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5 Effective Lead Generation Strategies For Business Growth

Author:

Carmen Spencer

If attention is the critical currency of business, lead generation is your strategy to monopolise it. Winning over new clients to grow and make bank takes a deliberate approach to acquisition. Those businesses that nail it can see up to 174% higher revenue growth than competitors. In this insight, we'll show you five of the most efficient strategies the best-performing brands in Australia are using to generate sales-qualified leads at mass right now.

This is not a basic AF version where we tell you to build a website. It's five hard and fast lessons on lead generation that detail the tools you need to exceed long-term goals. Follow them and gain the competitive advantage to maximise ROI, grow your client base and ramp up your bottom line.

WARNING. Before continuing, these strategies require an understanding of your audience and the needs your business fulfils for them. If you need help with this or any of the strategies detailed below, drop us a line here.

If attention is the critical currency of business, lead generation is your strategy to monopolise it. Winning over new clients to grow and make bank takes a deliberate approach to acquisition. Those businesses that nail it can see up to 174% higher revenue growth than competitors. In this insight, we'll show you five of the most efficient strategies the best-performing brands in Australia are using to generate sales-qualified leads at mass right now.

This is not a basic AF version where we tell you to build a website. It's five hard and fast lessons on lead generation that detail the tools you need to exceed long-term goals. Follow them and gain the competitive advantage to maximise ROI, grow your client base and ramp up your bottom line.

WARNING. Before continuing, these strategies require an understanding of your audience and the needs your business fulfils for them. If you need help with this or any of the strategies detailed below, drop us a line here.

1. Make It Easy For Clients To Find You.

Your audience is absorbing information from a multitude of channels every day. If you rely on a single channel alone, you're selling yourself short.

Many brands miss out on countless leads because they lack a digital presence where their audience hangs out. Don't put all your eggs in one basket. Diversify your ad spend to drive brand awareness and recall with potential leads.

Here's what your top-of-funnel (TOF) lead pipeline should look like.

1. Google Search ads: when your audience actively searches for your service, you should be the top result.

2. Google Display ads: position your brand as trustworthy alongside relevant websites, apps and more.

3. Meta ads (Instagram & Facebook): show up in your audience's social media feed with valuable content and active engagement to generate demand.

4. YouTube ads: maximise brand visibility and target niche interests by serving ads on your audience's favourite channels.

5. Connected TV programmatic ads: gain the credibility of traditional TV by targeting unique third-party audiences with branded ads alongside streaming content.

6. Native programmatic ads: capitalise on the authority of other websites (such as Newscorp) to drive website traffic and conversions.

7. Audio ads: cut through the noise and engage with listeners while listening to music, podcasts and playing digital radio.

The key to success across each of these channels is targeting and optimisation. A high-performing TOF strategy will serve the right messaging to the right audience to reduce budget wastage and increase returns.

2. Rank On Google As The No. 1 Expert.

Drive visitors to your website to generate and nurture leads with a targeted organic and paid content strategy. This full-circle performance marketing approach stretches every dollar to generate leads and returns.

Investing in a content strategy has two benefits. It guides leads through the funnel by positioning your brand as the expert. Plus, it supports Google Search ad success by increasing website traffic and relevancy score (thanks to the inclusion of targeted keywords). Here's how it works.

Step one: Generate High-Performing Content

To be number one on Google, you need to generate the content your audience is searching for. Start by building a foundation of high-quality website content based on Search Engine Optimisation (SEO) tactics.

We cover the basics of SEO keyword research, search intent, and determining content topics in this article.

Once you've landed on a target keyword and topic list, create a content schedule that reflects the needs and motivations of your audience at every stage of the lead funnel. For TOF or MOF, think blog posts with guides or checklists. To encourage conversion at BOF, information-rich case studies are a great option.

Remember, the immediate goal is driving visitors to your website. The long game increases brand value and positions your business as the expert.

Step two: Leverage Content To Drive Engagement And Prospect Audiences

Share your content everywhere. Post it on social media to reengage existing audiences. Promote it with paid social media ads and back it with native programmatic advertising to prospect new audiences.

