Lead generation is the process of attracting and identifying potential customers who show interest in your product or service. It is the first and one of the most important steps in the sales process. Without a steady stream of new leads, your customer base won’t grow, and revenue will remain dependent on chance.
In this guide, you'll learn exactly what lead generation entails, how to develop a strong strategy, and how to smartly automate the process for better results.
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What exactly is lead generation?
A lead is someone who has shown interest in what your organization has to offer. This could be someone who downloads a white paper, registers for a webinar, or fills out a contact form. The moment an anonymous website visitor provides their information, they become a lead.
Not every lead is equally valuable. That's why Sales and Marketing distinguish between different types.
What is the difference between an MQL and an SQL?
A Marketing Qualified Lead (MQL) is someone who has shown interest but isn’t yet ready to make a purchase. Think of someone who has visited multiple pages on your website or downloaded an e-book. That person deserves to be followed up on by the marketing team, but isn’t yet ready for a sales call.
A Sales Qualified Lead (SQL) is a step further. This is a lead that has shown sufficient interest and willingness to buy to warrant follow-up by the sales team. The lead has established a concrete profile and meets the criteria that you and your sales team have set in advance.
In between are warm leads. They’ve clearly shown interest, but still need a few more touchpoints before they’re ready for sales. Distinguishing between these three is important. If marketing hands leads over to sales too early, you’ll waste time and risk damaging the relationship with a potential customer who isn’t ready to buy yet.