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15 Effective Lead Generation Strategies (+ Best Practices)
Rachel Handley
TABLE OF CONTENTS
This guide will walk you through lead generation strategies , techniques, and best practices .
Along the way, you’ll find tips, examples, and resources. So you can develop an effective lead generation plan for your business.
What Is a Lead Generation Strategy?
A lead generation strategy is an overarching plan for getting prospective customers to share their contact information with you and opt into marketing or sales communications (i.e., become leads).
A good lead generation strategy allows you to:
- Populate your sales pipeline
- Build an email distribution list
- Identify the highest-quality prospects (i.e., conduct lead qualification)
- Personalize your marketing and sales efforts
You can also collect and analyze lead data as a whole. To gain valuable insights into your target audience’s demographics, preferences, and behaviors.
This ultimately helps you get more customers .
15 Effective Tactics for Your Lead Generation Strategy
We’ve rounded up 15 tried-and-tested techniques you can use in your lead generation strategy. To help you attract prospects and convert them into leads.
Using a variety of tactics helps you reach a wider audience. But the right mix depends on your business’s resources and goals.
Tip: Check out our dedicated guide to learn about lead generation for digital marketing agencies .
1. Improve Lead Generation Landing Pages
Lead generation landing pages are webpages designed to convert prospects into leads. They encourage users to formally express their interest in your business (or content) by sharing their information.
Here’s an example from Monday.com:
Optimizing your landing pages can help you increase traffic and conversions.
Here are some best practices:
- Communicate a clear value proposition: Explain how users will benefit from sharing their details
- Provide social proof: Use customer logos, testimonials, or ratings to instill confidence in users
- Build trust: Make it clear how you will use and protect the user’s data
- Deliver a great mobile experience: Make sure your landing page works well on every device type
- Display a “thank you” message: Thank users for submissions and let them know what’s next
But the most important part of the page is the lead generation form.
2. Optimize Lead Generation Forms
Lead generation forms are designed to collect prospects’ information. They’re the all-important final step in many lead generation campaigns, so it’s crucial to get them right.
First, you need to decide what information to collect. It’s about finding the right balance between the quantity and quality of submissions.
Simple forms (like the one below) are quick and easy for users to fill out. So, they can improve your conversion rate.
But complex forms (like the one below) help filter out low-quality leads. Because they require a higher level of interest and effort from the prospect.
They also collect additional data, which can better inform your marketing and sales efforts. And allow you to personalize your communications.
As a rule of thumb, the earlier in the customer journey your audience is, the simpler the form should be.
(Someone who’s more invested in your solution is more likely to volunteer extra details. Especially if they understand why they’re needed.)
Whatever fields it contains, your lead generation form should be eye-catching and easy to use.
If you have limited design or development resources, try using the Lead Generation Forms app. The drag-and-drop editor makes it easy to build standout forms.
3. Create Quality Content
Create quality content that’s relevant to your business’s expertise and helpful or interesting to your target audience. This can help you capture prospects’ attention and earn their trust.
For example, American Express publishes useful articles, videos, and podcasts for finance professionals.
People who consume (and appreciate) this content are more likely to sign up for the company’s email newsletter. And ultimately become customers.
Here’s a quick peek at their content hub:
Also, create lead magnets . These are high-value pieces of content only accessible to users who share their information in exchange.
(In other words, they’re a type of gated content specifically designed to generate leads.)
For example, users must fill out a form to download this Slack report :
Lead magnets often take the form of templates, ebooks , or white papers.
Tip: Get content ideas with Semrush’s Topic Research tool. Enter any topic and your domain to find subtopics you’ve never covered before. And discover the latest industry trends.
4. Offer Live Chat Functionality
Live chat makes it easy for people to ask questions about your products or services while they’re browsing your site. That means they’re less likely to give up when they don’t find the information they need.
Plus, live chat has the potential to capture lead data.
Take the below example from Kantata. The AI bot automatically invites users to request a demo or speak to an expert.
During the conversation, prospects are encouraged to share their information and discuss their needs. Then, Kantata can add all useful details to their customer relationship management (CRM) system.
The conversational approach chat uses can make visitors more comfortable with sharing their data. It also allows you to quickly address any concerns that are holding them back.
5. Run Lead Generation Ads
Lead generation ads are online ads designed to generate leads—i.e., get prospects to share their information with your business.
You can use various types of online ads to drive traffic to lead generation landing pages . Such as paid search, paid social, and display ads.
For example, here’s a paid search ad for NetSuite’s accounting software:
The main link directs prospects to a landing page that features a lead generation form :
However, some advertising platforms have lead generation tools built in.
On Facebook, you can use Lead Ads to collect users’ information.
Facebook automatically populates the forms with available user data. This makes the process quicker and easier for prospects, reducing the risk of drop-off.
On Google Ads, you can use lead form assets to add call to action (CTA) banners to your ads.
These CTAs open native lead generation forms (meaning they appear directly in the ad rather than sending the user elsewhere). This can simplify the user journey and increase the chance of conversion.
Tip: Use Semrush’s PPC Advertising Toolkit to find campaign keywords, spy on your competitors’ ads, and more.
6. Leverage SEO
SEO helps you establish and improve organic (unpaid) rankings on relevant search engine results pages (SERPs). This can drive traffic to pages you decided to prioritize as part of your lead strategy.
It also gives you a competitive advantage. The higher you rank for topical keywords, the more likely you are to detract clicks from your rivals.
In this example, Wix ranks in the second organic position for “ecommerce website builder.”
Above rivals like Squarespace:
This landing page gets around 8,400 unpaid visits per month from Google users in the U.S., according to Semrush’s Organic Research tool:
Among the useful content on the Wix page, various CTAs prompt visitors to become leads:
Tip: Use Semrush’s On Page SEO Checker to get recommendations for your landing pages. The tool provides optimization ideas based on the top 10 results for your target keyword(s).
7. A/B Test Different Lead Generation Tactics
A/B testing (or split testing) is a data-led method for comparing two versions of a webpage or another form of marketing material.
Here’s how it works for landing pages:
- Create two versions of your content: the control and the variant
- Display the control to 50% of your audience and the variant to the other 50%
- Compare key metrics to see which version performs best
Use split testing in combination with various lead generation methods to maximize conversions.
For example, you can compare landing page headlines. Find out which ad types work best. And test different quotes in your case studies.
Tip: If you’re interested in split testing for SEO, try SplitSignal . Once it’s set up on your website, you can launch tests in just a few clicks. And easily analyze the results.
8. Encourage Positive Reviews
Positive reviews can play an important role in your lead generation efforts. Because many people look to their peers’ opinions before engaging with a brand.
For example, Slack has positive ratings on third-party review sites. Helping to instill confidence in potential leads.
Here’s their average rating on popular review site G2:
If you’re a local business, Google reviews are particularly important. Because the quality and quantity of ratings can impact your visibility in Google’s map listings.
For example, notice how the top-ranking businesses for “bbq joint in memphis” have a high volume of reviews and a high average rating:
So, encourage your satisfied customers to leave positive reviews. Try reaching out via email once they’ve had time to experience your product or service.
When you get reviews, respond to them. This shows prospects that you care about customer service. And gives you the opportunity to neutralize any negative feedback.
Tip: Semrush’s Review Management tool allows local businesses to track reviews across multiple directories. And monitor their reply rates on Google.
9. Try Remarketing
Remarketing (or retargeting ) is displaying ads to users who visited your website but didn’t convert. The idea is to re-engage these prospects and turn them into leads.
This can be an effective tactic in your strategy for lead generation because website visitors have already expressed an interest in your brand. They might just need a little extra time (or convincing) to provide their details.
Or perhaps they never landed on the right page in the first place.
To minimize costs and maximize conversions, create your remarketing campaigns thoughtfully. For example, you can target prospects who visited key landing pages on your site.
On advertising platforms like Google and Facebook, you can create “lookalike audiences.” This allows you to target people who share key characteristics with previous customers.
And make sure to create an effective landing page for your campaign. One that’s highly targeted to the target audience and designed to generate leads.
10. Run Contests or Giveaways
Contests and giveaways can be great additions to lead generation marketing strategies because they incentivize people to provide their contact details.
But you need to collect the right types of data. And ensure you get users’ permission to follow up.
It’s also important to choose the right prize. So you can engage the right kinds of participants—i.e., prospective customers.
For example, a cash prize might attract all kinds of entrants. Whereas a year’s subscription to your software will engage higher-quality prospects.
Try running contests or sweepstakes via your own website.
Like Quiksilver has here:
On a dedicated competition platform like Rafflecopter or Gleam :
Or on a partner website. (You’ll need to reach out to publishers and influencers in your niche. To see if they’re interested in running a contest and collecting data on your behalf.)
For example, Capital FM hosted this competition for Ebay:
Before hosting a contest, it’s important to understand the platform’s capabilities. And any rules or regulations that apply.
11. Offer Free Tools or Trials
If your business is in the software-as-a-service (SaaS) industry, offering free tools or trials can be one of the most effective lead generation techniques. Because it attracts people who are likely interested in your solution. And offers them real value.
For example, Semrush has a Free Website Traffic Checker . Which is available to users without an account.
People who want more information are prompted to sign up for a free account:
Plus, there are many other benefits of a free Semrush account . These benefits incentivize prospective customers to sign up for Semrush (i.e., become leads). And give them a taste of a paid subscription.
12. Host an Online Event
Host an online event that requires attendees to register in advance. That way, you can gather valuable data about them (with the proper permission).
Pre-registration also creates a sense of anticipation and commitment. Which can lead to higher participation and engagement levels.
Make sure to choose a topic that will appeal to your target audience.
For example, Shopify hosts regular webinars that help users switch from other platforms:
People who reserve a virtual seat at these events clearly have a high purchase intent. By collecting their details, Shopify can continue the conversation via email or other means. And try to convert them into customers.
13. Publish Case Studies
Like reviews , case studies help prove that your business meets customers’ expectations. They demonstrate the value of your products and services.
This makes case studies one of the most effective types of content marketing for lead generation.
At Semrush, we publish success stories that showcase results from various businesses. Users can filter by client type, industry, and company size to get a realistic idea of what’s achievable:
These case studies feature specific results (like increased revenue or decreased costs) that are of particular interest to potential customers. And tell the story behind them.
CTAs prompt readers to sign up for free and try the platform for themselves:
14. Connect with Prospects Using Social Media
If you want to capture lead data on social media, you’ll probably need to run ad campaigns .
But organic social media is still a valuable addition to your lead generation strategy. Because it can help you connect with your target audience.
Here are some social media best practices:
- Create profile(s) on the social media platforms where your target audience hangs out
- Publish social media content that appeals to your target audiences
- Focus on native content, but don’t be afraid to link to your website (or elsewhere)
- Engage with potential customers by starting conversations and answering questions
- Monitor engagement metrics to see which posts perform best, and adapt accordingly
For more advice, check out our social media management guide. Or enroll in the Social Media Marketing Crash Course .
Tip: Semrush’s social media tools allow you to schedule posts, analyze your audience, track results, and much more.
Regularly posting valuable content keeps your brand top-of-mind and nurtures leads by providing the information they need to make informed decisions.
Semrush's Social Content AI can help you maintain a consistent posting schedule by generating content ideas, crafting engaging posts tailored to your brand, and even designing eye-catching visuals.
The tool also simplifies the promotion of lead-generating events like webinars by creating social media posts directly from your event landing page.
By tracking your analytics, you can see how this consistent, high-quality content drives brand visibility and contributes to your lead generation efforts.
15. Create a Referral Program
Create a referral program that rewards existing customers for referring new ones. Once it’s up and running, customers will generate leads for you—there’s very little work required on your end.
For this tactic to successfully support your lead generation strategy, you need to provide a strong incentive.
Some businesses do this by rewarding the person providing the referral and the person receiving it. To maximize the chance of success.
For example, Girlfriend Collective customers can refer a friend. If the referral is successful, they get a free pair of leggings and their friend gets 30% off:
Strong customer service is also essential to your referral system’s success. Because unhappy customers won’t recommend your business to their peers.
Tip: Also, consider starting an affiliate program. This incentivizes publishers to refer leads in exchange for a payment or commission. Check out our affiliate marketing guide to learn more.
Lead Generation Best Practices
Whichever tactics you use, make sure to apply these overarching lead generation best practices:
- Perform audience research: There’s no use applying lead generation techniques to people who’ll never want or need your business’s solution. So, make sure to define your target audience and tailor your approach accordingly.
- Focus on quality over quantity: Low-quality leads can waste your sales team’s time. So, focus your attention on high-quality leads who are more likely to generate revenue. Even if that means narrowing your audience more than usual.