Native ads offer instant brand credibility by displaying your content in an editorial-style format that reflects the website the ad is hosted on. 75% of consumers trust the content of native ads, and customers are four times more likely to engage with a native ad than a conventional display ad (banner ad). Programmatic advertising also offers access to new, unique third-party audiences you won't find elsewhere.

Targeted content is your superpower. Use it to your advantage to accelerate audience reach and drive prospective leads to your website.

Step three: Optimise your website for conversions.

You've got your audience's attention. Capitalise on the opportunity by optimising each page for leads. Ensure your lead capture method is simple and straightforward, with only the essential qualifying questions. Don't overcomplicate it. This is the crucial step that can make or break your lead flow.

Step four: Lead nurturing with EDM content strategy.

A lead nurturing sequence is essential for any business. It keeps your audience engaged by reminding them of your value. Showcase your high-performing content in these EDMs to push leads from consideration to conversion. With it, website traffic will increase and drive higher compounding returns over time.

Case Study

We recently introduced native advertising for a service-based business with a high customer value and long-buying process. The strategy targeted its audience by pushing high-performing content to premium placement native ads on a selection of news and industry websites. The result has seen a significant lift across the top-of-funnel. In-market audiences were captured in a lead-nurturing EDM sequence, inviting further engagement through content and other lead generation tactics.

3. Remarketing: Remind Them Of Your Value.

A remarketing strategy allows you to target the audiences exposed to your brand and reinforce why they should do business with you. These audiences have engaged with your brand across any digital platform - socials, website, Google ads, Meta ads, programmatic ads - or are in your CRM database.

Basic remarketing lead generation campaigns target existing audiences within an isolated platform. But, the real lead generation magic happens when audience data is leveraged across multiple channels to optimise ads for performance.

Imagine you are a vendor at an industry event expected to be attended by hundreds of prospective leads. Digital marketers can geotag the event location to build an audience of attendees. This list can then form a remarketing audience for Google Display, Meta, and Connected TV programmatic ads.

Or, you are running a brand awareness marketing campaign through Connected TV programmatic ads. Digital marketers can extract everyone who has watched your ad (video views) to create a remarketing audience on Meta.

Based on their engagement, we know middle-of-funnel remarketing audiences have some understanding of your business and can be introduced to more selling points in this round of ads. Think reviews, years in the industry, team experience – your value. What sets you apart, and what leads need to know before they convert.

Remarketing strategies enable brands to drive ongoing engagement and unlock the potential to convert more leads from audiences at the consideration stage of the funnel.

4. Conversion Rate Optimisation To Qualify & Close.

Businesses with lead flow problems often fall into two categories. They're discouraging conversions due to too many hurdles. Or are inundated with unqualified leads due to a lack of information.

Make it easy for clients to do business with you. Maximise the effectiveness of your website with conversion rate optimisation (CRO). 

Here are some of CRO must-haves:

• Call to action in top navigation – book now, call now, contact us, request a proposal or a combination of these.

• Call to action at the bottom of every page with a booking/contact form or a link to one.

• Contact details are easy to find – don't make them search for them.

• Clear information on how you can help your clients.

• Clear information on how to do business with you, such as the booking process or fees. 

Lead Capture.

Don't overcomplicate your lead capture. Find the sweet spot between asking qualifying questions and not setting too many barriers by understanding your conversion metrics. If you see a drop in website conversions, refine this form until you get it right. If clients are dealing with sensitive situations, they may be more likely to pick up the phone. Know your customer journey and provide everything they need upfront. 

Hot Tip: Monitor Website Behaviour.

Struggling to work out the disconnect between getting people to your website and converting? Don't guess what your customers are doing. Use a website behaviour-tracking software like HotJar to spy on how people use your site. This can induce many "Ah-ha" moments, informing how small changes can increase the conversion rate.

A recording of a user on our website using HotJar.

Case Study.

