Lead nurturing represents the process of developing a relationship with the subscribers by listening to their needs, offering helpful information and answers to any questions and doubts they might have.
In terms of online
marketing and sales, a lead is a potential sale contact. That is the person (or
another business) with interest in the products or services you provide.
Lead generation is the
process of gathering email addresses of those potential customers through
various different methods, including advertising, content marketing,
networking, social media marketing, etc.
Obtaining new leads is an
integral part of an online business strategy, but only a small percent of those
leads will be willing to make a purchase immediately. Others need a little bit
of encouragement.
What is a lead nurturing email campaign?
A lead nurturing email
campaign is an automated, personalized, email campaign that marketers use to
take users on a journey that may impact their buying behavior.
These campaigns are
automated, meaning they’re created using email automation technology that sends
scheduled blasts to potential leads based on their brand interactions.
But the beauty of lead
nurture email campaigns is their customized nature, built using data,
analytics, and user behavior research.
This information allows
marketers to create personalized campaigns that are targeted and engaging,
encouraging high-quality leads that take the next step through the sales
funnel.
Sales
funnel
To begin with, let us
focus on so-called sales funnel. A sale happens in several stages, which are
commonly known as phases or stages of a sales funnel. The word funnel is used
for a reason.
The funnel is the widest
at the top, meaning that the first stage of the sales funnel is where you will
reach the largest number of leads. The funnel gets narrow towards its end, and
so does the sales funnel.
It gets more narrow with each sale stage until
eventually it includes only a part of those initial leads.
The stages of the sales
funnel include:
• Brand awareness –
This is the point where the potential customers become aware of your products
and services.
• Interest in your
brand or product – At this point, the potential customers shows
interest in your brand by registering for an event, commenting on your blog, signing
up for a newsletter, etc.
• Evaluation –
Most internet buyers are not impulse buyers. Instead, for each purchase, they
go through the process of research and comparison during which they evaluate
your brand.
• Purchase –
This is the final stage of the sales funnel, where the lead becomes your
customer.
From the first stage,
brand awareness, until the final stage, purchase, the funnel tightens and the
number of leads drops.
Each stage is where you
either keep or lose a lead, which is why lead nurturing process has become so
important for email marketing.
This process helps you
keep as many leads as possible in each sales funnel stage, so that you increase
the number of those who reach the final phase, i.e. purchase.
How
to nurture the relationship?
Since a good relationship
is, in essence, the way you nurture leads, you will need to explore different
ways to improve this relationship. You should not be self-centered because lead
nurturing is all about paying attention to your subscribers.
They should be in the
focus of your lead nurturing process because the main goal is to engage them
and keep them satisfied through each sales phase.
Build
relationship gradually
Start by gradually
building the relationship. Even though it might be tempting for you to speed up
the process and quickly turn a lead into a customer, this usually happens more
slowly than you would want.
Patience is very important
for building a strong relationship with the potential customers, because you
want to allow them to naturally go through all of the phases until they decide
to become your customers.
Your role in this process
is not to rush and nudge them to do something, but instead, you should simply
follow the process and use lead nurturing tactics to encourage them to interact
with you, to get to know more about your brand, etc.
Understand
the Buyer’s Journey
It’s crucial to understand
the buyer’s journey, both in general and in terms of how it relates to lead
nurturing. And there are at least three main stages of the journey that you
need to understand to better know your prospects.
• Awareness:
When a potential buyer realizes a want or need for a specific product or
service.
• Consideration:
When a potential buyer has defined their want or need and is now researching a
possible product or service solutions.
• Decision:
When a potential buyer has figured out what their solution is and is comparing
the available options to choose the best one for their needs.
Keeping the buyer’s
journey in mind helps you determine the kinds of content you should be
creating.
Predict
the need
Successful lead nurturing
is a process where you follow the subscribers through the phases of the sales
funnel, and one of the best ways to succeed in this task is to predict the
need.
