The Importance of Lead Generation

The Importance of Lead Generation, updated 8/12/19, 9:25 PM

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In the world of marketing, there are few concepts more important than lead generation. But how can smaller companies get started? Read our latest blog post to learn why lead generation is so important and how it can lead to higher profits. 

Ready to start generating leads for your business? Learn how you can capture leads with edocr!

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The Importance of Lead Generation

In the world of marketing, there are few concepts more important than lead
generation. Regardless of the type of industry you're operating in, the
success of your business will depend not only on existing customers that
you manage to turn into repeat ones through high quality products and
services, but a steady stream of new people coming in the door. The
process of lead generation is not necessarily a simple one, though, and can
be broken down into a few core concepts that you need to understand
moving forward.

The Value of Lead Generation?

A lead is one thing. A qualified lead is something else entirely. One thing
that you
​don’t
​want to do is subject your sales team to hour after hour of
making cold calls, hoping to randomly come across those one or two
people who may actually be interested in what you have to say. Thankfully,
with the advent of digital marketing, lead generation is much easier now
than it has ever been.





In essence, the mutual relationship between a customer and a business
begins at the moment of lead generation. Capturing emails is one way to
get this process started. If you wrote an eBook with content relevant to your
target audience, for example, you might publicize the release of that eBook
and set up a form on a
​landing page
​ for people to use when looking for
more information. In exchange for downloading that free eBook, they can
provide their name, email address, telephone number and more—thus
providing you with the actionable information you need to then strengthen
the relationship with that customer over time.

Suddenly, you're no longer "stabbing in the dark," hoping to find someone
that might be worth going after. After capturing emails and performing other
data collection tasks, you have a real point of entry into someone who has
already showed an interest in what you have to offer, thus improving your
chances of taking that lead and converting it into a sale. This is the power
of lead generation at work.

Lead Generation: The Facts

According to a study that was conducted by the

​Hinge Research Institute
​,
companies that generated 60% or more of their leads on the Internet found
that they were overall two times as profitable as those companies that were
generating less than 20% of their overall leads online. In a way, capturing
emails and other information through lead generation and higher
conversion rates typically go hand-in-hand. The more successful you are at
one, the more successful you'll be at the other.




If it accomplishes nothing else, lead generation breaks down the door
between the customer and the company in a bold new way. Not only is it a
great way to increase the total number and quality of leads, it also helps
improve productivity because the leads are naturally a higher quality and
helps to align strategies between your sales and marketing teams at the
exact same time. These types of digital strategies are ones that you can't
afford to ignore.

Ready to start generating leads for your business? Learn how you can
capture leads with edocr
​!

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(This document is a googledoc, easily edited as needed (and has been like five
times already!) - see how to use googledocs, sheets & slides in edocr
​here
​.)