- Use data responsibly: You have a responsibility to collect data properly and store it with care. But beyond legal implications, this is important for building trust with your audience. Only request the data you need. And clearly communicate how you’ll use it.
- Analyze user data: Don’t just use data to contact leads. By collecting and analyzing lead capture data at scale, you can better understand your target audience. And improve your market segmentation strategy .
- Measure your results: Identify and measure key metrics to see which lead generation tactics work best for your business. In many cases, you’ll want to focus on the conversion rate (i.e., what percentage of visitors become leads).
- Iterate your approach: Businesses, audiences, and markets change. That means it’s crucial to periodically review and improve your lead generation plan.
Also consider how you’ll nurture your leads—i.e., convert them into customers.
If you’re building a sales funnel, the next step is lead qualification .
This is the process of analyzing data to see which leads are most likely to become customers and deliver the highest revenue. It helps you prioritize your efforts.
You can then reach out to those contacts.
It’s important to follow up promptly. And to use the data you’ve collected effectively.
For example, personalized email marketing can help you nurture leads in the earlier stages of the buying journey. But someone with higher purchase intent might be ready for a sales call.
Learn More About Lead Generation and SEO
SEO is one of the most popular tactics in businesses’ lead generation strategies.
To explore the subject in more depth, enroll in the Semrush Academy course How to Boost Lead Generation with SEO .
Or jump straight in with the help of our SEO Toolkit .
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Considering starting a lead generation business? We'll guide you through the key steps, from the first client acquisition to cost-effective budgeting and methods to deliver quality leads to your clients.
https://snov.io/blog/how-to-start-a-lead-generation-business/
How To Start A Lead Generation Business: Essential Guide
So you’ve probably spent a few years working as a marketer or sales representative, gained tons of insights and valuable experience, and now you are considering kickstarting your own lead generation business.
To find your footing, you need some diligent research and insider tips. Let this post be your friendly guide through it all, presenting all the essentials to get you up and running.
What is a lead generation business?
Why start a lead generation business, six vital steps to start lead generation business.
- How to attract the first clients for your lead gen company?
Key methods to generate leads for your clients
- How much does it cost to start a lead generation business?
Bottom line
A lead generation business is an intermediary company or agency that provides prospects for other companies.
Lead gen companies act as brokers getting their commission for solving the biggest challenge for 61% of marketers—generating quality leads.
Need more reasons to open your own lead generation agency? Keep on reading!
Simply put, the lead generation industry is booming. It reached $3.24 billion in 2023 and will most likely go even higher this year. The critical need for quality leads drives such impressive growth: 53% of marketers now allocate over half (!) of their budgets to lead generation, and 58% plan to increase these budgets shortly. So, answering your question, “ Is lead generation business profitable ?” we say, “Yes!”
The future for lead gen companies looks bright and promising. The average cost per lead in B2B sectors is around $200 . With the majority of midsize to large companies generating fewer than 5,000 qualified leads per month, there’s a clear demand for effective lead generation services .
Need a strong lead base?
Snov.io delivers quality leads in minutes
Yet, running a lead gen company means high responsibility, as your actions will correlate directly with the company’s success. Therefore, you need a deep understanding of the market and a thought-out strategy.
In this chapter, we’ll break down the essential steps you need to take to start a new chapter in your marketing career.
How to start lead generation business:
✅Choose your niche
✅Determine fees and costs
✅Identify your target audience
✅Develop relevant lead generation strategies
✅Focus on a proper outreach
✅Measure and analyze your lead generation activities
1. Choose your niche
Today’s lead generation market is vast, and specializing in a specific industry or category can give you a competitive advantage. Narrowly focused agencies tend to stand out more and can offer tailored services that broad-spectrum agencies usually can’t.
Hence, selecting a niche must be your first step. Tech startups, financial services, or maybe real estate? Choose the field that you’re knowledgeable or interested in. Additionally, conducting market research to determine the most profitable niches would also bring valuable data to consider.
2. Determine fees and costs
Achieving a balance between offering fair prices that reflect your value and ensuring financial sustainability is crucial for your lead generation agency’s success. Though, it’s also challenging. If you set prices too low, you might attract more clients but might not cover expenses, while pricing your services too high might deter potential customers.
So, when setting your fees, consider factors like the complexity of the lead generation process for your niche, the tools you’ll need, and the time you and your team will invest in it.
3. Identify your target audience and build customer relationships
Knowing your target audience includes understanding their business goals and challenges. This valuable information will help you tailor your services to meet their specific needs.
For example, a survey revealed that 68% of companies struggle with identifying their sales funnel . It means there’s a vast opportunity for your lead gen business to build relationships with these companies by offering valuable insights on what steps they need to take to close more deals.
Then, you’ll scale your value by providing these businesses with qualified leads who are genuinely interested in your client’s product or service. This will undoubtedly bring you the desired conversions and help you gain a loyal customer.
4. Develop relevant lead gen strategies
Effective lead generation tactics vary from niche to niche. They include SEO, content marketing, using LinkedIn for B2B leads, or a blend of them.
Let’s take a closer look.
- SEO: Essential for niches where customers search online. It’s cost-effective, with leads costing 60% less than traditional ads.
- Content marketing: Used by 76% of marketers, it’s an excellent tool for every field, but especially for education-based niches such as podcasting.
- Social media: 66% of marketers successfully generate leads after spending only 6 hours per week on social media marketing.
Social media platforms have their audiences, so it is crucial to take that into account when planning your next lead generation campaign.
The goal is to show your clients that you can match your lead generation strategies with their unique needs, using data to guide your choices and integrating it smartly for maximum impact. For example, combining LinkedIn outreach with SEO-driven content in tech industries can be particularly effective.
11 LinkedIn Lead Generation Strategies And Practical Tips For B2B Success
August 28 2024
LinkedIn Sales Prospecting: Techniques, Use Cases, New Method Tested
November 13 2024
5. Focus on a proper outreach
In lead generation business , outreach is fundamental as it can significantly improve lead quality. It’s like having a one-on-one conversation with prospects, which is much more engaging than generic advertising. You can tailor your messages based on the recipient’s interests, industry, or behavior, and this targeted approach means your messages are more likely to resonate with the addressees, increasing the chance they’ll respond.
You can try various outreach strategies, such as:
- personalized cold email campaigns
- social media messaging
- cold calling
6. Measure and analyze your lead generation activities
You need a clear understanding of how your lead generation company performs.
Which strategies are bringing in the best leads?
Where are you spending money with little return?
You should know the answers to these questions to fine-tune your lead generation campaigns, ditching what doesn’t work and doubling down on what does. Otherwise, you risk going down the wrong path and losing your clients.
You get a real sense of your agency’s effectiveness by tracking key metrics like conversion rates (how many leads turn into customers) and the cost per lead. Keep in mind that measuring and analyzing your activities should be an ongoing and regular process so you can steer your agency in the right direction.
How to attract the first clients for your lead gen company ?
Starting a lead generation business brings its first big challenge: attracting initial clients. In this chapter, we’ve prepared some actionable Problem-Solving strategies to overcome this hurdle.
Challenge #1: Unclear value proposition
Solution: Clearly define your offer
To find the first clients for your lead gen business, you should clearly articulate the unique value your agency provides. Develop a compelling elevator pitch that succinctly communicates how you can solve clients’ challenges. A compelling value proposition will attract customers and serve as a guiding principle for your overall lead generation business strategy.
Challenge #2: Building credibility
Solution: Leverage your network and referrals
As a new business owner, try using your existing professional network for referrals . Reach out to connections from previous roles and use LinkedIn and other platforms to share your expertise. Personal referrals and a positive online image are amazing tools in establishing your first customer database .
Challenge #3: Visibility in a crowded market
Solution: Use social media smartly
LinkedIn is a well of opportunities for B2B networking. Share your approach to lead generation, insights about industry trends, and some of your marketing experiments. Comment on the posts of potential clients and industry leaders and participate in relevant discussions.
How To Reach Out On LinkedIn: Messaging Tips & Best LinkedIn Outreach Templates
How To Book A Meeting On LinkedIn: Snov.io Experience
Instagram, Twitter, and Facebook are best for sharing infographics on lead generation statistics, short clips from your workshops or webinars, and even behind-the-scenes glimpses of your work life. You can also create polls, quizzes, and interactive posts that engage your audience.
Quora is an underrated platform where you can demonstrate your expertise. Look for questions related to lead generation and provide valuable answers. This can drive traffic back to your website or LinkedIn profile. You can also share your own lead generation experiences, which can be interesting to your potential customers on a more personal level.
By using social media platforms with your ideal customer profile in mind, you can significantly boost your agency’s visibility and build a community around your brand. In turn, this community may bring you more potential customers.
Challenge #4 : Outreach rejection
Solution: Be persistent with follow-ups
Rejection in cold outreach is a common thing, unfortunately. But your success will depend on your next steps. Don’t give in after a potential lead neglects your cold email or call. Provide follow-ups. Luckily, there are numerous solutions that can help you plan your follow-up strategy.
For example, the Snov.io Email Drip Campaigns tool helps you build your cold outreach sequence from start to finish. You can program all follow-up emails to be automatically sent to potential leads who have rejected your first outreach efforts at a particular time of day with a certain interval.
Alternatively, you can also try out Snov.io’s ready-made follow-up templates or rely on the Email AI Assistant to craft highly personalized follow-up emails that would be more relevant to your recipients and encourage them to accept your offer.
Challenge #5: Demonstrating value
Solution: Focus on your expertise over results
Getting clients when your business is brand new and you haven’t built a reputation yet is a complicated task. Understandably, companies don’t want to put their marketing budgets at risk, so they are more likely to pay attention to established agencies with proven experience.
Nonetheless, there are some tricks that can help you. For instance, it’s worth asking your clients for testimonials in exchange for a discount or creating case studies to showcase your lead generation techniques, expertise, and lead generation tools you use.
In this chapter, you’ll find methods and sources to use and mix to develop an individual lead generation strategy for your client’s businesses.
Methods to generate leads for your clients
Lead generation tools
Search engine optimization (seo).
- Social media
Social media
Social media platforms are valuable resources for lead generation. LinkedIn, Facebook, Twitter, Instagram, and even TikTok can be used to engage with potential customers. The key is to provide value through content that educates, entertains, or informs your audience, creating opportunities to engage with audience.
For B2B lead generation, we strongly recommend you make the most use of LinkedIn. This social network provides a perfect opportunity to connect with decision-makers and cultivate professional relationships with potential customers. Consider the possibilities: a vast network of 1 billion users at your fingertips!
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Cold email outreach is a proactive strategy. It involves reaching out to people who don’t know you or your business.
This may sound risky, but this approach will bring positive results if done right. The key is to personalize your email message to every recipient and showcase the value of your service to a client.
With tools like Snov.io Email Drip Campaigns, you can automate and personalize your cold outreach at scale.
In addition, you can A/B -test your campaigns, different types of emails, or just parts of them, such as subject lines , call-to-actions, or email body, to determine which option is most effective.
Furthermore, consider including a clear and concise invoice email strategy in your outreach sequence to ensure timely payments.
Advertising on platforms like Google Ads or social media can yield immediate results. It also allows for precise targeting to specific demographics, interests, and behaviors, which makes your ads more relevant to the audience.
In this realm, a partnership with Google ads agencies can offer a strategic advantage, optimizing campaigns for maximum visibility and conversion, thus ensuring that your investment translates into tangible leads and, ultimately, sales growth.
However, this method may be rather costly as paid ads require continuous financial feeding. Once you stop paying, the traffic and leads usually stop as well.
Moreover, many people don’t appreciate nagging and distasteful ads, so it’s important to make them appealing and engaging. In addition, some users develop so-called ‘ad blindness,’ subconsciously ignoring the content inside your advertisement. All this can lead to lower click-through rates for paid ads. Considering the cost of paid advertising, not all your clients will be ready to invest. So, the best way out for your lead gen company is to balance paid advertising with organic lead generation strategies.
How much does it cost to start a lead generation business ?
One of the first questions a novice entrepreneur is likely to ask is, “How much does it cost to start a lead generation company?”
Well, the cost can vary, and it depends on several factors:
- Size of your company. How many employees are you going to hire? Are you going to work remotely or rent an office? Questions like this will help you determine the size of the initial capital you need to set aside to start your business.
- Technology and tools. Investing in software tools like CRM systems, lead generation software, etc., also requires financial resources. These tools are vital but come at varying prices. Choose the ones that fit your business needs and are cost-effective.
