Strategic Approaches to Lead Generation
Through Thought Leadership
See also: Storytelling in Business
Lead generation is a marketing process aimed at arousing people's interest in a specific product or service. A survey by MarketSplash showed that the most commonly used strategies for attracting clients are email (78%), advertising at various events (73%), and content marketing (67%).
The digital marketing industry constantly evolves, with marketers continually seeking new and effective ways to generate more high-intent leads. Numerous strategies exist, but lately, more and more companies are harnessing the power of thought leadership.
So, what is thought leadership marketing? How can it help attract clients and make your business thrive? Read on to find out.
What Is Thought Leadership?
Thought leadership is the practice of positioning an enterprise or building a personal brand as a recognized authority, influencer, or expert in a specific field. It involves creating and disseminating unique content, valuable ideas, and perspectives aimed at solving industry problems, educating others, and shaping the direction of its development.
Thought leadership not only strengthens authority but also has a positive impact on client acquisition strategy. Around 66% of marketers consider it very important for effective marketing campaigns.
A thought leader is a person or company that shares their experience, analyzes industry trends, provides expert advice, and inspires others with their ideas. Classic examples include Bill Gates, Steve Jobs, Elon Musk, and companies like Amazon, Nike, Microsoft, and Google. They all have social influence and are leaders in their respective industries.
Of course, only some businesses have a marketing budget, like influential brands, but that doesn't stop companies from becoming thought leaders. For example, if you educate and motivate people through content, you can consider yourself a thought leader. Why? Because you've earned a valuable resource – audience attention.
The Role of Soft Skills in Thought Leadership
In the modern world, where technology and data play an increasingly significant role, soft skills have become integral to successful thought leadership marketing. The ability to inspire, lead, and effectively communicate with both teams and target audiences is more important than ever.
What are soft skills?
They are a collective definition of abilities, knowledge, and behavior patterns. In simple terms, they are non-professional skills associated with personal qualities.
What are the most important soft skills?
Many businesses consider analytical thinking their primary skill, comprising an average of 9.1% of the core skills stated by companies. Creative thinking comes second, surpassing resilience, flexibility and agility, motivation and self-awareness, curiosity, and learning.
How Soft Skills Enhance Communication, Empathy, and Adaptability
Why are soft skills important? Soft skills are crucial in improving communication, empathy, and adaptability and are essential to successful thought leadership.
For example, listening, expressing thoughts and ideas clearly and effectively, and adapting to different situations and audiences contribute to effective communication within a team. The ability to understand and share the feelings, thoughts, and experiences of others is a critical component of empathy. Furthermore, soft skills help in reacting flexibly to changes in the environment and quickly adapting to new circumstances.
How Soft Skills Help in Understanding Leads’ Needs and Contribute to Building Relationships with Leads
Soft skills are equally necessary in understanding the needs of leads and in building relationships with them. A high level of empathy allows for truly understanding the leads' situation, motives, pains, and goals. This helps in making educated decisions and developing strategies focused on meeting the needs and interests of leads.
The ability to listen and attentively perceive information from leads allows for a better understanding of their needs, expectations, and issues. Soft skills also contribute to building trusting relationships with leads. Trust, in turn, fosters more open communication.
Thought Leadership and Lead Generation: What's the Connection?
Thought leadership involves creating and disseminating high-quality educational content that positions the company as an authority in its industry. Thought leadership content can take various formats—it could be videos, blog articles, or reports. The materials should carry unique meaning on the topic, be relevant to the target audience, and be well-developed. Only in this case can you generate quality leads.
When creating videos, it's important to add subtitles to enhance accessibility and engagement. By doing so, you provide viewers with hearing impairments the opportunity to understand the content, as well as help non-native English speakers grasp the information more easily. This simple step can significantly increase the overall effectiveness of your videos and contribute to effective lead generation.
Companies that use thought leadership as a solution for lead generation can gain authority in the market and earn people's trust in their products or services. Additionally, they interact better with their audience, allowing them to build long-term customer relationships.
Can You Track the Effectiveness of Thought Leadership?
