Barriers To Audience Buy-In With Lead Generation via @sejournal, @Juxtacognition

This is an excerpt from the B2B Lead Generation ebook, which draws on SEJ’s internal expertise in delivering leads across multiple media types.

People are driven by a mix of desires, wants, needs, experiences, and external pressures.

It can take time to get it right and convince a person to become a lead, let alone a paying customer.

Here are some nuances of logic and psychology that could be impacting your ability to connect with audiences and build strong leads.

1. Poor Negotiations & The Endowment Effect

Every potential customer you encounter values their own effort and information. And due to something called the endowment effect, they value that time and data much more than you do.

In contrast, the same psychological effect means you value what you offer in exchange for peoples’ information more than they will.

If the value of what you’re offering fails to match the value of what consumers are giving you in exchange (read: their time and information), the conversions will be weak.

The solution? You can increase the perceived value of the thing you’re offering, or reduce the value of what the user “pays” for the thing you offer.

Want an exclusive peek into tactics we use when developing our own lead gen campaigns? Check out our upcoming webinar.

Humans evaluate rewards in multiple dimensions, including the reward amount, the time until the reward is received, and the certainty of the reward.

The more time before a reward occurs, and the less certain its ultimate value, the harder you have to work to get someone to engage.

Offering value upfront – even if you’re presenting something else soon after, like a live event, ebook, or demo – can help entice immediate action as well as convince leads of the long-term value of their investment.

It can even act as a prime for the next step in the lead gen nurturing process, hinting at even more value to come and increasing the effectiveness of the rest of your lead generation strategy.

It’s another reason why inbound content is a critical support for lead generation content. The short-term rewards of highly useful ungated content help prepare audiences for longer-term benefits offered down the line.

3. Abandonment & The Funnel Myth

Every lead generation journey is carefully planned, but if you designed it with a funnel in mind, you could be losing many qualified leads.

That’s because the imagery of a funnel might suggest that all leads engage with your brand or offer in the same way, but this simply isn’t true – particularly for products or services with high values.

Instead, these journeys are more abstract. Leads tend to move back and forth between stages depending on their circumstances. They might change their minds, encounter organizational roadblocks, switch channels, or their needs might suddenly change.

Instead of limiting journeys to audience segments, consider optimizing for paths and situations, too.

Optimizing for specific situations and encounters creates multiple opportunities to capture a lead while they’re in certain mindsets. Every opportunity is a way to engage with varying “costs” for time and data, and align your key performance indicators (KPIs) to match.

Situational journeys also create unique opportunities to learn about the various audience segments, including what they’re most interested in, which offers to grab their attention, and which aspects of your brand, product, or service they’re most concerned about.

4. Under-Pricing

Free trials and discounts can be eye-catching, but they don’t always work to your benefit.

Brands often think consumers will always choose the product with the lowest possible price. That isn’t always the case.

Consumers work within something referred to as the “zone of acceptability,” which is the price range they feel is acceptable for a purchasing decision.

If your brand falls outside that range, you’ll likely get the leads – but they could fail to buy in later. The initial offer might be attractive, but the lower perception of value could work against you when it comes time to try and close the sale.

Several elements play into whether consumers are sensitive to pricing discounts. The overall cost of a purchase matters, for example.

Higher-priced purchases, such as SaaS or real estate, can be extremely sensitive to pricing discounts. They can lead to your audience perceiving the product as lower-value, or make it seem like you’re struggling. A price-quality relationship is easy to see in many places in our lives. If you select the absolute lowest price for an airline ticket, do you expect your journey to be timely and comfortable?

It’s difficult to offer specific advice on these points. To find ideal price points and discounts, you need good feedback systems from both customers and leads – and you need data about how other audiences interact. But there’s value in not being the cheapest option.

Get more tips on how we, here at SEJ, create holistic content campaigns to drive leads in this exclusive webinar.

5. Lead Roles & Information

In every large purchasing decision, there are multiple roles in the process. These include:

  • User: The person who ultimately uses the product or service.
  • Buyer: The person who makes the purchase, but may or may not know anything about the actual product or service being purchased.
  • Decider: The person who determines whether to make the purchase.
  • Influencer: The person who provides opinions and thoughts on the product or service, and influences perceptions of it.
  • Gatekeeper: The person who gathers and holds information about the product or service.

Sometimes, different people play these roles, and other times, one person may hold more than one of these roles. However, the needs of each role must be met at the right time. If you fail to meet their needs, you’ll see your conversions turn cold at a higher rate early in the process.

The only way to avoid this complication is to understand who it is you’re attracting when you capture the lead, and make the right information available at the right time during the conversion process.