- Marketing and website. Costs can vary based on factors such as the scope of services, the complexity of design and functionality, etc. For example, instead of hiring a boutique design agency to create a website using an AI website generator for you, try searching for freelancers who can provide similar results for less money. Additionally, you can use tools like a reputable privacy policy generator to help easily make essential legal policies for your website to meet the data privacy requirements for marketing.
- Legal and administrative costs. Depending on your location, there may be legal fees for business registration, licenses, and possibly insurance. For instance, it costs $50 to start an Arizona LLC . In contrast, forming one in Texas typically costs about $300 for the initial filing.
Here is an example of rough calculations:
Initial setup
It could range from a few hundred to tens of thousands USD. For instance, if you’re tech-savvy, you can set up your own website and take advantage of free automation tools at the beginning of your journey. Or you can allocate a bigger budget and invest in online ads, professional website developers, and a spacious office.
Ongoing costs
These include software subscriptions, salaries for your employees (if you have them), potential administrative costs, and marketing initiatives. You could be looking at anywhere from $100 to several thousand dollars per month, depending on how many people work with you and what strategies you choose.
Contingency budget
It’s always wise to set aside extra resources for unforeseen expenses. A small contingency fund can help you face unexpected costs without significant stress.
The good news is that starting a local lead generation business is often more affordable than many other types of startups, especially if you start small and scale as you grow. The key is to start modestly and be ready to invest smartly.
Starting a lead generation business , attracting first clients, and setting a solid foundation for your lead gen company is not easy. But hey, Rome was not built in a day! Now you know what essential steps you need to take to help your new company succeed and prosper. Concentrate on quality leads and equip yourself with robust tools like Snov.io to automate email outreach and lead generation for your customers.
And remember: every big venture starts with a first step. And who knows, maybe your lead gen business will be the next big thing in the industry!
What do you need to do when starting a lead generation business?
Is starting a lead generation business worth it, what is a lead in business, can you make money with lead generation.
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How to Create and Execute a Successful Lead Gen Strategy
Updated: June 17, 2022
Published: January 29, 2015
Your audience no longer wants you to buy their attention — they want you to earn it.
This means lead generation strategies need to be revamped across the industry to better meet the needs of target markets.
To highlight the importance of a powerful lead generation strategy, we are going to backtrack a little bit first.
Are you familiar with the analogy of the professor who presented his class with the challenge of trying to fit rocks, pebbles, sand, and water into a jar as efficiently as possible?
By prioritizing the biggest items and placing them in the jar first, he was able to optimize the amount of space used. Your business should take a similar mindset when implementing today's lead generation tactics into your inbound marketing strategy.
The Rocks, Pebbles, and Sand of Inbound Marketing
Like the professor who challenged his class to neatly fit rocks, pebbles, and sand into a jar, your inbound marketing strategy consists of rocks, pebbles, and sand. Here's what I mean by this:
- What are the large rocks that are the most essential to your strategy?
- What are the pebbles that serve as secondary, supportive tools for your business?
- What small stuff or distractions are the sand of your business?
Most businesses would argue that their customers are their "rocks", but I have another approach.
While it's indisputable to say that customers are essential to any business, I want you to instead think of them as the water that was used to finally fill the jar. The water was poured in only after everything else was firmly compacted in the jar.
Your business can benefit from taking this same mindset in your inbound marketing strategy.
The 4 L's of a Lead Generation Strategy
Your content is your rocks. Fill your jar first with content, as compelling content plays a huge role in generating leads. This includes the tools used to generate traffic, such as your blog , SEO, PPC, and social platforms.
Approximately 96% of business-to-business customers want content from industry thought leaders to inform their buying decisions. Creating compelling content is your key to establishing yourself as that go-to, educational leader in your industry.
You know what they say : you can catch a lot of flies with honey, but you can catch more honeys being fly. Try that cliche in a bar and it might end with a drink thrown in your face, but adapting that mindset in your inbound marketing strategy could not only improve lead generation rates but also increase the number of qualified leads your business attracts.
So, we've got our rocks — our content — in place. This article will focus primarily on the step that comes after that step — your pebbles, or the best practices for generating leads using your content.
You will quickly understand how companies that are hopping aboard the content train are generating 67% more leads per month than those who don't. Let's unpack the four L's of lead generation.
1. Lead Capture
Odds are that about half of your visitors will never return to your site if you do not adequately capture some bit of information from them. A working email address is the best thing a marketer can ask for here, but visitors are not always willing to give this kind of personal information up. Call-to-action (CTA) buttons like "Sign Up Here" have practically become synonymous with "We are Going to Spam You", which is why marketers need to find new ways to obtain this information.
Nicholas Kusmich, a Strategic Marketing Consultant and Facebook Ads Specialist, suggests a new rule of thumb for obtaining visitors' information. Kusmich suggests 2 golden rules be taken into account:
- We must give before we ask.
- Every step of the marketing process (advertisements and promotions) must be valuable in and of itself.
Kusmich goes more in-depth with these concepts in his article, " 2 Golden Rules for The New Era of Marketing ," but for now let's focus on that first rule.
Can you believe there was once a time, many years ago, where the opt-in email box was practically a luxury? It meant all the information you wanted would be delivered right to the comfort of your home. "What a time to be alive," we all thought. That day is now long gone. We now find ourselves fending off information from all angles.
Somewhere between installing pop-up blockers and dumping our spam folders, we made an oath to never "Sign Up Here" again. It's time marketers start gradually breaking down those walls that potential buyers have put up, by using new, mutually-beneficial opt-in methods to acquire their information. The best marketing method for this technique of "giving before we ask" includes using lead magnets.
2. Lead Magnets
A successful client lifecycle requires optimizing the process for converting visitors into leads. Unfortunately, a hole exists between the traffic generation phase and the lead generation phase that often results in one-time visitors who neglect your attempts to capture their information and never hear from you again.
You can seal up that hole with lead magnets . Lead magnets are tools that provide value for your visitors in exchange for their contact information. Businesses use lead magnets such as email opt-ins, subscriptions, and social media follows to fish for some sign of interest from their site's visitors.
The goal of this is to receive permission from visitors to follow up. Some examples of lead magnets include free:
- Training video series
- White papers
- A set of bonus tips
- An interview with an expert on a relevant topic
These free-of-charge educational tools will confide your visitors in your offering, allowing you to both obtain their email address and educate them on your business.
Whichever elements you use as lead magnets should be outlined in your marketing plan , as well as any goals, budget, or timelines for the creation of these marketing assets.
Download the Free Marketing Plan Template
3. Landing Page Conversion Techniques
Another huge asset to your business when trying to convert visitors into leads are landing pages . This can be any page that someone lands on after clicking on an advertisement or other online marketing elements. It is also important to note that landing pages exist separately from your company's website, and typically are used as a tool for a single marketing campaign.
A free, basic course on creating successful landing pages can be found on thelandingpagecourse.com . You can also learn lots of landing page tips and best practices from HubSpot's existing blog posts on landing pages .
For a quick video overview on the HubSpot Blog's expert lead generation tips, check out our video guide.
We will go over some of the basics of effective landing page design right now, but definitely check out those resources later on for a more in-depth breakdown of the different components involved.
Landing pages serve the dual purpose of capturing leads and warming up potential customers. Both of these are essential stepping-stones before moving a customer further down your sales funnel. Additionally, there are two types of landing pages:
Lead generation landing pages are used to capture a user/company's information in exchange for something. This relates back to the concept discussed earlier, of "giving before we ask."
Download this free guide to learn the best practices for generating leads with high-converting landing pages.
Click-through landing pages are used to attract the visitor to the specific product or service that you are trying to sell. The goal is to educate your visitor with enough information that they proceed to make a purchase.
Landing pages have one call-to-action in mind. Instead of overwhelming visitors with information regarding your business and all the products and services you offer, it is essential that you narrow the focus down to one specific goal in mind. Be sure to cut out any excess information that isn't essential to the campaign, and be sure to include only one form or CTA link for them to utilize.
The most important element of your landing page is that it delivers the promise that your ad source made. If your ad says "Get 50% off computers here," you need to reassure the visitor as soon as possible on your landing page that you will deliver that.
One way to do this is to make the CTA on your ad source the headline on your landing page. Another way is to make sure the font, coloring, and images used in your ad are duplicated on your landing page to some degree.
4. Lead Scoring
Lead scoring is a component of marketing automation software that helps prioritize your leads according to their levels of engagement with your inbound marketing content and ultimately help you figure out who is ready to buy. It can also help you identify what they are interested in if setup correctly.
This technique is used to quantify interactions that prospects have with your content by assigning points for different types of engagement. An example of the different types of engagements and their point values might look like this:
- Download an ebook: Add 5 points
- Watch a product overview video: Add 7 points
- Job role not a good match: Deduct 10 points
- Fill out opt-in form: Add 7 points
- Unsubscribe from a list: Deduct 7 points
Surprisingly enough, 79% of B2B marketers have not established a lead scoring strategy . Lead scoring provides your company with real-time feedback on how responsive your leads are to your marketing efforts. It can also indicate people who are ready to buy from you, but haven't yet been in contact with you.
This point-based approach to recognizing and analyzing a company's hottest leads will save your business time and money when reaching your target market and capitalizing on sales opportunities. With your hottest leads identified, your business can communicate with these leads confidently knowing that they are already aware of and interested in your business.
Lead generation plays a role in every business's marketing strategy. Think about how many business sites you have visited since the dawn of the internet that you will never return to again. Not only did those businesses fail to capture your attention at that given time, but they failed to reconnect with you in the future.
This is a result of neglecting the lesson discussed in the jar analogy — prioritizing the different elements of your marketing strategy so that a foundation is in place for you to build an efficient and effective approach around.
With your content in place, your business can begin using lead magnets, lead capture, effective landing page design, and lead scoring to optimize lead generation rates and create an overall better-performing inbound marketing strategy.
Editor's note: This post was originally published May 2018 and has been updated for comprehensiveness.
Don't forget to share this post!
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Launch Your Own Lead Generation Business: The Ultimate Guide to Success in 2024
Lead generation is a lucrative business model, especially in today’s highly data-driven world. It refers to a service model where a business sells different types of leads to customers, which are mostly other businesses.
Today, nearly every business is competing fiercely to get more customers, expand their client base, and earn more revenue. In this competitive environment, a lead generation business can be a profitable and highly scalable venture.
In fact, Research and Markets indicates that the “lead generation solution market” could grow by a staggering Compound Annual Growth Rate (CAGR) of 17.5%. That means, the market could be worth over $9.5 billion by 2028.
This post will be a helpful guide for those looking to tap into this lucrative market and kickstart a potentially profitable venture selling leads to other businesses.
What Is Lead Generation?
It is a process that involves identifying and attracting potential customers (leads) to a business to sell products or services. According to the Benchmark Report of 2017 from HubSpot indicates that organizations were generating 1,877 leads per month on average. It’s such a popular business model, that there are lead generation books in the market too!
However, those numbers have had to change drastically considering the rapid increase in internet use and digital marketing efforts worldwide. In 2024, HubSpot also reported that a majority of marketers had “lead generation” as their top priority.
Businesses use lead generation to grow their business by expanding their customer base and increasing sales. It helps them drive up revenue while building new customer relations and improving existing ones. Such businesses also sign up with professional, reliable email list providers, like BookYourData, to get started with their outreach campaign.
How Does Lead Generation Work?
Depending on the industry, the lead generation process could vary. Usually, it involves social media posting, running email marketing campaigns , SEO, and paid advertisements. The main goal is to gather emails, phone numbers, and other relevant contact information of potential clients.
Of course, this needs to happen within the data privacy and online security regulations of the specific region. Once this data is available, businesses can qualify and pursue the most valuable leads to gain their interest.
Benefits of Starting a Lead Generation Business
Why would someone start a lead generation business? As the above-mentioned statistics indicate that lead generation is a lucrative market, it could help create a recurring revenue stream . But there are more reasons as well.
Recurring Revenue Stream
By investing in a lead generation business model, entrepreneurs can create an additional - or primary - revenue stream. Once the business is up and running, the company can attract potential clients and start selling them qualified leads.
High Demand
Be it a small business or a large enterprise, every business needs customers. And bringing in new customers is an effective outcome of the process called “lead generation”. It is a highly valuable and in-demand service.
Scalability
A great benefit of starting a lead generation business is that there are a ton of tools and software solutions in the market. They serve as assets that make scaling easier for the business as it grows. Moreover, email verification tools like the online tool at BookYourData help verifying emails in bulk to save both time and resources.
Low Overhead Costs
Unlike a brick-and-mortar business, a lead generation business can be run from the comfort of a couch. The majority of the processes involve using software tools, digital applications, and CRM systems. While manual intervention is necessary, it isn’t the main determinant of success during the startup phase.
