Situation
A small
consulting firm wanted to grow. It had enjoyed a steady stream of
white paper downloads from its website. Phone-based business developers
would follow up with downloaders to set a meeting, but the calls
often resulted in, “We have not read it yet,” or “We’re
just at the research stage.” Ultimately, the white paper downloads
were not generating enough conversations to satisfy the firm's aggressive
growth goals. The downloaders were too unfamiliar with the firm
to accept a one-on-one meeting.
This
small firm needed to continue touching these “warm”
prospects to build trust, further qualify prospects, and increase
the odds of setting introductory meetings. The Rally Point Webinars
team created a lead generation webinar campaign to do just that.
The
Campaign
The
firm decided to deliver webinars to:
- Generate
new leads
-
Nurture existing leads
-
Strengthen relationships
-
Establish greater trust
Since
the firm had two popular white papers, they based their initial
events on them.
To
focus on both lead generation and nurturing, the firm conducted
two separate marketing campaigns for the one event. The first campaign
targeted their house list of about 750 and the second targeted a
rented list of about 20,000, with supporting banner ads on the publisher's
site. All marketing was web-based:
| “We
knew our house list was not large – but we also put a
lot of focus on the importance of continuing the relationship
with those prospects. They demonstrated interest in our services
and we wanted to make sure we provided new outlets for that
interest until they were ready to talk. If just one prospect
decided to call because of the campaign, it would pay for itself.”
– Client leader at firm |
The
firm stressed their desire to have relevant attendees and focused
more on the total qualified prospects rather than just the number
of registrations.
The
Results
Both
the house and rented list campaigns were a great success. The house
list generated 60 qualified registrations, meaning a staggering
8% of the list registered for the event.
Over
100 hundred new, qualified leads were generated from the rented
list campaign. While this was just 0.5% of the rented list's size,
it was accomplished with just one e-mail and supporting banner ads.
More
importantly, the follow up to the event (still taking place) resulted
in 6 opportunity-based meetings. Those meetings were set less than
a month after the webinar and involved over $50,000 of services
being discussed:
| “Individuals
that once would not accept my calls, never mind my requests
for introductory meetings, were completely different after attending
our event. The process became much easier…and more pleasant.”
– Business developer at firm |
| “The
meetings I had as a follow up to our event were fantastic. The
event, full of our thought leadership, expertise, and philosophy
allowed us to get past the fluff usually covered in a first
call. These prospects wanted to get right into how we could
help their firm. There was immediate trust in the conversation.”
– Client leader at firm |
While
it is too soon to determine the final dollar impact of the campaigns,
it’s clear to firm leadership that webinars are the tool to
increase their lead generation and nurturing effectiveness. The
firm plans on delivering 6-12 webinars in the next 12 months.
Other
Numbers:
- 28% of registrants clicked on resources provided after the
event, such as a recording or worksheets.
- About 40% of those who registered attended the live event.
Most of those who did not attend planned to view the webinar
recording.
- Open rates on the webinar invitation e-mail were an impressive
29% for the house list and 11% for the rented list.
- 66% of those who clicked on the e-mail invitation or banner
ads converted into webinar registrants.