Biz Tips: 5 Lead Generation Strategies For SaaS Companies

Biz Tips: 5 Lead Generation Strategies For SaaS Companies

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5 Lead Generation Strategies For SaaS Companies

A business that sells Software-As-A-Service knows how difficult it is to generate leads and then convert them. There are tons of marketing strategies that can be leveraged by companies to generate leads however not every strategy can fit all kinds of businesses. Especially when we talk about SaaS businesses, a different set of marketing strategies are required for customer acquisition.

SaaS marketers spend a ridiculous amount of time and effort in creating content and then promoting it with 85% of marketers prioritizing lead generation and sales as their primary goal. The reason being is fierce competition and the need for a continuous stream of leads for keeping the business afloat.

To help SaaS businesses keep getting a significant number of leads, here are the top 5 lead generation strategies that are being used by businesses around the globe.

Content Marketing

When it comes to attracting customers, engaging with them, and finally converting them into leads, content marketing is the best strategy in the SaaS industry as well. Brands around the world leverage content marketing for building their brand, attracting visitors, and of course converting them into leads.

PPC might be able to provide immediate results but it is limited till the time you’re spending whereas content marketing helps you in the long run with spending a dime on it. According to stats, 61% say that their decision to buy a product or service was influenced by a blog. However, content marketing isn’t only about writing blogs and promoting it but also about creating videos, infographics, or anything relevant that can either entertain or educate (or both) your audience.

SEO

Your content marketing strategy isn’t complete without an SEO strategy. SEO stands for search engine optimization and is basically a back-end mechanism that makes your content rank in the search engine results page. But why do you need it? According to stats, Google receives over 6.3 billion searches and 67% of all the clicks go to the first five organic results. While PPC is definitely a powerful marketing strategy, it’s a fact that the majority of the searchers bypass the ads on the SERP.

In order to stay ahead of your competitors and reach your potential customers, you need to present your business in front of them and that’s where SEO is crucial. There are two types of SEO-

On-Page SEO

The SEO part that is completely within your control. On-page SEO includes keyword strategy, internal linking, meta description, use of titles, UI of the website, and page load time.

Off-Page SEO

Off-Page SEO basically refers to the links you build from other related websites. However, it’s not only about links that you build, but it’s also about the quality of the links. Other than that, social media is also critical as shares and likes from influencers also reflect the quality of the content.

LinkedIn

If you’re in the B2B SaaS business, LinkedIn can be a lead generation machine for you. According to stats, a whopping 94% of B2B marketers leverage LinkedIn to distribute their content. Start by creating relevant content for LinkedIn pulse, build a targeted audience base over there, and keep engaging with them. This continuous engagement will build trust between you and your audience which will later act as the reason behind people buying your product or service.

Also, remember that any content strategy is incomplete without an actionable CTA. Add a CTA that can make people take action.

Free Trials

Apparently the most used lead generation tactic by SaaS businesses. After all, “test drives” allows people to understand whether your product is a fit for them or not. And that’s why you need to make a trial version available for your potential customers via your website.

Trial version is a very effective lead magnet, especially for businesses that are dealing with a tech-savvy audience. Your potential customers want to try the product before actually making a buying decision. But in order to convince people even to try your product, you need to first create awareness regarding your product. That’s where the above-listed strategies will help.

Google AdWords

Promoting your content on Google has its own set of benefits, you get instant exposure in front of your audience without making efforts on your content. Additionally, it also allows you to reach a highly targeted audience and drive traffic to your website.

The best way to leverage AdWords is by running a series of tests and checking which one provides maximum ROI. In this way, you’ll get to know about what kind of ads appeals to your targeted audience the most. If done rightly. It can become the primary source of lead generation for your SaaS business.

To Conclude-

These were the most effective lead generation strategies that are used by top SaaS businesses today. However, to have a continuous flow of leads for your SaaS business, you need to provide your potential customers with reasons behind why they should use your service or product. Create a buyer’s journey and try to influence your customers at every phase of it using the above-mentioned strategies. In this way, you’ll create awareness about your brand and finally keep generating a significant number of leads.

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5 Lead Generation Strategies For SaaS Companies was originally published in Marketing And Growth Hacking on Medium, where people are continuing the conversation by highlighting and responding to this story.

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