6. Understand Why People Don’t Sign Up

Many businesses put significant effort into lead nurturing and understanding the qualities of potential customers who fill out lead forms.

But what about the ones who don’t fill out those forms?

Understanding these values and the traits that drive purchasing decisions is paramount.

Your own proprietary and customer data, like your analytics, client data, and lead interactions, makes an excellent starting place, but don’t make the mistake of basing your decisions solely on the data you have collected about the leads you have.

This information creates a picture based solely on people already interacting with you. It doesn’t include information about the audience you’ve failed to capture so far.

Don’t fall for survivorship bias, which occurs when you only look at data from people who have passed your selection filters.

This is especially critical for lead generation because there are groups of people you don’t want to become leads. But you need to make sure you’re attracting as many ideal leads as possible while filtering out those that are suboptimal. You need information about the people who aren’t converting to ensure your filters are working as intended.

Gather information from the segment of your target audience that uses a competitor’s products, and pair them with psychographic tools and frameworks like “values and lifestyle surveys” (VALS) to gather insights and inform decisions.

In a digital world of tough competition and even more demands on every dollar, your lead generation needs to be precise.

Understanding what drives your target audience before you capture the lead and ensuring every detail is crafted with the final conversion in mind will help you capture more leads and sales, and leave your brand the clear market winner.

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Featured Image: Pasuwan/Shutterstock

What You Need To Generate Leads With Content via @sejournal, @duchessjenm

This is an excerpt from the B2B Lead Generation ebook, which draws on SEJ’s internal expertise in delivering leads across multiple media types.

What, exactly, do you need to create a sustainable and scalable lead generation strategy with content?

It starts with an exceptional piece of content that the leads want – your “lead magnet” – but it doesn’t end there. Modern content marketing requires resources.

Without a content marketing plan and the ability to execute it, you’ll quickly exhaust your audience pool, and the leads will dry up. The good news is you don’t have to do all of this internally, but you need to assess the best use of your resources.

Let’s start with a map of all the pieces required.

Assets & Bandwidth

The four major components of successful lead generation with content are:

  1. Understanding your available market audience and captive audience size.
  2. Consistently creating high-quality, hyper-relevant inbound content and the research behind it to reach existing and new audiences.
  3. Consistently maintaining a high volume of lead-generating content required for the audience and individual people within that audience.
  4. Consistently testing and improving your content.

Market & Audience Research

Research goes into every step of content creation. First, to create a “lead magnet,” you need to be super dialed in on your audience’s specific challenges and immediate needs that you can solve.

You need to understand what a model of success looks like for them and provide a resource that gets them at least part of the way toward that success.

In B2B, that doesn’t just go for your audience. You also need to understand the needs and problems your audience’s own audience has.

It’s a bit of a mind-bender. You must think backward and then forward at the same time. Before you can understand your audience, you need to understand what their audience is asking of them and get fully immersed in that consumer’s journey to your customer – and how that creates a need that applies to you.

When you provide a solution for your target audience, why is your target audience there? What is their audience asking of them?

Why does their audience need their solution, and why does that create a need for your solution?

You must think about all of those layers to provide the best content for them to solve their problem for their audience.

You have to create a whole experience of total immersion to create a remarkable lead generation strategy.

And you have to do this often. One lead magnet, solving one specific problem, gives you a lifespan of leads. But content becomes out of date, and the needs of your customers – and their customers – change.

The knowledge you need to create lead magnets isn’t a matter of a one-time research project. It’s the culmination of constant analysis and regular direct touchpoints with audience members.

You also need to know where you are now and where you can reasonably get to in terms of your audience size. Do you have an audience currently? How large is it? Do you have a plan to grow your audience?

While you absolutely can generate leads with direct tactics like ads, to do it with content marketing, you need an audience first.

The first step is knowing your current marketable audience. Then, develop a plan to expand it with your own content marketing efforts and partnerships that expose new audiences to your brand.

And, of course, you need to develop a distribution plan for your lead magnet content to put it in front of your current marketable audience and new audiences who might be interested.

Check out our upcoming webinar to get an exclusive peek into tactics we use when developing our own lead gen campaigns – case study style. 

Creating & Maintaining Exceptional Content

Audience research moves you toward planning content. As a business trying to generate leads, you need supporting content for each step of the process.

First, there’s the organic strategy that comes with building an audience. Here’s where the deep understanding of audiences really starts to matter.

Content that adds value for free creates trust and goodwill. It’s the kind of long-term thinking that allows you to generate leads from your own audiences and also creates leads passively from people growing to recognize and trust your voice.

