Please describe your proposed solution
Background:
In fund 8, Smart Hubs had two proposals that were funded to perform and test a decentralised lead generation model:
Cross-chain impact lead generation and Community lead generation
You can review the extensive work done with the process established and supporting presentations and documentation. The projects included 28 community members registered as lead generators, reaching over 40 leads and onboarding 10 companies to collaborate with the Cardano ecosystem.
This video includes an overview of the project as well as testimonials:
Overview of Decentralized Lead Generator
However, the process was manual, which created some bottlenecks and required human administrative steps that were not efficient for both the lead generators and the project team. While we piloted the model, we always considered how we could use Cardano technology to streamline the process and scale the service.
This proposal is a summary of the next step: take the processes of the Lead Generator program and back it with a Cardano-powered platform using credentials, smart contracts, and on-chain treasury.
Following to completion of Fund 8 projects, we have continued the work with the following activities:
- Clients/Partners promotions: presentations and feedback from companies working on the Cardano ecosystem (e.g., CF, Emurgo, NMKR, etc.).
- Presenting to the Cardano Ambassadors network as part of the lead generation trusted network
- Evaluation & Discussion for collaboration with Andamio
The opportunity:
"The Cardano ecosystem needs strong sales and business development activities and reach for investors and clients" was the common feedback from numerous companies in the Cardano ecosystem, including CF and Emurgo.
While most companies in the ecosystem are technology-driven, their success and growth depend on securing investment, clients, and partners. Companies normally need to dedicate significant resources to business development teams, marketing activities, and conferences.
Introducing a decentralised lead generation solution will support the company’s growth, go-to-market, and business success and mass adoption of cardano technology and the projects utilising it.
The Lead Generation solution:
The lead generation model aims to support companies in the Cardano ecosystem by creating a pipeline of leads for clients, partners, and investors. The leads will be generated by a trusted network of community members who are great connectors and networkers. Lead generators will be compensated for successful leads.
The project will include the following stages:
- Onboard lead generators - onboard 10 community members who have a strong network and like to connect people.
- To onboard the lead generators, we will create content on the Andamio platform, so lead generators can verify their skills and interests, and their credential will be registered on-chain
- Selection of key companies in the ecosystem that need business leads - the companies we will be working with for this proposal include (but are not limited to) Zengate, Socious, Andamio, and Nmkr
- Creation of dedicated content on Andamio for those companies to be able to match with relevant lead generators
- Establish a process of lead requirements definition and lead approval process
- Establish a treasury for successful lead generation
- Lead generators will reach out to leads and will get paid based on the success of arranging meetings with the companies
The lead gen will be built on the Andamio platform - the service includes:
- A content management system to upload lead generation and company information
- On-chain skill registration for lead gen that took the general course as well as when they learned about specific companies' needs
Providing leads to companies
For this project, we will work with leading Cardano dApps and provide business leads. Selected companies include Socious (socious.io), Zengate (Palmyra.app), Andamio (andamio.io), and NMKR (nmkr.io).
The companies
- Has the need to reach out to potential clients
- Each company will
- Provide details about the company's products
- The definition of business lead (type of company, position in the company)
- Set up the compensation per approved lead generated (i.e., ADA 300)
- Lead generators will suggest potential leads
- The companies will approve the lead
- The lead generator will schedule a call between the company and the lead
- Following the call, the company will approve the lead
- Through a smart contract, the lead generator will receive compensation of 300 ADA per lead generated*
* The company will also provide further incentives for the lead generators to continue following up with the lead until a potential partnership is reached. In this case, a success fee remuneration can be applied.
Future plans
The goal is to become a new way to generate leads/agreements while benefiting companies and community members. The scope of LeadGen Networks could go beyond the Cardano ecosystem as an offering to any company while the product is being built on Cardano becoming a successful dApp
Following this funding proposal and proving the model, we expect this solution to become self-sustained, where companies will pay for the service of generating successful leads.