generate-b2b-leads-facebook-vs-twitter-vs-linkedin\/\"><span style=\"color:#ff6900\" class=\"tadv-color\">social media<\/span><\/a>, pages visited, recency etc.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to the <a href=\"https:\/\/www.oracle.com\/cx\/marketing\/automation\/\">Eloqua<\/a> research, the lead scoring system increases the deal close rate by 30%, company revenue surges by 18% and the revenue per deal goes up by 17%.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">3. Lead Nurturing<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"900\" height=\"722\" src=\"https:\/\/www.only-b2b.com\/blog\/wp-content\/uploads\/2020\/10\/Lead-Nurturing.jpg\" alt=\"5 Surefire Ways To Increase The Lead Quality - lead nurturing\" class=\"wp-image-1592\" srcset=\"https:\/\/www.only-b2b.com\/blog\/wp-content\/uploads\/2020\/10\/Lead-Nurturing.jpg 900w, https:\/\/www.only-b2b.com\/blog\/wp-content\/uploads\/2020\/10\/Lead-Nurturing-300x241.jpg 300w, https:\/\/www.only-b2b.com\/blog\/wp-content\/uploads\/2020\/10\/Lead-Nurturing-150x120.jpg 150w, https:\/\/www.only-b2b.com\/blog\/wp-content\/uploads\/2020\/10\/Lead-Nurturing-768x616.jpg 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><figcaption class=\"wp-element-caption\">Lead Nurturing<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Image Source: <span class=\"tadv-color\" style=\"color:#ff6900\">HelloBar<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Lead nurturing is defined as building relationship with your leads and nurturing them thoroughly throughout the buying process. As per the study, half of the leads are not always ready to buy the product or services. You need to nurture them so that they finally develop interest and buy the product or services.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to the Forrester research, companies that proved excellent in the lead nurturing were able to generate 50% more sales ready leads that too at lower cost, compared to other companies.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Some leads are warm and are not or have lesser interest in buying the services or product. This is when lead nurturing comes into picture. Lead nurturing helps in taking the lead to the last level of buying process.<\/p>\n\n\n\n<p class=\"has-luminous-vivid-orange-color has-text-color wp-block-paragraph\"><strong>Must Read: <a href=\"https:\/\/www.only-b2b.com\/blog\/lead-generation-best-practices-and-examples\/\"><span style=\"color:#ff6900\" class=\"tadv-color\">Lead Generation Best Practices and Examples<\/span><\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">4. Marketing Sales Feedback<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">A communication between marketing and sales team is must. When a marketing team throws leads to sales, it is must for the sales team to follow up. If this is not happening, something is broken and you might fail in the quality lead generation process. We know, aligning and establishing a coordination between the sales and marketing department is not an easy task, but it is a very important to get the desired results.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">B2B marketers cannot wait so long for the sales to complete the whole qualification process, because until then many data might get obsolete. So it is always better to go for real time lead generation program.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Hence, it is advised to create a feedback loop between sales and marketing team, this way marketing team can send bunches of information to sales and sales will be able to send feedbacks and sales report to marketing team.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The monthly lead ranks should be reviewed and updated by both the teams; this completes the quality lead feedback cycle.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><span style=\"color:#ff6900\" class=\"tadv-color\">Must Read: <\/span><\/strong><a href=\"https:\/\/www.only-b2b.com\/blog\/lead-generation-strategies-in-usa-market\/\" target=\"_blank\" rel=\"noreferrer noopener\"><span style=\"color:#ff6900\" class=\"tadv-color\">How the lead generation strategies in USA market differ from the rest of the world<\/span><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">5. Use Technology<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"631\" src=\"https:\/\/www.only-b2b.com\/blog\/wp-content\/uploads\/2020\/10\/Marketing-Automation.jpg\" alt=\"5 Surefire Ways To Increase The Lead Quality - marketing automation\" class=\"wp-image-1593\" srcset=\"https:\/\/www.only-b2b.com\/blog\/wp-content\/uploads\/2020\/10\/Marketing-Automation.jpg 1024w, https:\/\/www.only-b2b.com\/blog\/wp-content\/uploads\/2020\/10\/Marketing-Automation-300x185.jpg 300w, https:\/\/www.only-b2b.com\/blog\/wp-content\/uploads\/2020\/10\/Marketing-Automation-150x92.jpg 150w, https:\/\/www.only-b2b.com\/blog\/wp-content\/uploads\/2020\/10\/Marketing-Automation-768x473.jpg 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Marketing Automation<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Work smarter not harder. Implement marketing automation tools to improve the quality of the leads. Automation will help you to understand the details of each lead very precisely, which is impossible manually. When you want to grow your sales, it is must to handle the data very efficiently.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.only-b2b.com\/blog\/automation-tools-for-abm\/\"><span style=\"color:#ff6900\" class=\"tadv-color\">Marketing automation<\/span><\/a> tools provides the valuable analytics and measurements which are necessary to improve the lead quality. It tracks the lead behaviors in the sales funnel, gives you insight about your marketing plan, analyzing it properly you can answer the question of, Are you on right track of sales, <a href=\"https:\/\/www.only-b2b.com\/blog\/?s=lead+generation+\"><span style=\"color:#ff6900\" class=\"tadv-color\">lead generation<\/span><\/a> and most importantly is it affecting your revenues.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Try implementing and integrating your CRM system with marketing automation tools to get the excellent results.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Final Words:<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Many B2B researches revealed that market is having the quench for \u2018quality leads\u2019 around 70% of the companies demand for quality leads over quantity. But when it comes to compression of the term \u2018Quality lead generation\u2019 many businesses fail to do so. We know you are among the smart group of B2B marketers who are already focusing upon quality but might be finding ways to improve the quality of the leads.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">We hope this blog paved a way towards improving the quality of the leads. Try integrating technology with your super talented brain and you will witness the wonders in the business revenue.