Karen Purves

Why have Lead Magnets?

Posted on 26 January 2010

Whenever the market is tough, getting a steady stream of prospects to become clients and referring to you is more complex. It takes more time and I always refer to this as kissing lots of frogs to find your prince!

But, in the world where time is at a premium, marketing smarter than harder is required.

Enter:  Lead Magnets

A lead magnet is material produced by you giving information that your market is currently searching for. It sits on a web page and people can download whenever it suits them. So you see, with a lead magnet your business is open all the time! Even when you’re asleep, out with your partner or having a much needed break!

There are three stages to attracting more prospects and are shown in the diagram below:

Lead Magnet Creation

The formats available are document (PDF), audio, video or a combination. Your choice depends upon your market and the sort of services you offer.  For example:

• A law firm would use text and audio than video unless it is showing people how to fill in a particular form
• A photographer may be better to have a document and video rather than audio
• A recruitment agency may have multiple magnets according to whether they are attracting candidates or clients. For clients, they may find audio better than text. While for candidates, it may be both audio and video. But, this really does depend upon the topics shared.

The one format that builds intimacy faster is audio for the simple reason that people can hear you, your passion, your commitment and that builds the like, know and trust faster.

On the other hand, reports and videos enable you to explain complex topics. The length of each depends upon your topic but keeping it short so people can consume and want more.

Publishing – Which Web page?

You can have your magnet on several pages:

• Homepage
• A special page showing more information. Something like a sales page
• Added to specific pages as a supplement to the content

The purpose is to expose everyone visiting that page to your content and magnet.

You ask people for their email address, and more if that’s appropriate for your market, in exchange for the material. Yes, they can immediately unsubscribe once they have your information, and accept that there are some people who take all that’s on offer.  But, they may come back later when it’s right for them!

It’s having their email address that enables you to foster a relationship. It enables you to send them your newsletter, invite them to seminars or forward items that supplement the magnet information. Lead Magnets are integral to marketing your service business.

So we have two activities completed – creation and publish. Now, let’s look at the third element – Promotion.

Promotion

Even though you’ve created the material you know is wanted by your market, you still have to tell them it exists. And, this needn’t be difficult; it can just be a change in the way you promote your services now.

Add details onto your business card, email signature and forums and groups etc. This gives you an opportunity to offer value without being service led; without having to be there to deliver. Now you are open all hours and your promotions are geared to people having the material rather than making the sale.

Be clear before you promote your magnet, even before you create, just what you want to achieve and how you plan to do it. Then, it will be easy to follow up with people, building your reputation and making many more sales along the way.

Why Lead Magnets

This post opened with the market being tough but it is also part of the changing marketing landscape where the buyers search for independent, value-centred information prior to buying. They are less likely to accept sales oriented material as acceptable.

Lead Magnets make the intangible tangible. People are able to experience your approach, your thinking before having to risk paying for a service that doesn’t deliver or delivers with high costs attached.

By having lead magnets, you offer a no risk way for people to learn more about your services, your approach while enhancing your position as an authority.

To find out more, register for the F R E E Lead Magnet Seminar on 10^th February 2010 at 7pm GMT 2pm EST