Try to anticipate what the
subscribers will think, need, want in each of the phases, and be prepared.
Here
is one example.
Imagine you own a company
that provides small companies with email marketing software. A subscriber
downloads your free ebook and gets to become a member of your mailing list,
your new lead.
He is still in the first phase.
He might be wondering if he needs this tool and how it can be used. To
encourage the subscriber to go into the next phase, you will send an email with
resources on email marketing which can show different strategies for improving
the business performance.
This way, you were able to
predict the state of mind your potential customer would be in.
Fulfilling this need is
something that will help you build a relationship and take the potential
customer into the next phase of the sales funnel.
Be
relevant
Lead nurturing is a
delicate process in which an action can improve your client to customer
relationship, but it can just as easily cause you to lose a potential customer
too soon. Always make sure your message is relevant.
Not only does lead nurturing have benefits on
the relationship with the recipients, but it also helps you establish your
reputation as a respectable sender.
This means that you build
an influence in a certain industry, which will gain you respect and trust from
your community. In return, this community will respond with loyalty. Therefore,
your email message should be relevant in terms of:
• Topic –
You should not get off topic. The email needs to be about the topic which is
related to your business, as this is something that the recipient will find
relevant.
You have your niche, so
stay in it. That is what your subscribers are expecting.
• Time –
Pay close attention to the timing, because some content might be timesensitive,
which will influence email marketing as well. This especially refers to
limited-time offers, seasonal content, etc.
Lead
nurturing tactics
There are many ways to
nurture leads, depending on both the type of business you run and the overall
business strategy you have.
The main goal of the lead
nurturing process is to nurture the relationship with your subscribers so that
you keep them engaged and loyal to your brand, which also results in sales. To
achieve this goal, you could use one of the following tactics.
Targeted
content
As much as your website
visitors have one thing in common (following your brand), they also have a lot
of differences. The idea with this approach in lead nurturing is to create
content that is closely targeted at a specific group of subscribers.
This way you make the
connection with a specific group much more personal and full of understanding.
Getting to know your subscribers shows a great level of care, which is a
perfect way to ensure a high level of loyalty among them.
To be able to use targeted
content as a tactic for lead nurturing, you will first need to learn more about
your subscribers. One of the best ways to do so is with online forms.
Instead of simply
obtaining a subscriber’s email, using online forms allows you to gather more
data about each subscriber, the data that will help with segmenting your
audience, identifying their needs and targeting them through content that is
specifically designed for them.
Besides using online forms
on your website, you could also send email surveys or organize a social media
contest, but the concept stays the same. You need to learn more about your
subscribers in order to use this strategy.
For example, if you
segment your subscribers based on the location, you will be able to send a
targeted announcement about your upcoming events in a specific city.
There is no need to send
an email featuring an event in Boston, to someone who lives in Europe.
The same goes for other
criteria. Promoting your latest small-business guide to large companies would
also be a futile strategy.
Lead
scoring
The concept of lead
scoring is this. You use a custom scale to rank leads based on the perceived
value each of those represents to your business.
This idea is also based on
the fact that not all subscribers are alike, but instead of segmenting them
based on different criteria, with lead scoring you assign a score to each lead.
This way you basically put a numeric value on a lead, based on the fact how
likely they are to become your customers.
As a result, you can
prioritize the leads based on the lead score. Those with a high score are
deeper in the sales funnel, closer to purchase, meaning that the lead nurturing
could help you successfully convert them.
Like with most lead
nurturing tactics, for lead scoring, you will need to have a tool. Marketing
automation platforms allow you to get insights into the way the visitors
interact with your website, which helps with understanding the leads in a
better way than simply viewing the statistics in Google Analytics.
To start ranking and
prioritizing leads, you will need to add numeric values to certain actions.
The choice of the actions
is based on your own business and website because you know your subscribers
much better than anyone else.
