April 12, 2008

98 lead generation strategies to grow your business

lead-generation-money-120_1.JPGIn the new sales and marketing paradigm individuals, consultants, entrepreneurs and small businesses can play on a level playing field with the big boys. Anyone can embrace the power of the internet, couple this with a powerful sales and marketing strategy and bootstrap their way to success on minimal expenditure. 

In fact, minimal budgets, far from being a barrier to success, can actually focus your mind on what you really need to do to get more sales. Minimal budgets make you ask the question all of the time, "What will get me the best sales results?" Minimal budgets don’t lure you down the the tempting path of spend, spend, spend!

I had a friend who used to run a small business. He complained a lot. Mostly about lack of funds. "If only I had the funds to spend on advertising I could compete with the big boys." he used to say.

He didn’t and he went bust.

Since then he has set up a new business with a budget of  £0. He even had to use someone else’s credit card to pay the £4.99 per month for his webspace!

His business is flying. Lack of cash focused his mind.

But in today’s new selling paradigm, lead generation is key. If you don’t know how to generate leads then you’re not playing the game properly. Most small business owners and professionals I speak to employ less than 5 methods of lead generation regularly. They rarely review or change their tactics. The average number that people employ is 2 or 3.

This is not enough.

If you want a successful business you need to utilise as many methods of lead generation as you can. You need to monitor the success of these lead generation methods, measure their results and tweak your strategies until you find a mix of 7+ minimum methods that work.

Once you have this mix you need to keep on shaking it up and trying other methods as well.

Here is a list to get you started. I am not saying that all of these will work for you or be practicable in your business or industry because every situation is different. B what they will do is set you off on the right track, get you thinking creatively about lead generation and, perhaps most importantly, they will remove the biggest blocker to your sucess, "But I don’t know what to do!"

Please comment and let me know other ways that have been successful for you and which are your favourite methods out of the ones below. I will share my top 7 with you another day but for now… and in no particular order,  here are 98 lead generation strategies to help you grow your business…

  1. Sales letters to decision makers
  2. Classified advertisements
  3. Catalogues in venues
  4. Flyers
  5. Leaflet dispensers at tageted locations
  6. Special reports
  7. Online catalogues
  8. Telemarketing
  9. E-Newsletters
  10. Traditional newsletters
  11. Viral marketing
  12. Ebooks
  13. Magazine and paper inserts
  14. Associates and affiliates
  15. Introducers
  16. My top 100
  17. Family and friends
  18. Joint ventures
  19. Radio ads
  20. TV ads
  21. Position yourself / your company as an expert   
  22. Internet adverts (PPC)
  23. Press releases
  24. Yellow pages
  25. Toastmasters
  26. Sponsor an award
  27. Fax marketing
  28. Business cards
  29. Chamber of Commerce
  30. Public relations (PR)
  31. Attend industry seminars
  32. Gather and use testimonials
  33. Offer a free consultation
  34. Offer a free trial
  35. Organise an open day
  36. Promote an industry event
  37. Give endorsements to prominent people
  38. Set up a Squidoo lens
  39. Write articles online
  40. Form alliances with your peer group
  41. Create a give away e.g. calendars, mugs, posters…
  42. Write for the local newspaper
  43. Syndicate a column
  44. Write letters to industry magazines
  45. Conduct industry research
  46. Send articles to clients
  47. Advertise on buses, bill boards, cabs
  48. Speak at the local college
  49. Panel at professional seminars
  50. Write a how-to pamphlet
  51. Offer a finder’s fee
  52. Do pro bono work for charity with industry links
  53. Sign your car
  54. Make up t-shirts
  55. Do a stunt (e.g. Richard Branson)
  56. Cross-promote with other businesses
  57. Enter a contest
  58. Create a contest
  59. Direct mail new clients
  60. Post card promotions
  61. Business cards
  62. Networking offline
  63. Networking online
  64. Trade shows
  65. Referrals
  66. Speeches
  67. Cold calling – foot
  68. BNI
  69. IOD
  70. Trade shows
  71. Franchise shows
  72. Blogging
  73. Social networking sites
  74. Christmas cards
  75. Birthday cards
  76. Thank you cards
  77. Add value notes / paper cuttings
  78. Promotions
  79. Article writing
  80. Online forums
  81. Bill boards
  82. Freebie pens / t-shirts / mugs
  83. Teach a class
  84. Send letters to papers as expert
  85. Local radio interviews
  86. Loss leaders
  87. Free teleclassses
  88. 3-foot rule
  89. Podcasting
  90. Youtube
  91. Ebay
  92. Mini-courses
  93. Two-step paper ad
  94. Rotary
  95. Church
  96. Masons
  97. Golf club
  98. Press release

