Boost B2B marketing success by identifying and converting sales-qualified leads. Discover strategies to engage, nurture, and close high-potential prospects effectively.

Table of Content

1. The Importance of Identifying B2B SQLs
2. Key Challenges in Identifying SQLs in B2B Marketing
2.1. Defining Clear Criteria
2.2. Data Overload
2.3. Longer Sales Cycles
2.4. Lack of Cross-Departmental Alignment
3. Strategies for Effectively Identifying B2B SQLs
3.1. Establish Clear Criteria for SQLs
3.2. Use Lead Scoring Systems
3.3. Leverage Intent Data
3.4. Align Marketing and Sales Teams
4. Best Practices for Converting SQLs
4.1. Personalize Your Sales Outreach
4.2. Provide Value-Driven Content
4.3. Timely Follow-Ups

One of the main challenges that organizations face while operating in the highly competitive environment within B2B marketing is the problem of defining and converting Sales-Qualified Leads (SQLs).

In the marketing realm, SQLs are potential customers who have passed the awareness stage and have an interest in buying a particular product or service. This justifies why converting these leads has to be done meticulously to support revenue growth.

For the B2B marketers and sales team, it is convenient to define high probability SQLs since the time and resources can then be directed to such leads instead of ‘chasing shadows’. This means that by focusing on SQLs, the respective teams would be able to secure more deals and, in the process, bring growth and success to the business.

In today’s exclusive SalesMark Global blog, we intend to elaborate on the definition of B2B sales-qualified leads, the difficulties of prospecting them, and how to properly qualify them.

1. The Importance of Identifying B2B SQLs

Identifying SQLs ensures that your sales team focuses on leads more likely to convert, saving time and resources. 

According to a study by HubSpot, companies that prioritize lead management practices, including SQL identification, see a 50% increase in sales-ready leads. Misidentifying leads or failing to act on SQLs on time can result in lost opportunities.

SQLs are further along the buyer’s journey, exhibiting strong buying intent through behaviors such as requesting demos or pricing information. By accurately specifying these leads, B2B marketing businesses can allocate their resources more effectively, reduce wasted effort on unqualified leads, and shorten sales cycles.

2. Key Challenges in Identifying SQLs in B2B Marketing

Identifying sales-qualified leads can be a tricky task as it requires recognizing subtle buying signals and differentiating between interest and intent.

In a recent report by a global survey, it was witnessed that 56% of marketers and sales professionals neglect key challenges such as unclear criteria, data overload, and poor alignment between teams, leading to missed opportunities and inefficient resource allocation.

Let’s dive in for a deeper understanding of the subject:

2.1. Defining Clear Criteria

Different industries and businesses have varying definitions of what constitutes an SQL. Without a clear and aligned framework, sales and marketing teams may have conflicting views, leading to wasted efforts.

2.2. Data Overload

With so many data points from multiple sources, identifying true buying intent can be difficult. B2B marketers often deal with large volumes of information, making it hard to distinguish casual interest from genuine readiness to buy.

2.3. Longer Sales Cycles

B2B sales cycles are typically longer compared to B2C. Therefore, for marketing and sales professionals, this cycle can be hard to distinguish and find good-quality leads that generally move slowly through the funnel when compared to those that are ready to engage with sales.

2.4. Lack of Cross-Departmental Alignment

Marketing and sales teams may not always have a seamless way to exchange information. Without alignment, leads can either be passed too soon or too late, reducing the chances of a successful conversion.

3 Strategies for Effectively Identifying B2B SQLs

After understanding the key challenges, it’s time to implement the right strategies that will aid in identifying B2B SQLs that will help boost conversion rates and optimize sales efforts.

Let’s dive in to get a glimpse of these criteria:

3.1. Establish Clear Criteria for SQLs

Defining a clear set of behaviors or actions that qualify someone as an SQL is essential. This can include requesting a product demo, asking for a pricing quote, signing up for a free trial, and frequent visits to pricing pages or case studies. You can further use data from previous successful conversions to identify key touchpoints that signify readiness to buy.

