What small businesses need to know about lead generation

Posted by peterbaylis on October 1, 2017

Technology changes; human psychology doesn’t

The Reality of Lead Generation

Have you ever been in conversation with a business contact and either heard or used the phrase “Oh we tried that but it didn’t work” in relation to generating leads? The implication being that it was the channel or technology that was to blame. Well, I have news for you, your potential customer does not care about your business except insofar as you can take away the problem or issue that they don’t want by providing them with a solution that they don’t have. It is very easy as a business to be in the wrong place, at the wrong time, with the wrong message, to the wrong audience.

Think about what prompts you as an individual to start a buying process, particularly a larger more material transaction such as buying a car, a household appliance, a computer, a business service, etc. You have a need that may result from a problem or a desire but, either way, you are looking for fulfilment of that need. At this stage the nature of the supplier of that fulfilment is irrelevant – what you want to know first and foremost is “can they solve my problem”.

The Psychology of Lead Generation

When you are putting together marketing content for your business whose purpose is to generate leads you need to be able to state up front and without any equivocation that “yes, we can solve your problem”.

We are all bombarded with hundreds of marketing messages everyday so, you may well ask, how do we demonstrate that we can “solve their problem” and, in the process, generate a lead for our business. Well, consider the following four words:

  • Interrupt
  • Engage
  • Educate
  • Offer

Together these four words constitute what we at PEB Marketing Academy call the “Conversion Equation”.

  1. Interrupt – the first and by far the most important step in the conversion equation. The ‘Interrupt’ is your headline – which means it’s the first thing someone sees when they visit your website, read any of your marketing collateral… or hear you speak. When someone asks you what you do, it’s the first words out of your mouth. That’s your headline… and it MUST address the problem your prospects have that they don’t want. If it does not address their ‘hot button’ issue then what follows will be irrelevant since their conscious mind will not have been engaged (a process known as ‘reticular activation’) and they will subconsciously move on to the next thing.
  2. Engage – the ‘Engage’ is your sub-headline – which is the second thing your prospects see or hear. It MUST address the result your prospect wants but doesn’t have. This is where you encapsulate what you do to address their problem.
  3. Educate – the ‘Educate’ is the information you provide… either verbally or in writing… that presents evidence to your prospects that you and your product or service are superior in every way to your competition. This is where you typically include features and benefits information, social proof (e.g., testimonials, product reviews, etc)
  4. Offer – You MUST create a compelling ‘offer’ that makes it so irresistible your prospects can’t turn it down. Increasingly small business marketing is about demonstrating your expertise in what you do. One of the key ways to do this is to demonstrate to the prospect that you know your market. Information that you could offer in return for their contact details could for example be “Top 10 things you need to know before buying”.

For the purposes of brevity this article can do no more than skim the surface of a very broad subject area. The “conversion equation” is designed to give the hard-pressed small business owner a ‘rule of thumb’ when thinking about how best to generate leads for their products and services. If you would like to find out more please take a look at Chapter One of my e-book “How I find £10k in 45 minutes for any business”.

If you feel that the process that I outline in the book is one you might like to go through for your business then I am happy to carry out an online screen-share free of charge. All I ask in return is that you give me your permission to use your details in a case study (named or anonymously) and, if you are suitably impressed, a referral or two. To book your session please make an appointment in my online calendar system.

Lessons I Learned from Paris Hilton

Posted by peterbaylis on June 28, 2015

Today we’ll talk about shameless self-promotion. That’s right, I said it! Shameless! After all, we are learning from Paris Hilton here.

It’s all about self-promotion! Self-promotion comes in many forms and you can use different tactics to get your name out there. Look at politicians! Talk about self-promotion and in some not so discreet ways, at that. But, seriously, consider some of the major superstars we all know. Madonna, Donald Trump, Howard Stern and Bill Clinton, just to name a few.

We all self promote. Did you raise your hand in class to show the teacher you knew the answer? Of course! That’s self-promotion. This is the kind of self-promotion we are talking about. With dignity, class and the knowledge to back it up. If you self-promote only to prove you don’t really know what you’re talking about, you’re going to lose business.

Natural self-promoters are the former and I want to tell you about the three major traits they have and use to build themselves and their businesses.

  1. The first is position. You need to position yourself around people who can make a difference in your life. You need to do this frequently. You need to wake up every morning and ask yourself “Who can I meet today who will make a difference in my success?” In fact, go a step further, write it in big, bold letters and tape it on your bathroom mirror.

Also consider:

Who can help me meet my goals?

Is it a prospective customer/client? A colleague with contacts? An association with key members who may become prospects?

Don’t settle into interacting with the people who are the easiest to access. You need to reach outside your comfort zone and there you will find a wealth of new connections that will bring you great success.

  1. Now, let’s talk about Style. No, this doesn’t mean you need an Armani suit to bring in more business (though, let’s be honest-it wouldn’t hurt) J What this really means is how are you different from your competitors and others in your industry. What makes you memorable with customers?

If you are meeting a lot of people and they don’t remember you once you leave the room, you have a serious problem! This means you have an opportunity to present yourself in a more memorable way.

There are lots of little subtle changes you can make. Reassess your:

  • Business cards
  • Company message
  • Your picture
  • Your wording

Maybe even, your hairstyle (of course, now we’re back to the expensive suit, but it really works!)

You get the idea. There are lots of little ways you can work on making your image and business more successful. Also, consider how you sound on the phone and how you great people at meetings or other events. Think about your 30-sec elevator speech.

  1. The third trait of natural promoters is repetition. You can’t say it once and leave it at that. Successful self-promoters say it as many times as they need until they get a response. Would you remember a commercial for Coca-Cola if you only saw it once, no! You see it over and over and eventually you head out to the store.

You, also, have to make multiple impressions on those you are networking with in order to build brand awareness. Repetition is in direct connection with positioning. Once you find people to network with, reach out and find hundreds more who can help in your success as well.