What is the best source of lead generation?

Given the number of variables at play, determining the best source of lead generation is no easy task. And, to be honest, with dozens of lead sources available to marketing teams, each with its own set of strengths and weaknesses, there is no one-size-fits-all solution. Among the most common sources are:

Digital

The ability to track and evaluate digital lead sources electronically is a benefit. They offer a quick way to measure lead generation activity, making it simple to identify the most efficient channels. Additionally, they are simple to incorporate into lead management and nurturing processes, which improves the efficiency of lead qualification and conversion.

Organic search

One of the most affordable lead sources available is organic search, which involves optimising websites with persona-focused content (content intended for an audience defined by verified commonalities) to stand out on search engine results pages (SERP). Make sure that pages use high-ranking keywords and that web-based content, such as blogs, contains valuable and pertinent information. Websites should be structured and optimised to meet search engine preferences (Google Quality Score) to improve SERP rankings and produce more leads.

Paid ads

Paid digital ads, such as Google search and display ads, are advertisements placed on other websites and search engines by businesses in order to generate leads. Paid ads are an excellent way to raise brand awareness, and businesses can expect an increase in visitors almost immediately. Paid advertisements necessitate extensive upkeep to ensure their effectiveness. Paid ads, on the other hand, can provide one of the highest ROIs of any lead source when combined with high-quality content and an understanding of their extensive targeting controls.

Social media

To generate leads, social media ads are placed on specific social media platforms. Organic and paid social media ads are the two types. Paid social media ads, as opposed to organic social media posts, target specific audiences using advanced tools such as Facebook’s ad platform. They are capable of rapidly increasing participation. While social media ads must be constantly refined, they offer creative and targeting flexibility, which makes them very appealing to SaaS and eCommerce businesses. Tracking engagement and overall reach of each social channel is simple, giving you more control over the bottom line.

Non-digital

Several highly effective lead sources predate WiFi and high-speed Internet. While offline interactions are more difficult to track, they can generate high-quality leads and frequently combine lead source and lead generation methods, making them extremely efficient.

Referral and word of mouth

Referred leads are often more qualified and have a higher conversion rate because they have already been exposed to positive messages about your brand. Referrals are also less expensive to acquire than other types of leads, making them an appealing option for businesses looking to generate more leads without breaking the bank. There are numerous methods for generating referrals, but the simplest and most effective is to provide excellent customer service. Creating a referral programme can encourage customers to refer their friends in exchange for small rewards.

Events

Seminars and trade shows are great places to mix online and offline connections. Events not only provide a valuable opportunity for businesses to network with potential customers, but they also allow businesses to collect additional lead information in a more personal setting. To make the most of events, businesses should ensure that their sales team is prepared to engage potential leads and that they have a system in place to follow up with those who expressed interest.

Media coverage

Media coverage refers to any publicity received by a company or individual from the news media. It is possible to include articles, interviews, external blog posts, and even social media mentions. While media attention does not guarantee more leads, it can be an effective tool for raising brand awareness and attracting new customers. Media coverage can also help a company establish itself as an industry authority, leading to more qualified leads in the future.