For example, we recently launched a new website and Google Ads strategy for a client with a high client retention rate. Our goal was to generate new client leads. We noticed website traffic was high but dropped off at the booking form. After a simple review of the lead capture form, new client conversions rose by 54% in 60 days, translating to the highest monthly revenue in seven years of operation. 

Create Urgency With Digital Ads.

With your website optimised, use digital advertising to drive bottom-of-funnel conversions. Target highly engaged, high-intent audiences across Meta and Google Display ads, such as the most recent website visitors or those that had engaged with an offer (but didn't convert). Use these ad channels to create urgency with a clear direction of what you want the audience to do, such as book a free consultation.

This is when your hard work at TOF and MOF delivers highly qualified leads to convert. Get it right at every step to increase the volume of sales-qualified leads and scale. 

5. B2B Lead Generation With Referral Partnerships.

The oldest lead generation method in the book. Building a referral network of businesses could form the bread and butter of your client base.

Find your network by creating relationships with the services that run in parallel or complement yours. If you're unsure where to start, consider where your business comes from. For example, a specialist medical service seeks referrals from GPs, a wills and estates legal firm can seek referrals from financial planners, or a SAAS brand can seek referrals from existing clients.

It's a two-way partnership. You're fulfilling a need for the referee's client, and they know their client is in good hands. Make sure every business in your network aligns with your brand value and positioning so you are referred to the type of lead you want.

Hand-pick the referring business and nurture them like they're a lead themselves.

Bonus: Work Out What A Lead Is Worth To You.

Understanding what a lead is worth before starting any lead generation strategy will put the cost per lead into perspective. Here's how to calculate your lead value.

First, determine how much the average converted/paying client is worth. 

Client Value = $2500

Second, determine your average conversion rate from enquiry to paying customer. Let's say you get 100 leads a month, and 10 become paying customers. 

Conversion Rate = 10 / 100 (converted / enquiries) = 10%

Lastly, calculate the conversion rate x client value to determine how much each lead is worth to your business.

What each lead is worth = 0.10 x $2500 = $250

For example, due to the nature of your service, a Google Search audience size may be small but high intent. Due to this, the CPC (cost-per-click) on target keywords may seem high. Knowing your lead worth will help you understand if the investment per lead is proportional to client value.

Final Thoughts.

A high-converting lead generation strategy is continually optimised to respond to audience and market demands. Don't let yours get stale and risk leaving leads behind for your competitors to pick up. Gear your lead funnel for performance to convert, scale and get on the path to exponential growth.

1. Make It Easy For Clients To Find You.

Your audience is absorbing information from a multitude of channels every day. If you rely on a single channel alone, you're selling yourself short.

Many brands miss out on countless leads because they lack a digital presence where their audience hangs out. Don't put all your eggs in one basket. Diversify your ad spend to drive brand awareness and recall with potential leads.

Here's what your top-of-funnel (TOF) lead pipeline should look like.

1. Google Search ads: when your audience actively searches for your service, you should be the top result.

2. Google Display ads: position your brand as trustworthy alongside relevant websites, apps and more.

3. Meta ads (Instagram & Facebook): show up in your audience's social media feed with valuable content and active engagement to generate demand.

4. YouTube ads: maximise brand visibility and target niche interests by serving ads on your audience's favourite channels.

5. Connected TV programmatic ads: gain the credibility of traditional TV by targeting unique third-party audiences with branded ads alongside streaming content.

6. Native programmatic ads: capitalise on the authority of other websites (such as Newscorp) to drive website traffic and conversions.

7. Audio ads: cut through the noise and engage with listeners while listening to music, podcasts and playing digital radio.

The key to success across each of these channels is targeting and optimisation. A high-performing TOF strategy will serve the right messaging to the right audience to reduce budget wastage and increase returns.

2. Rank On Google As The No. 1 Expert.

Drive visitors to your website to generate and nurture leads with a targeted organic and paid content strategy. This full-circle performance marketing approach stretches every dollar to generate leads and returns.

Investing in a content strategy has two benefits. It guides leads through the funnel by positioning your brand as the expert. Plus, it supports Google Search ad success by increasing website traffic and relevancy score (thanks to the inclusion of targeted keywords). Here's how it works.