You know which actions are
more likely to lead to sales, and you also know how to score them. Here are a
couple ideas:
• A visit to a
specific page – If, for example, the statistics show that a visit to a
particular page of your website has 40% chance of resulting in a purchase, then
you will assign a high score to the leads who visit this page and prioritize
communication with those leads.
• Social media
interaction – Certain actions on social media, such as commenting or
sharing your content may be an indicator that this lead should have a high
score, which is why you need to keep monitoring on social media as well.
• An event
confirmation – This action can indicate that the person is interested
in your brand and wants to learn more on your seminar or webinar, which is also
something worth knowing in the process of lead scoring.
Seizing
the moment
They say “timing is
everything” in business, and this is particularly true when it comes to lead
generation. Your lead nurturing campaign has to be closely monitored so that
you can seize an opportunity in the perfect moment.
For example, if you have
just had someone subscribe to your newsletter, take the opportunity to contact
them and show appreciation. If the user has visited your website after a while,
take advantage of this information and follow up with useful content,
additional information, asking for feedback, etc.
All of this helps you keep
the connection with the subscribers.
This part of lead
nurturing is largely automated with marketing automation tools because it is
impossible to sit all day long and keep waiting for an opportunity to come up.
Instead, use a tool to set up criteria that will initiate a follow-up.
For example, after
visiting a certain page, the subscriber can receive a follow-up with additional
information.
It is believed that leads
nurtured this way have much larger potential of being seen as sales opportunities
because through this approach you are targeting them based on the need they
have.
This kind of approach has
better chances of succeeding than a mass email or a monthly newsletter you send
on a regular basis to the entire list. This is because you are reaching the
subscribers just in the right time, at the moment they have a need or request
that needs to be met.
If you manage to fulfill that request, you are
going to be perceived as trustworthy and helpful, which overall affects the
level of loyalty. In case the subscriber had any doubts about you, this way you
will surely encourage him to go down the sales funnel.
Measure
Results and Update as Needed
Just as crucial as getting
your content and timing right is utilizing data to adjust as needed.
Once you start sending
your emails, track specific email metrics to see how they’re being engaged with
and what sorts of conversions they’re leading to — particularly emails that are
part of drip campaigns.
If an email isn’t getting
many clicks or responses, tweak it with Collaboration of sales and
marketing.
Another strategy that has
been proven as quite effective in lead nurturing is a collaboration of sales
and marketing reports. The exchange of the data between the two is crucial for
recognizing and nurturing leads.
On one hand, there is a
sales department. This department uses reporting and sales analysis to identify
the customer profile, highlighting the patterns and behavior. Understanding why
users become your customers, understanding what it is that finally gets them
through the sales funnel, is something you can take advantage of.
This knowledge allows you
to understand new potential customers better and provide assistance as they go
through the funnel more quickly.
On the other hand, we have
marketing where this knowledge can be applied. This way you get to design a
marketing strategy to take full potential of your resources and increase the
number of generated sales.
A sale is an opportunity,
and to take this opportunity you need to have a deeper understanding of the
buying process. This allows you to create a more personalized and more
effective connection through lead nurturing.
The goal of both
departments is increasing sales and continuous efforts in analyzing and
assisting the buying process. Measurable results from both ends will make this
collaboration work seamlessly.
Lead nurturing is one of
those email strategies where the goal is to improve communication with
potential customers, and this can be achieved through a refined approach that
focuses on the customers and the needs or wants they might have.
To make these strategies
work and to make the most out of lead nurturing, start by having a customer as
the central point. Then, you go on to develop an approach and use tactics that
will still be focused on the customer as they gradually lead the customer
through the sales funnel, to the actual sale.
With this kind of
thinking, you will be able to form a successful lead nurturing strategy. In the
long run, not only does this strategy help with immediate sales, but it
improves business to customer relationship and the level of loyalty the
customers have.
Nice post.... Thanks for sharing Usefull information.
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