5 Mistakes You Might Be Making With Your Lead Scoring (And How To Avoid Them)
In our last few blog posts, we’ve talked about what lead scoring is and how to get started with a lead scoring program. Lead scoring programs take quite a bit of initial effort to get up and running, and you want to translate that work into results! To support that effort, here are the top 5 most common lead scoring mistakes we see in our clients, and how you can avoid them.
1) Asking the prospect too many (or too detailed) qualification questions in forms
It’s tempting to ask your prospects every question possible in your forms to qualify them as sales ready leads. Remember to consider that prospects may not be filling in fully accurate information, especially if you’re asking for details they might not even know (such as trying to determine their sales ready status by asking BANT information — Budget, Authority, Needs, and Timeline). Try to use progressive profiling, and only ask information appropriate to where they are in the sales cycle.
2) Assuming bigger is always better
A Director (not a VP) may be your decision maker. A coordinator may be your main researcher. A mid-size company could be a better fit for your sales cycle and timeline. Don’t just assume in your lead scoring program that you only want CEOs and Fortune 500 companies receiving the coveted high scores. Make sure you’re taking into account the personas of your influencers and decision makers beyond senior leadership that reflects your prospects’ buying behavior.
3) Scoring email opens
Open rates tend to mean that the reader’s email server downloaded an image from the email. This could be in a preview, or even while they’re clicking the delete key. So while open rates can be a good macro trend to look at, don’t place too much weight on the value of the open. Go for engagement-centric metrics like click throughs and form fills, where you know without a doubt the prospect is engaging with your marketing.
4) Scoring either demographic OR behavioral values
You can’t have a good sales ready lead if they’re not a good fit for your organization. Just like you can’t have a sales ready lead if they’re not ready to buy your product or service. Don’t just score on one value (demographic) or the other (behavior). In order for your program to work properly you need to examine both customer fit and sales readiness based on behavior. More tips on that here!
5) Not allowing sales to adjust scores
Creating a lead scoring program in a vacuum, or carving it in stone means it won’t last long. Sales should be allowed to adjust the scores of their leads, whether higher or lower, to reflect where the leads actually are in the sales readiness cycle. At the end of the month or quarter, you can review the adjusted leads to determine larger scale updates you may need to make to your lead scoring program.
Want to make sure you get your lead scoring program setup right the first time and avoid these common mistakes? Contact us and we’ll help you get a lead scoring program up and launched successfully.