{"id":23071,"date":"2019-11-01T11:10:02","date_gmt":"2019-11-01T18:10:02","guid":{"rendered":"https:\/\/www.nimble.com\/blog\/?p=23071"},"modified":"2024-06-18T03:09:04","modified_gmt":"2024-06-18T10:09:04","slug":"lead-generating-and-management","status":"publish","type":"post","link":"https:\/\/www.nimble.com\/blog\/lead-generating-and-management\/","title":{"rendered":"Lead vs Prospect: Lead Generating and Management"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">\u00a0Any salesperson at some point gets the feeling that the market is out of companies and people to sell the product to. As though nothing can be done to get new customers &#8211; and this is where lead generation comes in.<\/span><\/p>\n<p><!--more--><\/p>\n<h2><span style=\"font-weight: 400;\">What Is the Lead in Sales<\/span><span style=\"font-weight: 400;\">?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The <\/span><span style=\"font-weight: 400;\">sales lead definition<\/span><span style=\"font-weight: 400;\"> is as follows: a sales lead is a business or person who can finally become a buyer. In short, it is a potential consumer of your service\/product. Lead generation is always the first step of any sales funnel.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Prospect vs Lead<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">You can easily get tangled up trying to figure out if it is a prospect or a lead in front of you. There is a difference: in any sales process, you generate leads first, then turn them into prospects and then continue moving them throughout your sales funnel. A prospect is a potential customer who fits certain criteria. <\/span><\/p>\n<p><strong>For example, a prospect:<\/strong><\/p>\n<ul>\n<li style=\"font-weight: 400;\">belongs to your target group;<\/li>\n<li style=\"font-weight: 400;\">can make buying decisions;<\/li>\n<li style=\"font-weight: 400;\">has an opportunity to buy.<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Any prospect is a lead, but not every lead can become a prospect.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">The Importance of Lead Generation<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Instead of waiting for a customer to find your website and buy your product or service, you can initiate a sales funnel by yourself. Lead generation allows you to control the number of clients and gives you predictive and stable sales growth.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Now let\u2019s deepen our understanding of lead generation.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">What Kinds of Leads Exist?\u00a0<\/span><\/h2>\n<h3><span style=\"font-weight: 400;\">Suspect<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Before qualifying a person as a lead or prospect, you may have to deal with a huge number of suspects. A suspect is any human being on Earth who could theoretically buy your product\/business, and you don\u2019t even know if they are interested in your offer. They can be involved in the sales conversation but not showing any intention or interest in purchasing.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Hot, Warm, and Cold Leads<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">How can we identify warm, hot or cold leads? By applying the BANT lead qualifying system:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">B &#8211; budget: mean that the lead has the money and is ready to run business;<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">A &#8211; authority: the contact person has the right to decide if they are buying or not;<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">N &#8211; need: the lead is in need of your product\/service;<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">T &#8211; time frame: the indicated period of time from getting in touch with the lead to closing a deal.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Hot leads match all these criteria. Warm leads usually miss one or two criteria. And cold leads have two or even three dis-qualifiers, so you need to use effort to turn them into a warm or hot lead and close the deal.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Marketing qualified lead<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">A marketing qualified lead (MQL), also referred to as a warm lead, becomes a lead just because of your marketing strategy. The client saw your advertisement, read your blog, attended your webinar, etc. They were searching for a solution to their problem and found out about your product or service due to any marketing tool. Then they googled the information about you, and voila! You have a marketing qualified lead! Congratulations!<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Sales accepted lead\u00a0<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Also called a Sales Ready Lead (SRL), this is a prospect who requested a negotiation and wants to proceed as a buyer.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Sales qualified lead<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">An SQL is an MQL that reaches the decision stage after getting consultations, demos, and trials. The fastest and most successful sales funnels are with sales qualified leads.<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-23072\" src=\"https:\/\/landingstorageaccnmbl.blob.core.windows.net\/wplandingnmbl\/2019\/11\/black-friday-buy-credit-card-34577-2.jpg\" alt=\"lead management\" width=\"670\" height=\"447\" \/><\/p>\n<h2><span style=\"font-weight: 400;\">The Best Ways of Lead Generation<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Now we need to talk about <\/span><span style=\"font-weight: 400;\">lead generation strategies<\/span><span style=\"font-weight: 400;\">. There are many good ways to generate a lead:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">writing for a blog, commenting on other blogs;<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">revisiting past or lost opportunities;<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">getting referrals from existing clients;<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">active use of social networks to find prospects (Linkedin especially is a great network for lead generation);<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">using success stories of sales funnels to attract more customers;<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">creating great calls to action, offers, landing pages.<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">Marketing<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">To get those Marketing Qualified Leads, we need to implement a strong marketing strategy to generate leads. Here are some great marketing tactics:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Use Google Ads;<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Send direct emails to potential clients;<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Catch leads through website forms;<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Use your email lists;<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Don\u2019t hesitate to get in touch with your potential leads on social networks.