What is lead nurturing in marketing strategy?

What is lead nurturing in marketing strategy?

If you own a website or any web platform, you are certainly not unfamiliar with the various concepts of web marketing strategy, especially if you are doing dropshipping.

And this is primarily to promote your online business to your visitors. Lead nurturing is a concept that plays a particularly important role in your search for potential customers. It's a whole conversion system that establishes stable trust and fosters loyalty between you and the internet user.

Discover in detail in this suite what it actually entails, why and how to implement it to get the maximum number of qualified leads.

Article summary

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Lead nurturing: an inbound marketing method

Since the advent of web marketing, companies have tested several tactics to establish reliable contact with internet users. Sticking with the traditional approach, the main idea would be to directly reach potential customers through traditional media channels (television, radio, print, etc.). Unfortunately, this message quickly becomes irrelevant to the audience.

This is where inbound marketing comes in, a method that implements a completely different principle: attracting customers. It involves providing visitors with messages containing the information necessary to gradually become qualified leads. This is achieved primarily through the distribution of relevant, high-quality content. And this is done via new communication and analytics tools such as social media, email newsletters, webinars, and SEO technologies. Lead nurturing plays a crucial role within this entire inbound strategy.

When does lead nurturing (lead maturation) come into play?

Undoubtedly, lead nurturing plays a crucial role in your inbound marketing strategy. After attracting a user to your platform, they quickly become a regular visitor thanks to the originality of your content. Enthralled, and likely finding a solution to a need, they subscribe and are converted into a lead. This is when the lead nurturing process kicks in. The lead is now on the verge of making a purchase decision. For effective lead nurturing, you'll need to use marketing automation to trigger the process: sending the right messages at the right time. This will allow you to remove purchase barriers without any intrusive tactics, leveraging the advantages of inbound marketing.

What advantages does inbound marketing offer you?

As previously stated, inbound marketing offers your company a wide range of options for converting leads and retaining customers. Specifically

  • Being able to exchange messages in real time with the lead or client allows you to better understand their needs and interests. You can then analyze, at any time during a discussion, the impact of your actions and the relevance of the content you are sharing
  • Gaining better visibility on the web: publishing original content gives you a greater online presence. Various SEO techniques also allow you to achieve better rankings in search engines
  • Gain many more contacts: this marketing action prioritizes supporting the lead through the various phases of the buying journey. You thus obtain their interest and access to their contact details (with their consent) as soon as they come to you and pass the stage of contact forms, calls-to-actions…;
  • Build stronger customer loyalty: after conversion, inbound marketing naturally encourages you to use loyalty tools like social media. They simply need to subscribe to your accounts to receive your content directly in their news feed. It's more convenient and avoids intrusive customer privacy.
  • Saving on marketing costs: the resources needed to set up inbound marketing training are much lower than usual. While they might require certain profiles and technical skills, most marketing tools are simply free.

By opting for inbound marketing, you therefore benefit from a complete nurturing strategy, from supporting each lead to becoming a qualified lead.

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Lead nurturing as marketing automation

Lead nurturing is the process of establishing a stable business-customer relationship throughout the buying process. It addresses the problem that most prospects (50% on average) are not yet ready to commit to a purchase. Further up the sales funnel, analysis reveals that nearly 98% of leads don't enter the sales cycle. Therefore, the nurturing solution involves encouraging these potential customers to make a purchase.

Imagine sophisticated marketing that automates communication with leads to guarantee a consistent engagement: that's marketing automation. This type of marketing is a technology that makes lead nurturing modern, customizable, and above all, adaptive. So, beyond simple automated communication, modern lead nurturing allows you to be more attentive and respond intelligently to leads based on their behavior and in real time across multiple channels, not just email.

Why do you need lead nurturing?

As you've probably noticed, businesses are now operating in a deeply digital world. The market is increasingly connected, as evidenced by the very existence of online commerce such as dropshipping. Potential customers expect highly personalized and scalable marketing solutions. They want to have the attention of businesses, not the other way around. And businesses are doing everything they can to build genuine relationships with prospects, fostering trust and loyalty. How can they achieve this effectively?

Lead nurturing allows prospects to become familiar with your company. This process gives you the time and resources needed to build a relationship of trust with the lead. Therefore, instead of being intrusive, your communication will be welcome.

Talking with your customers or potential customers can feel awkward, even fraught with doubt and hesitation. Lead nurturing with marketing automation helps you manage your leads effectively and, most importantly, ideally shorten the sales cycle.

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How to implement your lead nurturing strategy?

