Lead Management

Six Steps to a Successful Lead Management Strategy

Before you embark on a lead-management strategy, here are six steps you can follow to set yourself up for success.
Article Outline

Before you embark on a lead-management strategy, it pays to think some things through, do your homework, talk to customers, and carefully consider the characteristics and needs of your program.

Lead Management

Follow these six steps to steps to build your lead management strategy and set yourself up for success ‒ and watch those paying customers emerge at the bottom of the funnel.

Define your lead management process

Whether you’re guided by the “funnel,” the “waterfall,” or a different process, improving organizational lead management starts with a clear understanding of terms and procedures.

Begin, literally, with definitions. Simply talking about a marketing qualified lead (MQL) or a sales accepted lead (SAL) is unhelpful if there is no agreement about what, precisely, must happen before marketing puts the MQL stamp-of-approval on a lead.

A formal lead management process is about eliminating the “throw-it-over-the-wall” mentality for good. As a result, comprehensive lead management means a clear commitment not only to generating leads, but also to planning, routing, qualifying, and nurturing the leads.

Before you proceed with your lead management solutions, clearly document your policies for data management, including the storage, distribution, and archiving of lead and contact data.

Include all demand-generation stakeholders in crafting your strategy

It cannot be stated strongly enough: Lead management is not the exclusive province of the marketing organization. Involving the entire demand-generation chain, from the first strategic planning session, will enhance your success.

“It should go without saying that marketing and sales need to collaborate, but if you stop there you will miss other important groups such as operations, IT, and even outside agencies,” says Carlos Hidalgo, founder and CEO of VisumCx. “All of these groups should have a stake in the development and implementation process.”

Everyone that handles leads during the sales process must be consulted and informed about their responsibilities. Consider implementing some internal training to help everyone understand why lead management is so important and what their role is in the process. Sales must be included on many levels, from inside sales reps to strategic account managers who will want to get high-scoring, high-value leads into their own pipelines quickly.

Marketing and nurturing content development processes should also be considered part of the lead-management process and defined and maintained alongside the other steps in the prospect cycle.

Create buyer personas for better lead management

Demographics tell only part of the story. Look beyond the flat statistics and build a better understanding of your prospects – and your own value proposition – by designing buyer personas and mapping existing leads to them. The persona is a detailed sketch of the characteristics, triggers, motivations, desires, needs, and preferences of a customer.

An effective persona is one that has the customer’s goals at its core. Rather than focusing on data and probabilities, the individual represented by a persona should have clearly defined needs, wants, and aims.

Identifying how your products or services satisfy a persona’s objectives and soothe their pain points can tell you far more about how to communicate with your leads than even the most detailed market research.

Personas are not static. Always keep in mind that these representative customers will be investigating other ways to solve their problems. This will help you understand how to spread out (or compress) your communications with a lead, and also assist you refining the persona as the marketplace changes around you.

In the B2B and considered-purchase world, develop personas for champions, buyers, decision-makers, and users. Each has its own requirements and agendas.

A lead may not fit neatly into a single persona. That’s okay. Ranking the persona fit by score will give you more flexibility and a wider range of tools to attract and retain their interest.

How to Convert More Leads Into Customers

Create persona-specific content

Buyer personas have unique goals and requirements, so approaching them with cookie-cutter messaging will squander the effort you invested in understanding the personas. Designing content that speaks to their distinct goals is crucial.

The more accurately your content depicts how you can meet the unique needs of a prospect, the more likely they are to trust you with their business. Persona-specific content is one of the true tests of a self-proclaimed “customer-centric organization.” If you cannot truly detach your message from your own product-oriented goals and speak from the perspective of the buyer persona, you won’t be able to address the real-world problems your prospects face.

Different personas prefer different channels. Understanding a persona’s willingness to engage over social media, email, traditional phone outreach, and other touchpoints is vital – the medium really is part of the message.

Persona-specific content also gives you additional options before giving up on a lead. The persona you identified as the most likely fit may have been incorrect; in that case, consider switching tactics to the next best persona fit for a lead if it seems highly qualified yet otherwise unreceptive.

Watch, listen, and adjust

Lead generation is a continuous cycle, and the lead management process must also be viewed as a thriving, ongoing process that requires attention and adjustment to suit changing business conditions and market signals.

The success of the lead-management operation should be evaluated on at least a monthly basis, with metrics designed and agreed upon by all stakeholders.

Lead and campaign management solutions will provide constant updates on basic statistics such as email open and click-through rates. Watch these indicators carefully and don’t be afraid to make rapid changes if a campaign is falling flat before your very eyes. Today’s marketing tools provide the flexibility to change tactics on a dime, so use that flexibility to your advantage.

Lydia Sugarman, Founder and CEO of VenntiveAsk, suggests you ask your current customers what they like, why they do business with you, and what they’d like to see change. “All this takes a bit of courage because none of us want to hear what we’re doing wrong,” she says.

Customers ending their relationship with your organization can also provide tremendously valuable feedback to the lead-management team.

Face up to what both current and former customers tell you is wrong with your business ‒ and use it to design a better customer experience for new arrivals.

Let the process dictate technology

Today’s CRM and campaign-management solutions are sophisticated and flexible, but it’s still important to remember the processes that best suit your needs and those of your customers must take precedence. Don’t settle for software that forces you to constrain your goals and limit your effectiveness.

If any of your stakeholders want a field or statistic tracked for a lead or campaign, add it to the necessary systems. Your business is too valuable to skimp on database space.

Automated lead nurturing should be considered a must-have. Even the most sophisticated lead scoring and persona targeting can’t deliver an instant win of every prospect. Your qualified leads will buy, eventually, from someone. Be sure you’re still on their minds when they’re ready to choose.

What’s more, understanding the contact and campaign history associated with every lead is vital. CRM and marketing systems should seamlessly combine data to deliver a comprehensive activity record for everyone you interact with. It will inform future sales conversations and also provide valuable data for refining future campaigns.

Ensure your systems make it easy for sales to pick up hot and qualified leads from marketing, and that Sales understands the most significant trigger events which qualified each lead. If reading a white paper or attending a webinar pushed the lead over the threshold, Sales needs to understand when and where it happened, and what content was delivered.


When they’re thoroughly thought out, well-executed, and adjusted as needed, lead-management strategies can produce significant savings, reduce time spent in the funnel, and bring sales and marketing into closer collaboration.

And that’s a very good thing for your bottom line.

How to Convert More Leads Into Customers

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