When creating a new online marketing strategy, making a list of goals you hope to accomplish is a smart move. The more you know about what you want to accomplish with an online marketing campaign, the easier it will be to create the various components it has. For most business owners, increasing the number of leads their websites generate is a top marketing goal.
Over 72% of business owners feel like content marketing is the best way to improve consumer engagement and create more sales leads. Lead quality and quantity are two components you need to focus on when creating a marketing strategy. Here are some things you need to do to strike the right balance between lead quantity and quality.
Important Information About Lead Quality And Lead Quantity
If a potential customer shows interest in buying the products/services your business offers, they are considered a quality lead. This intent to purchase your products can be measured by a consumer’s online behaviors and interactions with your brand. Most business owners use a process called lead scoring to measure the quality of the sales leads they receive.
This scoring process estimates the perceived value a potential customer has to the business in question. When it comes to online sales leads, more doesn’t always mean better. High lead quantity with limited conversion can lead to a number of marketing resources being wasted. This is why striking the right balance between lead quality and quantity is so important to the long-term success of your small business.
How To Find the Right Balance
Before you implement a new marketing campaign, you need to have a system in place for managing leads. If you want to strike the right balance between lead quality and quantity, then you need to consider some of the following tips.
Understand a Consumer’s Content Journey
When producing content for your target audience, you need to take them on a journey. The end goal of this journey should be getting these consumers to buy your products/services. The stages of a customer’s content journey should be:
- Landing Page Content- This content should be created to drive traffic to your website. Landing pages should feature non-gated content aimed at providing the reader with tips or information about your products/services.
- Nurturing Content- Gated content is a great way to create awareness about your business. Consumers will have to provide contact information to unlock this content. Using this contact information to reach out to consumers that have shown interest in your products/services can be helpful.
- Conversion Content- The last step of a consumer’s content journey should be the conversion phase. The content in this stage should be designed to encourage the reader to take action.
Collect Data and Analyze It
Another important component of a successful lead generation campaign is the collection of data. By collecting data from the people who visit your website, you can better understand what parts of your marketing strategy is working. By optimizing your marketing campaigns with this data, you can strike a balance between lead quality and quantity.
Now that you know more about balancing lead quality and quantity, it is time to get to work.