What is Demand Generation? The Essential Elements it Includes
The Essential Elements it Includes
Demand Generation = Demand Creation + Demand Capture and more. Not solely creation or capture.
Check out the Essential Elements of Demand Generation.
Starting off with the full overview of what Demand Generation is and breaking it down into smaller parts.
Let’s get started!
What is Demand Generation
Demand Generation encompasses
- Demand creation;
- Conversation generation;
- And demand capture.
To cultivate long-term relations with your audience by educating and supporting them with the ultimate goal being to drive conversations and revenue.
What is Demand Creation?
Demand Creation
is the process of driving awareness and affinity for your brand and category through educating and supporting your audience. This can be through content or conversation.
What is Demand Capture?
Demand Capture
is the process of getting prospects that are deemed in-marketing, those looking to get into a buying motion based on the demand created for your category or solution by your company, competitors, or analysts.
What is Conversation Generation?
Conversation generation
is an additional step to create conversations with your audience before they are ready to purchase. Educating and supporting your audience through 1-to-1 and 1-to-few moments that allow you to drive the narrative and create urgency.
What is Lead Generation?
Lead Generation
is an attempt to collect contact information at every stage of demand generation process. Then contacts are ‘lead scored’ based on arbitrary point systems resulting in prospects being sent to sales before they are ready. This leads to < 1% conversion rates(MQL to Opp) because you are attempting to push prospects, that don’t have a need, into a sales process.
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Author bio
I build businesses, brands and people by creating unique experiences that make a positive impact. I take prospects from thinking “what is this?” to saying “I need this!”
Brian Cohen is also the Co-Founder and CEO at StoryLab.ai. You can find more info about Brian on LinkedIn.
Resources
Originally published at https://storylab.ai on November 5, 2022.
