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Sales and Marketing Success Depends Heavily on Demand Generation

By Jennifer U. Rastian

What is the definition of insanity? According to Albert Einstein, insanity is defined as doing the same thing over and over again but expecting a different result. Often times marketing strategies could be seen in the same light. Marketers often make small or insignificant changes to their marketing strategy with the expectation that the results will be dramatically different than in the past. Don’t fall into the same trap!

So your are sitting in a meeting with the other executives of your company, formulating your 2013 plans and budget. The CEO has promised the board a significant increase in revenue and profits for the next year. The CFO needs to find new ways to cut costs while gaining a higher level of productivity and efficiency. As the CMO, your job is to come up with an effective marketing strategy that will allow for all of the aforementioned promises to the board of directors to be fulfilled. You need to reduce spending, find ways to increase the productivity of your marketing team, and drive revenue.

So before your delve in head long into formulating a masterful plan, take a step back and ask yourself where to start. Well, start at the very top with demand generation. These days, formulating an effective demand generation strategy requires the about the same amount of time and attention to detail as the rest of the sales and marketing funnel.

Eloqua defines demand generation as being “made up of four main parts, demand generation is the art and science of developing, nurturing, and maintaining buying interest in your products and services. Campaign management, lead management, marketing analysis, and data management are all parts of demand generation. Successful demand generation relies heavily on a strong knowledge of the modern buyer and what drives their actions.”

Demand generation is a primarily a function of the marketing department but works best when done in tandem with the sales department. According to a blog by Tony Albachiara, “marketing must be transformed into a metrics-based organization that track campaigns, inquiries and conversion rates to provide detailed cost of inquiries.” Mr.Albachiara believes all CMO’s should ask of themselves:

Do I have an outlined demand generation strategy? Is my demand strategy in tune with my Ideal Customer Profile and buying personas? Do I have the content to engage prospects early in the buying process? What is my lead sourcing plan to efficiently generate quality inquiries? What is my social media platform strategy? What type of resources need to be allocated to demand generation (People, Technology, and Budget)? How much demand (quantity) do I need to drive into my funnel to achieve the desired results based on my plan? How will I monitor my demand generation efforts? Knowing the answers to these questions will put you on the path to developing a successful demand generation strategy.

Jennifer U. Rastian is an author in the world of marketing. If you are interested in working with the latest in marketing she suggests you check out The Pedowitz Group Demand Generation Marketing Agency. You can learn more about this topic by visiting demand generation consultants.

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Article Citation
MLA Style Citation:
Rastian, Jennifer U. "Sales and Marketing Success Depends Heavily on Demand Generation." Sales and Marketing Success Depends Heavily on Demand Generation. 9 Apr. 2013. uberarticles.com. 2 Aug 2014 <http://uberarticles.com/business/internet-marketing/sales-and-marketing-success-depends-heavily-on-demand-generation/>.

APA Style Citation:
Rastian, J (2013, April 9). Sales and Marketing Success Depends Heavily on Demand Generation. Retrieved August 2, 2014, from http://uberarticles.com/business/internet-marketing/sales-and-marketing-success-depends-heavily-on-demand-generation/

Chicago Style Citation:
Rastian, Jennifer U. "Sales and Marketing Success Depends Heavily on Demand Generation" uberarticles.com. http://uberarticles.com/business/internet-marketing/sales-and-marketing-success-depends-heavily-on-demand-generation/


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