how to handle your saless team's objections on lead quality
TRANSCRIPT
How to Handle
Your Sales
Team’s
Objections on
Lead Quality
What’s Covered
1. Why Sales & Marketing Don’t Get Along
2. Defining an MQL
3. Common Concerns & Pitfalls on Lead Quality & Quantity
4. Decoding Objections from Sales
5. Measuring Lead Quality
6. Tactics for Increasing Lead Volume
Why Sales & Marketing Don’t Get Along
Why Sales & Marketing Don’t Get Along
Lead generation and nurturing takes dedicated time and effort.
But salespeople want leads now, and they (naturally) want to work with
prospects & opportunities most likely to close now.
Marketers think in terms of aggregate customers; sales people think in
terms of individual customers.
Marketing may say things like “We work hard to and generated good leads
for sales, but they didn’t follow up.”
Sales may say “Marketing’s leads aren’t worth my time; the last lead they
gave us was for a business that shut down two years ago”.
Defining a Marketing Qualified Lead
Our MQL Definition1. Demographic
2. Behavioral
Regression Analysis 1. Who has turned into won deals &
revenue?
2. What characteristics differentiate
good vs bad leads?
Common Lead Quality Concerns
1. Do I have the right job
title?
2. Is this lead ready to buy
now?
3. Is this lead a good fit
based on budget, size &
industry?
Common Lead Quantity Pitfalls
1. The undistributed lead
gen programs
2. Getting too specific with
MQL definition
3. Diminishing returns with
CTAs
Decoding Objections
When I hear _______, I translate _______.
“The leads aren’t responding to me.”
“These leads just don’t convert.”
“We can’t sell to this industry.”
“This person is not the right contact.”
“This person isn’t interested in our solution.”
“This person is not in our market.”
Decoding Objections
“The leads aren’t
responding to me.”
“These leads just don’t
convert.”
“We can’t sell to this
industry.”
“Leads need more nurturing.”
“They need more specific
assets/talk tracks.”
“We haven’t yet sold to this
industry, let’s find a similar
case study.”
Decoding Objections
“This person is not the right contact.”
“This person isn’t interested in our solution.”
“This person is not in our market.”
“Data about the lead is just wrong”.
“We need more targeted campaigns.”
“Our behavioral lead scoring model is wrong.”
“Our demographic lead scoring model is
wrong.”
“We need to turn off this data source.”
Measuring Lead Quality
Core Metrics:
1. Contact rates
2. Opportunity rates
3. Close rates
4. Average selling price
Tactics for Increasing Lead Volume
1. …But not at the expense of quality!
2. Analyze your database
a. Find a new segment that has potential to convert & batch over to sales
b. Quick win campaigns – what CTA right now will have the most impact, regardless of lead stage?
3. CPL programs to buy new leads as an “injection”
Want to learn more?
Check out the on-demand webinar on this topic: http://bit.ly/2ld9OsD
Visit our website: www.Socedo.com