Showing posts with label Business Management. Show all posts
Showing posts with label Business Management. Show all posts

April 25, 2023

The Power of Automation, How Automated Lead Management Drives Revenue Growth

Lead management is one of the cornerstones for businesses that depend on sales for revenue generation.

It includes collecting, tracking, and nurturing leads until they become paying customers.

In other words, lead management is the backbone of a successful sales funnel.

Two types of lead management systems are available for businesses: Manual and Automated.

The Power of Automation,  How Automated Lead Management Drives Revenue Growth: eAskme
The Power of Automation,  How Automated Lead Management Drives Revenue Growth: eAskme


Manual lead management involves tracking leads using spreadsheets, emails, and other manual methods.

On the other hand, an automated lead management system uses software to automate all stages of lead capture, from nurturing to closing leads.

This article aims to demonstrate the benefits of automated lead management for businesses and how it can contribute to revenue growth.

We will discuss the problem with manual lead management and explore automated lead management in-depth, along with the steps businesses can take for successful implementation.

Problems with Manual Lead Management:

Manual lead management has several drawbacks that may hamper the business’s productivity and make sales processes slower.

Manual lead management is time-consuming. It takes effort to track leads and manage the sales pipeline. As a result, businesses face missed opportunities and revenues.

Managing your leads manually leads to errors.

With spreadsheets and other manual tools, there are high chances of entering incorrect data, which may affect the quality of leads and produce duplicate data.

It also lacks stability; as your business expands and its lead volume rises, managing this process manually becomes increasingly challenging.

What is Automated Lead Management?

Automated lead management means using software to automate all aspects of lead management.

This includes capturing leads, tracking their journey through the sales funnel, nurturing them until they are ready for conversion into paying customers and automating the follow-up and scoring process.

This automation enables businesses to manage and track leads more efficiently and effectively, leading to better conversion rates and increased revenues.

How Does Automated Lead Management Help Businesses Drive Revenue Growth?

Automated lead management can help businesses in numerous ways to boost their revenue:

  • Lead capture forms enable businesses to capture and manage leads more effectively. Automated forms can capture leads from various sources, such as websites, social media channels, email marketing campaigns, etc. which increases lead volume; the more leads you have, the more deals you can close.
  • Lead scoring allows businesses to prioritize leads according to their level of interest and willingness to purchase, as determined by demographics, behavior, and engagement factors. Lead scoring can be used to score leads based on these elements to help businesses target resources on those most likely to convert.
  • Automated lead nurturing allows businesses to foster relationships with leads over time, increasing the odds that they will convert into paying customers shortly. Likewise, automated email campaigns can send targeted, personalized messages directly to leads at various sales funnel stages. This keeps businesses top-of-mind while offering something of value.
  • Automation in lead management makes optimizing the sales pipeline and streamlining the overall sales process much simpler for businesses, helping to identify bottlenecks in their pipeline and areas for improvement, leading to increased efficiency and revenue generation.

Steps to Implement Automated Lead Management:

If you’re looking to implement automated lead management in your business, follow these steps to do it successfully:

Step 1: Identify business goals and objectives

The first step in implementing automated lead management is identifying your business goals and objectives, enabling you to determine which features and functionalities you require in your automated lead management software.

For example, prioritizing lead capture features could be important if your goal is to increase lead volume.

Step 2: Evaluate automated lead management software options

There are various automated lead management software options available, so it is crucial that you carefully consider all available options.

Consider factors such as cost, ease of use, and features that matter the most for your business when making this selection.

Step 3: Integrate automated lead management software with existing systems

Once you’ve selected an automated lead management system, the next step is integrating it with existing systems like your CRM or marketing automation platform.

This will ensure it fits seamlessly with your overall sales and marketing process.

If you’re not using any CRM, you can look for a dedicated CRM for lead management.

Step 4: Set up lead capture and scoring

It is necessary to create lead capture forms and scoring algorithms to capture leads from various sources and prioritize them according to their level of interest or likelihood of purchase.

Step 5: Develop lead nurturing campaigns

After capturing leads, you must nurture them through the sales funnel.

Develop targeted, personalized email campaigns that provide value to your leads and help build relationships with them over time.

Step 6: Monitor and analyze the data

As you capture and nurture leads, monitor and analyze the data to identify areas for improvement.

Then, use this data to optimize your sales pipeline and improve your overall sales process.

