What are lead magnets?
Lead Magnets tend to be exclusive pieces of content that is provided as incentives for the customer to carry out the desired action. (you usually sign up for an email newsletter or provide contact information). Common types of lead magnets include downloadable PDF files, case studies, resource lists, and videos.
Why do they work so well?
You can target them – Instead of giving the same generic “Subscribe to my mailing list” message on every page, you can offer specific incentives for what your visitors saw on that page, meaning they are more likely to convert.
Offers a clear reason to subscribe – Lead magnets give your consumer a genuine reason to subscribe to your mailing list. Rather than just requesting your consumer subscribes to your newsletter with no real incentive, your subscribers know that they’ll get something in return for their email.
Makes your visitor a legitimate lead – When you create a lead magnet you know you will never get a 100% conversion rate, however, you know those that do sign up for it have a genuine interest within your business, allowing you to follow this up. Here’s an example for you:
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Creating a lead magnet in five simple steps:
1. Choose your customer – The biggest mistake marketers make with their Lead Magnets is trying to attract too many people all at once – You want to do the exact opposite. Your Lead Magnet needs to be specific to the people you want it to attract. If your Lead Magnet isn’t relevant to the wants and needs of your buyer persona, they aren’t going to download it. Most companies have several different demographics they want to target; however, each lead magnet should be specific to each one.
2. Identify what you will offer – Once you have identified your customer you need to then decide what value you are going to offer them. The more valuable the content that is offered the more leads are going to be generated. The most valuable thing you can offer is giving the customer something they already need, rather than trying to work out what it is that they want.
3. Give it a name – Now you have decided what piece of value you are going to offer, giving It a name should be easy. It needs to be short and attention-grabbing, sparking your customer’s interest.
4. Choose the type of lead magnet that you will offer – By this point, you probably have a good idea of which type of lead magnet you are going to offer, however, you often have several options to choose from that you can deliver.
To name a few:
guide/report, cheatsheet, toolkit/resource list, video training, free trial, discount, quiz/survey, assessment/test, sales material.
5. Build it – The hard work is done, but you still must work on creating your Lead Magnet. As you work on your Lead Magnet, remember who it’s for the value you want to offer. If you keep those two things in mind, the process will be straightforward.
Of course, if you need any help with anything mentioned above, please do not hesitate to get in contact with the team at Creationz Marketing.