According to the Chief Marketer 2014 B2B Lead Generation Survey, content marketing, website registrations, social media and pay-per-click advertising posted the most significant gains in usage for B2B marketers seeking new leads. 67% of B2B marketers said they would use content marketing this year, compared to only 53% for 2013. The rise in website registrations or opt-ins goes hand-in-hand with the increased reliance on content marketing: 70% will rely on online registrations this year, compared to only 58% last year.
Channels Used or Planned for Lead Generation 2014 | |
Channel | % of Respondents |
87% | |
Online registration/opt-in | 70 |
Social networks | 68 |
Content marketing | 67 |
Trade shows/conferences | 62 |
Webinars | 44 |
PPC/Display | 43 |
Direct mail | 42 |
Telemarketing | 37 |
Online directories | 36 |
Retargeted ads | 32 |
Live events | 28 |
Affiliate marketing | 26 |
DR print | 25 |
Rented lists | 19 |
Compiled data | 14 |
Source: Chief Marketer, August 2014 |
Use of social media in lead generation rose to 68% in 2014, although the channel is still tricky for B2B marketers, says the report. “… social media has provided a way… to interact with prospects and existing customers… but conversion [via social] has been slow and challenging,” summarizes one respondent. And, “ social allows potential leads to hear a company’s voice and experience our personality even before meeting in person,” wrote another.
The Biggest Obstacles To Generating New Leads Via Social Media
Source: Chief Marketer, August 2014
Over 65% of respondents are using email as part of their generation strategy this year; only 15% had no plans to use email in 2014. The marketers who didn’t plan to use email this year cited a variety of reasons, including:
Marketers who use email are getting their names from a variety of sources, with 73% citing web registrations or opt-ins directly from prospects. 31% are renting files from brokers or compilers, while 20% are using third-party email opt-ins and 26% are using media or publishing partners. Only 4% admit to using addresses collected via automated harvester software.
B2B Lead Generation Tactics Yielding The Largest Number Of Qualified Leads (For Your Company; Choose 3) | |
Tactic | % of Responses |
Referrals | 50% |
48 | |
Live sales visits | 46 |
Direct marketing | 25 |
White paper downloads | 20 |
Search marketing | 19 |
Telemarketing | 17 |
Webinars/podcasts | 15 |
Company owned social pages | 12 |
Conversations in social groups | 11 |
Social networks | 8 |
Targeted display | 7 |
Online directories | 7 |
Monitoring social messages | 4 |
Custom publishing | 4 |
Source: Chief Marketer, August 2014 |
Most respondents are thinking long-term, with 69% saying they want to acquire customers who will prove profitable over the lifetime of their relationship with the company. Only 31% said they are looking to acquire new customers who will be profitable from the first transaction.
Offerings To Prospects In Return For Their Contact Information Or Opt-In | |
Incentive | % of Total |
Product discounts/samples | 33% |
Enhanced services | 24 |
Reduced/free shipping | 16 |
Entertainment content | 4 |
Contest/sweeps entry | 21 |
Source: Chief Marketer, August 2014 |
43% of respondents say their lead generation aims for 2014 are focused primarily on finding new customers. Retention or reactivation was the core goal of 9%, while 41% are focused on current customers with an eye towards expanding outside that circle. The remainder cited a variety of approaches, including rebranding efforts and cross-channel initiatives tied to generation.
65% of B2B marketers are measuring their lead gen ROI by the cost of prospects that ultimately convert (cost per acquisition). 22% look at the cost of collecting prospect data (cost per lead), and 13% look at how many prospects are contacted by a salesperson (cost per opportunity).
With the multitude of channels available to consumers and marketers today, attributing exactly what effort was responsible for the lead or conversion is a challenge, says the report. 64% attribute leads to multiple channels and 12% to single channels. 4% attribute to first click and another 4% attribute to last click, while 10% leave it up to a customer reported source. A few of the remaining respondents said they didn’t have any methodology for attributing leads.
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