Demand Generation vs. Lead Generation – What Should You Prioritize?
When crafting a successful marketing strategy, one of the most important decisions is whether to prioritize demand generation or lead generation . Both methods contribute to business growth, but the timing and application of each can vary based on your objectives. What is Demand Generation? Demand generation focuses on creating awareness and interest around your products or services, typically aimed at a broader audience. The goal is to engage potential customers early in their journey. This involves strategies like content marketing, social media engagement, and thought leadership initiatives. What is Lead Generation? Lead generation , on the other hand, narrows its focus to individuals who have already shown some level of interest. The aim is to convert this interest into tangible prospects by collecting contact details for follow-up. Key techniques here include gated content, webinars, and email campaigns. When to Prioritize Demand Generation: Launching New Products : Demand g...