 


Power Canvassing audio. Eliminate fear and master the art of cold calling.

Get it now.

Filed under Marketing, Prospecting & cold calling, Small business sales by Gavin Ingham

Permalink Print Comment

Comments on 98 lead generation strategies to grow your business »

April 14, 2008

Ben @ 2:22 am

Wonderful list. Lots of great sources to experiment with to see what works and what doesn’t. I think businesses ten to stick to one or two, when their target markets lie beyond those marketing channels.

Jon P. @ 9:08 am

Good stuff Gavin.

Question: Do you find that companies of 3-4 employees might have trouble implementing 7+ techniques? I would think that you need to be cautious not to overstretch yourself and thus only do a so-so job in each instance. Thoughts?

Gavin Ingham @ 1:08 pm

Jon

Most people do have trouble implementing 7 lead generation strategies. Not surprising really given most people struggle to implement 5 and some even less than that!

The secret is to find the ones that work for you whilst remaining flexible to the other options that are out there. Changing markets mean changing strategies are required. Some strategies work well in some markets and some situations and not others.

Some of the ideas on this list I have not used personally and I could never see myself using either… but I know people who do, and successfully too.

The right strategies for you will not only depend upon your product, your target market and your business sector but also on you and what suits your approach, style and business model.

If you split your business into on and off line strategies we are only talking about 3.5 strategies for each here. Add to that the fact that many very effective strategies are quite low maintenance and you’re onto a winner…

Let’s say for example that you decided to adopt online strategies of sending e-newsletters, creating a free downloadable resource, PPC and blogging - that’s 4 already!

If you then focused on networking, creating a referral process and employing direct mail that would be your 7!

PPC and the downloadable resource are low maintenance. Once they are set up there is very little to do. For an example of a free resource join my newsletter and get the free audio.

Your networking strategy might be go to a handful of targeted industry events per month (or one good one!). You’re probably at these anyway so little effort there!

One person could look after the direct mail and someone else the blogging and e-newsletter…

That would leave someone to focus on referrals… and once you have a process in place you could automate this online and build it into your existing face to face process offline.

So in answer, yes I think you could make it very hard but you could also make it relatively painless too. I guess the question has to be, how would your business benefit if you did?

Hope that helps.
Gavin

April 19, 2008
(Trackback)

SuccessPart2.Com @ 6:44 am

a make money blogging carnival - April 18, 2008…

Welcome to the April 18, 2008 edition of a make money blogging carnival.

Chelsy Albertson presents Saving Money During College posted at Earn Money - Earning Money From Home, saying, “Dorm Earning has peronal finance advice for college…

[…] Portnik presents 98 lead generation strategies to grow your business posted at Gavin […]

April 23, 2008

Wanda Grindstaff @ 11:42 am

Thanks for a great article. Even the most challenged can find some excellent tips here. Thanks for the service you provide the community.

April 24, 2008

Trader @ 2:13 pm

Very informative article.

Lots of interesting ideas to try. It’s hard to keep track of everything so probably best to stick to two or three.

[…] Portnik presents 98 lead generation strategies to grow your business posted at Gavin […]

May 6, 2008
(Trackback)

Women Internet Marketers @ 12:16 pm

Blog Carnival April 29th - Our biggest & longest one yet!…

Welcome to the April 29, 2008 edition of internet marketing mentors.
This has to be our longest and biggest blog carnival with well over 130 posts covering topics related to internet marketing and all from experts who proudly wear the “inter…

Leave a Comment

Subscribe without commenting