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Demand generation is often mistaken with lead generation though it is significantly different.
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7 B2B Demand Generation Strategies Demand generation is often confused with lead generation although it is very different. Let's clarify things here. Demand generation is a long-term activity to educate prospects and create needs about the product or service, while lead generation is mostly about getting contact information through various marketing activities. This makes lead generation part of any demand generation strategy, but not all of it. However, both processes are a crucial part of the buyer's journey and an equally important marketing effort. Additionally, demand generation is a marketing campaign that is all about educating your potential customer and convincing them of how your brand can help with the issues they are facing. The activity bridges the gap between marketing and sales teams. The demand generation marketing process encompasses everything from communicating with prospects, from brand awareness to the moment they become successful retained customers. In other words, the purpose of demand generation is not only to regularly generate demand for new customers, but also to nurture them so that they become a part of your sales cycle and opt more for your product or service. And to do this, every business needs a strategy with a demand generation activity. Without a good step-by-step plan, it is difficult to judge the buyer's personality and move it from point A to point B. If 2019 has not been a satisfactory year for generating demand, let's prepare. us for the year 2020 to make the most of it. . In this blog post, we've put together a list of 7 B2B demand generation strategies for 2020 that will surely add more qualified leads to your sales funnel. 1. Increase brand awareness The public is becoming mature day by day in terms of what they really need and from whom. They prefer a reliable solution to their problems. This is where your brand comes in. First of all, you need to work on making your brand recognizable, strong and quickly accessible. This will make your brand stand out from other competitors and you will get loyal customers. This can be done through different
digital marketing mediums like email marketing, social media marketing, paid media etc. What does your business provide to people? Why should people come to you for a solution? How is it different from others? Asking yourself lots of questions like this will help you build a brand with a strong message. Having a strong brand presence saves time in convincing customers and stands out differently from your competition. This saves a lot of time and money on multiple marketing programs. This makes your demand generation program much easier to set up and reach the right potential customer. 2. Create a free tool If you know what your customers' problem is, and if you are a technical company, you can create a free tool that can be used to solve this particular problem. Using this marketing automation platform will get people to visit your website which will ultimately lead to traffic and increase demand for your product thus increasing the conversion rate. A free tool that makes your sales and marketing team's job easier or something that helps with decision-making will always be appreciated by the audience and come to your website for future use. This demand generation process will bring you more inbound leads than you expect. 3. Send free reports Providing free reports to your clients is another great way to connect with them. If you have created a tool or software, custom report generation is a great idea for demand generation. This inbound marketing activity will make people curious as to how they behave and what are the key points they can focus on to increase their profits exponentially. People who have a genuine interest in the business will move on to download the report and these high quality leads have a good chance of being converted into customers. The revenue generated by these leads is comparatively higher than the leads generated by other demand generation tactics.
4. Identify the different buyers and the segmentation strategy As a B2B marketer, to plan a good demand generation strategy, you need to understand who your target audience is? How to interact with different buyers? Who are the ideal customers and who will become loyal customers for longer? Do you understand everyone's needs and give them what they want? Do you regularly run outreach activities to keep them engaged? Finding solutions to these issues will also help you build a solid lead generation strategy. Finding answers to these questions will help you divide your database of contacts based on buyer behaviors and you will be able to connect with each group with a different approach. 5. Host industry webinars If you are a marketer, hosting webinars is one of the ways to build buzz and ask for marketing for your product or service. Of course, hosting webinars with industry experts isn't that easy but again not too hard not to even try. As a B2B business, you need to connect with subject matter experts and nurture strong relationships with them, so you can keep asking for webinars. While giving webinars, it is advisable to give tips, strategies and suggestions that will be useful to your target audience. When is the best time to host a webinar? What tools are used for registration? When should webinar promotion emails be sent? These are the questions webinar organizers often need to answer. Deck 7 researched and collected data from over 5,619 webinar campaigns conducted for various industries and produced a detailed report on webinar comparisons. It answers your most common and critical webinar questions and provides tips for organizing and promoting webinars, as well as strategies for getting the number of attendees you want for your webinar. 6. Update the website with amazing blogs Writing and blogging continuously on your website is good for both readers and your marketing automation plans. If the question is how to drive traffic to your
website, you need to find amazing demand generation content related to your business product and give your readers some value. If you are struggling to get a feel for the issues or challenges your customers are facing, you can easily reach out to your sales team who can ask you potential questions to write blogs with answers to those questions that fit the points perfectly. . that you are targeting in your marketing strategy. This content marketing strategy is a great way to create and syndicate great content. 7. Better use of social media The increasing use of the internet has given rise to the importance of social media. Sites like Facebook, Twitter, Instagram are no longer just for entertainment. They provide a great inbound marketing opportunity for businesses to maintain good relationships with customers. You can interact with your followers on social media with what you offer and this will automatically generate demand for your offer. With proper social media strategy planning, you can always figure out what type of content can work for you. The next step you take afterward is to interact with your customers by responding to their messages. It will also help you separate the people who are just looking at your ads or posts and those who are actually more interested. And finally, with the best use of this inbound marketing activity, you can constantly remind your users what offers and how you can best offer a service to solve their problems. To take away Creating demand is a never-ending process for businesses. Depending on the results you get for your demand generation campaign, the necessary actions should be taken and monitored. Some of the basic or generalized things that you can include in any demand generation strategy for your business are:
1) Educate people about the need for the product 2) Increase brand awareness 3) Show the benefits of choosing your brand With these points in mind, you can proceed to develop a strategic demand generation plan to attract more customers to your door in 2020.