5 Ways CRM Is Changing Lead Generation for the Better
Oct 19, 2022
12 min read
Five things you should know about CRMs and lead generation
The best CRMs do much more than collect and store customer information like phone numbers and email addresses.
The right CRM improves lead generation and helps you convert prospects into paying customers.
Features like lead scoring, analytics, predictive analytics, and in-built email marketing make it easier for marketers to engage with and convert leads.
Using a CRM that improves lead generation can increase sales and revenue in your organization.
FiveCRM is a CRM built for telemarketing and lead generation that helps you source, nurture, and convert leads.
Lead generation remains one of the most important marketing strategies for your business. Without leads, you can't drive sales or revenue. It is part of the lead management process—when you move customers through your sales pipelines.
A customer relationship management system (CRM) can help you source leads and nurture prospects (leads who have moved into the sales process) for more effective sales and marketing outcomes. However, not all CRMs are the same. Some systems merely collect customer information and don't offer the capabilities for effective lead generation.
Choose a CRM that changes the way you manage leads. The best platforms let you capture leads that have a higher chance of conversion and identify high-quality prospects for nurturing. These systems streamline lead generation, allowing your marketers to focus on other tasks.
Learn five ways CRM can change lead generation and make it easier to turn prospects into bona fide customers.
1. Analytical Tools
Regular CRMs do little more than collect customer information such as names, phone numbers, addresses, and email addresses. While these systems prove effective for managing customer details, you won't be able to generate or nurture leads effectively.
CRMs with analytical tools help you better understand the people who engage with your business. You can observe, track, and monitor behaviors to properly target prospective customers and move them through your sales and marketing pipelines. You can take actionable steps toward generating more high-quality leads with in-depth insights about possible customers.
Analytical CRMs collect data from leads every time you engage with them. You can then identify patterns and trends in this data and make smarter decisions about marketing campaigns. For example, you can learn which leads are likely to convert soon or identify high-quality leads interested in your products and services. The best analytical CRMs let you view data on heatmaps, dashboards, graphs, charts, and other data visualizations. Share these reports with your sales team for more effective lead generation.
Analytical CRMs can be effective for social media lead-generation campaigns. For example, your CRM software can help you measure the effectiveness and reach of a Facebook post and find prospective leads that engage with your marketing content. Alternatively, you can discover which social media content resonates the most with prospective customers and create more of this content in the future.
An analytical CRM typically lets you identify patterns and trends in data within its system. However, some platforms will run data through third-party business intelligence (BI) tools, allowing you to generate valuable intelligence about your marketing campaigns
Analytical CRM Use Cases
You want to create a lead generation campaign that targets leads in a particular geographic region. An analytical CRM can help you source high-quality leads in that region based on customer behavior and location data.
You want to create a lead generation campaign that targets a particular demographic. An analytical CRM helps you source high-quality leads with shared characteristics or interests.
You want to make sense of all the data that flows into your organization. An analytical CRM can present information through data visualizations like heatmaps and bar charts, making it easier to identify high-quality leads for nurturing.
An analytical CRM helps you complete the four steps of the lead generation process: identifying target customers, engaging with targets, following up with targets, and converting targets into customers.
2. Predictive Analytics
Predictive analytics lets you predict the likelihood of a future outcome based on data, machine learning, and statistical algorithms. It is similar to data mining and can help your marketers get more insights into customer behaviors. By using predictive analytics, you can view behavioral patterns that help you understand prospects, deliver customized content to them, and convert more leads into customers.
Not all CRMs have predictive analytics capabilities. The best platforms will extract existing and historical data sets to determine future events and trends. Choosing a CRM that offers predictive analytics can bring real value to your organization and make lead generation easier.
Leveraging predictive analytics in your enterprise has multiple benefits:
You can predict a future outcome and take actionable steps to prevent a negative scenario from impacting your business. For example, you can identify periods of the year when sales might decline and think up new strategies to generate leads during these periods.
You can learn what customers are looking for and target them more precisely, increasing qualified lead generation.
You can track lead behavior on your website and weed out weak leads early on. That lets your marketers focus only on high-quality leads interested in your products and services.
Predictive Analytics CRM Use Cases
You want to post a big announcement on social media but don't know when to do it. Customer relationship management software with predictive analytics capabilities will analyze social media trends and let you identify the best day and time to post your announcement so it reaches the most people on websites like Facebook, LinkedIn, and Twitter.
You want to convert a prospect into a customer but don't know when to do it. Predictive analytics will analyze current and historical sales pipeline data to determine when prospects are most likely to convert.
You want to launch a new marketing campaign but don't know which prospects in your CRM to target. Predictive analytics will analyze data to find leads interested in your products and services. Focusing on generating leads will increase the likelihood of conversions, helping you generate more revenue for your organization.
3. Integration with Email Marketing
Email marketing can be used as a standalone marketing technique or alongside other outbound methods such as telemarketing, telesales, cold calling, and warm calling. It's a great way for your marketers to reach prospective leads before contacting them on the phone.