Best Practices for Automated Lead Management:

To use an automated lead management system to its fullest, consider the following best practices:

  • Get a clear picture of your target audience and tailor your lead capture and nurturing campaigns accordingly.While generating a high volume of leads is important, focusing on quality leads is equally important. Filter the leads based on their level of interest and engagement, purchasing capacity, and how long they will take to purchase.
  • To engage with leads, use targeted and personalized content, and provide them value.
  • Monitor and analyze data regularly to identify areas for improvement and optimize sales pipelines.
  • Test and refine your automated lead management strategy to improve your results over time.

Conclusion:

Automation in lead management can be an invaluable asset in driving revenue growth for businesses.

Companies can more efficiently capture, track, nurture, and convert leads through automation for increased revenues and conversion rates.

If you’re a business of any size, sooner or later, you’ll need a lead management system that helps you lower your stress in managing leads so that you can focus on more productive tasks.

And whenever you consider a lead management system, choose one that offers automation.

If you still have any question, do share via comments.

Don’t forget to share it with your friends and family.

Why?

Because, Sharing is Caring!

Don't forget to like us FB and join the eAskme newsletter to stay tuned with us.

Other handpicked guides for you;

>

February 08, 2023

Online Reputation Management (ORM): What Is it? What are the Benefits and Importance?

Do you want to create an everlasting impression? Do you want to control your brand's narratives? What do you want to monitor your plan issues and mentions online?

Yes, that means you want to create a good impression online, and this is where you need online reputation management.

Online Reputation Management (ORM), What Is it, What is the importance and benefits: eAskme
Online Reputation Management (ORM), What Is it, What is the importance and benefits: eAskme

No matter if you are a brand or small business. Corporation, or a Blogger, you cannot create an everlasting impression with just social media presence or a creative website.

Users or visitors always have an opinion of the websites or brands they visit. Customers have the knowledge to identify if the brand is genuine or hiding something.

Brands with a lot of negative media and bad reviews always lose everything.

But the good news is that you can turn around the perception of your brand.

You need to limit the damage and fix the problems before they can cause negative branding.

Brand reputation management online is the way to fix reputation issues.

What is Online Reputation Management (ORM)?

As the name suggests, online reputation management is managing your reputation online. It is the way to control your online perception.

Online reputation management is the process of monitoring and managing everything that can change the perception and opinion of your future and existing customers.

This way, your business becomes trustworthy and appealing.

What is the Relation Between SEO and ORM?

Users are visiting search engines to learn about new products or services they want to buy the knowledge that can help them fix common issues.

When people search for your brand, it is necessary to ensure that only the best and positive results appear on the first page.

And you can do this with uh perfect ORM strategy.

Your brand presence on the first page of Google shows what people think about your brand, business, or blog.

It is necessary to control those results to ensure that people will not think negatively about your business and have trust.

Online reputation management is complex; you have to fix every issue that can damage your brand reputation.

Online Reputation Management factors:

Each business followed a different strategy to manage its reputation online. Yet, there are a few things that your all reputation management process should include:

Earned Media:

It includes PR, media relations, and influencer marketing.

Owned media:

It includes user-generated content, brand-created content, customer stories, employee stories, webinars, and reviews.

Paid media:

It includes native advertisements, sponsored posts, affiliate marketing, and lead generation.

Shared media:

It includes co-branding campaigns, partnerships, social media posts, and community service.

What is the importance of Online Reputation Management?

Reputation management should start from day one. But most brands do not start acting until the damage has been done.

Here are the reasons why online reputation management is essential.

Control the narrative:

Recovering from a negative reputation is itself a challenge.

A negative review from unsatisfied customers on review sites like Facebook, Google, Amazon, etc., can cause a massive drop in sales.

If you do not track reviews and brand mentions about your company, you will lose the opportunity to control the narrative or change the negative perception of the customers.

According to Khoros, 83% of customers rely on brands that proactively resolve issues and listen to the customers.

Your quick action cannot only retain an angry customer but also prevent bad reviews that can cause a loss of new customers.

Understand customers:

If you do not understand your customers.

No matter how much you spend on marketing, you will never see positive results.

Instead, your focus should be on quickly resolving customers' issues without being insensitive.

Stay ahead:

Online reputation is permanent.

And I know we should not want to learn this in a challenging and unhappy way.

Online reputation management is necessary to avoid losing everything.

You need to control the perception of your brand and create an appealing brand story.

Is Online Reputation Management Different than PR?

You should know that public relations and reputation management are two very different things.

Use both to improve your brand strategy and get the benefits.

