Revisiting 2023's Best: RV 52 - Pivoting Strategy: From Lead to Demand Generation | Recruitee Inspiration Session
Jan 5, 2024
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Chris, an expert in switching from a Lead Gen to Demand Gen Strategy, discusses various topics including improving demand gen strategy through SEO skills and measurement, fitting product launches into demand gen execution, managing short term versus long term goals, finding balance between lead gen and demand gen, and effective content creation with a two person team.
Shifting from lead generation to demand generation can result in shorter sales cycles, higher win rates, and improved sales productivity.
Teams should measure the impact of marketing programs on revenue through conversion rates, customer acquisition costs, and pipeline velocity.
Instead of removing gated content entirely when transitioning to demand generation, companies should analyze its effectiveness and consider a phased approach with new freely accessible content.
Deep dives
Importance of Shifting from Lead to Demand Gen Strategy
The podcast episode discusses the importance of shifting from a lead generation strategy to a demand generation strategy. The speaker shares their experience of working in B2B companies and seeing the inefficiencies of relying heavily on outbound sales. They emphasize the need to focus on digital demand generation to connect with customers who are ready to buy. By adopting a demand gen approach, companies can achieve shorter sales cycles, higher win rates, and improved sales productivity. The speaker also highlights the common challenge of overinvestment in the sales team at the expense of marketing, leading to lower sales productivity and unsustainable cost of acquisition.
Measuring Success and Metrics in a Demand Gen Strategy
The podcast explores how marketing teams should approach measuring success and choosing metrics in a demand generation strategy. The speaker suggests analyzing the current state of marketing programs and their impact on revenue. By measuring conversion rates, customer acquisition costs, pipeline velocity, and other indicators for each lead generation channel, teams can identify what is working and what is not. They also discuss the importance of self-reported attribution in understanding the effectiveness of different channels. The conversation highlights the need for customized approaches and metrics based on individual programs and their specific impact on capturing demand and driving revenue.
Balancing Gated Content and Demand Gen Approach
The podcast episode addresses the question of whether to remove gated content entirely when transitioning to a demand generation strategy. The speaker suggests analyzing business data and making informed decisions based on the effectiveness of different gated content pieces. They caution against blindly removing gated content, especially if it has shown alignment with revenue outcomes. Instead, they recommend considering a phased approach, where new content is made freely accessible while assessing the impact of existing gated content. Repurposing existing content and experimenting with different distribution channels can also help balance the demand gen approach with the need for lead tracking and measurement.
Recurring Content Pillars for Product Launches
To effectively launch a product, it is important to have recurring content pillars that are not solely focused on the product itself. This can include weekly live events, podcasts, and repurposed LinkedIn content. By integrating product launches into these regular content themes, such as announcing a free trial during a live event, companies can maintain a consistent promotional strategy that engages their audience.
Building a Long-Term Demand Generation Structure
Balancing short-term goals with long-term strategies in demand generation requires a focus on content creation and distribution. Creating a set of content assets, such as a hype video, blog, customer testimonial, and product page, enables a sequential and methodical approach to product launches. These assets can then be strategically distributed through proven channels, including email lists, organic social media, retargeting ads, and more. By aligning content creation with targeted distribution, companies can drive demand and effectively reach their target audience.
Chris was asked to speak to the team at Recruitee for their Inspiration Session led by Anne Smink. They covered a wide range of insights on the process of switching from a Lead Gen to Demand Gen Strategy, including:
SEO: What skills does a team need to level up or focus on to improve demand gen strategy, and how to measure SEO impact
Product Launch: how to fit launching a product into Demand Gen Execution
Managing Expectations: Short term versus long term goals and results
Finding Balance: if a team that tracks leads should forget lead gen altogether in favor of demand gen, or create a balance of tracking and maintaining some gated content
Content Creation: how to utilize a two person team to effectively create and repurpose content
If you have questions for Chris, join the Revenue Vitals Live conversation on zoom by registering here, or submit them ahead of the call here! Also make sure to check out The Vault, where you can find full depth insights and IP beyond the high level live event.
Thanks to our friends at Hatch for producing this episode. Get unlimited podcast editing at usehatch.fm.
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