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Lead Magnets for Your Business
by Rahimah Sultan
Advertising Disclosure: Marketing Success Review may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. There is no expense to you.
What is a lead magnet?
“Subscribe to our newsletter” no longer works as a list-building approach. Consumers are so weary of increasing the amount of email they receive.
No one wants an inbox full of spam or irrelevant offers.
A lead magnet requires your site visitors to give you information, such as an email address for access. It can be some content such as a whitepaper, ebook, or a newsletter.
This content drives awareness and also gives information that helps a prospective customer engage and take an interest in your product or service. This might be a free product sample, demo, trial subscription, or some product/service-related incentive.
Now, no one easily gives up their email. Your lead magnet should offer the reader value in exchange for opting in to receive messages from you in the future.
Your lead magnet is used to build a list of prospective customers.
What’s contained in good lead magnets?
The highest-converting and best lead magnets have certain things in common:
They’re relevant
Your offer must resonate with your intended audience.
Your objective is high quality leads not a high volume of low-quality ones. You don’t want to waste time following up low-quality leads.
Make sure your lead magnet serves a useful purpose with your segmented/targeted audience.
They have perceived value
The best lead magnets offer insider knowledge, a quicker way of doing something, expert insight, or an innovative and unique solution to a problem.
If it can be Googled, you’re not going to get a sign up.
They serve your business purposes
Keep the promise you made when you asked people for their email. Use your lead magnet to offer only what you can actually deliver.
The best lead magnets don’t offer to solve an entire problem, but enough of it that the person recognizes that you are the authority (or your product is the answer) and can take them the rest of the way.
Your lead magnet can include:
1) Cheat sheets
2) Checklists
3) Swipe files
4) Buyer’s guides or ebooks
5) Email courses
6) A recording of a talk you gave
7) Step-by-step blueprints
8) A whitepaper, a report or guide that informs readers concisely about a complex issue. It helps your readers understand a complex issue and the steps they need to take to resolve it. Whitepapers are useful in B2B marketing, where clients often have a longer sales cycle and need a lot more information to make a purchasing decision.
9) Webinars
10) Editable templates for simplifying tasks.
11) Product samples or trials
12) Training videos
13) Quizzes, surveys, and polls
This list is not all-inclusive. There are more to be used, as well as any that you can imagine.
Your lead magnet is the first step in building a relationship of know, like, and trust with prospective customers, and in building your list.
The best lead magnets benefit both you and your customers. Your goal is not to trick or force a prospect to give up their email.
For a win-win situation, find an offer and format that helps your business goals and the needs of your target customers.
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