Where to Find B2B Sales Leads
The need for fresh sales leads gives a recurring headache to B2B companies and the competition for prospects is only going to get fiercer. The key to success is to constantly supplement your existing lead generation efforts with new sources. A well-crafted lead plan will allow you to get the bulk of your leads from old reliable programs while you set aside 5-10 percent of the budget to test new sources. Over the next three weeks I’ll give you a couple of dozen lead generation sources to consider. Let’s start with direct marketing methods.
Email Marketing – Email works well, assuming you have a qualified list of opt-in subscribers. This can either be a house list or lists that you rent or purchase from an external source.
Direct Mail – We don’t do a lot of direct mail for our Fusion Marketing Partners clients because it is slow and fairly expensive. However, there are instances where you don’t have email addresses — only physical addresses. In this case, definitely give direct mail a try.
Telemarketing – Phone numbers are hard to come by for the B2B audience, but telephone lead generation can be effective, particularly if you combine it with email, direct mail or event marketing. There are outsource providers who are effective at lead generation, either on an hourly or results basis (e.g. pay-per-lead or pay-per-appointment).
Referral – This is an often-overlooked lead source. There are many ways to get referral leads but the most important principle is that you have to ask. You can ask your customers, partners and prospects.
Partner Marketing – Partner marketing can be a very good, cost-effective source of leads. The subject is important enough that we have devoted a separate chapter to partner marketing in this book.
List Swaps – There are usually complementary companies in your space that need new sources of leads as much as you do. You can work a deal with these companies to swap a certain number of prospect names and contact information. Even better is to have each company send a promotion to its own list on behalf of the other company.
Newsletter – Associations and trade groups often publish a monthly newsletter, offering a “piggyback” opportunity that you can access either by buying an ad in the newsletter or sending a separate email to the newsletter subscription list.
Print and Broadcast Media – This category includes print advertising, radio advertising and television advertising. Although they are effective at building awareness, these media are often expensive when it comes to B2B lead generation. Be very careful not to spend too much of your budget on print or broadcast media until you have proven and repeatable results.
I’ll cover more lead sources in the next couple of posts.
- Pricing to Win in B2B: The Mindset to Achieve More Revenue and Profit - April 13, 2021
- Pay-to-Play Marketing Opportunities: Should You Play or Pass? - March 29, 2021
- Why a Compelling Digital Presence Speeds B2B Revenue Success - February 22, 2021