Then, there’s all the supporting content that lead magnets need to thrive: landing pages, email copy, supporting articles, social media posts, ads, etc. All of these content pieces must also be carefully targeted toward the direct problems your audiences face, as well as the specific words and phrases that drive interest and action.

More than that, you need to understand what channels and platforms audience members with specific problems use. Your supporting content must be optimized for that channel and fulfill the expectations that users of that channel generally have in addition to the problems you address.

Creating Lead Magnets

Now, we come to the lead magnets themselves, which need to be exceptionally helpful.

An underwhelming experience with lead magnet content can turn a lead off. If you fail to uphold your end of the deal – providing a path to a specific definition of success in exchange for personal information – then you’ll struggle to convert leads.

Success could look like:

  • “With this resource, I can perform a difficult task more efficiently or easily.”
  • “With this resource, I learned something new, and I can use this knowledge directly to solve a problem.”
  • “I can use this resource as a reference that will save me time or energy.”
  • “I can use the data in this resource to build or change my approach to a problem.”
  • “This resource changed my perspective and assumptions about a topic I already know something about, and I can take this innovation back to my team to discuss a new approach.”

To build a content resource that meets one or more of these goals, you need deep and expert knowledge of not just the subject matter and your products, but also, how to be useful.

You need to know how to teach someone something or persuade someone into considering new perspectives. You need to know what information matters and why.

You need to be a leader in:

  • Knowledge of the subject matter.
  • The craft of content, teaching, and curating impactful information.
  • Empathy for your audience and the ability to approach problems from their point of view.

Then, there are the technical skills that go into data analysis, the design skills that go into laying out a document, visual assets, and much more.

One person might possess all of these skills. They might likely exist disparately among different people on your team, in which case you need to align them.

Very likely, you’ll need to find external partners to supplement one or more of these skills.

Testing & Optimization

Often, when content isn’t performing as well as a business wants, its answer is to put more money behind it in terms of distribution, for example, more ads.

That’s because it’s somewhat rare for a business to have the resources to keep content updated as frequently as it should be.

But if there’s a problem with the content, that’s what needs to be assessed. More distribution might get more eyes on content, but if the content is outdated or not quite the right answer, this will be a failing strategy.

Continually testing, updating, and producing new content can be a massive resource sink. Not only does every piece of the content puzzle need refinement – from organic intent analysis to CTA testing – but you also need consistent new and updated content to scale a lead generation strategy.

Updating and producing new organic content helps grow your marketable audience. And new lead magnets that solve specific problems create new opportunities to turn readers and subscribers into leads.

The “updating” part of this is critical. Many businesses focus on making new assets but not maintaining old ones. You should apply the insights that new research gives you about your audience to existing content.

But, again, we return to the problem of assets and bandwidth.

Get more tips on how we, here at SEJ, create holistic content campaigns to drive leads on this exclusive webinar.

What You Really Need Is A Content Team

When businesses apply ineffective fixes to boost content marketing, it usually comes down to resource issues, knowledge issues, or both.

Content marketing is the work of a skilled team of specialists.

Many businesses simply don’t have the resources to deploy the knowledge and time required to do it right.

Building content teams involves a mix of internal stakeholders and external partnerships. Even here at SEJ, where inbound traffic is our bread and butter, we use strategic distribution partnerships to expand our marketable audience. You can’t do it all on your own.

The great thing about a specialist distribution partner is they can help you build the knowledge and research you need to create stronger content efforts internally.

Publishers and influencers thrive on acutely understanding and serving the needs of their audiences. They’re a direct line not just to your audiences themselves, but also to:

  • Up-to-date analysis on trends your audience cares about.
  • Insights on the exact language your audience does and doesn’t respond to.
  • The tone and content types that resonate with your audience.
  • Deep understanding of your audience’s problems and anxieties and how they want to be helped.

But there are all kinds of external partners you can work with to fill gaps in your team, from content production to testing and research.

Don’t ignore the insight and knowledge you gain from working with external specialists, whether they’re helping you with distribution or creating the actual content assets.

Take everything you learn back to your team so that when you’re able to expand your resources, you have knowledge to build on.

The toughest thing about content marketing and lead generation is that all of these aspects flow into one another at different points. A sale could happen before someone even becomes a lead.

A lead could spend months in your “lead nurturing” (more later) flow before finally converting. And people can drop out of this process and never think about you again at any point.

Keep testing, perform new audience research, and relentlessly improve your value. That’s when you’ll start delivering exceptional leads to your sales teams through content marketing.

More resources:


Featured Image: Andrey_Popov/Shutterstock