Online reputation management focuses on maintaining a positive image of your brand. And the focus is to get the word out about your brand using different media channels.

Public relations strategies can also help you improve your brand's reputation by focusing on sharing information about new product launches or services.

Other than advertising, use PR to increase your brand's visibility.

Combining PR with online reputation management will help you improve PR marketing and brand-building results.

PR strategies will also help you share information about important updates about what you are doing to fix customers' problems.

Online reputation management and social media marketing:

You can control your brand presence in Google searches by ranking for positive turns and ranking positive stories about your brand.

But what about social media?

Customers spend most of their time engaging in social conversations and social media networks. 

Unfortunately, negative reviews on social media networks can cause much damage to your reputation.

Your brain must engage in social conversations to fix the issues.

Tools like SproutSocial, Buzzsumo, Mention, BrandWatch, etc., Can help you track your brand mentions.

Use sentiment analysis to find out if the mentions are negative or positive.

Also, keep an eye on branded hashtags, tagging, and mentions.

When you track brand mentions, it becomes easy to eliminate any negative mentions.

Conclusion:

People always talk about your brand even, whether you know it or not.

With all reputation management, you can ensure that what is said about your brand is positive and trust-building.

It will help you create a clean image of your company.

ORM strategies can show that difference.

Leave an everlasting positive impression and control your brand's perception.

If you find this article interesting, don’t forget to share it with your friends and family.

Why?

Because, Sharing is Caring!

Don't forget to join the eAskme newsletter to stay tuned with us.

You May Also Like These;

>

November 25, 2021

Staggering Solutions to Arrange Virtual Team Building Games to Improve Team Engagement

Ever since organizations switched to remote work, team engagement has been a concern.

Top executives have remained vocal that switching back to office work post-pandemic is quintessential to productivity and team engagement.

A post-pandemic survey conducted by a technology company has confirmed these fears that remote workers are two times less engaged than their office counterparts.

Staggering Solutions to Arrange Virtual Team Building Games to Improve Team Engagement: eAskme
Staggering Solutions to Arrange Virtual Team Building Games to Improve Team Engagement: eAskme

While some organizations have switched to 100% office work post-pandemic, some have failed to do so.

Larger organizations have continued allowing some of their workforce to work remotely as a talent retention solution, while smaller organizations have switched to hybrid work.

In hybrid and remote work, organizations strive to increase employee engagement and resort to initiatives like higher pay, rewarding milestones, and other monetary perks.

However, these only serve as extrinsic motivation that may not sustain for a more extended period.

Employee motivation is an ongoing and consistent effort that needs to be focused on aligning employees with the organization's vision and collaborative building relationships with team members.

Team building is one such initiative that helps build relationships, a positive organizational culture, and motivates employees.

A well-organized team-building activity can be detrimental to team engagement in a remote work environment.

Contrary to the common misconception that remote team building games are not as engaging as outdoor ones and are more complicated, it is now easy and affordable to organize engaging remote team building activities.

For example, organizing online team-building games in Singapore has become more common during the pandemic.

Almost every type of team-building activity is being customized for virtual teams.

Escape rooms that were once popular outdoor activities are now being organized virtually.

Nevertheless, not all organizations get it right with team building.

A poorly organized team-building activity has the counter effect and drives employees towards a stagnant and unengaging work culture.

Here are a few tips on organizing virtual team building activities that improve team engagement and productivity:

Have a purpose:

It is a misconception that team-building activities are mere games conducted as checklist activities.

If utilized well, they are a powerful tool in building team relationships and conflict management.

Team building activities need to have a purpose of being effective.

Not all activities are the same, and activities need to be customized according to the purpose or goal of the activity.

For example, ice-breaker activities are organized to help team members get to know each other, while movie nights relieve stress.

Listen to feedback:

Team building activities are not always successful.

Sometimes they lead to disappointments, conflicts, and embarrassments.

In these scenarios, employees tend to develop a cold shoulder towards these activities.

To avoid these pitfalls, it is essential to get feedback from your team members after completing these activities.

And acting on employee feedback also improves trust between the employer and employees.

Ensure participation of the leadership:

Team building activities are ineffective without the participation of executives.

Managements often ignore participating in these activities due to apprehensions like becoming vulnerable.

However, being vulnerable builds trust and empathy between the leadership and team members.

This also conveys that leadership is willing to put themselves first for the welfare of the team and organization.

Participation from leadership is one of the hallmarks of successful team-building activity.

