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LEAD GENERATION - ON THE CHEAP!

Lead generation - on the cheap!

Wednesday, November 25, 2009
By Simon Probert

As a start-up business here in Australia we are obviously very concerned not only with getting leads, but also the inevitable bottom line; bluntly, we don't have masses of money to invest in lead gen programs and the buying in of lists, so here is the solution.

I recently attended one of Brenda Thomson's excellent Networking World events and the subject came up at the round table. A few of the patrons felt that buying in lists was an expensive waste of time as they were often outdated and inaccurate, so with this in mind I set about trying to find a low cost means of obtaining an initial list so that I can get my telemarketers to start hitting the phones. For us it's pretty simple - we're looking for any type of business that has between 3 and 15 staff, possibly multiple locations who are predominantly desktop computer workers, that profile is perfect for us as they would see immediate benefits in using our service, obviously this post is not about our services so I digress.

The answer came most unexpectedly. My mother, who is currently visiting us from the UK. As a retired librarian my mother firmly believes that you can find anything you ever needed to know in a book or library if you know where to look. Now this may seem obvious to most people but my late twentieth century, information addled brain obviously doesn't think like that. I've been socially programmed ( or conditioned ) to assume that any information I can possibly want is available on the internet - which is true - but at what cost? After a little bit of searching online she determined that the State Library of Victoria had exactly what I needed, access to a database that has business profiles.

After a trip into town to obtain a Library card (when was the last time I had one of those? or even set foot in a library??) I was all set to go. Obviously this only applies to Victorian residents, but I'm fairly sure that similar services are available in other states. My newly acquired Library card has opened up a whole new world of opportunity - access to their "Kompass Australia" database means I can accurately profile and target businesses drawing up a list for my telemarketers to approach, fantastic! The best bit is that the service is completely free!!

Now this may seem obvious or be well known amongst Australian business owners, but for me having only been in the country for about a year, it was like a little ray of light in what was beginning to evolve into a rather complex, expensive and irritating process - so I thought I would share this titbit with other readers. This is a sort of follow up post to my post " Getting your vital statistics… for free!" which is another handy free thing you can get courtesy of the government.

Enjoy

SP

UPDATE!

IMPORTANT NOTE

A few days after writing this post I checked the conditions of use for the Kompass Australia database and it very clearly states:

  • Use of databases must be for private research and study purposes only - no use is allowed for business, commercial or work-related purposes.

So, when something seems to be too good to be true - chances are... Nevertheless, this is still a very useful resource for profiling businesses - I just won't be using it to form the basis of my list, after all I'm not here to break the conditions of use of the State Library!

 


 

 

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COMMENTS

3 comment(s) for “Lead generation - on the cheap!”

Gravatar of Tim Kastelle Tim Kastelle Says:
That's a great story Simon. I think it's easy to lose sight of simpler solutions to problems.
Gravatar of Margaret Manson Margaret Manson Says:
Good story Simon. Simple solution. The only thing to consider by a keen business owner is the cost/benefit of their time. If it stacks up, the next thing to do well is: the creative, selling propositon and timing.
Gravatar of Simon Probert Simon Probert Says:
Thanks! In fact my post was slightly innacurate because of course you can access Kompass from the internet - you just need to go to the Library to get a membership card to get your login details.

In terms of the cost/benefit I see it makes no difference if the list is bought in or, if you get it in the way I suggest because the actual legwork and qualification which would be mainly done by the telemarketer is the same; once qualified the lead gets handed to the salesman (typically me as we are a start-up after all) for the creative, selling proposition and timing bit. I will post a follow up with my experiences of this approach :)
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