3.2. Use Lead Scoring Systems

A lead scoring system can help by assigning numerical values to different actions a lead takes. Engagement here means the level of participation the prospect has demonstrated, and this is the basis for ranking scores.

Forrester Research shows that establishing and using lead scoring can result in an approximate 30% uptick in the close rates of deals. By synchronization of a CRM system for tracking lead activity and making changes to the lead score definition where appropriate.

3.3. Leverage Intent Data

Intent data reveals the topics and products that potential leads are actively researching. In this way, the probability of identifying the leads that display the intentions to buy your product is higher. To be specific, the Demand Gen Report revealed that 68% of B2B organizations leverage intent data to generate better leads. It is also possible to work with some data providers who offer intent data and then use the same to cultivate high-intent leads into the funnel.

3.4. Align Marketing and Sales Teams

The alignment between sales and marketing teams is crucial for B2B success. When both teams have a shared understanding of the criteria for SQLs and work collaboratively to nurture leads, conversions improve. Studies by Marketo indicate that sales and marketing alignment can result in 209% higher revenue from marketing efforts. With regular alignment meetings, both teams can discuss lead quality, review performance metrics, and fine-tune the SQL handoff process.

4. Best Practices for Converting SQLs

Once you have identified SQLs, the next step is converting them. Here is how to do it effectively:

4.1. Personalize Your Sales Outreach

Personalization makes a prospect see that you have gone through their needs and understood their problems. Salesforce ECM reveals that 72% of business buyers expect vendors to possess formal knowledge of their operations. It means you can warmly communicate with your client within the framework of his/her business and potential pains that will help you generate quality sales leads.

4.2. Provide Value-Driven Content

Prospects at this SQL stage are interested in information that encourages them to make the right purchasing decisions. Using case studies, ROI calculating tools, and product demonstrations, you can deliver value and affirm their purchasing decisions. You can also go further sharing case solutions that are of more concern to the prospect, for example, industry and problems that are familiar to the company.

4.3. Timely Follow-Ups

Following up with SQLs on time is critical. Research by Velocify shows that calling within the first minute of receiving a lead boosts conversion rates by 391%. After the initial engagement, continuous follow-up within a structured context is essential.

In B2B marketing, success lies in the ability to identify and convert SQLs efficiently. By designating clear criteria, leveraging data, aligning sales and marketing teams, and personalizing the buyer’s journey, B2B businesses can improve their lead conversion rates. Even focusing on these strategies will ultimately lead to more revenue and stronger client relationships.

Further implementing the above best practices can transform your B2B marketing efforts, ensuring that you are focusing on the leads most likely to convert and, in turn, grow your bottom line.

Master 10 expert tactics to drive high-quality leads. Transform your B2B sales funnel with these powerful strategies.

Table of contents
1. Challenges in Modern Lead Generation
1.1. Leverage Predictive Analytics for Lead Scoring
1.2. Implement Account-Based Marketing (ABM) with AI
1.3. Utilize Intent Data for Timely Engagement
1.4. Harness the Power of Content Syndication
1.5. Optimize your Lead Magnets
1.6. Leverage Social Selling
1.7. Invest in Video Marketing
1.8. Create high-value webinars
1.9. Implement multi-touch attribute models
1.10. Nurture leads with advanced marketing automation
2. Summing It Up

Currently, significantly marked by certain levels of B2B business velocities, the demand for high-quality leads is higher than ever. With increased competition and changing consumers’ buying preferences, what organizations have realized is that MQL generation is no longer adequate. There is now a trend of targeting more leads but making sure they are of high-quality leads that are much closer to the Ideal Customer Profile (ICP). This strategic pivot is supported by recent industry data: as per HubSpot, a staggering 61% of B2B marketers are struggling with lead generation and, even more—aa whopping 77%—are focused on lead quality rather than lead quantity. These statistics highlight a crucial truth: It is more of a working proposition about the kind of prospect information you would like to accumulate and the kind of prospect information you need for the propositions that the firm would wish to sell its products and services.

