In light of the economy, more and more marketers are concerned with late-stage leads. These are the leads that are almost ready-to-buy and are far more likely to provide an immediate ROI. While marketers know that leads in other stages may become useful down the line, they often don’t know what to do with those leads in the meantime and count them as “bad leads.” What many of them don’t realize is that it is critical to nurture those leads now, so they add to the ROI of a program down the road.

While many marketers won’t discount these leads entirely, they will stop messaging them on the theory that they are too early on in the sales cycle and should be contacted again later on. This is a huge mistake. By the time these leads are contacted again they may have already decided on another vendor.

Alternatively, other marketers may continue to pressure a lead who is not yet ready to buy. This can result in frustration by a lead who is still in the awareness or consideration phase of the buying cycle and may discount this vendor when it comes to making a short-list.

The key is to consistently message these leads with relevant content in order to move them along the buying cycle. The exact method of re-messaging will vary from company to company and from lead to lead, so it’s extremely important for marketers to take their company’s buying cycle into account, along with different ways of re-messaging to different types of leads. This means getting rid of the one-size-fits-all emails being sent each month to all potential leads.

Nurturing a lead may happen in many different ways - it may involve phone calls, emails, printed mail, or invitations to events. The key is to figure out the process that makes sense for your product/solution and to make sure that leads are being targeted not just consistently, but correctly. Ideally, the communications should feel like resources and help leads as they move through the process.

At times this process may be frustrating, and there will always be leads that are never converted, but it’s important as a marketer to never lose a sale because you gave up halfway through the battle.