To better guide your prospects through the sales funnel, your lead nurturing program must be properly implemented. Since your inbound marketing strategy considers the entire conversion funnel, your lead nurturing, in addition to marketing automation, must be effective. Essentially, you'll need to consider the customer's buying process and the prospect's needs to ultimately become a qualified lead. Therefore, take the time to define your objectives, choose the lead nurturing technology that suits you, and integrate your nurturing strategy with the rest of your marketing.

Define your goals

Certainly, your goal as a company might be to maximize sales and gain a dominant market position, far ahead of your competitors. This is primarily why you develop a comprehensive sales strategy, including lead nurturing. However, it's crucial to break down this initial objective and formulate clear, precise goals so they can be achieved quickly. Furthermore, lead nurturing through marketing automation allows you to measure your results at every stage.

It's essential that your lead nurturing campaign includes qualitative objectives to concretely evaluate your marketing methods. Ask yourself what results you hope to achieve at the end of your inbound marketing strategy. For example:

  • Encourage the lead to gradually become a qualified lead
  • Generously encourage the lead to make a purchase decision as quickly as possible
  • Engage in conversations with prospects
  • Learn more about the needs of new leads
  • Refine and strengthen trust with existing clients…

The idea is to define quality objectives in order to establish a guideline for decisions. Your marketing teams, and especially your lead nurturing trainer, will need to be able to align with your schedule at a stable and regular pace.

In addition to defining qualitative objectives with your trainer and others, you'll need to link them to quantitative objectives—those that can be measured. Even if you don't yet have a clear vision of what your statistics should be, making estimates will be more than enough to kickstart your marketing campaign. Thanks to quantitative and industry-specific metrics, you'll be able to see the results of your lead nurturing training. Without them, your nurturing marketing could suffer, and it will be difficult to track progress toward achieving your objectives, even with the help of a trainer. You might consider:

  • Improve the conversion rate of potential customers into qualified leads;
  • Optimize the conversion rate of raw leads into customers;
  • Increase the monthly number of purchase-ready leads;
  • Minimize the number of prospects lost during the sales cycle;
  • Achieving better success rates…

When defining your lead nurturing objectives, it's essential to proceed step by step. A gradual approach will allow you to launch your lead nurturing training program more systematically, minimize the risks associated with your actions, and see in real time what works and what doesn't.

Select the marketing automation solution that suits you

Besides the time-saving and efficiency benefits of implementing marketing automation, it also allows you to develop essential business processes. Whether it's lead nurturing, lead scoring, sales cycle management, or even analyzing and personalizing your marketing nurturing strategy, it's up to you to choose the best solution for your business. Several options exist, including HubSpot, to meet all your needs, primarily your business objectives. Here's an example of a process to help you select the right marketing automation solution for your company:

  • Step 1 – Define a timeline: Are you changing tools or are you just starting to consider it? Is it related to a product launch? Or to a completely different factor?
  • Step 2 – Define your requirements: How many leads do you expect to generate? Will you need to contact third-party suppliers or have a strong lead nurturing capability? What are your specific objectives?
  • Step 3 – Define your users, your team, and perhaps a trainer: will you be mobilizing a competent team for all the work? Will other agencies need access to your system? What will the rights be for each type of user?
  • Step 4 – Consistently adjust your suppliers according to your criteria: what product does one have to the detriment of the others? What is the price in relation to the quality of the product sold? And so on…
  • Step 5 – Inspect the references and conduct further checks: if possible, contact other local companies. Reorganize your team accordingly and then make your choice.

However, double-check that the marketing automation technology you choose is well-suited to your lead nurturing campaign. This is crucial, as it's the key to its success. Taking HubSpot's lead nurturing software as an example, you'll notice these important points, among others:

  • Hubspot allows the activation of communication triggers based on the behavior of the lead or customer;
  • Hubspot offers you a dynamic experience, based on the preferences of each of your leads or customers;
  • Hubspot also gives you the opportunity to continue your nurturing campaign on most channels, both online and offline;
  • Limiting interactions with the client according to certain criteria or before contact becomes excessive;
  • A fairly advanced marketing automation technology such as HubSpot is used to control communication around interactions, criteria, timing, etc
  • Being able to initiate communication at the right time, that is, at the perfect stage of the sales cycle;
  • A fairly easy learning curve, just like with hubspot;
  • Ideally, simpler management of the content to be distributed…

Now that you have decided on your marketing automation solution, you will need to think about how to implement it in your entire web marketing strategy.

Integrate your solution comprehensively into your lead nurturing strategy

When developing your lead nurturing strategy, you should absolutely avoid thinking of it as a separate process from the rest of your overall strategy. You must consider your entire chronological list of marketing processes. There must be genuine harmony between your nurturing campaign and the other types of communications (email newsletters, product updates, etc.) that the prospect receives.

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Who should you direct your lead nurturing efforts towards?

