5 Tips to Improve Lead Quality and Conversion Rates

5 Tips to Improve Lead Quality and Conversion Rates

Your website can track the behaviors of visitors in countless ways. It’s a goldmine of customer information. You can run reports to tell you who bought what, when they bought it, where they're from, how long they lingered on a page, other products they may have considered, plus a wealth of demographic information – if you ask. But if you don't do anything with those numbers they'll just end up as a bunch of useless statistics.

In today's hyper-competitive digital landscape, to attract more business it is critical to extract data from existing customers (and prospects) to fine-tune your marketing message and/or product mix. With that information you can then optimize your site to enable things like lead scoring and nurturing. You can then tailor your message to prospects based on where they are in the purchase cycle.

Here are some tips to increase the quality of the leads your site can generate and the associated bump in lead conversions to a successful sale:

1. Optimize Top Website Pages

Software applications like Google Analytics allow you to see which areas on your website get the most traffic. You'll often find it's a few select pages. Carefully review those pages and make sure they have clear calls-to-action to generate leads, such as limited time offers to create urgency, free downloads, and forms to enter contact information. These tactics can significantly increase leads over time.

2. A/B Testing

Create two versions of a landing page with different offers, messaging and images. Do the same with emails, using various subject lines and offers. See which versions get the best results and then pause the least effective iterations and migrate those recipients to the more attractive versions. Just a small percentage in incremental conversions could make a huge difference over the length of a campaign.

3. Website Engagement

Sales or marketing software applications like HubSpot or Pardot can provide valuable insight into your website visitors, such as the specific pages they are visiting or which content offers they are downloading. This intelligence can be handed off to sales so they know how to tailor a conversation when they reach out to a prospect.

4. Lead Scoring

Using marketing software, you can rank leads based on the actions the visitor takes on the website, so the most valuable leads can be prioritized. Each action is assigned a numerical value. When the lead reaches a designated threshold, it is escalated to the proper personnel for follow-up. For example, a prospect who visits a product detail or free demo page is much closer to making a decision and would get a higher score than one who is reading an educational blog. Scoring can be customized on a scale that works for your organization and website.

5. Lead Nurturing

If your site offers content downloads such as free white papers, infographics or guides and a site visitor downloads one, that's a highly qualified lead. Continue to nurture that prospect periodically with more content on that topic.

Start with these, and see if you notice an increase in lead conversion. You may initially see a drop in lead volume, but those leads should be better qualified, leading to more successful outcomes for your business.

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