Flexibility
As said earlier, lead generation business is a highly flexible option. Since it involves the use of digital applications and tools, entrepreneurs can run it from anywhere. That too, without bearing overhead costs like renting a large office space
Diverse Client Base
It’s not just one industry that wants leads, it’s many. From real estate to healthcare, there’s a long list of industries that turn to lead generation services to gain new clients. So, a diverse client base is likely.
Defining Your Target Audience
Before a lead generation business kicks off, it needs to ascertain what type of customers it is looking for. Since lead generation services are required by so many industries, there are several factors for consideration that can pinpoint the most lucrative target audience for such a business model.
Researching Potential Customers
The business should start with research into potential customers. For example, the lead generation business could target B2B companies or small local businesses that want to expand their customer base.
Identifying Qualified Leads
After identifying the target audience, the next step involves separating qualified leads from the list. These are prospects that are more likely to convert into paying customers. In a report by Semrush , attracting qualified leads was a top challenge for marketers.
Creating Ideal Customer Profiles
Once qualified leads are sorted, creating ideal customer profiles (ICPs) can help. This details the individual client needs and pain points. Moreover, it can also help with audience segmentation based on common parameters.
5 Tips for Developing a Lead Generation Strategy
After the target audience is all set and identified, the next step will involve creating an effective lead generation strategy. Here’s how a budding enterprise can create a targeted lead generation strategy :
Choosing the Right Channels and Platforms
It is ideal to begin by exploring the best channels for lead generation. These will include Google Ads, SEO, and LinkedIn - they can also serve as part of a comprehensive strategy.
Selection the Appropriate Generation Process and Tools
Using cold emailing software and dedicated B2B lead databases can also help a lead generation business attract “leads” for itself.
Among the many services available, BookYourData is a top choice for any lead generation business because of its deep knowledge of email marketing and its wide array of business tools, such as a built-in real-time email verification function upon each export and industry-first 97% accuracy guarantee.
Crafting Effective Generation Campaigns and Messages
It is always advisable to include targeted email campaigns into the mix. They can not only help bring new clients but also nurture them to encourage purchases. That’s something many lead generation companies also help, like BookYourData.
Optimizing Conversion Rates With Sales Funnels
A lead generation business will need to optimize its sales funnel by regularly checking the performance of active campaigns and sales efforts.
Establishing Cold Email Protocols and Best Practices
Cold emailing is one of the best practices to attract prospects. Moreover, it benefits from personalized messaging, relevant content, and clear CTAs to improve conversions.
The Lead Generation Process
It helps when the business leaders have an in-depth understanding of the lead generation process. Of course, that is one of the first things to do when starting a lead generation business.
Lead Generation Marketing
Marketing is a huge part of the process. It involves advertising, social media campaigns, and SEO to gather the attention of potential clients and start generating income.
Gauging a Lead’s Level of Interest
Since not all leads are equal, the lead generation process requires professionals to gauge the interest levels of leads to see which ones are more valuable.
5 Steps to Start a Lead Generation Business
While starting a lead generation company is a relatively more nuanced process that involves more than five steps, summarizing it into just 5 highlights the key processes.
Step 1: Laws to Consider While Starting a Lead Generation Business
The professionals at the head of such business ideas need to consider laws like the CAN-SPAM and GDPR to ensure compliance with regulations.
Step 2: How Much Will It Cost You to Start a Lead Generation Business?
The next step is to assess the potential costs involved with starting this business. It is important to mention that lead generation startups have low initial costs.
Step 3: How Will Your Lead Generation Business Make Money?
There are different ways to make money in a lead generation company. For instance, the most popular income models include:
- Qualified lead sales
- Commission-based models
- Monthly retainer services
Step 4: How to Acquire Clients for Your Lead Generation Business?
Such businesses usually turn to content marketing and social media - cost-effective methods - to connect with potential clients. Tapping into LinkedIn networks is also a viable strategy.
Step 5: Measure and Analyze Your Lead Generation Efforts
For the business to be successful, there needs to be regular performance monitoring. It will lead to better strategies and help in optimizing processes to get better results.
5 Methods to Generate Leads for Your Clients
A company can use numerous methods to generate leads. Here are a few of the most effective ones:
Use a Lead Finder or Database
There are dedicated B2B contact databases where they can find potential leads.
Cold Outreach
Cold emailing and cold calling can also help to connect with prospects.
Search Engine Optimization (SEO)
Through local and general SEO, businesses try to rank higher in search results for relevant keywords. This puts them closer to potential clients.
Paid ads through different platforms - like Facebook and Google - can also help reach new clients.
Social Media
Social media platforms like LinkedIn (a prominent B2B platform), Instagram, X (formerly Twitter), and Facebook are excellent channels for reaching potential.
Must-Have Tools for Any Lead Generation Business
For any lead generation business, having a handful of marketing and other tools is necessary. For instance, automation tools and CRM systems can help a lead generation business stay organized. Such tools offer streamlined data management and data sharing capabilities.
Moreover, they also come with analytics features that improve decision-making. However, the type of tools a lead generation business needs might depend on their budget, immediate requirements, and a few other factors. Let’s take a look at the most common tools such a business can use.
B2B Contact Database
A B2B contact database is where most companies find qualified leads. What’s important to note is that these databases are usually highly optimized which makes finding specific leads, sorting them, and managing them extremely easy.
With BookYourData, there's a demonstrated history of success, evidenced by their 100k+ users and 20k+ paying clientele. Furthermore, their flexible pricing model accommodates both pay-as-you-go options and the benefits of tiered pricing with volume discounts.
Email Provider
Hearing “email provider” would instantly make a professional think about popular emailing platforms. Gmail, Outlook, and ProtonMail are some of the examples of an email provider service. They are not just useful for sending and receiving emails. In fact, they help with running and automating email campaigns.
Operating without a CRM system is among the cardinal sins of running a modern business, especially in the lead generation niche. These software solutions offer a way to track and manage leads by optimizing the sales funnel. Hence, they help a lead generation business make sure that no opportunities go untapped.
Tips for Growing Your Local Lead Generation Business Site
Growing a local lead generation business begins with investing in local SEO. This could include setting up a “Google My Business” profile with relevant information. Here’s more!
- Set Up Local SEO
Here, creating backlinks to local sites and directories could help. Moreover, the site should appear in the “Google My Business” profile along with accurate contact information (and website link). Also, integrating the site with relevant keywords should help it rank higher for local searches.
- Creating High-Quality Content
SEO-optimized content is one of the best ways to attract local clients to the business. This means generating content that is relevant, up-to-date, and includes the right keywords. For instance, Backlinko revealed that nearly 76% of searchers who use “near me” in their searches tend to visit within a day.
- Social Media Posting
A local lead generation site can benefit from regular social media activity. Since there are over 5.1 billion social media users around the world, being on relevant platforms could help a business connect with its target audience cost-effectively.
- Targeted Local Ads
Another way to boost the local site is to run targeted ad campaigns. These would appear on search engines, social media platforms, and other sites. This strategy mixes both content marketing and keyword optimization to reach the right audience.
Key Points to Remember When Starting a Lead Generation Business
So, starting a lead generation business can be an excellent way to generate recurring income. Like any other modern business model, it will require extensive research and planning to get a lucrative start.
However, it will be continuous learning and process improvement - along with regular monitoring - that lead to stable operations. More importantly, that is what will help in creating a steady stream of income.
When selling leads as a lead generation company, it is important to abide by the laws and data privacy rules to prevent legal complications. At the same time, using the latest tools and optimizing lead generation strategies will help deliver effective outcomes at a consistent pace.
What Industries Benefit the Most from Lead Generation Services?
Technology, healthcare, finance, real estate, and marketing are just some of the industries that usually focus on lead generation services.
What’s the Difference Between Inbound and Outbound Lead Generation?
The inbound strategy uses SEO and content marketing to ‘lead’ customers to the business. Whereas, the outbound strategy involves cold outreach emails and calling to ‘reach out’ to potential customers.
How Much Should I Charge for Leads?
The price of leads can vary significantly - anywhere from $30 to $400 per lead. It depends on lead quality, volume, and industry.
Signing up with BookYourData with 10 free leads offers a strategic advantage for those venturing into lead generation. With their expertise in digital marketing, they can segment and refine data, ensuring it aligns with the target audience's interests.
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How To Start A Lead Generation Business - The Ultimate Guide
A lead generation business is a fantastic way for anyone with practical sales and marketing skills to offer a valuable service to other businesses with proven demand.
You don’t need to build a product, can use tried and tested strategies, and don’t need to reinvent the wheel to see results.
In this guide, I’m going to show you everything you need to know about how to start a lead generation business or agency from scratch.
We’ll cover everything, including:
What is a Lead Generation Business?
How much does it cost to start a lead generation business.
Useful Tools and Software For Lead Generation Businesses
What Kind of Business Entity will You Need for Starting Your Lead Gen Agency?
Laws to Consider for Starting Your Lead Generation Business
Defining the Target Audience of your Lead Generation Business
How do Lead Generation Businesses Earn Money?
What Industries Pay the Most for Leads?
Acquisition Channels for Lead Generation Businesses
How to deliver leads to your clients.
By the end, you’ll know exactly what to do to get your business off the ground.
Let’s dive in.
A lead generation business sells qualified sales leads to clients (other businesses) who want more customers. Essentially, a lead generation business is a broker between their clients and people who match their clients’ ideal customer profiles.
Business owners use lead generation agencies and services because they don’t have time to focus on client acquisition themselves, but still want a predictable stream of new leads coming in every month.
If you can build a system that enables you to send a list of qualified prospects to established businesses every month, you’ll be able to generate consistent profits without needing to even get on the phone with the leads you’re sending your clients.
There are a few popular models for lead gen agencies, and I’ll get to those later in the post.
Now, let’s take a look at some of the reasons for starting one.
Why Start a Lead Generation Business?
1. low barrier to entry.
If you’re dreaming of starting a business but don’t have a product or service to sell, lead generation is an option.
The barrier to entry is low, as you don’t need to build anything (except your systems).
If you have a background in sales and marketing, you’ll be able to get off the ground quickly.
And, considering over half of marketers say generating new sales-ready leads is their biggest challenge, there’s clear demand.
2. Easily Validate Your Idea and Industry
If you want to find demand for the type of leads you’re going to be selling, just head to Google.
Chances are, you’ll see a list of Google Ads.
That’s the validation you need.
Business owners and marketers at these firms are willing to spend money to drive qualified traffic to their websites.
If you can deliver them leads on a plate every month, they’ll be happy to spend that money on your services instead (or as well as) of their paid ads.
You’ll need to package and sell your services in a way that’s convenient for them, and we’ll get to that later.
Starting a lead generation agency has a small cost barrier, but it’s far more accessible than many other business model types.
A lead generation agency can be started with a website and a couple of tools to help you reach out and engage with leads.
Let’s take a look at some essential and nice to have tools in the next section.
Useful Tools and Software for Lead Generation Businesses
Keep in mind that the pricing we mention is a ballpark figure. Depending on the plans and features you need for each tool below, the price may vary.
Domain Name
Estimated cost: $10-20 per year
A custom domain for your business and website is essential. No one will want to do business with you if you only have a Facebook page and a LinkedIn account. You don’t need a complex website, but a place to showcase what you do will be good.
Google Domains and Namecheap are two good domain registrar options.
When buying your domain, buy two at the same time. One will host your website, and the other will be used for your cold emailing (more on this later).
Email Provider
Estimated cost: $5-10 per month
To send emails at scale you’ll need a paid Outlook or Google account.
We’ve found that Outlook has better email deliverability , but either will work well and are better than sending from a free account.
When you set up your email account, make sure to configure all of the technical details like DMARC, SPF, and your DKIM records. Without these, email servers won’t know who is sending emails and there’s a high chance that your emails land in the spam folder.
Estimated cost: $49 per month
We’ll get into it more later, but you’re going to need a tool to help you automate and personalize your cold outreach.
QuickMail includes all of the features required for personalized outreach, such as the ability to import prospects and schedule email campaigns.
It’s designed specifically for lead generation agencies , with features like:
Native integration with a free email warm-up tool MailFlow
Inbox rotation for multiple team members
Analytics to see what’s working
Manage every campaign from one dashboard
Our software also integrates with Zapier, so you’ll be able to send leads to Google Sheets, your (or your clients’) CRM, and automate other tasks you need to simplify your workflow.
A website, email address, and email outreach tool are the basics that you’ll need to run personalized, automated outreach campaigns to generate leads for your clients.
LinkedIn Sales Navigator
Estimated cost: $99 per month
If your clients have B2B companies, LinkedIn will be a great way to find leads .
