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In [[marketing]], '''lead generation''' is the generation of consumer interest or inquiry into products or services of a business. Leads can be generated for purposes such as list building, e-newsletter list acquisition or for [[sales lead]]s. The methods for generating leads typically fall under the umbrella of advertising, but may also include non-paid sources such as [[organic search|organic search engine results]] or referrals from existing customers. Businesses strive to generate "quality" leads.<ref>{{cite web|last=Kaw|first=Prashant|title=4 Ways to Generate Higher Quality, Sales-Ready Leads|url=http://blog.hubspot.com/blog/tabid/6307/bid/5863/4-Ways-to-Generate-Higher-Quality-Sales-Ready-Leads.aspx|publisher=[[HubSpot]]}}</ref> Quality is usually determined by the propensity of the inquirer to take the next action towards a purchase.
In [[marketing]], '''lead generation''' is the generation of consumer interest or inquiry into products or services of a business. Leads can be generated for purposes such as list building, e-newsletter list acquisition or for [[sales lead]]s. The methods for generating leads typically fall under the umbrella of advertising, but may also include non-paid sources such as [[organic search|organic search engine results]] or referrals from existing customers.<ref>{{cite news | title=How lead generation services can help your business | work=http://www.australiantimes.co.uk/jobs-money/australia-uk-business-news/how-lead-generation-services-can-help-your-business.htm | date=23 February, 2014 | accessdate=3 March 2014 | author=Shanaka Thanapathy}}</ref> Businesses strive to generate "quality" leads.<ref>{{cite web|last=Kaw|first=Prashant|title=4 Ways to Generate Higher Quality, Sales-Ready Leads|url=http://blog.hubspot.com/blog/tabid/6307/bid/5863/4-Ways-to-Generate-Higher-Quality-Sales-Ready-Leads.aspx|publisher=[[HubSpot]]}}</ref> Quality is usually determined by the propensity of the inquirer to take the next action towards a purchase.


== Service industries ==
== Service industries ==
Lead generation is the process of creating sales leads which might convert into sale for the company. The leads may come from various sources or activities, for example, digitally via the [[Internet]], through calls, through [[advertisement]] and list purchase. Companies may also rely on referrals, [[telemarketer]]s, and [[advertisement]]s to generate leads.
Lead generation is the process of creating sales leads which might convert into sale for the company. The leads may come from various sources or activities, for example, digitally via the [[Internet]], through calls, through [[advertisement]] and list purchase.<ref>{{cite web | url=http://www.workwithclintbutler.com/lead-generation-system | title=Using A Lead Generation System To Grow Your Business | accessdate=3 March 2014}}</ref> Companies may also rely on referrals, [[telemarketer]]s, and [[advertisement]]s to generate leads.
Lead Generation is a very popular practice of generating leads in the [[Business to Business]] type of sales. Lead Generation, unlike [[Demand Generation]], is more about actual opportunities (Leads) than creating awareness or demand.
Lead Generation is a very popular practice of generating leads in the [[Business to Business]] type of sales. Lead Generation, unlike [[Demand Generation]], is more about actual opportunities (Leads) than creating awareness or demand.



Revision as of 04:42, 3 March 2014

In marketing, lead generation is the generation of consumer interest or inquiry into products or services of a business. Leads can be generated for purposes such as list building, e-newsletter list acquisition or for sales leads. The methods for generating leads typically fall under the umbrella of advertising, but may also include non-paid sources such as organic search engine results or referrals from existing customers.[1] Businesses strive to generate "quality" leads.[2] Quality is usually determined by the propensity of the inquirer to take the next action towards a purchase.

Service industries

Lead generation is the process of creating sales leads which might convert into sale for the company. The leads may come from various sources or activities, for example, digitally via the Internet, through calls, through advertisement and list purchase.[3] Companies may also rely on referrals, telemarketers, and advertisements to generate leads. Lead Generation is a very popular practice of generating leads in the Business to Business type of sales. Lead Generation, unlike Demand Generation, is more about actual opportunities (Leads) than creating awareness or demand.

Some use a phony local address to fool the search algorithm, as is liberal posting of the lead generator's. Similar practices are used in Yellow Pages ads as well.[4]

Lead generation organizations

See also

References

  1. ^ Shanaka Thanapathy (23 February, 2014). "How lead generation services can help your business". http://www.australiantimes.co.uk/jobs-money/australia-uk-business-news/how-lead-generation-services-can-help-your-business.htm. {{cite news}}: |access-date= requires |url= (help); Check date values in: |date= (help); External link in |work= (help)
  2. ^ Kaw, Prashant. "4 Ways to Generate Higher Quality, Sales-Ready Leads". HubSpot.
  3. ^ "Using A Lead Generation System To Grow Your Business". Retrieved 3 March 2014.
  4. ^ David Segal (July 9, 2011). "Picking the Lock of Google's Search". The New York Times. Retrieved July 10, 2011. .. They are phone banks, typically set up in far-off places, often in other countries. Call them and they'll dispatch a locksmith.

Further reading

  • The B2B Refinery by J. David Green & Michael C. Saylor (ISBN 0976864703)
  • Lead Generation for the Complex Sale by Brian J. Carroll (ISBN 0-07-145897-2)
  • Marketing Management by Philip Kotler (ISBN 0-13-033629-7)
  • Marketing for Dummies (ISBPN 5-7645-562-0)