LinkedIn Introduces Lead Gen Forms: A New Ad Format to Collect Leads
Capturing form submissions can be quite a hassle for any type of business within the digital environment. Every time a step is added to the conversion funnel, there’s an inherent risk in having a number of users drop out and abandoning the entire process. Conversion rates are likely to suffer even more on mobile devices, especially if your website is not up to snuff or you require users to fill out more than a couple of fields. Luckily, it seems like the people behind major media buying platforms are quickly becoming cognizant of this issues and providing businesses with solutions to combat potential issues. Following in Facebook’s footsteps, LinkedIn has launched Lead Gen Forms, which will help advertisers collect user information directly within site via Sponsored Content campaigns.
Lead Gen Forms: how does LinkedIn’s new ad format work?
- Collecting accurate lead information within a couple of clicks. LinkedIn will pre-populate forms with all of the pertinent data from a user’s profile, which includes their contact information, job function, seniority, company size, industry, and more. This mitigates the risk of having users fill out forms with false or inaccurate information, giving you a better quality lead.
- Removing one of the barriers that might affect conversion rates. By eliminating an extra step in the conversion funnel, you are ensuring that users won’t encounter any potential issues on your landing page and/or bounce off the page after clicking through. As a result, shortening the conversion path can potentially be reflected in a lower cost-per-lead, which will improve the efficiency of your media spend. In fact, LinkedIn’s pilot proved to be highly successful, as 90% of the 50 advertisers surveyed reported a lower cost-per-lead than their original objectives, as well as a lower cost-per-lead than their traditional LinkedIn ad campaigns.
- Storing leads within LinkedIn’s Campaign Manager or your own CRM. Similar to Facebook’s setup with Lead Ads (you can read more about Facebook advertising here), LinkedIn has given advertisers the opportunity to either store leads within its site or integrate their own CRM to receive a copy of the leads automatically. At the moment, LinkedIn only offers the ability to sync leads with two official partners, Driftrock and Zapier. Down the line, integrating Lead Gen Forms will be available with Marketo Oracle Eloqua, and Microsoft Dynamics 365.
Advertisers have the ability to customize the message on the “thank you” page after a form is submitted, where they can direct users to visit the company website to learn more. Overall, this is a move in the right direction for LinkedIn. As we have covered in numerous posts on this blog, marketing on mobile devices has become a vital component in any strategy, especially when it comes to social media marketing. According to LinkedIn, an estimated 80% of engagement with Sponsored Content occurs on smartphones, which means offering advertising solutions dedicated to increasing conversions rates on mobile devices is essential.
When will Lead Gen Forms become available?
The initial rollout of this feature is currently available to all advertisers, but targeting is restricted to users that use the official LinkedIn mobile app. The company has stated that they will extend the ad format to both Sponsored Content campaigns on desktop devices and Sponsored InMail campaigns later this year. As LikedIn continues to diversify its ad offering (such as the Sponsored InMail campaigns), the more valuable it will become in the B2B environment…and a viable option for your media budget.
Originally published at www.rankmediaagency.com on April 5, 2017.