Lead enrichment refers
to the following-up of a lead in order to understand a potential client better.
Basically, a lead is a potential sales contact and can be anything such as a
person, a company or an institutional entity. The main reason for lead
enrichment is to help you find out how your product or service meets the
requirements of your lead.
Getting a potential
client to become interested in what you have to offer is an important step towards
lead generation. It’s a procedure called lead data enrichment.
Immediately a lead
shows interest, your job is to convince them that your product or service is
the best choice for them. To do this perfectly, you must enrich lead data by
finding out the technology choices, lifestyle and personal preferences of your
lead.
Lead Enrichment |
Why Lead Enrichment?
Lead enrichment focuses
on finding out what controls the buyer’s decision to buy. Any outcome the lead
generates must then be followed by intelligent strategies.
Here are some reasons
why marketers should enrich lead data:
·
Better
Segmentation and Targeting: Having true knowledge of the likes and dislikes of your leads based on hardcore data
points will aid you in carrying out a detailed segmenting of your target
population, by using autonomous targeting tool.
·
Lead
Automation: Your leads are
always kept relevant and updated due to auto-updating.
·
More
Customized Marketing Communication: It is now easier to communicate in a personalized manner
with potential clients due to better segmentation. You can now try to resolve
your client’s specific needs using well-crafted multi-channel marketing content
through emails, personal conversation, and other marketing collaterals.
·
Passive
Lead Generation: When you find
out more about an existing lead, you might get the chance to discover other
leads that are similar to the first one.
·
Better Sales
Efficiency: The aforementioned reasons will equip your salesperson
with real insights and tools to sell effectively. Automation is important to
lead data enrichment because it reduces the amount of time a salesperson spends
on pre-sale activities.
How to embark on the
Lead Generation journey?
To get the best
results, you should try to come up with a well-researched lead enrichment
strategy, right from data-builds to investing in the right lead enrichment
tool:
·
Build
Data: Lead enrichment
involves the use of so many customer relationship management and
data mining tools so you can be able to extract more information about your
prospects without much stress. You really need data in order to convert more
leads to deals. This data will also give you an in-depth knowledge of your
leads.
·
Device
Suitable Systems And Workflows: You should know that learning about your audience is a
never-ending process. It is almost impossible to scourge multiple sources
manually to get enough data. So, you must create or buy the enrichment
tool that suits you the most, to help you do all the tedious data-work
effectively.
·
Integrate
With Other Systems: To get the best
of lead enrichment, there has to be continuous extraction from many sources. If
you integrate your lead data enrichment tools with your autonomous marketing and sales, it will result to an automated data enrichment process.
·
Establish
Multiple Communication Channels: Make sure you follow lead enrichment with real action like
customized interactions to ensure continuous lead engagement. Get all the
valuable information and use it to your advantage when you have a conversation
with your prospects, face to face or via email.
·
Real-Life
Action: This is the most
important aspect. Make sure that all the intelligence you’ve gathered through
data enrichment is put into action. To do this right, you will need to work
with a trained team who will follow up on these enriched leads.
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