Lead generation is essential for any business that expects to be around for a while and prosper. I want to offer a couple of ideas for lead generation for small business that are relatively low cost, but can be very effective in generating new business. These methods focus on underutilized methods to reach new customers and engage existing customers and if implemented properly will yield positive results rather quickly. The four methods that I would recommend are:
Coupons – Coupon sites are all the rage with the exponential growth of Groupon.com and other group buying sites over the last year. These group buying sites that can have massive amounts of traffic, but also squeeze the margins on your sales and require deep discounts, which is why it is important to realize there are other alternatives to distribute your coupons and generate leads. The best place to setup and distribute your coupons are through your Google Places account, formerly Google Local Business Center. After you have completed their setup process and verified you business, there is a tab for coupons. This tab allows you to setup multiple coupons for your business that will appear on Google Maps alongside your business. Even if the discount that you are offering is not that great, there should always be an active coupon in your account due to the extra exposure it generates on on Google Maps. It sets you apart from all of your competition that has not taken the time to setup a coupon for their business.
Coupons can also be distributed through Google using Google Coupon Feeds, but this process is only for merchants with large numbers of coupons. If only have a couple of coupons and a couple of locations, Google Places is much more efficient.
Craigslist – Generating leads from Craigslist is a topic that I covered here and here, but it is worth mentioning again because it is such an easy and effective method that is still underutilized. It really is as simple as adding a reoccurring event to your calendar every two days to update your Craigslist listing. It does not need to be unique every time although mixing it up from time to time will help. A quick review of the posts mentioned above will provide much more detail about using Craigslist effectively, but this is a simple reminder to say get something posted.
Facebook Fan Page – A few months ago, I would have likely said that Facebook was not an effective method for lead generation for small businesses due to the amount of time necessary to maintain a page. With the additions and social hooks that have been added by Facebook over the past few months that allow for greater integration into other websites and greater sharing within Facebook, I would now recommend Facebook as a lead generation tool for small businesses.
The key to using a Facebook fan page effectively is growing your number of fans and creating activities that causes them to engage on your page which will spread to their friends as basically referrals. For instance, post a sign in your business for your customers to join your Facebook fan page or offer some incentive or discount to your customers that join and then post offers on the page that they may “like” which their friends will see. You may also offer an incentive in which anyone that “likes” your post will have a special discount coupon mailed to their inbox. As your list continues to grow and creative methods of interaction are utilized, your Facebook Fan Page can become an effective lead generation.
Local Business Referrals – It is also important to remember that lead generation should still occur offline as well as online. I recently read this story about a car wash with 12 locations that is able to generate over $40 million per year in revenue by placing coupons on the counters of other local businesses without even the need to reciprocate placement for those businesses. They simply would regularly distribute their coupons to each business as a “gift” to their customers and this led to an amazing amount of sales for each location. That’s it. Simple, but very effective.
There are many other methods for generating leads like Google Adwords and traditional advertising, but I wanted to highlight a few methods that have much lower costs and are very easy to maintain. Once these methods are put in place, they are very easy to maintain which makes it much more cost effective. Set a plan to have each of these methods in action within a week and I am confident you will be pleasantly surprised with the results.
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