Any prospective buyer who is interested in your products or services can be called a lead.

What is lead management?

Leads are valuable for a business, big or small. For a growing business, it is imperative to convert leads into loyal customers. To do it right and faster, you need to have complete visibility into all your leads. That's exactly what lead management does. It helps you capture leads, track their touchpoints with your business, prioritize them, and engage with them contextually.

Lead Management CRM Software for Business

What are the benefits of efficient lead management?

Every lead is a prospective customer for a business, and managing these leads well is crucial for scaling your revenue and profitability.

Efficient lead management helps you get the maximum value out of every incoming lead and boosts the speed of your sales cycle. It ensures that you do not miss out on any potential sales, which is especially necessary for growing businesses. SMBs can benefit the most from lead management as it allows them to:

Tap into every potential sales opportunity
Understand the pain points and requirements better of their leads better
Cater their offerings to align with these requirements, and increase the chance of making a sale
Identify the top sources through which leads are generated
Have a more targeted approach towards marketing

Why do small businesses need robust lead management software?

Lead management is the primary step towards acquiring sales. It is a complex process due to the large number of leads involved, and the numerous aspects that need to be tracked for every incoming need. Human errors are bound to occur if this entire process has to be manually performed, and these errors can reduce its effectiveness. Small businesses hence need robust software in place.

Lead management software can automatically capture leads coming in from various sources and add them to the top of your sales funnel. It can track the journey of all leads, and help you identify the stages at which your leads convert to sales. Lead management software helps you create a centralized database with all your lead information, which can be leveraged for data-driven insights on the pain points, requirements, budget etc. of your leads.

What are the features of lead management software?

Some of the most important features present in lead management software are:

Lead Capturing, so that you get every important information on a prospective client.
Lead Scoring to identify the hot leads and direct more resources towards them.
Lead Segmentation, through which you can group leads based on campaign source, requirement, location, etc.
Auto-routing of Leads, so that the right leads are assigned to the right salesperson
Features like email nurturing, automated communication etc., so you can set up timely and relevant communications with your leads
Data Analytics, through which data-driven and informed business decisions can be made

How are leads managed in Kylas?

The Lead Management process in Kylas starts right when a lead places an inquiry your product and services. Kylas auto-captures every inquiry coming from different sources directly into its database. You can then efficiently filter these leads on the basis of campaign source, requirement, locations etc. These filtrations will help you segment your customers, understand their requirements on a deeper level, and thereby provide a personalized experience. Kylas also ensures that your teams are working in the right direction by identifying duplicate leads in your system, which would otherwise clutter your sales funnel.

The incoming leads can be automatically routed to right sales team members- based on products, locations and campaign source- to eliminate any kind of delays. You can map every lead’s progress on customizable pipelines and gain deeper insights into their interaction with your brand.

What is the difference between a lead and a deal?

Any client who expresses interest in your products or services is a lead. Such clients have not had any communication with your business previously. They are pre-qualified, so there is no guarantee that their requirements match your offerings.

Deals on the other hand are qualified contacts who have very high chances of buying from your business. They usually need immediate attention and can add monetary value to your business. Not only this but ongoing transactions you are pursuing with a person or organization can also be tracked as a deal.

What is the difference between a lead and a contact?

A lead refers to any inquiry or request that comes to a business. So, basically any lead that expresses interest in your products or services can be referred to as a lead. There has been no communication established yet with such enquiries and there is no guarantee that their demands are aligned with the products you are offering.

Contacts, on the other hand, are leads that have been qualified as a potential customer. Unlike, leads, contacts can have purchase history with your business. You can have multiple contacts from one organization, and you can nurture these contacts simultaneously in Kylas.

What is the difference between lead management and pipeline management?

Lead management focuses on capturing, tracking, and nurturing potential customers from initial interest to qualification. Pipeline management, on the other hand, deals with tracking the progress of qualified leads (or deals) through various sales stages until they are closed or won. Both processes are essential for a successful sales strategy.

Is lead management part of CRM?

Yes, lead management is an integral part of CRM systems. It helps businesses capture, organise, and engage leads, ensuring a seamless process from initial contact to conversion, all within a centralised platform.

Why is lead management important?

Lead management is vital for identifying high-potential leads, nurturing them effectively, and converting them into customers. It improves sales team efficiency, enhances customer engagement, and increases conversion rates, ultimately driving business growth.

Features

For Sales Manager:

For Sales Reps:

Industry

Resources

LEAD MANAGEMENT SOFTWARE

Convert Leads Into
Loyal Customers With Kylas

Organize Leads &
Prioritize Opportunities

Includes

Lead Management in Kylas

Assign Leads
Automatically

Nurture Leads

Convert Leads

Convert Leads to Deals

Convert Leads to Contacts

Conversion Mapping

Benefits of Lead Management CRM

Using lead management software offers numerous benefits, including:

Sales Lead Management Made Easy With Kylas

Lead Management Software FAQs