The best CRMs integrate with email marketing automation tools, allowing you to send newsletters, updates, offers, and other materials that entice leads and move them through your pipelines. You can procure email addresses through your website when visitors sign up for free white papers, newsletters, or other resources. Alternatively, you can ask leads over the phone if they would like to receive email communications from your team.
CRM and email marketing integration let you tailor and customize emails to leads based on their behaviors, interests, and preferences. For example, you can send an email to a customer with details about your product after talking to them over the phone. Automated email marketing tools let you send bulk emails with little human intervention, saving time for your marketing team. Other email marketing tool features include bounce tracking and drip campaign management.
CRM and Email Marketing Integration Use Cases
You want to tell customers about your product or service before reaching out to them over the phone with a sales call. CRM tools with email marketing capabilities let you send messages to people on your contact information list that contain product features, links to product pages, and welcome offers. You can then follow up the email with a call from your team to convince leads to become customers.
Many CRMs with email marketing features let you personalize emails based on a prospect's interests or behaviors. For example, you can send a lead a message about a new product they might be interested in based on their previous purchasing history.
Email marketing tools can even help you accumulate feedback from leads about your products and services. You can send emails with a link to a survey that collects information about prospective customers and use this data for future marketing campaigns.
4. Identifying and Understanding Your Target Audience
To properly identify your target audience to gain new leads, you first need to clarify and understand what problem your product or service solves for people. Once you get that right, you can find the right people for lead generation.
Some CRMs can help you do this. These platforms collect data about which prospective customers interact with your campaigns and reveal insights about your target audience. You can use this information to learn more about your demographic and improve your lead generation strategy.
CRM Use Cases for Identifying/Understanding Targets
You want to discover the pain points prospective customers experience when using similar products and services to yours. This information will help marketers explain how your offerings solve problems and add value. A CRM that identifies and understands targets provides you with the information marketers need to engage with targets.
You want to launch a new product but don't know how much to sell it for. CRMs that identify and understand your target audience will help you learn what prospective customers are willing to pay for your product so you can price it accordingly and generate more sales.
5. Lead Nurturing
Once you've zeroed in on your quality leads, a CRM can systematically help you with the process of lead nurturing, which is a vital step toward converting interested leads into customers. This process includes marketers sending out relevant content to prospects at various stages of the lead life cycle and engaging with prospects via email, phone, and other communication methods. That all helps you move closer to the finish line of sales.
Apart from just sending out targeted content, the right CRM can also help your marketers complete all the tasks associated with lead nurturing, such as lead scoring, multi-channel nurturing, and follow-ups. The best platforms automate these processes so marketers can concentrate on converting leads.
Another lead nurturing feature in the best CRM platforms is call scripts. Using call scripts can help telephone marketers guide conversations and exchange the correct information with leads. A script can also help marketers stay on track during calls and appear more professional.
CRM Lead Nurturing Use Cases
You want to find the best leads to nurture and convert during a marketing campaign. A CRM with lead scoring capabilities assigns each lead in your CRM a score based on their behaviors, interests, demographic information, and previous interactions with your company. You can nurture leads with the highest scores and increase the likelihood of sales.
You want to follow up on an earlier phone conversation with a lead and convert them into a paying customer. The best CRMs analyze data to find the best time to call that lead in the sales cycle, increasing the chances of conversion.
How FiveCRM is Changing Lead Generation
The right CRM can be very beneficial for marketers in terms of finding the right leads and identifying the best ways to nurture them to conversion. CRM features like in-built email marketing, lead scoring, analytical tools, and predictive analytics make lead generation tasks more effective and help you turn more prospects into customers.
FiveCRM is the only CRM designed for telemarketing and lead generation, helping you manage your enterprise's calls, agents, and leads. With FiveCRM, you can double your call rate and generate unique insights about your lead-generation campaigns without leaving the platform. Everything you need for lead generation is in this system!
Here are some of the ways FiveCRM optimizes lead generation:
Increase your hit rate with warm-up email marketing that showcases your products and services before and after phone communications. That helps you target high-value prospects with the right marketing materials.
Improve sales efficiency for inbound marketing and outbound call efforts. Manage callbacks, automate workflows, and streamline dialing sets that reduce your call transition times and focus on generating more leads.
Manage up to 999 separate databases for telemarketing and get unlimited data storage to scale your business and lead generation efforts.
Specialized performance and marketing tools track operational performance, helping you capture as many leads as possible within a short time frame.
FiveCRM's lead scoring tools let you focus on the highest-quality leads in your sales cycle. You can customize these tools based on pipeline management tasks.
Track and obtain real-time about departmental performance and generate key metrics that improve sales growth and lead generation opportunities. You can also improve conversion rates and customer experiences.
Learn more about how FiveCRM improves lead generation here. Alternatively, contact the team for a demo or get FiveCRM now.
Michael King says...
"I can’t think of a time where a client has requested something that we weren’t able to do with FiveCRM. Unlike most systems, it has a lot of flexibility."
Managing Director, Senior Response
JANE HUSBANDS SAYS...
“Each client, and each of their campaigns, has its own unique specifications. We essentially needed to set up mini CRMs on one platform to meet those requirements.”
Operations Director, Team Telemarketing
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