There are various methods and tools that you can use to assess the impact of thought leadership. Let's consider some of them:
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Content engagement metrics: Monitor engagement metrics and measure all types of content you produce, like blog posts, articles, videos, and social media posts. Pay attention to page views, time spent on a page, comments, and likes. These metrics indicate the level of interest and response your content elicits.
Website analytics: Use analytics tools to track the effectiveness of your thought leadership. Monitor traffic sources, bounce rates, and conversions to understand how effectively your content attracts and engages visitors and whether it prompts them to take desired actions, such as filling out forms, subscribing, or downloading.
Social media analytics: You can easily measure your reach, engagement, followers' growth, and clicks across various platforms. Evaluate the effectiveness of all types of content, hashtags, and posting times to optimize your social media strategy.
Taking a comprehensive approach and combining multiple methods and tools is important to get the most accurate picture.
How To Create an Effective Thought Leadership Strategy
If your company plans to use a thought leadership strategy for lead generation, the following tips will help you achieve excellent results.
Track Effective Lead Sources
When you know which channels generate leads and which do not, you can allocate your budget rationally. The best tool for tracking the effectiveness of advertising campaigns is call tracking.
Thanks to its extensive and useful functionality, call tracking software is often called Google Analytics's counterpart. However, the system has a significant advantage—it records offline user actions, which the Google Analytics tool does not track.
There are many digital products on the market, including call tracking for lead generation. This software provides comprehensive solutions for managing marketing campaigns, call tracking, analytics, and optimizing customer acquisition efforts.
Automate Lead Information Collection
Collecting information about potential customers is the most effective way to attract leads through thought leadership. When the audience visits your website or social media pages to learn about your thought leadership, capturing information about them is important to keep their interest.
Automating the lead generation process and using inbound call tracking software enhances the efficiency of collecting data on potential customers and tracking the results of marketing campaigns.
Use Landing Pages and Lead Magnets
Another way to generate leads through thought leadership is to link content to high-converting landing pages. Place relevant CTA buttons to encourage the audience to take specific actions.
Additionally, you can attract more potential customers with lead magnets. These are "baits" that companies offer users to encourage them to share their contact information—email address, phone number, etc. Lead magnets can include free consultations, online lessons, webinars, and informative brochures.
Create SEO-Friendly Content
Content will only bring you customers if your target audience can easily find it. You can facilitate search by optimizing your content for search engine requirements. Learn what keywords and phrases your audience uses to search online and organically embed them into your work.
Furthermore, the content needs to be structured and easy to read. Include visual elements and other internal and external sources to ensure readers have a more enjoyable experience and your website ranks high in search engine results.
Give More Attention to Quality
Another way to generate leads through thought leadership is to focus on quality rather than quantity. Materials should provide value and deep knowledge to the target audience. Although developing such content takes time, this is what your business needs to build trust and achieve desired results. Your company should create a few high-quality materials that the audience will find valuable rather than publish numerous meaningless articles.
Promote Your Content on Various Platforms
Content needs to reach as many people as possible to generate desired results. You can increase your reach by promoting it through various channels, such as sharing it on your social media pages.
An effective way to do this is to add a comment that prompts your followers to click on the link to access a specific page. You can also promote it through email, which allows you to deliver information directly to the target audience.
Key Takeaways
Thought leadership is of great importance for lead-generation companies. A strategic approach to lead generation through thought leadership is an effective strategy that can lead to significant success and business growth.
Insightful and high-quality content can make a brand prominent and influential in its industry and attract the attention of the target audience. For effective business lead generation:
- Track effective lead sources using call-tracking solutions for lead generation
- Automate lead information collection through lead generation software
- Use landing pages and lead magnets
- Create SEO-friendly content
- Focus more on quality than quantity
- Promote content on different platforms
At the same time, don't forget about personal development and personal growth, as marketing soft skills play a significant role in effective lead generation.
About the Author
Victoria Berezhetska is a Content Lead at Phonexa, a single operating solution for partner and performance marketing. In her work at Phonexa, she covers diverse topics around digital marketing, including affiliate marketing, call tracking, lead generation, and so much more.