Benefits of a Lead Generation Firm for the Small Business

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It is a well-known fact that every business needs leads to progress and expand. It is life and blood of any company and without them any business would undoubtedly collapse. Each business needs to create a steady stream of new leads to achieve constant sales and growth. Lead generation is not a project; it is an ongoing process which maintains the performance and output of the company by providing prospective buyers to the sales team who turn them into customers by closing the deal.

Big companies, in most cases, have resources and finances to have dedicated lead generation teams which can score leads, nurture them, sort out the dead leads and then forward them to sales team who can close the deal. Unfortunately,small businesses often times don't have that luxury. This means, sales people usually have to dig up their own leads, which can be quite costly and time consuming. Any sales professional should utilize his or her time effectively in closing the deals rather than hunting for good leads.

Simply purchasing a list of names and emails is often what small businesses turn to. While being an inexpensive marketing investment, this often backfires. Purchasing a list of names, even industry specific names, is usually full of leads that have no interest in your product or service. Again, this wastes your sales team's time and can keep conversion rates at a rock bottom. Hiring a reputable, yet inexpensive, lead generation company will supply you with the best and most qualified leads there are for your product or service.

Small businesses may view a lead generation company as a large up-front investment, but if you do the math it could easily save your company money. On average, a sales person spends 50% of their time digging up leads and then another 25% pitching to people who have no need for the product or service. If you're paying your team a decent salary wage, how much is 75%? That means that 75% of your payroll costs are going to them for digging up their own leads and then pitching to someone with no interest. Hiring a lead generation company may very well give your company and your team a raise.

When hiring a lead generation company, give them specifics on the type of customer that usually buys from you or, in addition, give them a desired target market you would wish to pursue. For example, selling a high cost item that needs the boss's approval will need to be targeted to c-suite level employees, which are not the easiest employees to reach. A lead generation company has the knowledge and technology to get you the hard to reach leads. A good lead generation company will even provide your sales person with marketing tools to help your team present to get everyone on board for purchasing a high ticket, costly product or service.

Hiring a lead generation company is not only for the large corporations. Small businesses receive lots of benefits and, in most cases, even save money. Although it may seem like a heavy investment in the beginning, the return on investment could be bounteous and gets your sales team back to closing sales, meeting sales quotas, and building customer loyalty. </lead>
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