What to Measure to Create a Successful Lead Generation Strategy

3 Golden Nuggets From This Episode

1. Measure what’s happening in your funnel. Many agencies don't have a really good lead generation source and are leaning on word of mouth to get new clients. You really have to find that source to keep growing. Where do most businesses fail? Kara says most companies she works with fail at truly measuring what's happening inside their funnel. At the top of her lead generation strategies are “share good news, track who's interested, and then follow up.” Another successful strategy is getting as niche as possible. “When your niche is small, you can be hypertargeted in your approach,” she says. This will save you a lot of time with clients that don’t meet your criteria.

2. Measuring volume, velocity, and value. Kara is not running a creative agency, but she is all about making her business as profitable and valuable as possible. When it comes to how valuable her consultancy or her agency is, she thinks in terms of measuring volume, value, and velocity. Velocity is how fast are they getting in your funnel? Volume is how many deals can you handle any one time and how many deals are going to fill your pipelines? This is all about close ratios and trying not to spend too much time on deals that won’t close. And value is all about what is this potential customer truly going to be worth to you? For this, try to be really honest and don’t overvalue customers.

3. Lead with pricing to save time. When you are speaking with potential customers, do you lead with the budget? Doing so could really help your closing ratio and save you a lot of time on deals that aren’t going to close. Kara prefers to be really straightforward with her approach and start the conversation by stating what her company does for customers and say “this is our minimum monthly rate” to find out whether it is on that potential customer’s budget or not. If they’re not, then she offers to use the rest of the call to give free advice. She assures this is helpful and saves her a lot of time.

What metrics should you track to create a successful lead generation strategy? Kara Brown had been working on a string of supply chain corporate jobs where she oversaw IPOs and eventually decided to create her own business and focus on lead generation. She believes filling the top of the funnel now will be the first to capture market share in the recovery. With LeadCoverage, she focuses on B2B revenue operations and acquisition strategies for scaling companies. In her conversation with Jason, they spoke about what she has seen working for lead generation, what every company should be measuring to keep a profitable business, and how you can save time on prospects that won't become customers.
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JASON SWENK IS AN AGENCY ADVISOR THAT GUIDES MARKETING AGENCIES THROUGH A PROVEN FRAMEWORK FOR GROWING THEIR AGENCY FASTER & EASIER.

In 1999 he launched a digital agency that quickly grew to a multimillion dollar operation working with brands such as AT&T, Hitachi, and Lotus Cars. After 12 years of amazing growth, his agency was acquired in 2012.

Now, Jason leads JasonSwenk, LLC, a unique media company & consultancy helping marketing agencies grow, scale, and enjoy running their agency by applying the framework that he used to grow, scale, and eventually sell his agency. Jason has helped over 20,000 agencies in 42 countries meet or exceed their business goals.

Jason generously shares it all as a frequent guest on popular radio and podcast shows. He has been featured as an expert in top media publications such as Entrepreneur and Inc. Magazine. Plus, he currently hosts two of the best agency podcasts:

The Smart Agency Master Class Podcast, dedicated to providing tactics and strategies to agency owners and decisionmakers that cut through the BS, focus on exactly what works and what doesn’t; and
The #AskSwenk Show, a video show that answers agency questions about a successful, multimillion dollar agency.