Commentary

Online Channels Growing Fastest For Lead Generation

According to the Chief Marketer 2014 B2B Lead Generation Survey, content marketing, website registrations, social media and pay-per-click advertising posted the most significant gains in usage for B2B marketers seeking new leads. 67% of B2B marketers said they would use content marketing this year, compared to only 53% for 2013. The rise in website registrations or opt-ins goes hand-in-hand with the increased reliance on content marketing: 70% will rely on online registrations this year, compared to only 58% last year.

Channels Used or Planned for Lead Generation 2014

Channel

% of Respondents

Email

87%

Online registration/opt-in

70

Social networks

68

Content marketing

67

Trade shows/conferences

62

Webinars

44

PPC/Display

43

Direct mail

42

Telemarketing

37

Online directories

36

Retargeted ads

32

Live events

28

Affiliate marketing

26

DR print

25

Rented lists

19

Compiled data

14

Source: Chief Marketer, August 2014

Use of social media in lead generation rose to 68% in 2014, although the channel is still tricky for B2B marketers, says the report. “… social media has provided a way… to interact with prospects and existing customers… but conversion [via social] has been slow and challenging,” summarizes one respondent. And, “   social allows potential leads to hear a company’s voice and experience our personality even before meeting in person,” wrote another.

The Biggest Obstacles To Generating New Leads Via Social Media

  • Inability to effectively measure ROI   34%
  • Prospects wary of social marketing   35
  • Too many channels to understand   23
  • Content requirements of social   47
  • Social leads not sufficiently qualified   34
  • Social not relevant to core audience   20

Source: Chief Marketer, August 2014

Over 65% of respondents are using email as part of their generation strategy this year; only 15% had no plans to use email in 2014. The marketers who didn’t plan to use email this year cited a variety of reasons, including:

  • Fear of looking like spammers (26%)
  • Low open rates (17%),
  • Low ROI (24%)
  • Inability to effectively reach prospects via mobile (10%)

Marketers who use email are getting their names from a variety of sources, with 73% citing web registrations or opt-ins directly from prospects. 31% are renting files from brokers or compilers, while 20% are using third-party email opt-ins and 26% are using media or publishing partners. Only 4% admit to using addresses collected via automated harvester software.

B2B Lead Generation Tactics Yielding The Largest Number Of Qualified Leads (For Your Company; Choose 3)

Tactic

% of Responses

Referrals

50%

Email

48

Live sales visits

46

Direct marketing

25

White paper downloads

20

Search marketing

19

Telemarketing

17

Webinars/podcasts

15

Company owned social pages

12

Conversations in social groups

11

Social networks

8

Targeted display

7

Online directories

7

Monitoring social messages

4

Custom publishing

4

Source: Chief Marketer, August 2014

Most respondents are thinking long-term, with 69% saying they want to acquire customers who will prove profitable over the lifetime of their relationship with the company. Only 31% said they are looking to acquire new customers who will be profitable from the first transaction.

Offerings To Prospects In Return For Their Contact Information Or Opt-In

Incentive

% of Total

Product discounts/samples

33%

Enhanced services

24

Reduced/free shipping

16

Entertainment content

4

Contest/sweeps entry

21

Source: Chief Marketer, August 2014

43% of respondents say their lead generation aims for 2014 are focused primarily on finding new customers. Retention or reactivation was the core goal of 9%, while 41% are focused on current customers with an eye towards expanding outside that circle. The remainder cited a variety of approaches, including rebranding efforts and cross-channel initiatives tied to generation.

65% of B2B marketers are measuring their lead gen ROI by the cost of prospects that ultimately convert (cost per acquisition). 22% look at the cost of collecting prospect data (cost per lead), and 13% look at how many prospects are contacted by a salesperson (cost per opportunity).

With the multitude of channels available to consumers and marketers today, attributing exactly what effort was responsible for the lead or conversion is a challenge, says the report. 64% attribute leads to multiple channels and 12% to single channels. 4% attribute to first click and another 4% attribute to last click, while 10% leave it up to a customer reported source. A few of the remaining respondents said they didn’t have any methodology for attributing leads.

For additional information, please visit Chief Marketer here.

 

 

Next story loading loading..