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Slay Social Media 2018 Survival Kit

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Lead generation is the method of getting inquiries from potential customers. In the old pre-<br />

Internet days of sales, lead generation occurred at places like trade shows – visitors to a<br />

company's booth would fill out a card with their contact information and turn it in to receive<br />

a call back from that company's sales team. Since the rise of the Internet, many businesses<br />

use their websites as a lead generation option.<br />

Leads may come from various sources or activities, for example, digitally via the Internet,<br />

through personal referrals, through telephone calls either by the company or telemarketers,<br />

through advertisements, and events. A 2015 study found that 89% of respondents cited email<br />

as the most-used channel for generating leads, followed by content marketing, search<br />

engine, and finally events. [2] A study from 2014 found that direct traffic, search engines, and<br />

web referrals were the three most popular online channels for lead generation, accounting<br />

for 93% of leads. [3]<br />

Because lead generation is the first step of the sales process, both quality and quantity are<br />

important factors. Quality leads are leads that a salesperson has a good chance of closing,<br />

which means they must at least have the potential to become customers. Every lead list will<br />

have a number of junk leads – people who are not qualified to buy the product for some<br />

reason – but the smaller the percentage of bad leads, the less time salespeople will waste<br />

while processing that list. Quantity is also important because even a salesperson with a list of<br />

100% good leads won't be able to close every one of them.<br />

SALES FUNNEL<br />

Everyone who has an online business needs to create a sales funnel in order to convert his<br />

website visitors into paying customers.<br />

If you fail to do that, you will hardly make any money.<br />

Your primary goal with your sales funnel is to move people from one stage to another until they<br />

are ready to purchase.<br />

Understanding the Sales Funnel Stages<br />

From the first time your prospect hears about you until the moment he buys from you, he passes<br />

through different stages of your sales funnel.<br />

This journey might differ from one prospect to the next depending on your buying personas,<br />

your niche and the types of products and services you sell.<br />

So, you can design your sales funnel with as many stages as you want.<br />

But, in general, these are the four main ones that you need to pay attention to:<br />

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