You’ll be able to quickly identify leads in your industry using advanced search features, and use LinkedIn automation software to connect and engage with prospects at scale.
Sales Navigator is essential if you’re using LinkedIn regularly, and I’ll show you more benefits to using LinkedIn in your lead generation business further down.
B2B Contact Database
Estimated cost: $100 per month
A tool like Apollo will let you find email addresses at scale based on lead demographic and firmographic criteria.
For example, you can run a search for companies with {{Software company}} + {{10 employees}} + {{Chicago}}.
The tools will give you a list of companies that match your criteria, and you’ll be able to start reaching out to them to see if they’d be interested in your clients’ services.
Estimated cost: $296 per month
If you’re generating leads based on the technology they use (e.g., Shopify store owners), BuiltWith is an amazing tool.
Add the technology a client should be using, and it’ll show you all the websites in the database that use it and extra details on other tools in their tech stack.
It’s expensive, but if it lets you generate qualified leads, it’ll quickly deliver ROI.
Estimated cost: $80 per month
Unbounce is an easy-to-use landing page builder that will help you create pages to use in ad campaigns.
You don’t need any coding or design knowledge to build high-converting landing pages, and it connects with a variety of CRMs, Zapier, and email marketing platforms.
With these tools, you can run professional outbound campaigns with access to detailed information on prospects. You can be confident that your targeting is good, and speed up your lead generation workflow.
There are more affordable landing page builders available on platforms like WordPress, but Unbounce is simple and effective and you can get off the ground quickly. Assuming your site visitors are qualified, it’ll deliver clear ROI.
As you’re going to be reaching out to companies and dealing with leads and clients’ personal details, you should set up a business entity, like an LLC.
I’d strongly advise against running any lead generation campaigns without the protection of an LLC.
If you need to hire people to help you run your company, you can hire full-time employees, or work with contractors and freelancers for specific tasks.
Laws to Consider For Starting Your Lead Generation Business
Another consideration is that you’ll need to abide by all the laws surrounding cold outreach in your area.
This could include:
CCPA (California)
CAN-SPAM (US-wide)
CASL (Canada)
GDPR (European Union)
Luckily, none of these explicitly forbid cold outreach to business owners.
However, they do forbid you from sending low-quality emails to prospects who clearly won’t be interested in your services.
This means you can’t just scrape a list of 1,000 prospects from LinkedIn and hit send on your email campaign.
Take your time to review your email list , personalize every email you send, and focus on quality over quantity.
Defining the Target Audience of Your Lead Generation Business
Arguably the most important part of starting your lead generation agency is deciding who your customer is – i.e., who you’re selling leads to.
This affects everything, from your branding to your sales tactics, to how you generate leads.
Here are a few factors to think about when deciding on your customer type:
1. Local vs. Industry-Based
Local lead generation is a popular model.
This means you’ll target companies in a certain city or region. For example, you might want to target:
Real estate agents in London
Software development agencies in Boston
Plumbers in NYC
The key is that your market is located in one easily defined area. It’ll make identifying potential customers easy, but there are some downsides to consider.
Benefits of Focusing on Local Lead Generation:
Less competition
Easy to identify potential customers
Access to local resources like your Chamber of Commerce or local business networks
Easier to build relationships with local business owners
Can use channels like Direct Mail
Disadvantages of Local Lead Generation
Harder to scale indefinitely
Smaller total addressable market
Smaller clients may have smaller budgets
Another option is to focus your lead generation business on a particular industry.
You’ll have a larger potential market, and in theory, can have more total customers than if you were only focused on businesses in a local area. National or international companies will have larger budgets and may understand the ROI on your services better than a small local company would.
For example, you might sell leads to:
Software companies
Design agencies
Financial advisors
Benefits of Industry-Based
Can still be highly specific
Allows for scale into new countries and markets without changing messaging much
All customers will have similar pain points
You won’t run out of leads
Downside of Industry-Based
Potentially harder to find great-fit leads
More diluted messaging
Average Contract Value / Cost Per Lead
Another method of choosing your market would be based on Average Contract Value, or the typical industry Cost Per Lead.
Industries where leads cost more could be more profitable, as you can then charge more to the end customer.
For example, a financial advisory firm or a software development agency would likely be willing to pay more for a list of leads than a hair salon would.
An easy way to find out if an industry has high competition and high cost-per-lead is to use tools like Ahrefs or Google Keyword Planner .
For example, if we look up searches for the keyword ‘Hair Salon’ in the United States, we can see that the average Cost Per Click (CPC) for search ads is $2.50.
On the other hand, the CPC for ‘Financial Advisor’ is $30.00.
Financial advisory firms are having to pay far more to get potential clients to their site with ads, and if you can generate truly sales-ready leads, most would be willing to pay several hundred dollars per lead.
If you have a system to generate leads for financial advisors, chances are, they’ll be happy to pay good money for those leads.
That said, don’t only focus on CPC.
In most cases, it will be harder to generate leads in more competitive industries, and you’ll have more competition. Other lead generation agencies will be focused on the market. However, as long as you have good sales skills to acquire clients and have a system to predictably generate leads, it’s still a good option.
If you’re torn between two types of customers, consider reaching out to those customers with a cold email or cold call and ask if they’d be interested in a lead generation service.
After all, you need clients to have a business.
If they tell you it’s a service they’d use, you have validation.
Next, you’ll need to consider how you’re going to make money.
Are lead generation businesses profitable?
Your lead generation business can be very profitable if you can find the right margin between your cost to acquire leads and the price you sell the leads for.
There are 500+ successful lead generation companies currently listed on Clutch . Many of them have over 1,000 employees, which is a clear sign lead generation businesses can be lucrative and scalable.
To find the right profit margin and build a lucrative lead generation agency, you need to think carefully about:
the target audience you plan to sell leads to (we already spoke about this)
the pricing model you want to run with
the lead generation channels you wish to leverage
I’ll dive deeper into each of these below. Let’s start with some of the more common pricing models for lead gen businesses.
Option 1: Monthly Retainer
A popular model is the flat fee retainer model.
It’s a simple strategy, and it works by sending companies a set amount of leads every month for a fixed price.
Essentially, you’ll provide a service like ZoomInfo or Apollo , but in a white-label, white-glove style.
After all, business owners don’t want to be filtering through hundreds of thousands of potential leads. They would prefer a set amount, pre-qualified, delivered to them.
Depending on the industry, lead qualification level, the price you can charge will vary.
One consideration when choosing this model is that it can be harder to charge a premium.
As you’re delivering a pre-agreed amount of leads, you’ll risk focusing on quantity over quality. This could result in lower conversion rates for your clients, making them less receptive to continuing with your service.
As well as that, if you deliver a small business owner 300 leads at once, it might be too much for them to handle.
They’ll pay you once, but then cancel, as it’ll take them months to go through the list due to the constraints of their business and team size.
Option 2: Cost Per Lead
Another variation is a Cost Per Lead (CPL) model.
You can usually charge anywhere from $20 to potentially hundreds per lead, depending on your industry and how qualified the lead is.
This method usually takes more work than the flat fee model, and most companies selling leads on a CPL basis
This is popular for a few reasons.
First, you can use your client’s branding, assuming they’ve agreed to it when you pitched them. Your ads and lead generation strategies can be uniquely targeted to their perfect customer, and won’t be as generic as if you were just dipping into a lead database.
Secondly, it makes selling easy. Your clients will be confident knowing they only pay if the leads you deliver match their ICP.
Third, it’s easy to work out your profit margins. A simple way to work it out is:
Price Client Buys Leads from You – Cost to Acquire Lead = Profit
There’s also potential for the leads to be higher quality. If you’re using Facebook or Google Ads, the leads entering your sales funnel will be actively looking for help with a problem your customers can help with.
If your ads include a form submission, those form submissions will contain information your client can use to make closing the sale easy for them to close.
Another strategy, which we’ll cover more later on, is to set up websites for your lead gen efforts.
For example, you could set up a website optimized to rank for a query like “Lawyers in Seattle”. The website can have a contact form, with clear instructions to fill it out with relevant details, and a way to get in touch with them. Once your site is ranking, it’ll be bringing in leads on auto-pilot. This is a great strategy, and we’ll cover it more in-depth further down.
There are several variations on the CPL model.
You could charge based on:
Cost per meeting/appointment
Cost per form fill
Exclusivity of leads (i.e., can you sell them to other clients too?)
You’ll be able to charge more for a successful meeting than a form filled, but the upfront cost and sales funnel you use will need to be more advanced.
What Industries Pay The Most For Leads?
As mentioned above, the market you choose will dictate how much you can charge per lead.
There are also other factors affecting how much people will pay for leads. Some of those factors include:
Lead engagement level
The information available on the lead (e.g., did the lead provide you with details on budget, purchase intent, etc.)
As a rule of thumb, industries that will pay the most for leads are generally those that will cost you the most to bid on in Google Ads.
The most expensive keywords to bid on, according to Google Ads data , are:
Insurance ($54.91/click)
Loans ($44.28/click)
Mortgage ($47.12/click)
Attorney ($47.07/click)
Credit ($36.06/click)
That said, don’t ignore industries that aren’t on these common lists.
Look for industries with high Customer Lifetime Value (CLV), as a high CLV means companies are more willing to pay higher costs upfront to acquire customers.
Not all industries are big on PPC. For example, enterprise software companies won’t rely purely on ads, as they’ll have a dedicated in-house team of SDRs.
If you can deliver leads worth potentially hundreds of thousands (or more) to companies with high CLV, you’ll be able to charge a high price but still deliver big value to your customers.
So, you have an idea about the market you’re in, and how much you can charge for leads.
But, how will you acquire leads for your customers in the first place?
Let’s take a look at some of the most effective ways to generate leads for your lead gen agency clients.
Cold Email Outreach
If your clients want B2B leads, then cold email is an effective, highly targeted, and powerful way to get in touch with potential leads.
It’s easy to get started with.
You’ll need a domain for your cold emailing efforts (I’d recommend having a dedicated domain for your cold email – for example, sending emails from domain.io when your website is hosted on domain.com).
This means if your email address ever gets blacklisted, it won’t affect how your emails to existing clients and contacts are delivered.
To start, create a list of prospects using tools like Sales Navigator. Verify those emails to ensure they’re not going to bounce. You can do this inside QuickMail .
Then, write personalized emails to each one.
You can use an email template for your emails, but you should always add unique personalization to each one
One way to verify if your email is personalized is by asking: “Could I send this email to anyone else?”.
If the answer is yes, it’s not personal enough.
One way to easily personalize emails at scale is by using merge tags. This lets you import a CSV of prospects with a personalization field and automatically add them to your email.
For example, you could have a field called {{first_line}} where you write out a personal first line for each prospect, or include a customized {{PS}} at the end of your email.
A key reason to use cold email software over manually doing everything is that you can automatically follow up without thinking about it.
In QuickMail, you can add another Step to your campaign, and your follow-up will be sent at a predefined interval (e.g., 4 business days after no reply).
If prospects reply before your follow-up sends, they’ll be paused in your campaign, so there will be no issues with automatic emails being sent to people you’re already talking to.
One of the best parts of cold emailing is that it can be scaled up or down as you need to. Once you build an effective system for personalizing every email and have found email and follow-up templates that generate positive replies, it can run like clockwork.
Finally, if you’re sending cold emails regularly, you’ll always need to ensure your emails are landing in your prospects’ inboxes.
Check out our guide to cold email deliverability here for actionable tips on that.
Cold Calling
Cold calling is an awesome way to generate leads when done well. In fact, 82% of buyers say they have accepted meetings with salespeople after being contacted through a cold call.
You’ll be able to use cold calling to generate leads for your clients, but you can also use it in your own business to reach out to prospective clients.
If you don’t want to spend all day on the phone, an effective way of using cold calling in your lead gen workflow is to call people who don’t reply to your first email.
A simple way to do this is to add a Task to your QuickMail campaigns with a cold call step.
If prospects don’t reply, you can add a task, with details such as a call script, and quickly pick up the phone and call them.
QuickMail has a native integration with Aircall which is a powerful way to manage your cold calling campaigns.
Once you’ve found a basic cold calling script that works, it’ll be a powerful tool in your lead generation system.
If you have a budget, creating highly targeted landing pages with a lead capture form (in exchange for an asset like an eBook or other useful information) then promoting those through Google Ads is an effective way to capture leads.
Using Keyword Planner you can quickly identify valuable keywords to bid on, and get in front of relevant audiences that your clients want to promote to.
Once you’re capturing leads, make sure to send them on to your clients quickly. After all, the longer you wait, the less interested the leads will be.
Facebook Ads
Facebook Ads are a simple and effective way to generate leads. You’ll need to spend money to get started, but once you find a formula that works you can slowly scale it up and have a predictable way to generate leads.