Make it fun:

Team building does not always have to be around achieving the organization's goals.

Organizations need to prioritize individual employee goals too to boost employee morale.

Organizations that ignore employee personal growth risk a lack of trust and unengaged employees.

Therefore, team-building activities can sometimes be organized only to have fun and build camaraderie.

Activities that are fun and stress-free rejuvenate employees and help them recuperate from stressful environments.

These activities create lasting memories and break down barriers.

Engaging remote teams is more challenging than engaging office teams.

Persistent efforts and prioritizing employee personal growth alongside the organization's growth can help build an engaging and positive remote work culture.

Team building activities are not only for bringing the team members closer but also to help employees grow individually.

Planning the activities, allocating the right resources, and gathering feedback can help derive the best value from these activities.

Virtual activities do not have to be considered different from outdoor activities.

The critical criteria can remain the same.

Virtual activities are more fun and exciting if organized well. The pandemic has reminded us that remote work cannot be avoided.

In the USA, organizations that do not allow remote work or flexible work are experiencing an excellent resignation wave, with employees quitting in record numbers.

Flexible work arrangements, large and diverse teams, and remote offices are the new normal.

Therefore, virtual activities are the need of the hour to build productive remote teams.

If you find this article interesting, don’t forget to share it with your friends and family.

Don't forget to like us FB and join the eAskme newsletter to stay tuned with us.

You May Also Like These;

>

November 01, 2021

Best Business Management Softwares Online

Business management software is there to make things easy for businesses. 

Whether you are running a large corporation or a small business, there are always so many things that you have to manage. But you cannot do everything on your own.

You need business management software to help you do multiple things simultaneously without losing your brain.

Best Business Management Softwares Online: eAskme
Best Business Management Softwares Online: eAskme

Every business is willing to do anything to save time for more productive works, increasing the demand for business management software.

Using business management tools, you can make the process efficient.

But, there are many business management tools available online that may confuse you.

Here is the list of best business management software for you.

Proofhub:

Proofhub is a business management software. You can access all the necessary business management features that can help your business.

It is easy to streamline the process, get feedback, and share files using Proofhub. You can also use Proofhub Android and iOS apps.

Reasons to choose ProofHub:

  • Efficient task and project management.
  • Track project.
  • Dynamic reports.
  • Time tracking.

Flodesk:

Flodesk is another email marketing service.

Small businesses find it quite useful, and you can create creative emails with the help of creative designs.

For example if you are running a >moving companies Tampa then you can use email marketing to promote your service.

Reasons to Choose Flodesk:

  • No limit
  • Unlimited email sent, and subscribers
  • Drag and drop email builder
  • Signup forms
  • Email sequences.

StudioCloud:

StudioCloud is a superior business management service, and it is an all-in-one solution to manage your business.

Reasons to use StudioCloud:

  • Manage vendors, clients, and partners.
  • Professional invoices
  • Personalized and automated reminders.
  • Sign contracts and client review features.
  • Customizable.

Timely:

Timely is known for its time tracking system.

You can use Timely for time management, reporting, invoicing, etc.

Even if you are running business like Jack Harrison Air, still you can use timely.

Reasons to use Timely:

  • Automated
  • Real-time projects
  • Clear reporting
  • Overtime, hourly rate, and capacity features.

Zoho One:

Zoho is an all-in-one business management software and solution.

You can use it for company management, and it streamlines the operations with the help of 40 valuable tools.

Reasons to use Zoho One:

  • Everything at one place.
  • Document sharing and storage.
  • Automate business workflows.

Score:

The score is another complete business management software solution.

You can use it to bring your team together with reporting, sales, and projects.

Reasons to use Score:

  • Unlimited projects.
  • Easy to manage invoices, contacts, and quotes.
  • Effective tracking.
  • All-in-one solution.

IBE net:

You can use IBE net for invoices, reporting, expense tracking, and CRM support.

It is also easy to use this tool in the management, marketing, and consulting industries.

Reasons to use IBENet:

  • Customizable dashboard.
  • Pre-delivery reporting.
  • Invoice generation.
  • Easy to organize, analyze, and visualize data.

Conclusion:

These are the 7 best business management solutions that you should use to easily and efficiently manage your business tasks.

Automation and modern features have made these business management softwares effective and popular.

If you still have any question, do share via comments.

If you find this article interesting, don’t forget to share it with your friends and family.

Sharing is Caring!

Don't forget to like us FB and join the eAskme newsletter to stay tuned with us.

Other handpicked guides for you;

>