&nbsp;<\/p>\n\n\n\n<p class=\"has-luminous-vivid-orange-color has-text-color wp-block-paragraph\"><strong>Must Read: <a href=\"https:\/\/www.only-b2b.com\/blog\/quality-vs-quantity-lead-generation\/\"><span style=\"color:#ff6900\" class=\"tadv-color\">Quality Vs Quantity Lead Generation: Who Wins The Race?<\/span><\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Are you generating huge numbers of leads? But how many of them are the \u2018quality\u2019 ones? In the earlier blog episode, we checked the method to measure the quality lead, right?! utilize it and check whether generated leads are worth for your business? Because mostly what happens, many B2B marketers end up gathering leads which are just for the number\u2019s sake and out of them very few moves down the sales funnel and have an intent to buy your product or services. Many super smart B2B marketers know the ground zero of market. They know that, market actually demands for quality leads. So, B2B marketer (Sales team too) knows very well, if they generate lots of weak leads they are into real trouble. So, you must have got an idea that to survive in the B2B market, you need to produce numbers and quality. Have you watched a movie Glengarry Glen Ross, a 1992 American drama film? The whole thing is about quality \u2018leads\u2019. Image Source: SalesDirector To improve the quality of your leads here are the super 5 approaches that will show the drastic improvement in the sales. 1. Marketing And Sales \u2013 Agree Them For \u2018Sales Qualified Leads\u2019 Marketing and sales need to concur on the attribute of a sales ready lead. Never slip any lead to the sales team unless that lead qualify \u2018your definition of Qualified\u2019. According to a study by Marketing Sherpa, sadly, less than 50% of businesses have accepted a company-wide definition of a \u2018sales-ready lead\u2019. So, tip one is \u2018You\u2019 need to decide the definition of \u2018Qualified\u2019 and work upon \u2018Sales qualified lead\u2019. 2. Execute The Lead Scoring Method Lead scoring is the method of classifying the leads. This way you can map the interest level and rank the lead accordingly. Many companies can assign the ranks as Hot, Cold and Warm leads or simply A, B, C, D. and this way they will boil up or conclude to the \u2018Fit\u2019 or \u2018Interested\u2019 categories. The lead scoring should be done perfectly by analyzing the Explicit and Implicit data. Explicit Data \u2013The information prospect provides such as title, industry, company etc. Implicit Data \u2013The online behavior of the prospect, such as time spent of social media, pages visited, recency etc. According to the Eloqua research, the lead scoring system increases the deal close rate by 30%, company revenue surges by 18% and the revenue per deal goes up by 17%. 3. Lead Nurturing Image Source: HelloBar Lead nurturing is defined as building relationship with your leads and nurturing them thoroughly throughout the buying process. As per the study, half of the leads are not always ready to buy the product or services. You need to nurture them so that they finally develop interest and buy the product or services. According to the Forrester research, companies that proved excellent in the lead nurturing were able to generate 50% more sales ready leads that too at lower cost, compared to other companies. Some leads are warm and are not or have lesser interest in buying the services or product. This is when lead nurturing comes into picture. Lead nurturing helps in taking the lead to the last level of buying process. Must Read: Lead Generation Best Practices and Examples 4. Marketing Sales Feedback A communication between marketing and sales team is must. When a marketing team throws leads to sales, it is must for the sales team to follow up. If this is not happening, something is broken and you might fail in the quality lead generation process. We know, aligning and establishing a coordination between the sales and marketing department is not an easy task, but it is a very important to get the desired results.&nbsp; B2B marketers cannot wait so long for the sales to complete the whole qualification process, because until then many data might get obsolete. So it is always better to go for real time lead generation program. Hence, it is advised to create a feedback loop between sales and marketing team, this way marketing team can send bunches of information to sales and sales will be able to send feedbacks and sales report to marketing team. The monthly lead ranks should be reviewed and updated by both the teams; this completes the quality lead feedback cycle. Must Read: How the lead generation strategies in USA market differ from the rest of the world 5. Use Technology Work smarter not harder. Implement marketing automation tools to improve the quality of the leads. Automation will help you to understand the details of each lead very precisely, which is impossible manually. When you want to grow your sales, it is must to handle the data very efficiently. Marketing automation tools provides the valuable analytics and measurements which are necessary to improve the lead quality. It tracks the lead behaviors in the sales funnel, gives you insight about your marketing plan, analyzing it properly you can answer the question of, Are you on right track of sales, lead generation and most importantly is it affecting your revenues. Try implementing and integrating your CRM system with marketing automation tools to get the excellent results. Final Words: Many B2B researches revealed that market is having the quench for \u2018quality leads\u2019 around 70% of the companies demand for quality leads over quantity. But when it comes to compression of the term \u2018Quality lead generation\u2019 many businesses fail to do so. We know you are among the smart group of B2B marketers who are already focusing upon quality but might be finding ways to improve the quality of the leads. We hope this blog paved a way towards improving the quality of the leads. Try integrating technology with your super talented brain and you will witness the wonders in the business revenue.&nbsp; Must Read: Quality Vs Quantity Lead Generation: Who Wins The Race?<\/p>\n","protected":false},"author":2,"featured_media":1595,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[50],"tags":[248,35,247],"class_list":["post-1590","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lead-generation","tag-how-to-increase-the-lead-quality","tag-lead-generation","tag-lead-quality"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>5 Surefire Ways To Increase The Lead Quality - Only-B2B<\/title>\n<meta name=\"description\" content=\"Market demands for quality leads. 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