✓ Build an intelligent lead generation budget based on your lead and sales performance history. If you know your acquisition cost per sale, and which lead generation sources are producing these buyers and for how much, then budgeting is a simple matter of metrics. The problem for many franchisors is that multi-tracking of sales sources does require technology and management diligence. According to Franchise Update's 2013 Annual Franchise Development Report, more than one in three (35 percent) of franchisors still don't track their sales costs, and even more don't track their sales cost per media source. Those of you who do measure performance are saving money, increasing sales, and beating up on your competitors who don't.
A pay-per-click campaign It gets expensive to buy sponsored links from the Google’s Adwords or Yahoo’sSearch Marketing services. But your competitors are undoubtedly doing it. So if you’re not, it’s unlikely you’ll be competitive (unless you have a very compelling product or price). As online competition has increased, a PPC campaign has become essential.
Short of time and looking at a quick checklist to ensure you are on the right track to a successful lead generation campaign? Over the years I have consulted for several startups and also deployed lead generation techniques that work. This is our own checklist of ideas and points we follow to either brainstorm and come up with more ideas with the rest of the team. Use this checklist in cases where you have started several campaigns and noticed the results or conversions are not coming through, or if the leads have suddenly stopped, then look also at ensuring you are up to date with newer strategies or techniques that are coming out to market.
Realize a couple of key facts: A) the prices for e-commerce software have fallen, so you don’t need to spend a fortune unless your needs are complicated, and B) many of today’s e-commerce packages include a full range of tools in one package, from an inventory management system to marketing tools. Many of today’s merchants prefer this “all-in-one” approach because it makes life simpler.