CMOs must come up with effective strategies to attract prospects online, turn them into leads, and then convert them into customers. There are many obstacles in the way — increased online competition, consumer reviews on social media and review platforms and the evolution of consumers’ online behavior when it relates to interacting with advertisements.
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On the Internet, Web sites and search engines can be excellent sources of leads, although the process can be time consuming. Web sites, such as TechTarget.com, have evolved for the specific purpose of making it easy for personnel to obtain leads. Companies have emerged that specialize in lead generation for a fee. They perform the research, and then provide the client with a list of leads. Services of this kind have been used by insurance companies, real estate agents, wholesalers, marketing firms, private investigators, research scientists and educational institutions.
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I’ve generated thousands of leads and personally sponsored over 100 people in just a couple years by blogging. I think the web 2.0 is the wave of the future. All of the methods work very well, too. It’s just a personal choice of how you want to spend your time. I haven’t reached out to my warm market yet, but I might at some point. Most of my friends who do very well have built it exclusively through the warm market. Food for thought. Different strokes for different folks. That’s how I see it anyway.
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Manage wisely: A predictive CRM system can help agents decode where in the consumer life cycle stage an online lead is. Predictive CRMs use lead intelligence software or data points from a lead's home search history to determine how likely they are to buy or sell a home one month from now, six months from now and so on. Still, some real estate CRMs, including my own, take it a step further and notify agents which leads are transaction-ready and which require additional nurturing.
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Rather than simply handing over a list of leads from one team to the other, they work together to define which leads are ideal and nurture relationships with those leads throughout the sales cycle. The marketing team can consider specific demographic information and behaviours to qualify and score leads to ensure that they are ready to be passed on to sales.
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Cost per click advertising (e.g. AdWords, Yahoo! Search Marketing) overcomes this problem by charging advertisers only when the consumer clicks on the advertisement. However, due to increased competition, search keywords have become very expensive. A 2007 Doubleclick Performics Search trends report shows that there were nearly six times as many keywords with a cost per click (CPC) of more than $1 in January 2007 than the prior year. The cost per keyword increased by 33% and the cost per click rose by as much as 55%.
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