Step one: Generate High-Performing Content

To be number one on Google, you need to generate the content your audience is searching for. Start by building a foundation of high-quality website content based on Search Engine Optimisation (SEO) tactics.

We cover the basics of SEO keyword research, search intent, and determining content topics in this article.

Once you've landed on a target keyword and topic list, create a content schedule that reflects the needs and motivations of your audience at every stage of the lead funnel. For TOF or MOF, think blog posts with guides or checklists. To encourage conversion at BOF, information-rich case studies are a great option.

Remember, the immediate goal is driving visitors to your website. The long game increases brand value and positions your business as the expert.

Step two: Leverage Content To Drive Engagement And Prospect Audiences

Share your content everywhere. Post it on social media to reengage existing audiences. Promote it with paid social media ads and back it with native programmatic advertising to prospect new audiences.

Native ads offer instant brand credibility by displaying your content in an editorial-style format that reflects the website the ad is hosted on. 75% of consumers trust the content of native ads, and customers are four times more likely to engage with a native ad than a conventional display ad (banner ad). Programmatic advertising also offers access to new, unique third-party audiences you won't find elsewhere.

Targeted content is your superpower. Use it to your advantage to accelerate audience reach and drive prospective leads to your website.

Step three: Optimise your website for conversions.

You've got your audience's attention. Capitalise on the opportunity by optimising each page for leads. Ensure your lead capture method is simple and straightforward, with only the essential qualifying questions. Don't overcomplicate it. This is the crucial step that can make or break your lead flow.

Step four: Lead nurturing with EDM content strategy.

A lead nurturing sequence is essential for any business. It keeps your audience engaged by reminding them of your value. Showcase your high-performing content in these EDMs to push leads from consideration to conversion. With it, website traffic will increase and drive higher compounding returns over time.

Case Study

We recently introduced native advertising for a service-based business with a high customer value and long-buying process. The strategy targeted its audience by pushing high-performing content to premium placement native ads on a selection of news and industry websites. The result has seen a significant lift across the top-of-funnel. In-market audiences were captured in a lead-nurturing EDM sequence, inviting further engagement through content and other lead generation tactics.

3. Remarketing: Remind Them Of Your Value.

A remarketing strategy allows you to target the audiences exposed to your brand and reinforce why they should do business with you. These audiences have engaged with your brand across any digital platform - socials, website, Google ads, Meta ads, programmatic ads - or are in your CRM database.

Basic remarketing lead generation campaigns target existing audiences within an isolated platform. But, the real lead generation magic happens when audience data is leveraged across multiple channels to optimise ads for performance.

Imagine you are a vendor at an industry event expected to be attended by hundreds of prospective leads. Digital marketers can geotag the event location to build an audience of attendees. This list can then form a remarketing audience for Google Display, Meta, and Connected TV programmatic ads.

Or, you are running a brand awareness marketing campaign through Connected TV programmatic ads. Digital marketers can extract everyone who has watched your ad (video views) to create a remarketing audience on Meta.

Based on their engagement, we know middle-of-funnel remarketing audiences have some understanding of your business and can be introduced to more selling points in this round of ads. Think reviews, years in the industry, team experience – your value. What sets you apart, and what leads need to know before they convert.

Remarketing strategies enable brands to drive ongoing engagement and unlock the potential to convert more leads from audiences at the consideration stage of the funnel.

4. Conversion Rate Optimisation To Qualify & Close.

Businesses with lead flow problems often fall into two categories. They're discouraging conversions due to too many hurdles. Or are inundated with unqualified leads due to a lack of information.

Make it easy for clients to do business with you. Maximise the effectiveness of your website with conversion rate optimisation (CRO). 

Here are some of CRO must-haves:

• Call to action in top navigation – book now, call now, contact us, request a proposal or a combination of these.

• Call to action at the bottom of every page with a booking/contact form or a link to one.

• Contact details are easy to find – don't make them search for them.

• Clear information on how you can help your clients.

• Clear information on how to do business with you, such as the booking process or fees. 

