“We need more leads” is a familiar refrain heard in B2B meetings all over the world. What they really mean is we need growth, and “more leads” is seen as the way to achieve this.
But “more leads” is an expensive trap that typically means:
Let’s face it. No one needs “more leads” – they need better leads that drive revenue and profit growth.
When leads are poor quality, sales teams:
If this sounds familiar, the issue isn’t your team. It’s the fact that you are chasing volume over quality.
Lead factories and low-cost marketing providers have pushed the idea that quantity is the goal of lead generation.
“We delivered 400 leads to you this month!” they exclaim. Well yes, they did. But 399 of them can’t buy, won’t buy or shouldn’t buy. So what exactly has been achieved?
All you’ve done is load up your sales team with a lot of legwork and pointless effort that will get them nowhere. You’re left with a frustrated team, eroded trust and you’re no closer to delivering revenue and profit growth.
It’s not to say that those other 399 leads will never be a buyer in your category. It’s just that they are not ready right now (for any number of reasons). And pushy phone calls if they are not sufficiently educated, engaged and nurtured will push them away, not warm them up.
The key is finding better leads to call – those that are in the category now and are actively looking for your solution. Quality beats quantity every single time.
Unfortunately, the lead factories are one-trick ponies – they aren’t built to do the hard work of turning prospects into buyers over long B2B purchase cycles.
A better lead is a prospect who ticks all the following boxes:
This is not just a list of nice to have qualities. It’s the difference between a 5% close rate and a 25% close rate.
The likelihood of turning a prospect into a buyer hinges on a range of critical factors. A prospective buyer:
They need less convincing and more time having the right conversations.
‘Always-on’ demand is the consistent activity that gently but assuredly moves prospects through the buying cycle at their pace. It is a multi-faceted but integrated approach that is built with growth in mind:
It’s the exact opposite of what the lead factories do. That’s why we built The Demand Stream – to take a more discerning and less desperate approach to demand and lead generation activity.
We’re all about helping you find better leads, not just more leads. If you want to spend less time taking more productive meetings with buy-ready prospects, talk to us today.