Case study · B2B SaaS · 2021

Demand generation in a new, competitive market

How qualified leads grew 9.35x (37 to 346 per month) in 90 days for a new B2B SaaS product launch.

9.35xLead growth
2023 MarCom Platinum Award — Best Search Engine Marketing

The problem

A new product, an empty funnel

Spectra-X Inc.* had released a new product. The priority was to gain momentum and fill the sales funnel with quality traffic and warm leads as soon as possible.

August 2021 — baseline

Conversions
Phone calls
inbound
Conversion rate
Cost per conversion

The strategy

Research first, then the right platforms

We brainstormed strategies for current client upsells and for new industries and segments with significant opportunity.

Right platforms, right campaigns

We chose the platforms and campaigns that reach the goal efficiently, applying our data, experience and research.

Custom audiences

Audiences were built from the insights captured on each platform.

Optimized landing pages

A purpose-built landing page for demo requests and inbound calls.

Search engine optimization

SEO work supported the paid campaigns.

The results

The highest quality and quantity of leads came from PPC

Campaigns were closely monitored, with changes based on:

  • Analysis of search term reports and KPIs
  • Adding negative keywords
  • Refining keywords
  • Testing content to focus on what resonates and converts
  • Continuous improvement of copy, creative, CTAs and assets

November 2021

Conversions
Phone calls
inbound
Conversion rate
Cost per conversion
7.1x
conversions
10.7x
inbound calls
8x
conversion rate
−78%
cost per conversion
Analyst reviewing campaign data on a laptop

Before and after

August vs November 2021

Leads / month — Aug37
Leads / month — Nov346
Cost per conversion — Aug$447
Cost per conversion — Nov$99

*Spectra-X Inc. replaces the client's name for privacy. Figures are accurate but adjusted +/- 3%. Results are specific to this client and period; they are not a guarantee of future performance.

The solution

Quality campaigns, creative thinking, decisions based on data

That combination improved lead volume roughly 9x within 3 months.

Solving a puzzle: strategy meets execution

The Apricot Agency — boutique B2B Google Ads and demand generation, Burlington, Ontario.