Lead Capture.

Don't overcomplicate your lead capture. Find the sweet spot between asking qualifying questions and not setting too many barriers by understanding your conversion metrics. If you see a drop in website conversions, refine this form until you get it right. If clients are dealing with sensitive situations, they may be more likely to pick up the phone. Know your customer journey and provide everything they need upfront. 

Hot Tip: Monitor Website Behaviour.

Struggling to work out the disconnect between getting people to your website and converting? Don't guess what your customers are doing. Use a website behaviour-tracking software like HotJar to spy on how people use your site. This can induce many "Ah-ha" moments, informing how small changes can increase the conversion rate.

A recording of a user on our website using HotJar.

Case Study.

For example, we recently launched a new website and Google Ads strategy for a client with a high client retention rate. Our goal was to generate new client leads. We noticed website traffic was high but dropped off at the booking form. After a simple review of the lead capture form, new client conversions rose by 54% in 60 days, translating to the highest monthly revenue in seven years of operation. 

Create Urgency With Digital Ads.

With your website optimised, use digital advertising to drive bottom-of-funnel conversions. Target highly engaged, high-intent audiences across Meta and Google Display ads, such as the most recent website visitors or those that had engaged with an offer (but didn't convert). Use these ad channels to create urgency with a clear direction of what you want the audience to do, such as book a free consultation.

This is when your hard work at TOF and MOF delivers highly qualified leads to convert. Get it right at every step to increase the volume of sales-qualified leads and scale. 

5. B2B Lead Generation With Referral Partnerships.

The oldest lead generation method in the book. Building a referral network of businesses could form the bread and butter of your client base.

Find your network by creating relationships with the services that run in parallel or complement yours. If you're unsure where to start, consider where your business comes from. For example, a specialist medical service seeks referrals from GPs, a wills and estates legal firm can seek referrals from financial planners, or a SAAS brand can seek referrals from existing clients.

It's a two-way partnership. You're fulfilling a need for the referee's client, and they know their client is in good hands. Make sure every business in your network aligns with your brand value and positioning so you are referred to the type of lead you want.

Hand-pick the referring business and nurture them like they're a lead themselves.

Bonus: Work Out What A Lead Is Worth To You.

Understanding what a lead is worth before starting any lead generation strategy will put the cost per lead into perspective. Here's how to calculate your lead value.

First, determine how much the average converted/paying client is worth. 

Client Value = $2500

Second, determine your average conversion rate from enquiry to paying customer. Let's say you get 100 leads a month, and 10 become paying customers. 

Conversion Rate = 10 / 100 (converted / enquiries) = 10%

Lastly, calculate the conversion rate x client value to determine how much each lead is worth to your business.

What each lead is worth = 0.10 x $2500 = $250

For example, due to the nature of your service, a Google Search audience size may be small but high intent. Due to this, the CPC (cost-per-click) on target keywords may seem high. Knowing your lead worth will help you understand if the investment per lead is proportional to client value.

Final Thoughts.

A high-converting lead generation strategy is continually optimised to respond to audience and market demands. Don't let yours get stale and risk leaving leads behind for your competitors to pick up. Gear your lead funnel for performance to convert, scale and get on the path to exponential growth.

1. Make It Easy For Clients To Find You.

Your audience is absorbing information from a multitude of channels every day. If you rely on a single channel alone, you're selling yourself short.

Many brands miss out on countless leads because they lack a digital presence where their audience hangs out. Don't put all your eggs in one basket. Diversify your ad spend to drive brand awareness and recall with potential leads.

Here's what your top-of-funnel (TOF) lead pipeline should look like.

1. Google Search ads: when your audience actively searches for your service, you should be the top result.

2. Google Display ads: position your brand as trustworthy alongside relevant websites, apps and more.

3. Meta ads (Instagram & Facebook): show up in your audience's social media feed with valuable content and active engagement to generate demand.

4. YouTube ads: maximise brand visibility and target niche interests by serving ads on your audience's favourite channels.

