Sunday, March 12, 2017

BANT Leads Defined – Do you really need BANT?

ThinkLogic a telemarketing company in Singapore has been in the lead generation industry for more than 10 years and we have spent a lot of time on the phone with Marketing Managers and salespeople discussing marketing strategies that correlate with sales objectives. One of the questions we always ask is for the salesperson to define what they consider to be a qualified lead and one of the most common answers we get is the definition of BANT (Budget, Authority, Need and Timing)


Yet the fact is that each organization has their own unique purchasing process and those criteria will actually be irrelevant if followed adamantly. Buyers have changed, but BANT hasn't. So some of the BANT criteria for your hottest leads will most likely be missing. As this industry evolves, we need to start redefining the meaning of quality leads and until we do, BANT will be one of the reasons why lead conversion will remain a problem. In this article, we are going to discuss everything you need to know about BANT and why it NEEDS a bit of renovation.
The Need for Dynamic Criteria
The main difference between what worked in the past and what works now is how dynamic the business environment has become. Change is inevitable. We need a qualified lead criterion that can continually adapt in response to changing buyer situations and behavior patterns. How? By shifting focus from budget and timeframes to buyers needs, issues, pain points and level of interest. Doesn’t that make a lot more sense?  With these factors as key indicators for qualified leads, you’re most likely going to see much better results in terms of actual lead to sale conversions.

We at ThinkLogic have designed a dynamic method that addresses the issues in BANT. It enables salespeople to have a clearer picture of their prospects and allows them to position themselves inline with what the buyers are looking for, creating higher chances of actual sales. Get in touch with us today and learn how we have helped several companies generate highly qualified leads with our Interest Based Lead Generation method.

Wednesday, January 11, 2017

B2B Interest Based Tele-lead Generation – Why it works



There is no doubt that cold calling or traditional telemarketing nowadays is no longer as effective as it used to be. With a multitude of platforms available, cold-calling potential clients has received a bad rep being labeled as invasive and disrespectful. Let’s face it, who wants to be cold called and pitched to? With that being said, most agencies have had to adapt to this change and have ventured into email blasting, social media marketing, contact syndication etc. But the truth is, even with the bad rep that cold calling has gotten, it still is one of the most effective ways to generate leads. Talking to prospects directly has more traction than emailing them your solutions and hoping they take interest.

Being in the B2B telemarketing business for more than 10 years, we have taken all of the stated facts into consideration and have come up with a way to address the cold calling dilemma. Interest Based Tele-Lead gen was made to counter all of these issues, let’s show you how.

The issue: “Cold Calling is invasive, disrespectful” – Calling a prospect when they least expect it leads to so many questions, making the recipient uneasy and on defensive mode. No matter how good your product or solution is, it will not be received well. Who are you? Where did you get my number? Are you selling something? Some of the many questions that are probably in their minds from the moment you start talking.

The solution: DATA BASE! The main reason why pitching your solution to an absolute stranger wont work is because you do not know what interests them and are just hoping that this is something that they need and are free to talk at the moment.

Our database is categorized by interest (hence the term Interest Based Tele-Lead Gen) meaning each contact has already been spoken to by one of our database researchers and asked basic questions as to what type of solutions their organization needs or are interested in hearing about whether it may be ERP, CRM etc. They are then offered to receive white papers through email related to their interest and asked whether they would like to receive further communication. If they agree, their basic contact details are gathered and is categorized by interest into our database.

Why it works: When a client avails of our lead generation services, we select what data to use for the campaign. Since our data is strategically categorized by interest, it will be a lot easier for our lead generation specialists to provide MQL, SQL types of leads because:
           
1.     We already know what solutions they are looking for.
2.     The contacts already know that they will be receiving further communication eliminating the cold calling aspect.
3.     We have their basic information (email, direct contact number) meaning getting a hold of them will be much easier.
4.     Since we are presenting something that interests them, there is a higher chance of converting them into warm / hot leads.

When these leads are passed on to your sales team they already have been well educated in your solutions and have shown real potential in actual product purchase. Converting them into sales will be a lot easier.

This is one of the most critical parts of B2B lead generation and is why we have a separate dedicated team of data researchers who manually build up our contacts using this strategy. Our interest based Tele-lead generation method has helped some of the biggest names in the technology space because it simply works!

Are you looking for a Telemarketing company in Singapore? Do you want to gain greater advantage over your competition from a joint Marketing/Sales approach? Contact us at +65-6715-1446 or email inquiries@thinklogicmarketing.com.