How
much is a qualified lead worth to your business? If
you’re like most businesses, qualified leads can cost $50
to $100 when you factor in all your advertising and marketing
overhead. A 1% increase in advertising response rates
is often a 100% increase in leads.
How do you get a prospective customer to respond
to your advertising? Clearly you need a compelling
advertisement that includes provocative creative design,
you need to get the message to the right customers and the
right time, and finally, you need to call your customers
to action. A strong call-to-action gives your prospective
customer a reason to act now, not later. Special limited
time offers for picking up the phone or visiting a store
or website.
So what is the secret? The secret is tying
a high perceived value incentive to a modest effort like completing an application,
or signing up for a newsletter, or requesting a quote. The critical
point being that once you’ve captured a prospective customer’s
information who’s responded to your advertising, you have
a high likelihood of them becoming a customer immediately
or at some point in the future, with continued targeted marketing.