Lead Generation Survey Of 324 Australian Small Business Owners Released

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Earlier this year I conducted a survey focused on Australian Online Lead Generation practices, in collaboration with Dr Marc Dussault of Platinum Programs. The results were telling but not particularly surprising – most Australian SMEs don’t know what they’re doing when it comes to generating leads over the Internet.

And that’s understandable.  I don’t know how to perform brain surgery, build a house or prepare a company tax return because that’s not my core business.  But if I want to do any of those things, I find someone who can do it and outsource it to them.

The Survey:

324 Australian Small to Medium sized businesses from a diverse range of industries were dissected, scrutinised and thoroughly examined via an online survey of 28 questions. 81% of the study participants came from organisations with less than $1 million in annual revenue.

Key Findings:

The findings expose the fundamental reasons why a deadly ‘heart attack’ is almost assured for the majority of Australian small business websites and what needs to be done to stop the bloodshed.

• SMEs understand the importance of online marketing – 77% assess their website as being moderately to critically important for generating enquiries and influencing sales at the present time. A WHOPPING 98% predict that their online channel will be moderately to critically important for generating enquiries and influencing sales within two years’ time.
• 82% suffer from marketing blindness because they don’t track any KPIs (Key Performance Indicators) for their website. 65% aren’t tracking ANY conversion rates such as newsletter opt-in rates or shopping cart checkout rates.
• 83% suffer from acute traffic depression and are either moderately dissatisfied or very dissatisfied with the traffic volume their website receives.
• 86% admit they have no clue about their Search Engine Optimisation results and can only estimate their Return On Investment in ballpark figures
• A staggering 83% suffer from major cellular damage, running with online promotions that are actually eating their profits. They never realise the consequences of their actions because they don’t TEST to optimise results when they introduce new website features or content.
• 58% suffer form an embarrassing memory loss that’s costing them tens of thousands of dollars in lost profits, as they hardly ever or never send email broadcasts to their suspects, prospects or clients, thus missing out on a major revenue opportunity that could boost their constitution in a matter of days.
• 96% of respondents assess their website as being only minimally to moderately effective at achieving their revenue generation goals.

Dissection of the answers obtained from this extensive survey lead to the conclusion that one of the main problems lies in the lack of systems, strategies and processes that can create and sustain a profitable online lead or sales generation pipeline.

Most Australian SMEs are not doing the basics right (testing and tracking, keep-in-touch marketing, optin-and-followup), let alone the advanced strategies required to get outstanding results.

From a therapeutic standpoint, we recommend that Australian businesses begin taking a much keener interest in the health of their Internet marketing. Prevention is better than cure and as the saying goes, “An ounce of perspiration is worth a gallon of blood”.

A diet high in well-targeted online advertising with attention-grabbing headlines and clear calls to action that leverage proven Internet marketing strategies such as opt-in email marketing, information and education, testimonials, “proof” elements and sales process automation will ensure a long, healthy and prosperous life for any small business.

The full internet marketing survey diagnoses the source of the ailments and proposes several potential cures, providing that the unsuspecting victims are warned in time and take proactive action to protect themselves.

Download the Full Lead Generation Survey Report Here (PDF)

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How To Know When Subscribers Unsubscribe From Your Autoresponder Email Sequences

Lead generation on the internet, like all direct marketing, is a constant interplay between you (the marketer) and your prospects and clients. By understanding how suspects and prospects and clients are responding to your marketing message, you can tweak and optimise your approach accordingly – and the faster you tweak, the faster your results improve.

A client in the B2B consulting area recently asked me what a “typical” unsubscribe rate is for an email or autoresponder list. Here’s how I replied (paraphrased of course — I don’t actually speak in numbered points).

1. Unsubscribe rates can vary enormously. The main factor that influences your unsubscribe rate is the VALUE you offer your list on an ongoing basis. There is a delicate balance between education, value and selling – and the general rule is it’s much more effective to demonstrate value first before selling.

2. You’ll notice I didn’t actually answer the question above . If I had to give a figure, I would say that typical unsubscribe rates for “Special Report/White Paper + followup” sequences are in the 5% to 30% range.

3. Your unsubscribe rate is cumulative — it will tend to climb over time so in order to maintain a robust list size, you have to add new members faster than they unsubscribe.

4. Some messages in your autoresponder series will trigger many more unsubscribes than others. If you know which message(s) are the main culprits, you can edit accordingly. Take a look at the Followup Status – Unsubscribed report from within the Aweber autoresponder system (highly recommended, by the way):

As you can see, message 7 is the main offender — responsible for a massive proportion of unsubscribes!

A quick check of message 7 confirmed that the subject matter switched from good information and education to a “buy now” pitch, with some fairly clear-cut “disqualification” criteria. In other words, “buy now or go away”. Many subscribers obviously “took the hint” and hit the “unsubscribe” button.

Should you really care if list subscribers unsubscribe?

Making your unsubcribe rate as low as possible is NOT optimal in most circumstances. If your unsubscribe rate is very low, that MAY indicate your offers are too weak or you are not qualifying clients and/or setting appropriate buying criteria.

Autoresponder series are not only a powerful education tool but also a powerful QUALIFCICATION tool. Let me give you an example:

One of our clients is involved in property development project management in Brisbane. Their marketing had been quite effective at generating enquires, but of a very low quality. The result was that the sales team was forced to pick through the pile of low-quality leads to get to the hot prospects.

They solved this problem by publishing a targeted Special Report on their website, backed up by a series of autoresponders, educating prospective property investors about new property development options and how to put a deal together. One of the main purposes of the sequence is to DIS-qualify “non-buyers” BEFORE they call and start consuming salespeoples’ time like hyper-absorbant sponges.

So in this case, a certain number of unsubscribes from the list are a good thing.

Although not all unsubscribe patterns are as pronounced as the one in the image above, if you at least know how users are responding to each stage of your lead generation process, you can test new approaches to get improved results within only a few iterations.

Here’s to YOUR success!

Will
Autoresponder Marketer

P.S. I highly endorse the Aweber Autoresponder system because of it’s very reasonable cost and raft of useful features, including the ability to SPLIT TEST multiple emails to the same list and track the results — that’s instant leverage.

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