March 24, 2020
Lead Generation for Manufacturers: 9 Strategies to Crush 2021
Over the last decade, lead generation for manufacturers and industrial organizations has transformed. While the industry is still heavily relationship-driven, like every other vertical it’s been affected by digital disruption. Marketing for manufacturers is changing rapidly. B2B buyers are empowered with more data than ever and shopping experiences in our consumer lives are informing our expectations in our business lives.
As the modern economy evolves – manufacturers and industrial firms may find themselves wondering how to get more sales opportunities in a quickly changing sales and marketing environment.
If you’re ready to move past the basics of lead generation, these are the manufacturing and industrial lead gen trends we’re seeing drive success as we head into a new decade.
Industrial Lead Generation with Account Based Marketing
Account-based marketing can provide manufacturing and industrial firms a strategic way to market only to the prospects your organization’s value most. It flips the thinking of a funnel. Instead of casting a wide net and working to qualify down to the best opportunity, you identify the accounts you want to work with and target outreach and promotion to reach and influence buyers. Generally, it works as an additive strategy to a diverse sales and marketing program and can run parallel to an inbound effort. It’s also a great way to repurpose and leverage your inbound content in a complementary strategy making sure you maximize your content investment.
Centralize Marketing if you Sell Through Distributors
For manufacturers who sell indirectly through distributors, consider centralizing your manufacturing marketing efforts. By creating a coordinated marketing effort, you can provide a digital co-op marketing initiative to your distribution partners. It serves two purposes. First, it provides a central place for potential buyers to go to as they research products. As the manufacturer, you retain brand control. Second, it’s a value add to your distribution channel as you can provide a steady stream of leads. It can also serve as a channel to recruit new distribution partners. Finnleo, a sauna manufacturer with a dealer network distribution channel, is a great example.
Leverage Inbound for Manufacturing Lead Generation
Inbound marketing is a great way to drive a steady source of new leads for your manufacturing or industrial firm. Inbound marketing at its core is about creating content that answers your potential buyer’s questions early in their research process. The content is designed to convert prospects along with conversion funnels, maybe you provide a webinar or request a quote. Inbound also serves as a great way to develop your organization’s thought leadership and is extra powerful when combined with industry outreach and PR. Further, inbound aligns well with how engineers want to consume content based on research from Engineering.com When asked about preferred ways to acquire engineering information, a search is the top channel for finding answers to questions. This begs the question: if your engineering buyers have questions, whose content will they find, yours or your competitors?
Leverage marketing automation and CRM
A key part of successful lead generation for manufacturers is implementing the right sales and marketing tools to support digital sales. Essential to that tech stack is a CRM that your sales team will actually use, with data governance that is meaningful to your business and marketing automation that helps nurture and identify opportunities. Marketing automation in manufacturing is also a powerful tool to help drive efficiency into often manual processes from lead routing and quote management to data governance and lead nurturing.
Outside of paid media for account-based marketing and promotion around tradeshows, retargeting is an absolute must. If you’re doing any sort of lead generation program – retargeting is a low-cost way to drive additional conversion opportunities off people who respond to your manufacturing lead generation programs but don’t convert on your website. You’ve already invested a ton to get a prospect to your manufacturing website, if they don’t convert, set aside a small add budget to serve ads to them after their visit to try again.
Monitor social conversations
Depending on what your firm makes, monitoring social media for conversations around needs or trends can be a great way to identify opportunities for direct sales, PR opportunities to talk about your offering or identifying new channel partners. You can monitor conversations in several different ways. Join groups on LinkedIn, set up feeds or lists on Twitter or search on Facebook.
Activate paid media around trade shows
Trade shows are still a great gathering place for manufacturing and industrial firms. But following up with people from trade shows can sometimes be a bit – meh. Instead of grabbing everyone’s business cards, leverage your marketing automation tools and let people book real meetings with you. Or set up a nurture sequence for those who stop by the booth.
Activating paid search around the tradeshow name is often a low-cost way to drive traffic to a landing page ahead of the trade show. Here you can promote any giveaways or reasons for people to book time with your team.
Monitor industry news & trends
Similar to monitoring social media, monitoring news alerts can be a great resource on multiple fronts. It can inform you inbound content strategy, support your account-based marketing program or provide opportunistic outreach opportunities for your sales team. The easiest way to do this is to set up Google Alerts or create a Feedly account to monitor terms and topics that matter most to your industry and buyers.
There is a constant flow of tech tools rolling into the market. Here are a few of our favorite lead generation tools for b2b. Of the tools mentioned in that post, LinkedIn Sales Navigator is probably the most relevant for our friends in manufacturing and industrial organizations. One of the features I find the most useful is the account and lead recommendations. As you interact with and tell Sales Navigator what kind of leads and accounts you’re interested in, it surfaces new contacts and accounts that are similar but might not have been on your account based targeting list. It’s a great way to expand your scope with the accounts you can truly add value to instead of randomly selling to anyone with a pulse.