How to Get New Clients for Portfolio Management Services Business?
Portfolio Management Services (PMS) offers an investment solution to richie rich or high net worth investors (HNI) with an objective to deliver robust alpha as compared with the benchmark indices. Market regulator Securities and Exchange Board of India (Sebi) recently issued FAQ to clear all the doubts about the industry.
No matter how good the quality of your product / service, every businessman needs to be a good salesman to increase sales and make it a success in the product / service market. Lead generation is an essential factor for any product / service to be sold in the market. Sales leads are a lifeline for the sales team in any business. In the language of sales, lead can be a customer or another business / company. Which could be your potential buyer. But it’s not that easy.
Sales leads are potential customers in the first phase of sales of your products / services. The more leads you have; the more people are likely to convert into your customers and increase sales in the business. If you do not focus on lead generation, you may miss out on the opportunity to make huge profits in the business. The revenue generation, sales or profit of any business depends entirely on the customer.
1) Lead Generation Company: If you do not have many sales leads, buy them from a lead generation company and provide some budget for it. You can get leads through lead generation company without marketing / advertising your business. By purchasing leads this way, you can get detailed data of your potential customers and interact directly with them. These leads are more likely to convert into your customers.
2) SEO: SEO makes your business / company’s website appear on the first page of Google according to the keywords that define your products / services. Quality SEO increases your website traffic and increases inbound sales leads. It is easier to increase organic traffic to a website through SEO than to invest in a more expensive advertising campaign. Focus more on quality content to follow a basic SEO strategy, as well as keep your website business profile and blog posts up to date.
3) Landing page: Landing page can be used in many ways. But most of it is used to get more leads through forms, offers, trials etc. If you have your own server, all the online traffic goes to your website. This will increase leads and sales at a very low cost.
4) Webinar: Webinar is an online video conference. Where the presenter discusses industry related issues with the customers online. The webinar, which was successful last year during the lockdown period, will continue to be the most effective way to communicate with customers. Webinar marketing is an effective strategy for many businesses. A quality webinar can give good leads to the business.
5) Blogs: A blog is a post with rich content on your website. If your blog is quality, it can allow you to get sales leads. Blogging increases your chances of getting a positive ROI by about 15%. Blogs increase the visibility of your business and inform your potential customers about your business, products / services.
6) White Papers: White Papers are an official report which solves the problems of the readers, answers their questions and helps them make the right decision. Whitepaper is an effective tool in lead generation. According to a survey, 60% of people think that white paper is a valuable way of lead generation.
7) Directory: If your business is selling B2B products, then Business Directory such as Yellow Pages, White Pages, Associations, Websites, Membership Directory are the most effective lead generation sources. Advertising or listing online directories gives many businesses multiple leads. Here you can find thousands of sales leads. Online directories help you create a list of sales leads, contacts, email lists, business mailing lists, cold calling, and more.
8) Press Release: Issuing a press release increases the traffic of your website and you get inbound sales. Customers can visit your website directly to promote their products / services if they include your company’s website when issuing press releases to promote their products and services.
9) Customer / Partner / Employee Referrals: Each customer, employee or your business partner has their own network of loyal colleagues and friends. The referral program can increase the sales potential by about 400% by communicating trust between trusted individuals in their network and your products / services. Such programs can create awareness among the customers / employees / partners.
10) Existing Customers: The best way to prove your professionalism in your business is to let your satisfied customers talk about your business / product. Try contacting them to thank them for purchasing your products / services and to share their experience feedback. If they are really satisfied, they will tell others they know about your product and encourage them to buy it. This is part of word-of-mouth publicity and is the most effective way of lead generation.
11) Data Prospecting: The basic purpose of data prospecting is to get new leads, qualify them, convert them into prospectus and then convert them into maximum number of customers. Data prospecting is an important part of the sales process, as it helps develop a pipeline of available potential customers.
12) References: References obtained from various sources can be a source of sales leads and this is the most common way to get sales leads. Once you get the reference name and complete the reference call, you can generate a sales lead. This is a very common and effective way to communicate with potential customers.
13) Exhibitions: Business Exhibitions are one of the most popular marketing tools and can help you generate quality sales leads. Entrepreneurs from around the world participate in business exhibitions to generate sales leads. This is an effective way to promote your brand.
14) Networking: Networking allows you to reach people you have never met and get sales leads while developing business relationships with them. Networking helps you get more sales leads.
15) Business Clubs / Associations: An organization related to your business; Business Club gets ROI by multiplying the membership fee. They can convert your customers by establishing good business relationships with other professionals from business clubs / associations.
16) Influencers: If your goal is to get sales leads through any media, you need to use the power of social media influencers. The potential for better leads and word of mouth publicity is greater if influencers or industry business relationships are established.
17) Guest Blogs / Content Campaign / Blog Commenting: By posting guest blogs, you can benefit the readers of other bloggers. To keep in touch with more people, posting your content on the blog sites of other bloggers with a large number of active readers or commenting on their blogs is an easy way to generate more traffic to your website which is used to generate more leads.
18) Social Media Optimization: 42% of the world’s people use some form of social media. This can be used effectively to generate leads. Social media optimization is an effective way to reach your audience and build online leads.
19) CRM: Customer Relationship Management (CRM) system is required so that you can keep track of customer information, connect with existing customers and manage new leads. When you get a new sales lead, CRM helps potential customers share targeted messages without disturbing established customers
20) Direct Engagement: Direct engagement means engaging with leads through direct marketing methods like email, phone calls, SMS. This allows businesses to promote their products / services directly to customers.
21) Social Media Advertising: Social media is the most effective way to advertise a business. This leads to promotion of your brand by targeting more and more customers. This is known to be the most effective way to lead generation.
22) Loyalty Programs: Loyalty programs are meant to retain customers by giving them reward points on their purchases. Customers get Rewards Points on their purchases so they show interest in buying their products again.
Do you need help: Do you want to Get New Clients for Portfolio Management Services Business? Do you need our help to build a new customer pipeline with more and more sales leads to increase sales in your ss and keep a steady flow of cash? We will definitely cooperate. Contact us for more information. Take it one step further.
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