To build a truly effective lead nurturing program, you have to start with the basics. We've been talking about this for a while, but it's time to really address the issue. You're setting up a lead nurturing system, but who should you target? Potential customers, you might say. However, any internet user could be considered one. Nevertheless, there's still a catch: how do you know if they fit your qualified lead profile? Ideally, you should first discuss this with your marketing team.

Create your lead profile (Personae)

Much like the concept of a "persona," each company likely has its own definition of a qualified lead. In the context of lead nurturing, this term refers to a prospect who begins to behave like a customer, meaning they are ready to buy. To define the perfect lead for your business, you absolutely must consider the input of your company's sales and marketing teams. Here's an example of the steps to follow:

  • Take the time to invite your sales and marketing team to determine the target audience, learn how to design your database, recognize existing leads likely to convert, and identify the characteristics of future leads;
  • Decide how to assess the value of each of your leads, whether one or the other represents a weak source or, on the contrary, a strong attribute;
  • Develop agreements that revolve around the transfer of leads between the sales and marketing departments;
  • Keep in regular contact with both departments to exchange information and, based on that information, review or refine the previous points.

Implement lead scoring

Lead scoring is literally defined as the "rating of leads." It's a fairly general sales and marketing method that allows you to classify prospects. You'll obviously need to rate potential customers based on their interest in your company, their current position in the sales cycle, and their suitability. This will allow you to better nurture them through the sales funnel.

Assessing a lead's level of interest is what's known in marketing nurturing as implicit scoring. If you're wondering how, it's done by observing the lead's behavior toward your company. This allows you to determine whether or not your company seems attractive to a particular prospect.

Lead matching relies on information related to demographics, firmography, and BANT (Budget, Authority, Need, and Time). This information is most often obtained through online forms. If your prospect is an individual, you'll only have demographic data such as their title, occupation, or location. In the case of a legal entity (company), you'll have access to a wealth of information about its structure: the company name, size, location, revenue, and so on

With all this information to note and classify, you will be able to set up a nurturing campaign worthy of each type of lead to help your sales team.

Create mailing lists

To succeed with your lead nurturing campaign, you'll need to grow your subscriber list and thus collect even more information for your database. According to a study by Moon Marketing, companies lose nearly 25% of their subscribers, and in other cases, leads that never make a purchase. To avoid this, you must nurture the top of your conversion funnel by building email lists. How do you do it?

If you have good marketers on your team, they will likely consider creating mailing lists on the following channels, for example:

  • Website (registration page, white paper…)
  • Social networks
  • Webinar
  • Blog
  • Events

Organize your database

Having a healthy and well-maintained information database is also essential to the success of your inbound marketing strategy. Several marketing automation experts attest to this, including Robert Pease, CMO at Heinz Marketing.

The following measures are all the more recommended if you obviously want to benefit from a well-conditioned database:

  • Frequently inspect each lead in its entirety
  • Identify and eliminate duplicates as soon as they occur
  • Continuously check the consistency of your information bank
  • Consider eradicating your unwanted contact database

But be careful, competitors might subscribe to and access your database to learn about your lead nurturing training. Discuss this with your marketing team.

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Another component of lead nurturing: content

As you've probably gathered, your content strategy is also a crucial factor. When well-planned, it boosts the effectiveness of your lead nurturing by providing engaging content to each prospect at the right time. Search engine optimization (SEO) technologies are particularly helpful in optimizing the content you distribute. Thanks to the automation solutions integrated into your marketing efforts, you should be able to determine, for each lead, the type of content they find relevant based on their specific needs.

Create targeted content for each phase of the sales cycle

When it comes to developing each lead, it's important to consider a specific content format for each stage of the sales cycle. This will allow you to easily build trust with the prospect in your company. From then on, encouraging them to make a purchase decision should no longer be a concern.

Identify the types of content nurturing

It's important to know that the most effective content for nurturing each lead should be a blend of what they want to do and what you want them to do. This is a good reason to learn more about the different types of content you can create.

  • Original content: This refers to content you create yourself, either through in-house writers or high-performing freelancers who excel in marketing roles. For example, a white paper, a blog article…
  • Curative content: content that you haven't necessarily written yourself. This is primarily highly relevant content tailored to your business objective. It's best suited for emails and social media. Especially since the goal is to stay in touch with the lead; as long as you offer them interesting content, they'll engage with it.

Define a basic structure for email

Email is an essential element in lead nurturing, and you'll use it very frequently. Therefore, it must contain the right information. Beyond simply delivering information to the prospect at the right time, this information must align with the type of email you want to send. You should therefore establish a default structure to ensure the message is immediately conveyed to the recipient. For example, a promotional email is designed to encourage a sales action, while an alert email is usually informative and triggered by a specific event.

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