The changing face of the market requires the use of high-level approaches to lead generation as well as implementation of the best high-tech elements. When organizations pay obsessive attention to lead quality, they make certain that the pipelines are always full of the right prospects. Each of the strategies described below draws from the existing best practices and some of the latest approaches that will help enhance the quality of your leads. By applying these strategies, the organizations can have a better understanding of and approach the possible customers/clients and increase the conversion rate of high-value clients through long-term and sustainable business organizational development, as well as gain a competitive advantage.

1. Challenges in Modern Lead Generation

However, as one prepares to look at the intricate techniques that can turn around this aspect of the operation, it is imperative to consider the problems associated with the complex methodologies that are likely to be deployed for this purpose. Starting with data quality problems right up to the exchanges concerning the incorporation of new technologies, businesses face challenges to achieve the best outcome. Managing these factors well, on the other hand, is important in realizing the potential of powerful lead generation strategies.

With such ideas in mind, let’s look at the following strategies that are anchored on best practice to help improve your lead generation endeavors and guarantee you that your pipeline is full of well-qualified leads waiting to be closed.

1.1. Leverage Predictive Analytics for Lead Scoring

Scoring of leads has become easy due to predictive analytics, and this has made lead generation change a lot in the companies. Through the use of historical data and figures on customer interaction, the technology is able to predict which among the leads will most likely complete a conversion.
Advanced Targeting: When used in conjunction with CRM, the application of predictive analytics will help you categorize the audience in a much better way. This shall enable the marketing and sales teams to prioritize leads that demonstrably behave like those with the potential of converting.

Continuous Refinement: Since your predictive model is updated using new data, the lead scoring improves with time since the model for the scoring improves overtime.
Pro Tip: The changes in the market should also be reflected in your lead scoring, and for this, your predictive model should be frequently updated and the data used should be recent.

1.2. Implement Account-Based Marketing (ABM) with AI

Account-Based Marketing (ABM) is a strategic approach where marketing is directed to high-potential accounts with specialized approaches. ABM can go to the next level if it is integrated with the use of AI.
Precision Targeting: Technographic data, intent data, or even firmographic data may be passed through an AI algorithm to find accounts that look a lot like your ICP. This makes it possible to follow extremely targeted approaches to communication.
Scalability: Traditional ABM usually requires intensive analytics work to maintain the account-tiered approach, whereas AI-driven ABM can scale automation across many different accounts while still being uniquely personal.

Pro Tip: Integrate AI in such a way that it adapts your ABM strategy within the engagement data that comes from target accounts.

1.3. Utilize Intent Data for Timely Engagement

Intent data is about the behavior of your potential leads on the internet and can tell you when these decision makers are most engaged in content pertaining to your solution. Hence, by leveraging on the above-mentioned data, one can definitely reach out to leads at a time when the results are most successful.
Behavioral Analysis: Intent data enables one to know the buying stage of his/her prospects. For instance, if a lead is reading articles on topics such as ‘best practices’, then he is in the awareness stage, while if he is comparing vendors, then he is in the decision stage.
Personalized Outreach: Leverage the insights gathered through intent data to develop highly targeted messages that are appropriate for the specific stage of the buyer’s journey.

Pro Tip: It is recommended to integrate first- and third-party intent data to get the best of both worlds when understanding the lead’s journey and defining the order of actions.

1.4. Harness the Power of Content Syndication

Content syndication is a technique that involves posting your content on other websites and such platforms. It can be used effectively to become a potent lead generation mechanism if well deployed.
Targeted Distribution: Working with syndication partners, choose those that are most relevant to your ICP. This in a way makes it easier to ensure that the leads you get from the various platforms are usually better and more qualified.
Quality Control: Engage in targeting options that are provided by the partners, such as the industry, job title, company size, or any other that would help get the right content to the right people.