Facebook Ads work well for local lead generation because it’s simple to define your target audience.
You can direct your leads to a landing page, or, use Facebook Lead Ads. Your call-to-action can say “Add your details to get a callback from us”, and anyone needing the services your clients offer will be happy to do so.
However, before spending hundreds on FB ads, find out if they work for your market.
You can use the Facebook Ad Library to see if companies in the industry you're targeting are using ads.
For example, here are the ads Google is currently running:
You’ll be able to see how much engagement different ads get, and how long companies run them for. If they’ve been running them for several months, you can assume they’re delivering ROI, and you can learn from them when implementing your own ads.
You can add your competitor’s Facebook pages to find out what kind of ads they’re using, and which ones are working for them.
However, Facebook Ads aren’t for every lead generation company.
If you’re just getting started, it doesn’t make sense to jump into ads.
Validate your services using cold email or cold calling, then, when you know people respond to your value proposition, run tests with ads.
They can get expensive quickly, both financially, and in terms of your management time. You’ll need to check the ad spend, performance, continually optimize them, and it’s going to cut into your week.
As well as that, if your business relies on Facebook and your ad account gets frozen, you’ll have no backup plan and won’t be able to generate enough leads to send your clients.
If you can create a website that ranks well for terms that leads are searching for you can generate qualified leads for your clients with ease.
This is particularly effective if you’re targeting a local area, as you get the opportunity to rank in Google’s local pack .
If you know what you’re doing with SEO, it’s an amazing way to generate local leads.
As long as your website content matches the search intent, provides relevant information, and includes a contact or inquiry form, you’ll be able to collect leads that you can then deliver to your customers for a cost.
Even if you can easily generate leads using paid ads or cold email, having your website work for you will ensure you never need to worry about having your lead flow dry up. You’ll always have new, interested, and qualified prospects to deliver to your clients.
Create targeted landing pages for every region you target
Create useful eBooks, blog posts, and informational content that your leads can download
Host online tools like calculators or quizzes
The benefits of using SEO are that, if done well, your leads will be pre-qualified, and you know they’re already in the market for a solution or service like what your clients can offer.
The main downsides are that it takes time to rank in search engines. If you’re in a competitive industry, you’ll need to invest in creating a technically good website, secure hosting , high-quality content, and may need to build links to be in with a chance of ranking.
Until your website is ranking, no one is going to be arriving, and you won’t be generating any leads.
There’s also a risk that your site loses its rank over time if you stop investing in SEO. If that happens, you’ll start losing lead volume and will need to diversify your lead acquisition strategies to keep serving your clients with leads.
If you’re in an industry that has buyers and decision-makers on LinkedIn, you need to be there.
Typically, it’s a fit if your clients are B2B and sell to a customer that also uses LinkedIn. It’s a fit for businesses like:
Software development companies
Accountancy firms
Other similar professional services
As mentioned previously, make sure you have a Sales Navigator account.
It gives you access to improved targeting criteria, removes limits on searches, and gives you the ability to save accounts to your CRM.
There are a variety of automation tools available for LinkedIn to speed up your prospecting, too.
Some useful ones include:
Zopto for automatically connecting with leads
Alfred for messaging and follow-ups to leads
Lusha to extract emails from LinkedIn
If you’re in B2B, LinkedIn will likely have the highest ROI of any social media platform, and it’s continuing to grow.
HubSpot research found that traffic from LinkedIn generated the highest visitor-to-lead conversion rate at 2.74%, almost 3x higher than Twitter (.69%) and Facebook (.77%).
Like with other cold outreach strategies, when connecting with prospects, make sure to add a personalized note and aim for quality over quantity. It may take longer, but the results will make it worth it.
You can also run ad campaigns on LinkedIn. The average CPM is expensive compared to Google or Facebook Ads, with advertisers paying on average $6.59 per 1000 impressions . But, if you’re targeting a B2B audience, it’s the perfect social media platform to use.
Finally, ensure your profile is up-to-date, professional, and reflects the service you’re providing.
Fill out as much relevant information as you can. It’ll help you close new clients as they trust you’re a good fit for their lead generation needs.
For The Best Results, Combine Marketing Strategies
When you first start your lead gen agency, you’ll focus on one or two channels.
In most cases, this is going to be cold email and LinkedIn outreach because they have low upfront costs compared to ads.
But, once you’re making money, reinvest into other marketing channels. If you can identify and close clients using cold email, you can try and turn those same value propositions into Facebook Ads.
Over time, you’ll have a flywheel of strategies that work together.
This will ensure leads are always coming in, and you’re able to grow your lead generation agency in a sustainable way without an over-reliance on a single channel.
So, you’ve built a marketing system that’s bringing in leads every month.
Now you need to build a system to easily hand off leads to your clients in a seamless, efficient way, giving your clients the best chance of closing them.
Here are some effective, and easy ways to deliver leads to clients.
Let’s say you have a landing page with an eBook download that’s ranking well for a keyword your clients’ leads are searching for.
To download the eBook, someone needs to fill out a few personal details, such as.
You’ll have access to those details immediately, and to give your clients the highest chance of engaging with them and closing a sale, they’ll want to reach out as soon as possible.
There are a few ways to automatically send leads to clients.
You could create a Google Sheet for your client, which will include all of the leads you send them.
Use Zapier to send leads who fill out your form directly to the sheet.
At the same time, Zapier can send an automatic email to your client with details on the lead.
This enables your clients to immediately react and reach out to the lead.
Once your automations are in place, it’ll be easy. Your clients will be updated whenever a new lead arrives, and they’ll also have a central spreadsheet with all of the leads you’ve generated in one place.
Lead Distribution Software
If you’re just getting started, simple tools linked with Zapier will allow you to create a lead delivery system that works in the majority of situations.
But, if your business is growing you’ll want to look into lead distribution software.
Some common options include:
These integrate with your client sites and will help you stay organized and track results in a more efficient way.
Databowl has tools to help you create landing pages, track ROI across every channel you’re using for lead gen, and a lead validation system so you’re not sending clients bad leads.
If you’re just getting started, it’s not going to be worth investing in lead distribution software immediately. The benefits arrive when you have multiple clients and a high volume of leads to distribute quickly.
Wrapping Up
Lead generation businesses are an excellent way for experienced salespeople and marketers to put their skills to the test and get paid for it.
There’s a low barrier to entry, but don’t let that fool you.
Clients won’t want to work with you if the leads you send them are low quality and uninterested.
It takes work to build a lead generation funnel that works, and all of the acquisition channels we’ve mentioned here are worth testing.
Most agencies will end up focusing on one to three main channels. For you, it could end up as cold email, Facebook Ads, or even SEO. But, it takes effort to make any of them work, so be patient, and focus on quality.
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How Do I Start A Lead Generation Business?
- Rabia Tingat
- May 13, 2024
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The demand for qualified leads is more pronounced than ever in today’s dynamic business landscape, making lead generation businesses even more important than ever. As entrepreneurs explore avenues for starting their own ventures, delving into the realm of lead generation presents a compelling opportunity. But what exactly does it entail to embark on this entrepreneurial journey? This comprehensive guide aims to illuminate the path, offering insights into the foundational aspects of initiating a lead generation business. From understanding the intricacies of the lead generation industry to uncovering the vast array of opportunities it presents, let’s navigate the landscape of starting a lead generation business , and uncover the keys to success in this thriving sector.
What is Lead Generation Business
Lead generation is the process of identifying and attracting potential customers, or leads, who have shown interest in a product or service offered by a business. Essentially, it’s about initiating and nurturing relationships with individuals or organizations who are likely to become paying customers. This process involves various marketing and sales tactics aimed at capturing the attention of prospects, engaging them with valuable content or offers, and ultimately guiding them through the sales funnel towards conversion. Lead generation is a fundamental aspect of marketing strategy for businesses across industries, serving as the bridge between initial interest and eventual purchase.
Types of Leads and Lead Generation Methods
B2b lead generation:.
Business-to-business (B2B) lead generation focuses on attracting and converting leads within the realm of businesses. This typically involves targeting decision-makers or key stakeholders within other businesses who have a need for the products or services being offered. B2B lead generation methods often include networking events, industry conferences, email marketing campaigns, and content marketing strategies tailored to address the specific pain points and challenges faced by businesses.
B2C Lead Generation
Business-to-consumer (B2C) lead generation, on the other hand, revolves around attracting and converting leads who are individual consumers. This involves understanding the needs, preferences, and behaviors of target consumers and crafting marketing campaigns to resonate with them on a personal level. B2C lead generation methods can include social media advertising , search engine optimization (SEO), pay-per-click (PPC) advertising, and influencer marketing , among others.
Online and Offline Lead Generation Techniques
Lead generation techniques can be categorized into online and offline methods, each with its own set of strategies and tactics. Online lead generation techniques leverage digital channels such as websites, social media, email, and search engines to attract and engage leads. This includes activities like content marketing, social media marketing, search engine optimization, and email marketing. Offline lead generation techniques, on the other hand, involve in-person interactions and traditional marketing methods such as networking events, trade shows, direct mail, and cold calling . Both online and offline lead generation techniques can be effective depending on the target audience, industry, and business objectives. The key is to choose the right mix of strategies that align with the goals and resources of the business.
Planning Your Lead Generation Business
Market Research and Analysis:
- Before diving into the world of lead generation, thorough market research and analysis are essential. This involves studying the industry landscape, identifying market trends, and understanding the needs and pain points of potential clients. Analyzing competitors and conducting SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis can provide valuable insights into market gaps and opportunities for differentiation.
Defining Your Target Audience:
- To effectively generate leads, it’s crucial to have a clear understanding of your target audience. This involves creating detailed buyer personas that outline the demographics, interests, behaviors, and challenges of your ideal customers. By defining your target audience, you can tailor your lead generation strategies and messaging to resonate with their needs and preferences.
Identifying Niche and Specialization:
- Identifying a niche or specialization within the lead generation industry can help you stand out in a crowded market and attract clients with specific needs. Whether it’s focusing on a particular industry vertical, geographic location, or type of lead generation service, finding your niche can provide a competitive advantage and position your business as an expert in a specialized area.
Creating a Business Plan
A well-crafted business plan serves as a roadmap for your lead generation business, outlining your mission, vision, goals, and strategies for success. Here are key components to include:
Mission and Vision: Define the purpose and long-term aspirations of your lead generation business. Your mission statement should articulate the value you aim to provide to clients, while your vision statement outlines your ultimate goals and aspirations for the business.
Services Offered: Clearly outline the services your lead generation business will offer, including lead generation methods, lead qualification processes, and any additional services such as lead nurturing or conversion optimization.
Marketing and Sales Strategy: Detail your marketing and sales strategies for attracting clients and generating leads for your business. This may include digital marketing tactics, networking events, partnerships with other businesses, and sales outreach strategies.
Financial Projections: Provide financial projections for your lead generation business, including revenue forecasts, startup costs, operating expenses, and projected profitability. Consider factors such as pricing strategy, client acquisition costs, and revenue streams to develop realistic financial projections that guide your business growth.
Setting Up Your Lead Generation Business
Legal considerations.
- Choose a suitable legal structure for your lead generation business based on factors such as liability, taxation, and ownership. Options include sole proprietorship, limited liability company (LLC), and corporation. Consider consulting with a legal advisor or accountant to determine the best structure for your business.
- Register your lead generation business with the appropriate government authorities to establish its legal identity. This typically involves registering your business name, obtaining a tax identification number, and filing any required paperwork with state or local authorities.
- Depending on your location and the nature of your business activities, you may need to obtain specific licenses and permits to operate legally. Research local regulations and requirements related to lead generation businesses, and ensure compliance with all applicable laws and regulations.
Setting Up Your Office Space
Determine whether you will operate your lead generation business from a physical office space or remotely. If setting up a physical office, consider factors such as location, size, and amenities. If working remotely, ensure you have the necessary technology and infrastructure to support your operations effectively.
Building Your Team
Assemble a team of skilled professionals to handle sales and marketing efforts for your lead generation business. Look for individuals with experience in lead generation, sales, digital marketing , and client relationship management. Consider their expertise, track record, and cultural fit when making hiring decisions.
Consider outsourcing certain tasks or functions to external vendors or contractors to supplement your in-house team. This could include services such as website development, content creation, graphic design, or administrative support. Evaluate the cost-effectiveness and expertise of potential outsourcing partners before engaging their services.
Building Your Lead Generation Infrastructure
Selecting the right lead generation tools and software is crucial for the success of your business. Consider factors such as functionality, ease of use, integration capabilities, and pricing when evaluating different options. Popular lead generation tools and software include customer relationship management (CRM) systems, email marketing platforms, social media management tools, and analytics software.
