6 Tips to Optimize the Conversion Rate 

Don't lose any more leads - with Leadtributor

Every sales organization aims to close as many high-turnover sales deals as possible in order to increase the closing rate and also the conversion rate. This requires a large number of potential buyers (leads). The closer the prospective buyer is to the final purchase decision (hot lead), the easier it will be to close the deal. The call of the sales teams for such "hot leads" is therefore very understandable.

Leads are rarely processed properly

In fact practice shows time and time again that a large proportion of the leads generated are not processed or are not processed correctly, and as a result a lot of unused sales potential simply seeps away in the lead process. Why is this so?

1. Leads go cold

Probably the most common reason for the unsuccessful termination of a sales process is the fact that the generated leads are passed on to the right processor too late or not at all. A four-week delay in processing can mean that this customer is lost for an entire investment cycle and thus for many years. The rapid processing of leads still offers great potential for differentiation.

2. The leadfunnel has "holes"

"Holes" in the leadfunnel mean that hardly any deals are made from a large number of generated contacts and prospects. In the course of the lead process, leads are regularly lost at various points: they are routed to a place where they are not processed further or the processing of the leads is insufficient. These are the starting points for targeted improvements for conversion rate optimization.

3. Good leads are not identified between many bad ones

If a partner has a bad experience with transferred leads, he will probably not process new prospect contacts from the same source in the future. An actual "hot" lead may remain unprocessed as a result. When transferring leads of different quality, it is therefore essential to mark their quality in order to enable the partner to prioritize and expect the right processing.

4. Information is lost during the transmission process.

A lead can be processed more effectively the more information is available about the prospect. If important information is lost during the lead process, the prospect cannot be adequately served. The contact may be referred to an unsuitable partner and thus cannot be won, or additional effort is required to generate information that was already available. In addition, this usually leaves a bad impression on the prospect.

5. Processes are turning repetitive loops

A lot of time and money is lost when a lead goes through process steps multiple times. For example, if the profile information is recorded correctly right away at a fair, there is no need for the call center to make a follow-up qualification call. The lead can be processed directly. It should also always be taken into account which materials have already been given or sent to the prospect. Even the best marketing material is more likely to have a negative impact if the prospect receives it for the third time.

6. Transparency on the lead process is lacking

To improve processes, you first need to know where the problems are. How long does a lead take from the time the contact request is recorded until the sales representative or sales partner calls back? What percentage of leads are still waiting for that call today, and what are they? Who is responsible for this? The entire lead process is a critical business process and should therefore be clearly documented and closely monitored across all stages in order to be able to react quickly and accurately to undesirable developments.

Conclusion: Conversion rate optimization only works with transparent KPIs

If you follow all these tips, it is of course not guaranteed that you will close all contact requests positively. But two things are certain: 1) You have the necessary transparency about the lead process and can react and optimize quickly 2) You have a significantly higher conversion rate!