December 3, 2012
By Ryan Malone
For most small businesses the sales cycle is fairly straightforward. You might have different steps or processes along the way, but every company has to generate leads and convert them to sales. Of course, what happens between lead generation and lead conversion can make or break a business. You can have the best possible lead generation strategy, but if you can't close the deal you won't have a profitable venture. Lead nurturing can help you increase sales conversions and build long-term relationships with new customers.
Lead nurturing refers to the process of cultivating relationships with qualified leads who have not yet made a decision to purchase. This is particularly common with major purchases or buying decisions that will have a significant lifestyle impact. Perhaps your prospect is comparing two different business solutions that will affect daily operations, or maybe you sell big-ticket items that homeowners need to thoroughly evaluate before taking the plunge.
Regardless of the reason for a longer sales cycle, lead nurturing can help strengthen your sales strategy in the following ways:
It's clear that a little investment in lead nurturing can have a big impact on your business. Take the time to develop steps in the sales process that keep leads engaged, even if they're not yet ready to buy.
SmartBug Media is here to help you capture qualified leads through inbound marketing. When prospective customers seek you out, you have a better chance of converting the lead and closing the sale. Add lead nurturing to the process and you'll see an even greater conversion rate.
What do you currently do to nurture leads for your business?
About the author
Ryan Malone is the founder and Chairman of the Board of SmartBug Media and is a veteran of Deloitte & Touche, Seagate and several venture-backed technology companies. When he's not leading SmartBug and helping clients build high-octane marketing organizations, he's loving his wife and daughters and unsuccessfully learning the guitar. Go Terps! Read more articles by Ryan Malone.