Building Your Website: Invest in professional website design and development to create a visually appealing and user-friendly online presence that reflects your brand identity and effectively communicates your value proposition. Ensure intuitive navigation, clear messaging, and compelling calls-to-action to encourage engagement and lead generation. Incorporate lead capture forms and landing pages, designed with conversion optimization in mind, to capture visitor information and convert them into leads. Test different variations to identify what resonates best with your target audience. Implement SEO best practices, including keyword research and high-quality content creation, to improve the visibility and ranking of your website in search engine results. Earn backlinks from authoritative websites to boost your SEO efforts and drive more traffic to your lead generation business.
Implementing CRM Systems for Lead Management: Utilize customer relationship management (CRM) systems to organize, track, and manage leads throughout the sales process. Choose a CRM system that aligns with your business needs and integrates seamlessly with your lead generation tools and software. Use CRM software to capture lead information, track interactions, automate follow-up tasks, and analyze performance metrics to optimize your lead generation efforts.
Acquiring Clients and Generating Leads
Network and Build Relationships: Connect with potential clients and industry peers at events, conferences, and through professional associations. Offer value, listen attentively, and provide solutions to their needs to forge genuine relationships. Networking can lead to referrals, partnerships, and collaboration opportunities, helping to acquire clients and generate leads.
Content Marketing Strategy: Create valuable content that educates, entertains, or solves problems for your audience. Develop a strategy aligned with business goals and audience preferences. Distribute content through blogs, social media, email newsletters, and guest posting to attract and engage potential clients, establish credibility, and generate leads over time.
Social Media Platforms: Utilize LinkedIn , Twitter, Facebook , and Instagram to connect, share content, and engage with your audience. Develop a strategy focusing on building relationships, providing value, and showcasing expertise. Use targeted advertising, influencer partnerships, and community engagement to expand reach and attract leads.
Paid Advertising and Lead Generation: Invest in paid advertising campaigns on platforms like Google Ads, Facebook Ads , or LinkedIn Ads. Target specific demographics, interests, and behaviors. Develop compelling ad creatives, landing pages , and clear calls-to-action to encourage lead capture and conversion. Monitor performance and optimize based on key metrics like click-through rates and ROI .
Managing and Nurturing Leads
Implement lead qualification and scoring criteria to prioritize and prioritize leads based on their likelihood to convert into customers. Define criteria such as demographics, firmographics, engagement level, and buying intent to evaluate and score leads effectively. Use lead scoring to focus your efforts on high-potential leads and allocate resources accordingly.
Develop lead nurturing strategies to engage and build relationships with leads over time. Create personalized and targeted email drips, educational content, and automated workflows to nurture leads through the sales funnel. Provide valuable information, address objections, and offer solutions to their pain points to keep leads engaged and moving towards conversion.
Establish regular communication with leads through follow-up emails, phone calls, and personalized outreach. Respond promptly to inquiries, provide timely updates, and address any concerns or questions they may have. Use a mix of automated and personalized communication techniques to stay top-of-mind and build trust with leads throughout their buyer journey.
Scaling and Growing Your Lead Generation Business
Regularly analyze performance metrics and key performance indicators (KPIs) to evaluate the effectiveness of your lead generation efforts and identify areas for improvement. Track metrics such as lead conversion rates, cost per lead, return on investment (ROI), and customer acquisition costs (CAC) to assess the performance of your campaigns and strategies. Use data-driven insights to make informed decisions, optimize your lead generation processes, and maximize your business’s growth potential.
Continuous Learning and Improvement
Embrace a culture of continuous learning and improvement to stay ahead of the competition and adapt to changing market dynamics. Stay updated on industry trends, emerging technologies, and best practices in lead generation through professional development, training programs, and industry conferences. Experiment with new strategies, tactics, and tools to test their effectiveness and identify opportunities for innovation and optimization. Encourage feedback and collaboration among team members to foster a culture of innovation and continuous improvement.
Expanding Services and Target Markets
Explore opportunities to expand your lead generation business by offering additional services or targeting new markets. Identify complementary services or solutions that align with your core offerings and add value to your clients. Consider expanding into new geographic regions, industry verticals, or customer segments to diversify your revenue streams and mitigate risks. Conduct thorough market research and develop a strategic growth plan to guide your expansion efforts and ensure long-term success.
Starting a lead generation business requires careful planning, strategic execution, and ongoing adaptation to market dynamics. Key steps include conducting thorough market research, defining your target audience, building a robust infrastructure, and implementing effective lead generation strategies. Success in the lead generation industry hinges on continuous learning, data-driven decision-making, and a commitment to delivering value to clients. By analyzing performance metrics, embracing innovation, and expanding services and target markets, lead generation businesses can position themselves for long-term growth and success in this dynamic and competitive landscape.
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How to Start a Lead Generation Business in 14 Steps (In-Depth Guide)
Updated: February 1, 2024
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The lead generation market is making a mark on the world with a 2021 evaluation of $1,900.34 million . The compound annual growth rate (CAGR) is projected at 11.91% from 2021 to 2027. This means the market could reach $3,733.52 million by 2027.
This comprehensive guide will walk you through how to start a lead generation business. You’ll learn about market research, competitive analysis, registering an EIN, obtaining business insurance, and more. If you want to tap into the expansive lead gen market, you’ve come to the right place.
1. Conduct Lead Generation Market Research
Market research is an important part of building a lead-generation business. Market research offers valuable insight into your target market, market saturation, lead generation strategies, trends in competitive lead generation efforts, customer relationships management systems, and more.
Several factors make owning a lead generation company a lucrative opportunity right now:
- More reliance on inbound strategies. Companies want to nurture and convert visitors versus cold calling that you’d be doing at a call center for instance. This requires a steady flow of interested leads.
- Customer relationship management systems are top of the list.
- Demand for specialization. Few companies can effectively run lead gen across multiple channels, niches, and technologies. Outsourcing to specialists is attractive.
- Sales team expansion. With the rise of inside sales teams, businesses need more leads to meet growth targets.
- Digital transformation. Companies new to digital need help generating online leads across social, SEO (such as copywriting services, content optimization, blog posts, etc.), paid ads, and more.
- Compliance needs. Regulations like TCPA require legal lead-gathering processes. Specialists can navigate this better.
- Data-driven marketing. Sophisticated lead scoring and nurturing depend on quality data that specialists can provide.
- The rise of account-based marketing. Targeting high-value accounts requires in-depth data and segmentation.
Several lead generation business models are profitable right now:
- Offering managed lead gen services to clients across various channels and campaigns. This model provides leads as a service.
- Specializing in a niche like healthcare, finance, or real estate and becoming experts in related compliance, data practices, and sales cycles.
- Focusing on specific high-ROI activities like email outreach, social media ads, event lead capture, or website conversion optimization.
- Building and monetizing assets like email lists, landing pages, and premium online content to generate leads.
- Providing technology and tools to automate and scale client lead gen efforts. This includes marketing automation, CRM, email tools, and more.
The time is right to capitalize on the demand. With the proper planning, execution, and marketing, new lead-generation businesses can capture market share, build recurring revenue streams through monthly retainers, and grow quickly. The key is specializing in high-ROI lead gen channels, technologies, and verticals.
2. Analyze the Competition
Understanding the competitive landscape is crucial for any new business, and lead generation is no exception. When assessing your competition, look at both offline and online players in your niche and region who offer similar services and compete for the same clients and leads.
For offline competitors like other local lead generation agencies, research their clientele, longevity, niche specialties, lead gen methods, and pricing. See if they have a strong regional presence and long-standing client relationships. This provides insight into what it will take to compete in your geographic area.
When evaluating online competitors, dive into:
- Their website and lead gen content assets like blogs, guides, and tools. Analyze their SEO and traffic to gauge their reach and authority.
- Social media presence. Look at follower counts, engagement levels, ad spending, and targeting. This shows their marketing prowess.
- Advertising footprints such as PPC/retargeting campaigns, sponsorships, and partnerships. See which lead gen traffic sources and networks they value.
- Client case studies and testimonials. Determine the types of clients and the results they showcase.
- Online reviews and reputation. Multiple negative reviews can reveal weaknesses to capitalize on.
- Email lists and lead magnets. Sign up and experience their lead capture and nurturing firsthand.
Monitoring competitors across these areas over time gives key insights into their lead gen positioning, blind spots, weaknesses, and more. With this intel, you can carve out your niche, highlight your differential strengths, and craft counter-positioning to stand apart. The analysis should inform your services, specialties, pricing, marketing, and areas you choose to “out-compete” rivals.
3. Costs to Start a Lead Generation Business
Getting a new lead generation business off the ground will require both upfront investments as well as ongoing operating expenses. Based on industry research and prior small business cost modeling, below is a comprehensive look at the likely costs involved:
Start-up Costs
- Business registration fees – $50 to $150 depending on your state and business structure. Don’t forget to factor in costs for drafting formation documents if using a lawyer.
- Website building – $2,500 to $5,000+ for an optimized lead gen site with content, graphics, contact forms, and more. Ongoing hosting will run $25 to $100 monthly.
- Initial software – $300 to $500 per month depending on needs. Includes CRM, email marketing, chatbot, and project management tools.
- Office equipment – $2,000 to $5,000 for computers, phones, printers, furnishings and supplies.
- Initial staffing – Consider 1-2 initial hires for sales, marketing, and operations at ~$4,000 per month salary plus ~$1,000 for benefits and employment taxes.
- Working capital – Have at least 2-3 months of operating expenses banked as a buffer. For staff, software, office space, etc. this could mean $15,000+ on hand.
- Professional services – $2,000+ for formation, consulting, branding, and legal review of contracts.
- Lead gen tools – $100 to $300 monthly for initially paid ads, list acquisition, and lead magnet hosting.
Ongoing Costs
- Staffing – This will expand over time. Industry averages are $55k salary and $15k benefits/taxes per inside sales rep and $65k and $18k per marketing pro.
- Office space – Typical commercial lease of $1,000 to $1,500 monthly plus utilities. Could be more depending on location and size.
- Software subscriptions – Will grow as you scale. Plan on $300 to $1000+ monthly for your core tech stack.
- Marketing budgets – $2,500 monthly for things like ads, content promotion, events, and sponsorships to generate leads.
- Professional services – Legal, accounting, consulting, etc. around $5000 annually.
- General overhead – Utilities, repairs, insurance, minor equipment. Budget around $750 monthly.
- Lead generation costs – Ongoing investments in paid channels, list building, etc. Size is based on your model but often 10-20% of revenue.
These projections indicate an estimated $55k – $85k in start-up costs based on key assumptions, followed by recurring monthly expenses between $12k – $25k. Actual costs will vary based on your location, team size, product mix, and more. But this provides a realistic benchmark for planning purposes.
4. Form a Legal Business Entity
When starting a lead generation business, one of the first key decisions is choosing your legal structure. The four main options each have advantages and drawbacks:
Sole Proprietorship
A sole proprietorship is the simplest and most common for solopreneurs. You operate under your name and income flows directly to you. This means no corporate setup costs, but also unlimited personal liability if sued. For lead gen businesses facing compliance issues or errors impacting clients, this liability is dangerous.
Partnership
Partnerships allow multiple owners to share control and liability. A general partnership is cheap and easy to establish with pass-through income, but partners are not protected from each other’s actions. A limited partnership offers more protection for “limited” partners but requires a formal agreement. Partnership disputes can disrupt the business.
Limited Liability Company (LLC)
A limited liability company (LLC) provides personal liability protection like a corporation without double taxation of income. For lead gen businesses, the liability shield is critical considering the frequent lawsuits and compliance actions in the industry. LLCs allow pass-through taxation, flexible distribution of profits, and less recordkeeping than corporations. Most lead-gen companies are structured as LLCs.
Corporation
A corporation shields owners from liability and allows for easier expansion through the sale of company stock. However, lead-gen businesses won’t typically benefit from stocks and the double taxation of dividends. Documentation and recordkeeping requirements are also more cumbersome. Still, C-corps offer the strongest protection when sued over a botched lead gen campaign.
5. Register Your Business For Taxes
One of the key legal steps for any new business is obtaining an Employer Identification Number (EIN) from the IRS. This unique identifier is critical for opening business bank accounts, applying for licenses, hiring employees, and more.
Unlike a Social Security Number, an EIN is specifically for tax purposes and identifies your business as a distinct legal entity. This is required for lead gen companies to legally operate, collect revenue, and pay taxes.
The good news is applying for an EIN is a fast and free process that can be completed entirely online via the IRS website . Here are the step-by-step instructions:
- Navigate to the EIN Assistant and review the requirements to ensure you have the right documentation ready.