Pro Tip: Monitor the overall syndication of the content to find out which platform produces qualified traffic and such; adjust the strategy.

1.5. Optimize your Lead Magnets

Lead magnets are part and partial of the lead generation process, but how effective they will be depends on relevance and the value provided. Some of the advanced techniques that can be used are to create lead magnets that address the specific challenges or topics of interest for the ICP.
Personalized Lead Magnets: Create leads for each type of people that you are targeting as your audience. Examples of the related topics include whitepapers on “Advanced AI in Marketing” or eBooks on “Implementing AI for SMEs.”
Interactive Content: It may be embedded lead magnets like calculators, assessments, and quizzes to be more engaging and help the user understand more about their wants or needs.

Pro Tip: Ongoing optimization of the basics of your lead magnets, including formatting, topics, and CTAs, can be a great way to determine which ones produce the most valuable leads.

1.6. Leverage Social Selling

Social selling is a strategy that encompasses the use of social media to interact with potential buyers, create rapport, and foster them into becoming customers. B2B is especially helpful because a large audience, such as decision-makers, use various platforms, including LinkedIn.
Thought Leadership: Engage the sales team in writing articles that are informative; this way, the team will be able to share insights on the subject matter. This is a way of creating trust, and at the same time, make sure that your brand is always on your customers’s radar.
Personalized Engagement: Conduct lead search using social listening tools and directly communicate with such leads, provided they are discussing content related to your business. A social approach is also preferred, as reaching out to people is easier and more efficient than conventional ways.

Pro Tip: Detail: Your sales team should always ensure they create and sustain good online presences since this will help establish credibility with the potential leads.

1.7. Invest in Video Marketing

Video is still one of the most popular types of content; it is especially useful when it comes to explaining something in detail. The engaging content includes material of high quality, which can help to establish a conversation with the leads and serve their interests.
Educational Content: Develop video content that informs your audience on new trends, tips, and advice concerning your products and services. This places your brand in a strategic resource status.
Personalized Video Outreach: Visual communication tools that enable you to create customized videos targeted at particular leads or accounts where you demonstrate how your product can address their needs.

Pro Tip: Use video analytics that provide insights on engagement and enable you to distinguish between high-quality leads and the videos that drive them.

1.8. Create high-value webinars

Webinars are another great tool to generate leads if they are conducted on themes that would be of great interest to your ICP. However, to keep your audience fully engaged and interested, it is vital to make your webinars as informative as possible.
Expert Panels: Get speakers from within the industry to address your audience during webinars. Their input brings realism and, subsequently, a more professional audience.
Interactive Elements: Employ polls or questionnaires, question and answer sessions, as well as live chats to keep the participant interested as well as get key insights from them about their interests and issues.

Pro Tip: Capture the details of the participants in the webinar and follow up after the event, offering them related content or products covered in the webinar.

1.9. Implement multi-touch attribute models

It is important to comprehend the path that leads take before they can convert in order to level up the lead generation process. Multi-Touch Attribution Models reveal the touch points that have the largest positive impact on the quality of the leads.
Data-Driven Insights: Leverage more sophisticated methods to determine the specific marketing touch points and campaigns that generate better leads. This makes it possible for you as the client to be able to manage resources in the best way that is possible.
Optimization: Continue to optimize your marketing efforts with attribution information as it applies to each channel and tactic you employ.

Pro Tip: Integrate MTA and then integrate it with predictive modeling to determine which media touchpoints and marketing approaches will produce high-quality leads in the future.

