The BEST Way To Generate Leads In 90% Of Industries

Lead Generation

The BEST Way To Generate Leads In 90% Of Industries

A new report from Bizible analyzed more than 480,000 leads through its Salesforce marketing analytics platform and the data showed that Search does a better job of generating leads than any other marketing channel.

A Hubspot report last season showed that SEO provides the best ROI of any inbound marketing channel, and the Bizible study reinforced that data. There is a subtle difference between the two reports as the Hubspot report was able to track both SEO and PPC separately. In the Bizible study they combined both organic and PPC under the single search umbrella.

The Bizible data showed that when looking at first touch, Search drove 56% of leads generated. When looking just at last touch, Search accounted for 41% of the leads generated.

Not a surprise then that the combination of Search first touch and Search last touch was the most productive channel for lead generation, accounting for 37% of all leads from first/last touch combinations.

Lead Generation by First/Last Touch Combinations.
Lead Generation by First/Last Touch Combinations. Source: Bizible

For those marketers who believe that search will not work in their market, Bizible refuted that. The data showed that Search was the leading channel for 9 out of 10 of the industries measured for generating leads by first touch. The software/SaaS sector was the only sector in which search did not drive the majority of first touch leads.

First Touch By Industry

Don’t Overlook Social In Lead Generation Process

Social is a market that has really matured into a valuable inbound marketing channel in the last year of so. When Bizible looked at the percentage of closed deals that were won by first touch in each channel, social impressively came in third with a 30% win rate, despite driving just 5% of leads. Social impact on lead generation is a not widespread yet because the social leads were concentrated among two industries; Education and Finance.

Note that Direct and Search had the two highest closed rates at 56% and 40% respectively with Display having the worst at only 12%.

First Touch Lead Generation By Industry
First Touch Lead Generation By Industry. Source: Bizible

Social shortens the length of the marketing cycle. When Social was the first touch, the marketing cycle was 30% shorter than average.

Marketing Cycle

Takeaways

Search is the most popular first touch channel for lead generation accounting for 56% of all leads acquired. Search, especially organic SEO, has to be a part of your company’s inbound marketing strategy. Whether your market is B2B or B2C, Search generates more leads, more cost-effectively. The Bizible report shows that the last touch severely undervalues the top of the marketing funnel and does not account for the buyer’s decision journey. Companies need an inbound marketing analytics program that allows for Multi­touch attribution. You can’t ignore Social in B2B marketing; it has a 30% shorter marketing cycle than the average inbound channel. Social is not just for posting statuses anymore. It is also a valuable lead generation channel. The full paper “Multi-touch Attribution for Companies with Sales Teams” is available for download here.
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Why SEO Still Provides The Best ROI Of Any Inbound Marketing Channel

Technical SEO

SEO Provides The Best ROI Of Any Inbound Marketing Channel

I built my first web site in 1996. In those days I just needed to update a meta keyword tag in order to have a site rank highly in the search engines. Today’s search engine algorithms are very sophisticated and you’ve got to have deep knowledge and well-honed skills to win at SEO. SEO is still the most productive and economical way to generate qualified leads and customers. It’s also the one that Marketers say is the hardest to execute. As a result, more and more companies are letting their marketing budgets get eaten up by PPC and switching their attention away from SEO to the latest shiny toys like Instagram. SnapChat or TikTok. Despite the appeal of all these new social channels, one thing remains consistent: SEO ROI provides the best return of any inbound marketing channel.
Marketing Spend closely tracks led generation rates

SEO on average is 12% of a typical marketing budget, but generates 14% of leads. PPC, on the other hand, is generating only 6% of leads, despite having 8% of the marketing budget. If you are spending more of your marketing budget on PPC than SEO then your lead generation program is likely upside down.

It’s not just the number of leads generated from SEO that makes it such an important inbound tactic it is the QUALITY of those leads.

In the same study, Hubspot asked marketers for the average percentage of leads converted to sales by marketing channel. SEO leads inbound marketing conversion rates, netting 15% above the average conversion rates.

SEO delivers best ROI of any marketing channel
SEO continues to deliver the best ROI of any inbound marketing channel. It’s worth more attention from marketers. Don’t let the idea that SEO is hard keep you from winning the online game. The right resources will make it easy for you. Has your organic search traffic has fallen over the last couple of years? If it has then a technical site audit will uncover why the search engines are not ranking you as highly as they used to. Contact us today and learn how you can increase the ROI of your SEO campaigns.
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What Does Mark Cuban Know about SEO That He Is Not Telling Us?

What Does Mark Cuban Know about SEO That He Is Not Telling Us?

I have been a huge fan of ABC’s Shark Tank since it first aired in 2009. The show quickly became the most-watched TV show in our home as we discussed valuations of the companies and what we thought of the products and sales pitches.

Shark Tank made becoming an entrepreneur cool, and when ABC announced the spin-off series called Beyond the Tank, I was really excited to watch it.

As the name suggests, Beyond the Tank shows what happens after a deal is made and how the investors, or—the “Sharks,” work with the entrepreneurs to expand their businesses.

One of the companies showcased on a Beyond the Tank episode is the Red Dress Boutique which is an e-commerce site that Mark Cuban invested in.

Cuban has made his fortune in technology and the Internet, and I wanted to see what advice he had given the Red Dress Boutique to improve their online sales. What Internet marketing tactics was Red Dress using?

When I pulled up their home page, I was ready to be wowed, but when I hit “view source,” boy was I disappointed!

Red Dress Meta Tags
Facebook, Pinterest, and Instagram have helped fuel Red Dress’s growth in part because these are platforms where they can shape the conversation with their audience (with the clothes they use) and interact with their community via comments. The main focus of the Beyond the Tank episode was the desire of the owners to redesign their site to make it faster—not to help with their Google rankings, but to improve the user’s experience. The Red Dress owners were concerned that the slow loading site was causing some of the images to pixelate, decreasing the user’s experience. My takeaway from the show and the Red Dress site is that Cuban is focused on Red Dress maintaining its hockey stick growth. He does not want anything to get in the way of that. Cuban is extremely intelligent, and if he thought there was an opportunity or market that the company was not targeting, then he would mention it. An analysis of the Red Dress Boutique website indicates that search is just not a key component of their growth plan. And that has to worry Google and the SEO industry. It is clear that Cuban is perfectly fine with the Red Dress Boutique’s current online marketing strategy of using social media to grow its brand, control the message, and interact with its community without the sudden curveballs that Google has been giving website owners the last two years. Will we see more e-commerce sites turn their attention and advertising dollars away from search and toward social networks? And if we do, what will that mean for search practitioners?
If you’re looking for help with SEO, contact Braveheart Digital Marketing today. We are a leading SEO Agency in Manchester NH that can help you to improve your website and reach new customers. Contact us today
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