The most important thing for a business owner is to be able to find qualified leads. Businesses can grow their revenue by acquiring leads. This blog will explain what qualifies a qualified lead, and how to locate them.
It is crucial to ensure that your marketing dollars are used efficiently when you run a business.
This can be done by ensuring that leads generated through your promotional campaign are qualified customers. Here are some tips to help you find qualified leads for the business.
What are Qualified Leads?
Qualified leads refer to people who are interested in your product/service. Although they may not be ready to purchase yet, they are interested in your product or service.
This is how it works: A prospect calls your business to ask questions about purchasing something. You respond quickly, and hopefully, this helps you win their trust. This is crucial for relationship-based companies like yours.
The customer decides whether he would like to conduct further research about what you have before making a purchase. What should you know about your customers?
You can learn a lot from people who have purchased your product/service. These include: What they loved most and what they didn’t love so much about your product/service. Their demographics (age and gender).
How long did it take them to buy? Did they take time to decide or were they ready to go right away? What time did it take to buy after they inquired?
Any problem that occurred during the purchase process, such as a non-payment or a delay in delivery. This information can be used to personalize your marketing campaigns for each customer. Make sure you send them messages that will build trust and confidence in you.
What is a Marketing Qualified Lead (MQL),
A marketing qualified lead has been through the qualification process. They have shown interest in your product/service and can be reached directly by you via email, phone, or text message.
You can find qualified leads online at many places! Here are a few:
1. Sites of your Competitors – If you’re in the same industry, your competitors may have a lead generation section on their site where potential clients can sign up for information and get notified about new products or services.
These opportunities are worth taking advantage of. Sign up for an account with each of your competitors to see which leads they receive from this page.
After you have signed up with each of the businesses, search Google Analytics or another similar tool using the query “My company name + leads”. This will show you the websites with your competitor’s name on them.
2. Social Media Sites – You can also find qualified leads on social media platforms such as Facebook, Twitter, and Instagram.
These sites will likely attract people who are interested in your products and services if you’re active (especially if you’ve been following/following similar businesses).
By going to “settings” in each platform and selecting “Activity Logs”, you can view all activity. Scroll to the bottom of each page, and you will see a section called Leads.
3. Directory & Online Marketplaces – Many online directories allow users to post information about products and services. Some even specialize in helping small businesses find leads.
These can be extremely helpful so make sure to check them out often! I found an eCommerce directory through Facebook that allowed people to sign up for updates from other retailers interested in my product/service.
4. Public Forums – There are many public forums, blogs, and discussion groups on the internet where people can share information about their businesses or pose questions to other members of our community.
These forums are great for finding leads for your business. One example: I found a forum on FB where someone advertised her services as a “personal branding coach”. It sounded intriguing.
She had created a page that listed all her qualifications and included links to various sites that she frequented for potential clients/clients-to-be to learn more about what she could offer them.
What is a Sales Qualified Lead (SQL),
A Sales Qualified lead (SQL), is a lead that a salesperson has submitted. You need to be able to tell if a lead qualifies for a SQL to ensure they get the best results.
While there are many ways to qualify customers for your business, most people only use two:
- Customer History & Demographics
- Questions that your customers can fill out for you
Although there are many ways to gather information about customers, these are the most popular.
Demographics and Customer History
This is the best way to qualify leads and one of my favorites! You can simply ask your client/customer (or anyone else who has access) to complete an online questionnaire to get information about their past purchases and services from other businesses.
This information is available for free as all businesses offer forms on their websites that allow potential clients to give feedback and make recommendations based on past experiences.
This information can be used to create a customer profile. It will allow you to determine how many clients and customers you have, as well as their preferences when it comes time to buy certain products or services.
It is possible to even find the same people who gave positive feedback so that they can give you more detailed recommendations!
It is a valuable tool for businesses as it allows them to see exactly how much money was spent on each purchase. This helps them make sure that their prices are fair and competitive, without being overly competitive with other companies.
Questions Your Customers Can Fill Out for You
A great way to find out more about your customers is to ask them to complete a form on another company’s website.
You can ask them in person or by email. However, I prefer to do this via email as they will have more time to answer your questions and won’t be interrupted.
Online forms are secure and there is no risk of miscommunications or misunderstandings (except if they’re using Google Docs, which can cause problems).
You can either email the link or put it on your site. Then you can see how many people filled out the form.
This is a great way to get information about potential customers. It allows you to ask questions such as “How long have they been in business?” What experience does the person have with _______? “.
This will allow you to determine if there is enough demand for the product or service that the company offers so that others would want it.
These businesses may be too costly for average people to afford or don’t offer enough value to draw new customers.
One of the best things about emailing questions is that you can get multiple answers at once.
If you want to find out how many people are interested in buying your products, it is a good idea to not only send the questionnaire but also post it on social media like Facebook. This will ensure that as many people see it and they share it with their friends.
This will give you a good idea about how many people are interested and what their demographics are (e.g. age, gender, etc.)
Last, I want to say that you should not send an email asking for information unless there is sufficient interest from the public.
You might not get any replies if you haven’t received any response. This could be because no one is interested in your product or service, so why bother sending emails to them? Maybe they don’t want anyone to know who they are or what type of business they own.
If you don’t get any response, it’s a waste of time and money to send an email asking for personal data.
How to Find Qualified Leads?
Marketing to the general public can be very successful if your product or service is targeted at the general population.
It could cost you more if you don’t make an effort to reach potential customers outside your niche market.
Some characteristics are necessary for lead generation campaigns for businesses of any size (including local ones) to be effective and efficient.
These are the characteristics that make you a qualified lead:
1. Before you reached out to them, they have expressed interest in your product/service. This indicates that they weren’t just browsing Google and stumbled upon your website by accident.
They needed to act on something pertinent, whether that was clicking on an advertisement or filling out a form asking for more information about your product.
2. Leads have been actively searching for products similar to yours, i.e. online shopping.
3. It is important to verify their identity and confirm that they are interested in your product. You can’t ask them to send you a $10,000 check just because they say they are interested.
4. Leads must have the funds and credit to purchase the products or services they offer.
5. You will need an email address and, ideally, a telephone number. Prospects who do not use spam filters will be preferred.
They may not be able to find their email addresses when they search through search engines such as Google AdWords and Facebook Ads.
6. Leads must have the means to reach you. This means they must have access to your email address or can find out how to contact you via your website, social media profiles, etc.
7. Prospective customers can access more information from your computer, and not over the phone if they are interested in what you have to offer.
Example: Let’s suppose I create an ebook on increasing productivity at work (a topic that many people are interested in).
My goal is for anyone interested in my product, to be able to find me online and then read this e-book.
If they need more information, I would like them to have an email address to contact me or sign up for a trial of my ebook (if one is available).