1.10. Nurture leads with advanced marketing automation

Marketing automation solutions have become relatively sophisticated recently to provide for lead nurturing through more elaborate multi-step communications. It is critical, particularly for lead nurturing, where it is possible to keep in touch with a lead that may not be ready for purchase but is highly valuable.
Dynamic Content: Implement dynamic content to convey targeted and relevant messages to the leads based on their behavior, the type of leads, and their position in the cycle.
Lead Scoring Integration: It is important to also align your lead scoring with the automation platform used through a field to pass qualified leads and allow other leads to remain engaged in nurturing programs.

Pro Tip: Regularly review and optimize your automated workflows to ensure they remain aligned with your evolving lead-generation strategies.

2. Summing It Up

High-quality leads are not easy to generate, and it involves the use of technology, complicated techniques, and the knowledge of customers’ potential. With predictive analytics, advanced ABM, intent data, content syndication, perfect lead magnets, social selling, video marketing, high-value webinars, multi-attributed metrics, and progressive marketing automation, you can proactively create a lead generation mechanism that not only boosts pipeline levels but does it with fit and is ready to convert prospects.
Admittedly, the B2B environment will continue to change in the foreseeable future, which means that using these efficient strategies will be vital for building a strong competitive advantage and achieving long-term revenue growth.

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Discover innovative strategies, emerging technologies, and key insights that are driving ABM success and transforming B2B marketing.

Discover why intent marketing is crucial for businesses to connect with the right prospects at the right time. Learn how it enhances lead generation and boosts sales.

We all understand that account-based marketing is a great way to boost business and sales. ABM allows marketers to concentrate on their strategies, marketing, and efforts on important accounts. But what if you want to go even further and elevate your marketing and business? Well, the answer is intent data.

Nowadays, it is very crucial for businesses to look after their customers’ preferences. Intent data has become a go-to tool for every B2B marketer, as it provides knowledge of prospects’ interest in a product or service, which can help you focus on the ABM strategy, shorten the sales cycles, and close more leads.

Software providers who want a boost in conversions can integrate ABM with buyer intent data to find and reach potential customers more effectively. In this article, we’ll explore three simple ways to integrate intent data into your sales funnel to boost your profits.

Three Ways to Use Intent Data Throughout Your Sales Funnel

1.1 Expand Your List of Prospects

To maximize your marketing and sales efforts, you can start by expanding your list of potential customers. Focus on adding companies that align with your ideal customer profile (ICP) using CRM software. This tool helps track and score leads from various sources, such as your website and marketing campaigns.

Utilize B2B intent data to identify brands matching your ICP and discover contacts showing high interest in your product or service. This approach broadens your reach, allowing you to target new buyers effectively. By concentrating your efforts on leads with strong intent, you can boost the efficiency and accuracy of your outreach.

For example, let’s consider a nonprofit management tech company during the pandemic. Faced with the tremendous expansion of the nonprofit donor management market, they faced challenges identifying potential leads. Leveraging intent data, they created a targeted list of accounts meeting their ICP criteria. By focusing marketing efforts on high-intent prospects, they closed approximately one new deal per week and attributed 90% of their potential new consumers to intent data.

1.2 Flag Customers at Risk for Churn

To ensure continued success, it’s essential to monitor customers who might be disinterested. Even if you’re gaining new customers through ABM and intent data, keeping an eye on potential churn is vital. Intent data helps you analyze and spot customers showing signs of leaving, like reduced web activity or less interest in your content.

When you find a customer at risk of churn, reach out to see what’s wrong. They may be experiencing challenges with your product or considering switching to another provider. Either way, addressing the problem directly is the best way to retain their loyalty and client relationship.

For example, a performance management company noticed that two customers were considering other options. Their account managers reached out proactively to understand why and how they could help. To meet their needs, they retained both clients by adding additional features. This move not only saved $10K in yearly income but also brought in an extra $2K in revenue from their contracts.

1.3 Convert High-quality Leads

To maximize your sales success, it’s crucial to convert potential customers into high-quality leads. After identifying and targeting prospects, use intent data to understand their interests and behaviors. This allows you to score leads, personalize your communication, and increase conversions.