<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">SEO<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">There is another powerful weapon of l<\/span><span style=\"font-weight: 400;\">ead generation in sales:<\/span><span style=\"font-weight: 400;\"> SEO, or Search Engine Optimization. Did you know that more than 50% of customers search for business solutions using Google? This makes SEO a really compelling tool for getting prospects.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here are some tips on lead generation using SEO:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">First, you need to get a strong understanding of customer\u2019s intent;<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Attempt to use long-tail keywords;<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Create impressive meta descriptions;<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Optimize for <a href=\"https:\/\/www.nimble.com\/mobile-crm\/\">mobile<\/a> users;<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">SEO your landing pages.<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400;\">Lead Generation Sources\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">If you are looking for specific places to generate leads, start with these:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Linkedin: the major lead generating source is 277% more effective than any other social network sources.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Lead generation tools: you can use such tools as Capterra, which is used by 37% of marketers to generate leads. <\/span><a href=\"https:\/\/www.nimble.com\/\"><span style=\"font-weight: 400;\">Nimble CRM <\/span><\/a><span style=\"font-weight: 400;\">includes a great prospector tool to help you generate leads and qualify them into prospects.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Quora: it works when you create a profile with a link to your website and actively answer questions. You bring attention to yourself and show yourself as a good specialist. People get to know about you and your company and come to be your leads. Very simple.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Website: this is the best and the most obvious way to generate prospects who are interested in your offer.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Slideshare: collaborating with Linkedin, it has become a great source of leads.<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400;\">Sales Lead Management<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">If you have a lack of lead nurturing, no insight into leads\u2019 activities, no initial lead qualification, lack of visibility, lost follow-ups &#8211; you definitely need to know how to organize your lead management in a proper way.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The lead management process has five stages:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\"><strong>Lead capturing:<\/strong> get all lead information from chats, mail, web forms into a system to prevent them from being lost.<\/span><\/li>\n<li style=\"font-weight: 400;\"><strong>Lead tracking and enrichment: <\/strong><span style=\"font-weight: 400;\">sales lead management software <\/span><span style=\"font-weight: 400;\">tracks all publicly available information, activities on the websites, downloads, and email engagements. Thus, you can understand their needs, interests and character traits to personalize all your sales efforts.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\"><strong>Lead qualification:<\/strong> on the basis of all the information you get from a l<\/span><span style=\"font-weight: 400;\">ead management system,<\/span><span style=\"font-weight: 400;\"> you can divide the sales into qualified and unqualified.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\"><strong>Lead distribution<\/strong>: a good lead management system is able to automatically assign leads to sales reps.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\"><strong>Lead nurturing:<\/strong> you can nurture interest in your leads if they are not completely sure in their buying decision.\u00a0<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400;\">Lead Qualifying<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Qualifying a lead is a process of identifying if the prospect fits all \u201cideal customer\u201d criteria, has a high chance to become and stay your customer for a long time. The best way to do this is by using the BANT technique mentioned above.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">CRM for Lead Management<\/span><\/h2>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/www.nimble.com\/crm-software\/crm-for-remodelers-and-builders\/\">Customer Relationship Management<\/a>, or CRM, is the best way to organize your sales lead management. <\/span><a href=\"https:\/\/www.nimble.com\/\"><span style=\"font-weight: 400;\">Nimble<\/span><\/a><span style=\"font-weight: 400;\"> is a simple and smart <a href=\"https:\/\/www.nimble.com\/\">CRM system<\/a> that works for you. You can update contacts, access company, and contact insights and manage a deal right from within your existing workflow.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Nimble will help you to build relationships, not spreadsheets. It saves you time by automatically building your contacts. Using Nimble, you get an opportunity to prospect smarter and faster. Try <a href=\"https:\/\/www.nimble.com\/blog\/be-a-nimble-prospector-on-twitter\/\" target=\"_blank\" rel=\"noopener\">Nimble Prospector<\/a> while on any social site, a cloud application or website to enrich and create contact records. Prospector captures information such as phone number, email, company, job, title, name, and location.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Nimble allows you to turn conversations into connections, engage in a personal way, keep contacts up to date, reach out easily with measurable results.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Conclusion<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">An efficiently organized process of lead generation and management will bring your business to success, so don\u2019t\u00a0neglect it. Have issues in lead generation and management? Use <a href=\"https:\/\/www.nimble.com\/\" target=\"_blank\" rel=\"noopener\">Nimble<\/a>!<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0Any salesperson at some point gets the feeling that the market is out of companies and people to sell the product to. As though nothing can be done to get new customers &#8211; and this is where lead generation comes [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":23073,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[40],"tags":[],"class_list":["post-23071","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sales-2"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Ultimate Guide to Lead Management and Generation<\/title>\n<meta name=\"description\" content=\"A lead is a business\/person who can be turned into a prospect and become your customer. 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