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The Dangers of Using Cost per Lead as a Metric to Measure Marketing

Pointclear

Twice over the past two years I blogged about the dangers of using cost per lead as a metric to measure marketing. As a foundation, I published three blogs in 2012 in which I outlined three critical elements that impact B2B lead generation costs in the complex sale: 1. as compared to $1,357.25

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Dear CEO: Find out how well your team is nurturing its B2B sales leads

Pointclear

Standard B2B lead-generation programs produce an average 5% lead rate while advanced lead-generation programs (which include lead nurturing) produce an average 15% lead rate—three times higher. In an average situation, the cost per lead drops from $1250 to $841 per lead.

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Lead Qualification & Lead Nurturing: Whose Job Is It?

Pointclear

Are marketing resources or sales reps the right resources to do lead qualification and lead nurturing in the B2B complex sale? But first, let's take a look at some lead generation challenges. Cahners Research has shown that 45 percent of qualified leads will end up buying a solution from someone within a year.

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What's it take to generate leads that fuel your forecast?

Pointclear

At PointClear, we apply agile to what we do for clients to save time, save money, prevent frustration and get better results. This scenario is in stark contrast to what others in our industry do, which can be encapsulated as follows: Send me a list, send me a script, send me some money—and we’ll send you some leads. (Of

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Looking to enhance sales lead performance? Put process before technology.

Pointclear

That is, by not using a cost-per-lead metric.) Message: Compelling "silver bullets" (conversational points) about your prospects' specific challenges, problems or concerns (vs. a scripted "blast them all" approach) let you truly interact with prospects - and progress the funnel.

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Lead Generation Best Practices: Summarizing the 7-Part Series

Pointclear

Use internal or external dedicated resources for lead qualification and lead nurturing. Heavily integrate the use of the telephone into the qualifying and nurturing efforts. Focus on qualifying and developing leads more thoroughly prior to hand-off. Part 7: Measure Beyond Cost-Per-Lead.

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Lead Generation Best Practices Part 5: Multiply Touches/Media/Cycles

Pointclear

Results multiply when lead nurturing strategies multiply. From initial engagement to lead qualification and through long-term nurturing, frequent and systematic touches are essential. From initial engagement to lead qualification and through long-term nurturing, frequent and systematic touches are essential.