By analyzing behavioral data, you can uncover micro-conversions that indicate strong interest in your product. For instance, if a lead downloads a specific white paper or attends a webinar, it shows they want to learn more. This information helps you segment leads effectively.

For example, a HR processing tech company needed to focus on high-value accounts efficiently. They utilized intent data to monitor and track their top customers’ activity on digital marketing sites. This early buyer discovery led to an opportunity worth $89K, which is three times larger than their usual sales price.

Combining ABM and intent data helps expand your prospect list, identify at-risk customers, and convert leads effectively. This strategic approach boosts sales and ensures long-term success.

Make Intent Data Your Go-to Source

To improve your marketing and sales efforts, prioritize intent data as your main source of information. Look for a reliable provider that offers valuable insights to help you make smarter decisions. By understanding the intentions of your potential customers, you can engage with the right prospects and achieve better outcomes for your business. This allows you to concentrate on growing and expanding your business effectively.

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Table of contents

• Introduction
• What is Intent-based Data Marketing?
• Importance of Intent-based Data
• Real-World Use Cases
  1. Starbucks
  2. Amazon
  3. Netflix
  4. TripAdvisor
• Conclusion

Introduction

Success in any business hinges on sales conversion. To attain this crucial objective, B2B marketers harness the power of intent data to fuel their marketing activities and gain deeper insights into the behaviors of their target audience.

Research indicates that 70% of business-to-business marketers utilizing intent data deem their digital marketing approach highly effective.

This blog will spotlight real-world case studies, illustrating how companies have successfully integrated intent-based data into their marketing strategies.

What is Intent-based Data Marketing?

Intent-based data marketing involves leveraging data gathered throughout a B2B customer’s journey to identify and understand their purchasing intent. To illustrate, consider a software company offering cybersecurity solutions. If a business executive starts researching cybersecurity trends, visits the company’s website, and downloads a whitepaper on threat detection, the intent data collected provides valuable insights. It reveals not only the specific topics the customer is interested in but also signals a potential interest in upgrading their cybersecurity measures.

This data enables the marketing team to tailor targeted strategies, such as offering relevant content or personalized product demonstrations, aligning closely with the customer’s demonstrated intent, and enhancing the overall effectiveness of the marketing approach.

Importance of Intent-based Data

When you get a good idea of what your customer wants, you can produce tailor-made communication that can be useful and relevant. Around 71% of customers expect personalized offers and customer experiences when they visit your website. So, with the help of intent-based marketing, B2B marketers can target each customer with the right message at the right time to create more conversions.

Real-World Use Cases

Fewer companies can understand the true worth of intent-based data. Hence, through the below real-world instances, we present the idea that collaborative efforts between sales and marketing teams often result in successful sales conversions.

1. Starbucks

The Starbucks app uses intent-based data to suggest drinks for their users based on their previous orders. The app tracks the time, day, and location and monitors coffee habits to provide personalized recommendations. This not only enhances customer convenience but also fosters loyalty to the Starbucks brand.

2. Amazon

Similarly, Amazon employs a recommendation engine on its platform, utilizing browsing and purchase history to provide users with tailored product suggestions, streamlining the shopping experience.

3. Netflix

Netflix utilizes a sophisticated recommendation engine that analyzes users’ viewing habits, preferences, and genre preferences to offer personalized movie and series recommendations.

4. TripAdvisor

TripAdvisor is a master in intent-based data marketing, guiding users through its marketing funnel and delivering reviews and recommendations aligned with their travel preferences and intent.

Conclusion

Intent data has become an important marketing tool for every B2B company as it helps the sales and marketing teams make early decisions and increases the depth of the data field. The strategic use of intent data not only increases data accuracy but also has the potential to significantly supercharge your revenue with data accuracy.

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Understanding the characteristics of high-intent leads, and identifying and targeting them using data insights