What is a Lead Magnet?
Ever hear the term Lead Magnet and wonder what it means?
Put simply a Lead Magnet is a “content piece” or “content asset” that provides helpful information to your website visitors that allows you to convert those website visitors into potential customers or “Leads”
The goal of any content piece or lead magnet should be to provide some compelling information in return for the the website visitor completing contact details on a form like the one shown. Then once you have their contact details you can then “nurture” them until they become clients.
Sounds easy doesn’t it?
The advice of most Marketing experts is that your website must offer a Lead Magnet so you can collect website visitors’ contact details to build a prospect list. I agree, but…
“Lead magnets” are only the very first piece of the puzzle. Its great that you now have a lead – but how can you “nurture” that lead to becoming a client?
First you have to think of the process required to take someone from being a lead to becoming a client – your sales process.
The Sales Process
Hubspot describes the Sales process as having three main stages
- Awareness where Leads have either become aware of your product or service, or they have become aware that they have a need that must be fulfilled;
- Consideration where Leads are aware that your product or service could fulfill their need, and they are trying to determine whether you are the best fit; and
- Decision where Leads are ready to make a purchase.
There are different types of content that are more appropriate for certain stages in the sales process than others. Knowing this will help you “nurture” your leads through these different stages of the sales process.
Awareness Stage Content Assets
Content assets in the ‘Awareness’ stage are appropriate for that stage of the buying cycle because they help educate your lead – not on your solution, but on their need. Some examples are:
- Tip Sheets
- How to Videos
- Educational Webinars
Consideration Stage Content Assets
Content assets in the ‘Consideration’ stage, however, speak directly to how your company can help solve their needs, bridging the gap between the educational assets and product/service information. Some examples are:
- Product Webinars
- Case Studies
- Data Sheets
- Demo videos
Decision Stage Content Assets
Content assets in this stage require more action from the lead – actions the lead is more likely to take because they’re now more educated about their problem and why your business is a good choice for solving it. Some examples are:
- Free trials
- Live Demos
- Estimates and
- Coupons/Special Offers
Remember “lead magnets” are only the first stage. Before you start preparing that eBook and/or capturing contact details with a “Lead Magnet” you need to map out your sales process and make sure you have content pieces that are going to nurture your leads into becoming clients along all three stages of the sales process, not just a lead magnet for the Awareness stage. Otherwise you may end up with lots of names in a database but not any new business.
Need some help?
If you would like learn how to map out your sales process and create new leads, customers and sales $$$$ we would love to help. Just call us 1300 676 448 or contact us for an obligation-free discussion.