Many remodelers have embraced e-mail marketing and social media tools, which are great assets to any company. However, it’s also important to embrace lead nurturing, which is still a less prevalent practice with most companies. Lead nurturing keeps your customers engaged on a regular basis and gradually introduces them to advanced sales cycle stages.
Statistics and Studies
Consider the following facts:
- Lead nurturing e-mails get four to ten times the response rate that standalone e-mail blasts get. [SilverPop/DemandGen Report]
- 25% of all leads are legitimate and will advance to sales. 50% of leads are qualified although not ready to buy. [Gleanster Research]
- 35% of sales go to the vendors who respond the most quickly. [InsideSales.com]
A recent study at HubSpot examined companies using general e-mail marketing and/or lead nurturing. In this study, they considered the average and median click-through rate (CTR) as well as unsubscribe rate. Lead nurturing e-mails consistently had significantly higher CTR than generic e-mail blasts. On average, lead nurturing e-mails generated 8% CTR while general e-mails generated 3% CTR.
The study also revealed that lead nurturing e-mails had a slightly higher unsubscribe rate (1%) than e-mail sends (0.5%). This may seem like a negative statistic, but it is actually evidence that people who are quality leads are staying on the list while uninterested parties are choosing to no longer receive messages. As a remodeling company owner, this is a great news for you. More dedicated subscribers means more potential customers for your business.
What To Take Away From This
The studies clearly show that lead nurturing does work, and is generally a superior form of marketing over e-mail blasts. Instead of generic messages that may or may not have any relevance to potential customers, lead nurturing keeps the communication personalized and catered to each specific potential customer’s current stage of the sales cycle. This personalization also keeps your remodeling business in the front of a client’s mind as they are evaluating a purchase or remodeling contract deal. You don’t want your messages to get potential clients sold on the idea of remodeling without a specific company in mind. You want them to have your company in mind.
Get Started Today
If the concept of lead nurturing is new to you and your company, don’t get overwhelmed. You don’t have to overhaul your entire marketing campaign plan all at once. Start slow and work with what you can as you can, adding in more new practices over time.
Blog Post Written by Spencer Powell
Spencer is the Inbound Marketing Director at TMR Direct. Spencer specializes in helping clients create and execute effective inbound marketing campaigns.