we talked about why it is not required to generate leads for B2C when the products are simple and low priced.
Consumers need not go through a long decision-making process to buy such products and most of the products are purchased on impulse.
There are cases where you will need to generate leads for B2C products, but we will look into it in future lessons.
Today let's discuss Lead Generation for B2B and Enterprise products.
Is lead generation required for it?
Absolutely yes.
Without generating leads for a B2B product or service it is very difficult to sell it.
The products are high priced and also complex in nature.
For example, if I have to sell my digital marketing services to a company, I have to generate leads.
The number of people who can be my potential customers is very low and I cannot do mass marketing or advertising for my services.
Do you think I would end up getting customers for my digital marketing agency if I put a billboard in a busy junction? It might help in brand awareness, but people are not just going to see an ad and buy a complex service with a 6-months contract.
When you are selling high-end services and products for B2B and Enterprise, lead generation is also easy.
You might be thinking that isn't lead generation difficult in such cases?
No.
Lead generation is easy - but the sales and conversion process is difficult.
To sell well, you need a brand, a personal brand, and a good offer combined with a strong sales pitch.
Let's look at an example from my own experience.
I sold a digital marketing funnel building service to a big publication. The publication was YourStory. I had a feeling that if they did digital marketing well, they would be able to scale up their revenues fast.
I wanted to get in touch with their CEO and I was able to do it. It took a lot of patience and persistence, but when I got in touch with her, I requested a meeting and I got it.
In the meeting, we pitched our services and we closed the deal along with some advanced sales and negotiation tactics.
Here, the lead generation was not difficult. We knew their contact details. But I was able to get a response from them because I had a personal brand for myself as a Digital Marketer and they have heard about me. I also did a very strong sales pitch and used my negotiation skills to close the sale.
Let's take another example of a company with products and services for high-end clients. Wipro serving HDFC Bank. If Wipro has to sell their software development services to HDFC, they will not be generating leads online nor will they advertise their services. They will get in contact with the right decision-makers.
Getting a response from the decision-makers and closing the deal is not easy, but the lead generation is not difficult. You just know who your target customers are and you get in touch with them. Your target customers will be very low in number.
So what I am trying to tell you here is that lead generation is NOT required via digital marketing if you are selling very simple B2C products (Lesson 2), or very high-end B2B and Enterprise products (this lesson).
Lead Generation is required when you are selling high priced complex B2C products or low priced B2B products. We will discuss this in the next lesson.
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