According to HubSpot, the average email list loses about 25 percent of its active contacts over the course of a typical year. That's an unacceptable loss rate. Fortunately, it's easy to counteract.
Here's how to re-engage dormant contacts and nudge them back into your sales funnel:
Lead scoring basically defines the quality of your company's leads. It's a great way to quickly visualize your prospect population and determine the best way to allocate marketing resources across it.
The best lead scores use a wide mix of factors, including demographic information, motivations, interest level, actions taken and more. Each bit of information is assigned a numerical value that indicates its quality. Taken together, these values produce a lead score.
To set your sales team up for success, you need to determine a cutoff score. Above this level, leads are considered "sales-ready." Below this level, they require more nurturing. Pass sales-ready leads along to your sales team and assign non-ready leads to the lead nurturing workflow described below.
Creating a lead nurturing workflow is a multi-step process. Here are the basic sequence of events that get you from point A to point B:
Sales-centric inbound marketing relies on a keen understanding of the sales lifecycle. Accordingly, you need to segment all of your prospects, leads and customers into different lifecycle stages. Knowing where each of your prospects stand at any given time provides valuable visibility into your lead nurturing operation and ensures that you don't let any leads fall through the cracks.
Inbound marketers generally assign prospects to one of eight lifecycle stages:
Inbound marketing's "secret sauce" is a robust program of upselling and cross-selling that takes place during the latter stages of the sales cycle.
To launch your upselling and cross-selling operation, you need to identify your existing customers and sales-qualified leads. Determine the products or services for which they'd be most receptive to upselling and cross-selling overtures. Create and automate an email- and phone-centric operation that nudges them to squeeze more value from their relationship with your organization and add more value to your bottom line.
These inbound marketing tactics are effective tools in virtually any company's marketing arsenal. If you rely heavily on an internal sales force to close deals with prospects, you're sure to find them valuable and potentially lucrative.
However, there are plenty of other inbound marketing tips you can learn about by downloading the free report “The State of Inbound Marketing 2015.” You just have to figure out which ones make the most sense in your specific situation and devote your limited marketing resources appropriately.
If you need assistance, we're happy to help. Give us a call or contact us online at your convenience!