10 Ways AI Is Going to Rule Lead Generation in 2023
More Leads = More Sales
As the saying goes, an ocean is made of every drop.
A business is made of qualified leads, so it makes sense that any company would want to be swimming in a pool of them.
How do you obtain these leads by using a method called Lead Generation?
What exactly is Lead Generation, though?
I’m here to explain it to you because it’s the first and most important step in getting a customer.
Therefore, get ready for the arrival of lead-generation strategies powered by AI.
Generate New Leads? What is that?
Before we get into the tactics you can use to expand your business, let me define a few terms.
You can imagine a lead as someone who:
- shown a desire for your goods and services
- contacted you with their information, participated in a webinar you hosted,
- a free guide was downloaded and subscribed to your newsletter.
As a result of visiting your company’s website and permitting you to contact them, this person is now inside your sales funnel (usually via email, but occasionally by phone).
Lead generation is the process of drawing potential customers into your sales funnel. Anything that gets someone to consent to you contacting them or remarketing to them is a lead generation strategy.
Lead generation is more than just talking to potential customers and pitching your product it’s also about figuring out what features of your offering will best meet their needs.
Now Let’s talk about the lead generation strategies you can use to generate quality leads for your sales funnel.
Artificial intelligence is already making a big impact in the sales, marketing, and customer service industries. Some pundits predict that by 2023 AI will be the driving force behind all three of these disciplines.
Here are 10 ways artificial intelligence (AI) is going to impact lead generation in 2023:
1. Virtual Customer Assistants (VCA)
The first area where AI will have a big impact on lead generation is through Virtual Customer Assistants (VCAs). A VCA is a computer program that simulates human behavior so you can interact with it naturally. For example, if you want to schedule an appointment or get help on your website, the VCA can see your request and assist you in meeting your objectives.
VCAs can also be used to automate tasks like sending emails or calling leads when they enter specific criteria. This allows marketers to focus on higher-value activities rather than spending all their time on routine tasks that don’t require much thought or creativity.
2. Cross-Platform Integration and Productivity Tools
Developers can use cross-platform software development tools to construct applications for different platforms from a single codebase. This means they can avoid doing the same thing twice, enhancing efficiency and production.
Software must work on more than one computer architecture or operating system to be deemed cross-platform. Because different operating systems have different application programming interfaces, developing such software can be time-consuming. Linux, for example, has a different API than
React Native aids in the development of apps for a variety of platforms, including iOS, Android, and the web. It is an open-source technology that uses the same code base.
3. Interactive, contextual and automated conversations
Interactive, contextual, and automated conversations are the future. They are a lot easier to build than you think, and they can be used for so many different things!
It’s easy to see how conversational interfaces can change the way we interact with our devices. Many companies are already building systems that allow users to ask questions in natural language, get answers from a machine, and then perform actions based on those answers. For example, you could ask the weather bot what the temperature is outside or ask for directions to your office. You could even use it to check your schedule or order food!
But there are so many other things that you can do with conversational interfaces! These systems have enormous potential for developers because they allow users to interact with machines in ways that feel natural and intuitive and feel better all the time!
- AI will be able to understand the context and respond appropriately.
- AI will be able to handle multiple requests at once.
- AI will be able to handle complex conversations.
- AI will be able to handle complex requests.
- AI will be capable to handle complex tasks that require a lot of knowledge or expertise, like medical advice, legal help, and even financial advice (but don’t worry! You’ll still have plenty of time for these tasks).
4. AI-powered Content Creation and Distribution
The next frontier of AI-driven lead generation is content creation and distribution.
By providing insights into what your customers desire to read, AI helps the creative process. It also helps you disseminate your information at scale, ensuring that it reaches as many people as possible and that they engage with it.
One recent study found that 88 percent of companies were using AI in some capacity for content creation and distribution.
5. Effective Qualification with Machine Learning Algorithms
You can use machine learning algorithms to filter out the leads that are likely to be unqualified. How? You’re probably aware of some common lead qualification questions, like: “What is your annual revenue?” or “How many employees do you have?”
These are important factors for a sales rep to consider before reaching out and setting up a meeting with a prospect — but how do you know if the answer provided by each lead is accurate?
Machine learning algorithms can help you detect these inconsistencies and filter out leads who give inaccurate answers. The result, in this case, is an increase in qualified leads at no extra cost.
6. AI-Automated, Data-Driven Sales Process
It’s no secret that the customer journey has changed drastically in recent years and will continue to change as we move into the future. What was once a simple process of buying a product or service (first contact) has become more complex as consumers expect more from brands than just a good product at an affordable price. They want to understand how they can use it, how it fits into their lives, and what it means for them.
All this means you need to adopt a smarter approach if you want your brand to stand out from the competition, gain market share and increase revenue.
This is where AI comes in its ability to understand prospects better than anyone else allows us to create personalized experiences for each prospect based on their needs and context at any given stage of the pipeline — from prospecting through closing sales deals with happy customers who love our brand!
7. Personalized Customer Experience at Scale
The personalized customer experience at scale. Everyone wants a personalized customer experience, but most businesses don’t have the resources to deliver it.
AI can help you provide this personalized attention at scale by using algorithms that generate content and interactions based on what it has learned about your customer’s preferences and behaviors.
It’s important to note that the technology may not be able to automate every aspect of this process yet. You’ll still need human employees whose jobs will remain largely unchanged to oversee the software system and make sure everything is running smoothly.
The difference between 2020 and now is that these human roles will have much more time to focus on actually interacting with customers, rather than performing tedious tasks like generating leads or updating CRM databases.
8. Cross-Platform Integration and Productivity Tools
AI will be integrated into CRM, marketing automation, and other tools.
This integration will enable companies to take advantage of the power of AI. For example, AI can be used to automate tasks and improve productivity by reducing the time it takes to enter data into a tool or schedule a meeting from hours down to minutes.
This integration is especially important for sales teams that need access to multiple platforms to manage their workflow more efficiently.
9. AI-Based Predictive Analytics and Scoring Systems
One of the most crucial roles that AI can play in lead creation is in predicting client behavior.
In the case of an e-commerce site, this involves forecasting which things a consumer will buy and when they will buy them based on their browsing history and previous transactions.
You already know what your customers like by observing their behavior patterns on your website. Still, AI prediction software allows you to go even further: you can identify which customers are likely to respond positively or negatively to specific offers or promotions, allowing you to target them directly with personalized messages.
This predictive analysis can be used in a wide range of industries, including those other than retail marketing. For example, if you’re working with an insurance company that wants to know how much money they’ll have coming in overtime because one of their clients has recently gone through some serious medical issues (which may result in higher premiums), AI can help predict how many more claims might come through later down the line due to similar circumstances happening elsewhere across all clients’ accounts combined under one policy umbrella — meaning that companies don’t have to re-evaluate their policies.
10. Automated Opportunities in Account-Based Marketing Strategy
Account-based marketing (ABM) is a way to reach target audiences with a personalized message and AI can help. AI can help with the automation process, by identifying target audiences based on a company’s data and matching them to qualified stakeholders in an organization.
It can be used for data analysis to discover which firms or individuals are most interested in what you have to offer and then customize your message accordingly, increasing the likelihood that the person receiving your ABM campaign will take the desired action.