5. Connected TV programmatic ads: gain the credibility of traditional TV by targeting unique third-party audiences with branded ads alongside streaming content.

6. Native programmatic ads: capitalise on the authority of other websites (such as Newscorp) to drive website traffic and conversions.

7. Audio ads: cut through the noise and engage with listeners while listening to music, podcasts and playing digital radio.

The key to success across each of these channels is targeting and optimisation. A high-performing TOF strategy will serve the right messaging to the right audience to reduce budget wastage and increase returns.

2. Rank On Google As The No. 1 Expert.

Drive visitors to your website to generate and nurture leads with a targeted organic and paid content strategy. This full-circle performance marketing approach stretches every dollar to generate leads and returns.

Investing in a content strategy has two benefits. It guides leads through the funnel by positioning your brand as the expert. Plus, it supports Google Search ad success by increasing website traffic and relevancy score (thanks to the inclusion of targeted keywords). Here's how it works.

Step one: Generate High-Performing Content

To be number one on Google, you need to generate the content your audience is searching for. Start by building a foundation of high-quality website content based on Search Engine Optimisation (SEO) tactics.

We cover the basics of SEO keyword research, search intent, and determining content topics in this article.

Once you've landed on a target keyword and topic list, create a content schedule that reflects the needs and motivations of your audience at every stage of the lead funnel. For TOF or MOF, think blog posts with guides or checklists. To encourage conversion at BOF, information-rich case studies are a great option.

Remember, the immediate goal is driving visitors to your website. The long game increases brand value and positions your business as the expert.

Step two: Leverage Content To Drive Engagement And Prospect Audiences

Share your content everywhere. Post it on social media to reengage existing audiences. Promote it with paid social media ads and back it with native programmatic advertising to prospect new audiences.

Native ads offer instant brand credibility by displaying your content in an editorial-style format that reflects the website the ad is hosted on. 75% of consumers trust the content of native ads, and customers are four times more likely to engage with a native ad than a conventional display ad (banner ad). Programmatic advertising also offers access to new, unique third-party audiences you won't find elsewhere.

Targeted content is your superpower. Use it to your advantage to accelerate audience reach and drive prospective leads to your website.

Step three: Optimise your website for conversions.

You've got your audience's attention. Capitalise on the opportunity by optimising each page for leads. Ensure your lead capture method is simple and straightforward, with only the essential qualifying questions. Don't overcomplicate it. This is the crucial step that can make or break your lead flow.

Step four: Lead nurturing with EDM content strategy.

A lead nurturing sequence is essential for any business. It keeps your audience engaged by reminding them of your value. Showcase your high-performing content in these EDMs to push leads from consideration to conversion. With it, website traffic will increase and drive higher compounding returns over time.

Case Study

We recently introduced native advertising for a service-based business with a high customer value and long-buying process. The strategy targeted its audience by pushing high-performing content to premium placement native ads on a selection of news and industry websites. The result has seen a significant lift across the top-of-funnel. In-market audiences were captured in a lead-nurturing EDM sequence, inviting further engagement through content and other lead generation tactics.

3. Remarketing: Remind Them Of Your Value.

A remarketing strategy allows you to target the audiences exposed to your brand and reinforce why they should do business with you. These audiences have engaged with your brand across any digital platform - socials, website, Google ads, Meta ads, programmatic ads - or are in your CRM database.

Basic remarketing lead generation campaigns target existing audiences within an isolated platform. But, the real lead generation magic happens when audience data is leveraged across multiple channels to optimise ads for performance.

Imagine you are a vendor at an industry event expected to be attended by hundreds of prospective leads. Digital marketers can geotag the event location to build an audience of attendees. This list can then form a remarketing audience for Google Display, Meta, and Connected TV programmatic ads.

Or, you are running a brand awareness marketing campaign through Connected TV programmatic ads. Digital marketers can extract everyone who has watched your ad (video views) to create a remarketing audience on Meta.

Based on their engagement, we know middle-of-funnel remarketing audiences have some understanding of your business and can be introduced to more selling points in this round of ads. Think reviews, years in the industry, team experience – your value. What sets you apart, and what leads need to know before they convert.