- Select the appropriate applicant type for your business structure. For most lead gen companies, you’ll choose Limited Liability Company (LLC).
- Provide basic information about your LLC such as name and address.
- When asked about the responsible party, enter your name, SSN, and position.
- Select your main reason for applying. For lead gen businesses, choosing “Started a new business” is appropriate.
- Specify whether you want the IRS to mail your EIN confirmation or have it viewable immediately.
- Carefully review all entries to ensure accuracy before submitting.
Once approved, your EIN will be provided on the spot. Keep this in a safe place as you’ll need it frequently for business purposes. Don’t forget to also complete state-level registration and apply for any required sales tax IDs. With your EIN in hand, you can start ticking off key legal and financial milestones in launching your lead generation business.
6. Setup Your Accounting
With fluctuating monthly revenue and frequent client invoices, rigorous accounting is crucial for lead-generation companies. Missing key financial data can result in painful IRS penalties and audits down the road. That’s why upfront investments in accounting software and professionals pay major dividends.
Open a Business Bank Account
Begin by separating personal and business finances. Open a dedicated business bank account that will house all revenue and pay all expenses. This segmentation makes reconciliation and reporting much easier come tax time.
Accounting Software
Next look into small business accounting solutions like QuickBooks to centralize tracking of invoices, expenses, payments, and more. The automation and integration with bank/credit card accounts saves tons of manual data entry and improves accuracy. Plans start around $30/month.
Hire an Accountant
While the software does the heavy lifting, partnering with an accountant takes stress off your plate. A qualified bookkeeper can handle tasks like monthly close, fixed asset tracking, and payroll. Expect to invest around $300 to $500 monthly for these services.
Come tax season, your accountant will be invaluable. From managing quarterly estimated payments to producing financial statements and your annual tax return, they save you time and potential IRS issues. Year-end preparation typically costs between $1000 – $3000 depending on your needs.
Apply for a Business Credit Card
A key accounting consideration is establishing business credit in your company name. While personal cards work initially, specialized business credit cards offer higher limits and keep expenses separate. Limits are based on your company’s revenue, time in business, and credit score.
7. Obtain Licenses and Permits
Before taking on clients or generating leads, new lead gen companies must have proper licensing and permissions in place. Find federal license information through the U.S. Small Business Administration . The SBA also offers a local search tool for state and city requirements.
City/local business licenses – Most cities and counties require all businesses operating in their jurisdiction to be registered and licensed. Fees are generally under $100 annually. This allows you to legally operate, proves you comply with zoning regulations, and provides the city visibility for potential audits or legal issues.
Fictitious business name filing – If your company name doesn’t contain the full legal name of the owner(s), you must file a “Doing Business As” in your state to register your chosen business name. This prevents brand confusion and protects your name. Costs range from $10 to $50.
Data security compliance – Depending on where leads are sourced and how data is managed, your business may need compliance with regulations like HIPAA or GDPR to legally handle sensitive information. Failure can mean heavy fines.
Professional certifications – Some lead gen niches like mortgage, insurance, and legal require certain professional licenses to operate. Research rules for your focus area.
Phone/text regulations – Telemarketing and text message laws limit outreach methods. Get familiar with TCPA and other rules to avoid illegal calling or texting. Fines per violation can be over $15k.
Seller’s permit – If selling taxable goods or services directly to consumers, most states require a seller’s permit or sales tax license to collect and remit sales tax. Some states have no minimum sales requirement.
Subscription billing – If charging recurring fees on credit cards, you may need authorization and PCI compliance to protect cardholder data. This ensures continuity billing adheres to card network rules.
8. Get Business Insurance
Protecting your new lead generation business with adequate insurance is crucial. Without proper coverage, a single incident could destroy everything you’ve built. At a minimum, consider these three policies:
General liability insurance covers legal costs and judgments if you’re sued over property damage, personal injury, or errors like sending leads to the wrong client. Without it, you could go bankrupt from one mistake.
Professional liability insurance (errors & omissions) shields your business if clients allege negligence, misrepresentation, or inadequate service related to a lead gen campaign. Lawsuits are common in lead gen.
Cyber liability insurance is critical for managing hacks, data breaches, and digital privacy incidents. Leaving client data vulnerable could quickly lead to major lawsuits.
Going without insurance leaves you catastrophically exposed. Imagine these scenarios:
- A hack exposes thousands of leads’ private data, resulting in massive government fines.
- Botched lead harvesting accidentally spams phone numbers on the National Do Not Call Registry, incurring TCPA penalties.
- Faulty lead segmentation sends the wrong prospects to a client who then sues for major damages.
Getting insured is straightforward. Determine your coverage needs and get quotes from multiple providers like Progressive . Then, follow these steps:
- Choose a policy and provider that fits your budget and requirements.
- Complete the online application providing details about your business.
- Get approved and issue payment to activate coverage.
- Obtain documentation of active insurance for your records.
With strong policies in place from the start, you gain peace of mind knowing your lead gen business is protected from the many legal and digital risks. Don’t wait to get insured.
9. Create an Office Space
While many aspects of lead gen can be handled remotely, having a professional office space provides credibility, collaboration, and separation from home life. The right office setup also allows for client meetings, prospect calls, training sessions, and team gatherings. Here are some potential options to consider:
Home Office
A home office works initially or for solopreneurs, saving commute time and costs. Dedicate a private room only for work, furnish professionally, and use virtual meeting tools to appear legit to prospects. Lack of collaboration and no client visits limit growth. The cost is just furnishing/utilities – likely under $150 monthly.
Coworking Office
Coworking spaces like WeWork provide open desk rentals for around $300 monthly plus dedicated private offices for $600. You get a collaborative community and space for client meetings, without major leases. Scaling teams flexibly is easy but noise can disrupt calls.
Retail Office
Retail office spaces are worth considering if you want walk-in lead opportunities. High foot traffic allows lead collection on-site via your website/offers. Rental costs vary based on location and market but expect $2000 monthly. Requires significant marketing to drive prospects in and isn’t scalable long-term.
Commercial Office
A commercial office space with a 2 to 5-year lease offers the most control and room to expand your company. Expect $1000 to $3000 monthly for 3-5 offices, plus buildout costs. Allows brand customization and security but requires more capital. Best for established agencies.
10. Source Your Equipment
Launching a lead generation venture doesn’t require major upfront equipment purchases if you leverage the right channels. Here are some options to cost-effectively secure the tech and gear you need:
For the latest equipment, retailers like BestBuy and Amazon supply laptops, phones, printers, furnishings, and more. Shop end-of-year sales for deals up to 50% off. Expect at least $1500 to $2000 for a basic hardware setup buying new.
Buying Used
Great for saving costs, marketplaces like Craigslist , Facebook Marketplace , and eBay frequently list discounted office equipment from shuttered businesses. Vet sellers thoroughly inspect items, but you can save 50% or more by buying quality used gear.
With no upfront cost, renting hardware through vendors like Dell Technologies Finance flexibly meets your needs with routine upgrades. However, monthly fees from $100-$300+ per system add up over time. Use for essentials you can’t buy affordably.
More contractual commitment than renting but offers new equipment with baked-in maintenance/insurance. Typically 2 to 4-year terms at $200-$500 monthly with a buyout option. Helps manage tech turnover demands.
11. Establish Your Brand Assets
Developing a strong brand identity is crucial for lead generation companies to stand out and be remembered. By investing in branding early on and ensuring high-quality leads, you build awareness, recognition, and trust with your audience.
Get a Business Phone Number
Begin by securing a professional business phone system. Services like RingCentral provide toll-free numbers, call routing, IVR menus, and voicemail transcriptions starting at $30/month. This elevates your image when prospects call while enabling remote work.
Design a Logo
Create a memorable logo and visual identity. Options like Looka make logo design easy with AI-generated concepts from $20. Opt for simple yet distinctive designs that convey your brand.
Print Business Cards
Complement your logo with templates for emails, ads, proposals, and more. Consistent branding builds familiarity. You can even design marketing materials like flyers and brochures on Vistaprint starting at $10.
Don’t forget professional business cards, a must for networking and sales meetings. Include names, titles, phone numbers, emails, taglines, and your new logo.
Get a Domain Name
Securing a domain name for your website and emails gives you control over your brand online. Use .com when available and make it easy to remember. Just $12/year with Namecheap .
Design a Website
Building a lead-gen website quickly is possible even without coding skills using sites like Wix . Expect $12 to $40 monthly. For a truly custom site, you can hire web developers on Fiverr with rates starting around $500.
12. Join Associations and Groups
Joining relevant local groups and associations is a smart move when starting a lead gen company. Surrounding yourself with like-minded professionals provides camaraderie, ideas, and potential partnerships.
Local Associations
Seek out local lead generation associations to connect with. For example, your city may have chapters of the American Association of Inside Sales Professionals (AA-ISP) . Memberships start at around $100 annually for access to events and resources.
Local Meetups
Attending local startup/entrepreneur meetups is also invaluable. Try Meetup to find free events covering small business topics from networking to marketing and growth hacking. Swapping stories with fellow founders keeps you motivated while learning new approaches.
Facebook Groups
Don’t underestimate LinkedIn Groups locally and Facebook Groups more broadly:
- Lead Generation & Business Building Strategies for Real Estate Agents
- Lead generation
- Local Lead Generation Coaching: Rank & Rent Digital Assets
Join conversations to showcase expertise, seek feedback on challenges, and forge connections. With the right local and online networking, you gain insider advice while expanding your lead gen sphere of influence.
13. How to Market a Lead Generation Business
Implementing an effective marketing strategy is essential for lead-gen companies to attract prospects and drive growth. While your services and expertise are key, foundational marketing establishes visibility and trust in your brand.
Personal Networking
Leverage your inner circle first through word-of-mouth referrals. Satisfied clients who endorse you to their network are powerful. Consider offering $100 referral bonuses to incentivize introductions to your lead generation agency.
Digital Marketing
As you expand marketing for lead generation services, focus on targeted digital tactics with measurable ROI:
- Search ads through Google Ads reach those already seeking your services. Target keywords related to lead generation, sales readiness, etc. Low costs per click but adds up.
- Facebook and Instagram ads allow precise targeting by job role, company, and interests. Create lookalike audiences from your ideal clients. Expect to invest $500+ monthly for results.
- Retargeting ads follow site visitors across the web to nurture engagement. Keep your brand top of mind until they convert. The cost per impression is low at around $0.50.
- Start a YouTube channel sharing lead gen tips, tutorials, and client testimonials. Rank for valuable search terms and build authority.
- Guest posts on lead gen blogs and industry sites like Business2Community to display expertise. Focus on backlinks and brand exposure.
- Launch your blog sharing insider lead gen tactics. Promote posts on social media and LinkedIn.
Traditional Marketing
Traditional tactics still warrant consideration when marketing sales-qualified leads:
- Billboards on major highways spread brand visibility, with monthly fees around $750-$1500 depending on size and location.
- Local radio ads can resonate but are tested carefully to justify spend based on conversions. Expect at least $500 for production and $200+ per spot.
- Print mailers enable personalized outreach and connections, though less effective for mass awareness. Target key accounts and roles.
- Network at local chamber and industry events to connect directly with potential clients. Prioritize the ones your audience already attends.
- Lead generation campaigns are a business-to-business endeavor, providing networking opportunities for businesses in a variety of industries.
A blended approach allows you to meet prospects however they research and discover new services. Dedicate 80% or more of your budget to data-driven digital while supplementing with traditional methods. Let results dictate future investments for the highest ROI path to growth.
14. Focus on the Customer
Providing exceptional customer service is crucial for lead generation companies to retain clients, earn referrals, and fuel growth. Increase customer focus through qualified leads and by catering to your target audience. Some ways to improve customer focus include:
- By proactively updating customers on campaign performance, responding quickly to inquiries, and admitting mistakes, you demonstrate respect for the relationship.
- Exceed expectations with perks like custom analytics dashboards to showcase ROI, or complimentary lead list scrubs before deployment. Little frills surprise and delight.
- When issues inevitably occur, own the problem and present solutions, not excuses. Clients will judge you not on errors, but on how you make it right.
- A quick credit or service upgrade can turn frustration into appreciation.
- Most importantly, gather feedback regularly through surveys, calls, and meetings.
- Use insights to continuously refine and improve. This feedback loop enables you to deliver maximum value.
- With other lead gen options, clients have short patience. But companies who feel genuinely cared for through engagement, transparency, and accountability become advocates.
In lead generation, service is the ultimate differentiator and growth driver. Make it a habit to wow each client and all potential customers, and your reputation will spread.
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February 7, 2024
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