Qualified leads are the heart and soul of your business, your bread and butter, the center of your universe. Yet for some reason, despite all of your hard work, none of your leads seem to be converting.
You tried inbound marketing because you heard you should, but that didn’t work. And so, after two months, you gave up.
Secretly, you know your database is out-of-date, inaccurate and completely unqualified, but you don’t have the time or money to scrub the list. In the end, you ignore the problem and try the “bombard your contacts with broadcast emails” approach instead. You hope you’ll get a nibble or two for your efforts – but that isn’t working either. Even a badly-trained hamster knows that you can’t run a business this way.
I once worked for a company that gave their sales team a giant list to cold call. The list was SO bad that the team didn’t make any sales and eventually they were blamed and fired. The problem? The owner didn’t understand the target audience or how to reach them. He thought that as long as the sales team kept making phone calls, they’d eventually get a hit. Not surprisingly, this approach was a disaster.
If you don’t understand your ideal customer, you’ll spend months of effort trying to sell umbrellas to a camel. In other words, you won’t sell anything and your inbound marketing efforts will lead you on a road to nowhere. Even if you DO capture a qualified lead here and there, your lack of understanding will likely result in their demise and they’ll be gone forever.
In order to give marketing teams and salespeople a fighting chance, companies need to clearly define their target market. They need to understand what prospects need at different stages of their buying journey and help drive them towards a decision.
Inbound marketing is a highly-strategic process, based on clearly defined buyer personas. It’s not about sending out random emails to prospects hoping to get a bite. And it’s not about promoting your blogs on Facebook when none of your leads actually use Facebook.
For inbound marketing to work, everything from email campaigns to social media need to be focused on your personas: who they are, how they live, what their budget looks like and what kind of media they consume. Otherwise, you’re just wasting a lot of effort without seeing any results.
In her blog, What Do You Mean Your Marketing Isn’t Working: Sales Edition, author Kristen Patel explains that, even if your leads seem to be going down the sales funnel, they might just be doing research. She says you need to understand their behavior, such as how many times they’ve converted, whether they’re a first-time visitor and whether or not they fit with your persona. If they don’t, chances are they’re just a “lookie-loo” and are stopping by for a visit but not really interested in your product or service.
Buyer personas are key to getting into the heart and mind of the buyer so you can answer all of their questions, solve their problems and become a resource for them through your inbound marketing. Equipped with a genuine understanding of their target market, sales and marketing teams can provide the right information for qualified prospects, initiate the right conversations at exactly the right time and nurture qualified leads so they become customers.