INTRODUCTION:
With the evolution of the customer journey, Demand and Lead Generation have come to be used in a familiar cadence. While the two are interconnected and represent various phases of the marketing and sales process, they are certainly not the same. This post outlines some fundamental differences between the two processes and provides insights into how to create an integrated business growth strategy.
So, are you ready to understand the distinctions between Demand Generation and Lead Generation? Let’s venture into this realm of marketing strategies!
B2B Demand Generation is a top-notch sales funnel activity. It aims at reaching out to a wide range of audiences and garnering interest in your offerings. It involves strategic methods and modern techniques to build a well-coordinated system of awareness, interest, and engagement.
B2B Lead Generation is an essential advancement in the sales funnel journey that turns interested prospects into qualified leads. These leads are thereafter pushed to the sales team to build sustainable business relationships and generate revenue.
Reputed B2B Lead Generation companies like The Global Associates identify and interact proactively with prospects showing interest in your offerings. They adopt personalized, strategic approaches to increase prospects’ interest and convince them to get a one-on-one meeting.
Unraveling the two realms:
People often confuse demand generation and lead generation as two different names for the same process. However, they are two entirely different processes with different objectives. It is essential to have a clear understanding of the comparative strengths of demand generation and lead generation before forming your strategies. This will give you an insight into their contribution to the company’s revenue generation and business growth.
Two processes with different objectives:
B2B Demand generation works to increase awareness among people who have visited your website or product pages. On the other hand, B2B lead generation aims at turning the prospect’s interest into potential customers.
B2B Demand Generation is less transactional than the B2B lead generation process. It occupies the top position of the sales funnel. The demand generation team endeavors to bring people who show interest in your offerings. This interest is gauged by tracking the ones who have visited your website or social media profiles for specific products or services. Thereafter, the buck is passed to the lead generation team. It encourages your interested prospects to share their personal information and move ahead in the sales funnel.
Understanding the various phases of the Sales Cycle:
Demand Generation initiates the process of lead generation. It is placed at the initial phases of the sales cycle. Demand generation and lead generation are complementary processes and are certainly not at loggerheads.
Vital differences between Demand and Lead Generation:
1. Objectives
Demand Generation
Demand generation companies strive to build awareness about a company and the solutions they offer. Most people do not get motivated to explore the offerings in one go. They need continuous nurturing to make the right decision.
Lead Generation
The objective of lead generation is to convert this demand, as explained above, into a potential lead. It requires diligent research and astute identification of the prospect’s issues and aspirations. Modes of Engagement
2. Modes of engagement
Demand Generation
B2B demand generation strategically projects you as a revolutionary thought leader in your industry. The aim is to build trust with prospects and improve your brand value. This will naturally encourage the customers to engage more with you.
Lead Generation
B2B lead generation talks about value proposition, showing your competitive advantages over your competitors. In a way, the lead gen process is more transactional than demand generation.
3. Intended impact
Demand Generation
Demand gen aims to educate your target audience about the products or services you are offering. Several effective tools and strategies are employed to accomplish the purpose. This would include creating free resources,
Lead Generation
B2B lead generation companies in India use content to nurture promising leads. They work strategically to offer various incentives to encourage prospects to share their personal information.
Benefits of combining demand generation and lead generation:
In the present competitive business dynamics, it has become increasingly imperative to adopt modern marketing techniques that call for a more targeted approach. Bringing together demand generation and lead generation on one platform is the only way to achieve this. It is because demand generation paves the way for lead generation, thus achieving perfect marketing harmony. Therefore, one without the other is next to impossible to comprehend.
Quality is just as significant as quantity today. The buyer today will carefully evaluate the purchasing options available on the market. Having an effective B2B demand generation strategy is therefore mandatory to make lead generation effective and budget-friendly.
About The Global Associates (TGA):
The Global Associates offers expert and affordable B2B lead generation and B2B demand generation solutions. You can be assured of increased productivity for your sales team, and sustainable revenue generation working with us. Our teams of experienced sales and marketing professionals use a strategic 360º approach that relies on Account Based Marketing (ABM). The Global Associates arms you with the right strategy, technology, and operations to engage well with your target audience! We offer specialized services like automated Drip Emails, scalable and technologically advanced platforms for marketing automation, direct email marketing, hyper-personalized emails to maximize impact, LinkedIn outreach, and conversational marketing.
The Global Associates chooses the best B2B lead generation and B2B demand generation strategy depending on your industry and your offerings. You can improve your brand awareness and increase prospects’ interest, turning them into qualified leads. You may choose an individual method or a combination of the methods and build your sales funnel accordingly as per your needs and strategy.
