Nurturing leads is important to the growth of any business. According to Forrester Research, companies that are successful at nurturing leads generate 50% more sales-ready leads at a 33% lower cost. However, lead nurturing can fall by the wayside at many companies. If you haven’t already implemented a lead-nurturing strategy, you should consider doing so. But before you get started, make sure you understand why lead nurturing is important and what strategies you can apply to your own business.
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Lead nurturing is when businesses build relationships with prospects. It is an important aspect of inbound marketing, which is the use of content marketing, social media and other online communications methods to attract customers’ attention. When a potential customer finds your business, they may not be ready to purchase your products or services. Nurturing leads is an effective strategy for driving sales, because it can keep you top of mind for prospects so they come back when they are ready to purchase.
Lead nurturing is similar to any relationship: The more you put into it, the more you get out of it. But if you fail to strengthen a relationship, then you’ll naturally drift apart.