Remarketing strategies enable brands to drive ongoing engagement and unlock the potential to convert more leads from audiences at the consideration stage of the funnel.

4. Conversion Rate Optimisation To Qualify & Close.

Businesses with lead flow problems often fall into two categories. They're discouraging conversions due to too many hurdles. Or are inundated with unqualified leads due to a lack of information.

Make it easy for clients to do business with you. Maximise the effectiveness of your website with conversion rate optimisation (CRO). 

Here are some of CRO must-haves:

• Call to action in top navigation – book now, call now, contact us, request a proposal or a combination of these.

• Call to action at the bottom of every page with a booking/contact form or a link to one.

• Contact details are easy to find – don't make them search for them.

• Clear information on how you can help your clients.

• Clear information on how to do business with you, such as the booking process or fees. 

Lead Capture.

Don't overcomplicate your lead capture. Find the sweet spot between asking qualifying questions and not setting too many barriers by understanding your conversion metrics. If you see a drop in website conversions, refine this form until you get it right. If clients are dealing with sensitive situations, they may be more likely to pick up the phone. Know your customer journey and provide everything they need upfront. 

Hot Tip: Monitor Website Behaviour.

Struggling to work out the disconnect between getting people to your website and converting? Don't guess what your customers are doing. Use a website behaviour-tracking software like HotJar to spy on how people use your site. This can induce many "Ah-ha" moments, informing how small changes can increase the conversion rate.

A recording of a user on our website using HotJar.

Case Study.

For example, we recently launched a new website and Google Ads strategy for a client with a high client retention rate. Our goal was to generate new client leads. We noticed website traffic was high but dropped off at the booking form. After a simple review of the lead capture form, new client conversions rose by 54% in 60 days, translating to the highest monthly revenue in seven years of operation. 

Create Urgency With Digital Ads.

With your website optimised, use digital advertising to drive bottom-of-funnel conversions. Target highly engaged, high-intent audiences across Meta and Google Display ads, such as the most recent website visitors or those that had engaged with an offer (but didn't convert). Use these ad channels to create urgency with a clear direction of what you want the audience to do, such as book a free consultation.

This is when your hard work at TOF and MOF delivers highly qualified leads to convert. Get it right at every step to increase the volume of sales-qualified leads and scale. 

5. B2B Lead Generation With Referral Partnerships.

The oldest lead generation method in the book. Building a referral network of businesses could form the bread and butter of your client base.

Find your network by creating relationships with the services that run in parallel or complement yours. If you're unsure where to start, consider where your business comes from. For example, a specialist medical service seeks referrals from GPs, a wills and estates legal firm can seek referrals from financial planners, or a SAAS brand can seek referrals from existing clients.

It's a two-way partnership. You're fulfilling a need for the referee's client, and they know their client is in good hands. Make sure every business in your network aligns with your brand value and positioning so you are referred to the type of lead you want.

Hand-pick the referring business and nurture them like they're a lead themselves.

Bonus: Work Out What A Lead Is Worth To You.

Understanding what a lead is worth before starting any lead generation strategy will put the cost per lead into perspective. Here's how to calculate your lead value.

First, determine how much the average converted/paying client is worth. 

Client Value = $2500

Second, determine your average conversion rate from enquiry to paying customer. Let's say you get 100 leads a month, and 10 become paying customers. 

Conversion Rate = 10 / 100 (converted / enquiries) = 10%

Lastly, calculate the conversion rate x client value to determine how much each lead is worth to your business.

What each lead is worth = 0.10 x $2500 = $250

For example, due to the nature of your service, a Google Search audience size may be small but high intent. Due to this, the CPC (cost-per-click) on target keywords may seem high. Knowing your lead worth will help you understand if the investment per lead is proportional to client value.

Final Thoughts.

A high-converting lead generation strategy is continually optimised to respond to audience and market demands. Don't let yours get stale and risk leaving leads behind for your competitors to pick up. Gear your lead funnel for performance to convert, scale and get on the path to exponential growth.

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