How To Make Your Business Lead Generation Efforts Pay Dividends

Thursday, January 21st, 2010

One of the greatest challenges faced by every business today is finding qualified business leads. You need to have a well thought out business strategy for generating leads to be successful today. There are a few critical steps you need to consider so that your lead generation efforts are successful.

The first step with lead generation is identifying your target market for your products and serices. You should consider hiring external market research companies to identify your target market – Is it the fortune 1000 companies, the 14.6 million US small businesses or the 300+ million US consumers? The market research should also be able to identify who is the decision maker, is it the CEO, CFO, CIO, individual consumer or the home maker. Market research is critical in determining the next steps in establishing a successful lead generation program for your business.

The next step is to use the market research data to analyze the online and offline behaviors of these decision makers so that you can determine where they spend their time while making purchasing decisions for your products and services. Why is it importnat to focus on both online and offline behaviors? Because users are spending 15% of their time online and the internet has made it very easy to do research before making a smart buying decision.

The third step is to identify these online destinations such as search engines, content sites, blogs, social and business networking sites or physical locations such as tradeshows, industry conferences and events that have become the CEO, CFO, CIO or indivdual consumer’s trustworthy resource for decision making. The media outlets and channels that these decision makers use may vary based on the type of business, industry, distribution channels and geographic locations. This is why a focused market research is important so that you can identify a few media channels to target your lead generation efforts as all of them may not work for your business. Also, it is not wise to reach your target customers through just one media outlet as you risk putting all your eggs in one basket for the most important aspect of any business – sales.

Once you have identified the media outlets where your target customers are seeking information while making these important business decisions you can start launching lead generation campaigns by creating different messages to draw the target customers as close to the point of sale as possible so you don’t have to qualify and nurture the sales leads before they convert into sales. This is an important step for you to get ahead of your competition as lead generation is a numbers game and by shortening the sales cycle time from when you generate the qualified business leads to closing them into sales you can leave your competition in the dust.

Finally, you need to constantly review and stay on top of your lead generation programs from identifying  the media sources, creating effective campaigns to sales conversions so that you can stay ahead of any shift in the market trends. Effective sales lead generation will require sinificant amount of your dedicated time and attention to help build a sustainable business. However, Tradeseam has just simplified the business lead generation process for every business owner, partner, CEO or President so that they can stop overspending on programs that don’t deliver an ROI for their business and can now focus their precious time on building the business by taking the higher profit margins fromleads gnerated by Tradeseam and re-investing it in the business for future growth.

To make sure your business lead generation efforts pays dividends, you need to focus on the media channels where your target customers are spending their time both online and offline, create messages to capture the potential customers as close to the point of buying as possible, qualify the leads to shorten the sales cycle time from the creation of the business leads to closing them into sales so that you can get a high ROI from your lead generation programs.

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Small Business Gems For Year 2010

Wednesday, January 13th, 2010

The year 2010 is a harbinger of hope and marks a gradual shift towards a economic recovery. Businesses are focusing on active promotion of their products and services with renewed energy. The power of the internet is being optimized to increase the income potential of businesses and to build a loyal customer base.

Three profit-making avenues businesses can’t afford to miss in 2010 are:

1. Social media marketing

Statistics predict a massive boom in social media activity in 2010. Internet marketers can ride this wave to increase website traffic and generate more conversions. Posting attention-grabbing articles on social media networks can create interest in a brand name, leading to inbound links and more customers for the business. Furthermore joining business networks and subscribing to get qualified business leads, sales leads and networking with businesses in your industry is a no brainer. Studies reveal that consumers who are exposed to a brand via social media or SEO  are at least three times more likely to click and make related searches. Taglines also stick in the minds of people. They search for the brand using the tagline, providing the business with a less competitive keyword. Social media therefore is also an excellent search engine optimization  tool.

2. Internet marketing

Internet marketing drives more traffic to the website, and creates sales leads. Pay-per-click ads qualify consumers automatically while search engine optimization ensures the website has high organic search rankings and gets the attention of consumers searching on topical keywords. Creating inbound links and linking to reputed websites increases website rank and visibility. Affiliate marketing and registering on web directory listings is also an excellent way to direct interested consumers to your website.

3. VOIP

Even in the internet age, a phone call has unmatched value. Addressing a customer’s concerns over phone is more effective than sending a passive email. Businesses can reduce their phone expenses drastically by using VOIP phones  instead of traditional phone systems. VOIP phone systems offers easy maintenance and customization, cheap international calls, one network administration (data + voice), remote calling, low phone costs during travel, and videoconferencing.

Implementing these gems in 2010 can increase business profits without adding much to the expense line of your balance sheet. No business, large or small, can afford to turn a blind eye to such a wining strategy for 2010!

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How To Become Your Own Boss in 2010?

Monday, January 4th, 2010

People with vision and capability often make for frustrated employees. Working for another individual or company shackles their potential to achieve more than the ordinary. These people are motivated by their dreams and ambitions to start their own business. It is tough going initially but they can look forward to steady returns from their self-made business in the future years.

Starting and establishing a business today is much easier and viable than a few decades back. For starters, businesses can choose from a variety of small business loans for starting a business. While the recession has made it tougher for small businesses to get loans from banks and other traditional sources, there are other options such as a business cash advance for merchants that can borrow against future credit card receipts. Business Cash Advance also known as merchant cash advance is an unsecured cash advance forwarded to the business in exchange for a cut in future credit card sales till the whole amount plus interest is recovered.

Small business owners can also outsource non-core functions of the business without investing in in-house expertise. Outsourcing  payroll or call center related services empower businesses by incorporating efficiency into processes without incurring the cost of infrastructure and adding additional headcount. For instance, a small medical practice can increase its income by over 40% and improve its revenue management cycle by partnering with outsourced medical billing companies.

The internet is another cost-effective tool in the hands of small business owners. A small business can take the help of professional website designers and developers to design a website to establish its online presence. Effective internet marketing campaigns developed by reputed online marketing firms can drive qualified traffic to your website. E-commerce solutions enable businesses to sell products on the internet and capture an online customer segment that continues to grow in size.

All these facilities enable small business owners to focus on the core functions of the business, accelerating its growth and profits. However, small businesses also need to innovate and evolve continuously to maintain their competitive edge and retain profitable customers.

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About Tradeseam

Tuesday, December 29th, 2009

Welcome to TradeSeam, the world’s first business network where you can connect with customers, get qualified business leads, find suppliers, compare products or services to get the best deals, saving you time and money on your most important business decisions.

Watch us evolve over the coming months, as we will continue to make our business network the best places on the web for businesses, both small and large.

So start using TradeSeam today. Click here and tell us what you like and what you don’t like about Tradeseam. We promise we’ll not only listen but write you back as well.

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