Suggestions
Kevin Lord Barry
Chief Financial Officer at FMR LLC, parent company of Fidelity Investments
Kevin Barry is a B2B Growth Leader and Co-Founder at Right Percent, a company that helps fast-growing startups like DoorDash and others to scale their business through specialized advertising focused on ROI.
Kevin's educational background includes studying at The Bronx High School of Science and pursuing a Bachelor of Business Administration degree with a focus on Statistics and Quantitative Modeling at City University of New York-Baruch College.
With a wealth of experience in marketing and business development, Kevin has held numerous key positions such as the Pro Bono Marketing Lead at Tech for Campaigns, B2B Performance Marketing Consultant at Kevin Lord Barry, LLC, Senior Online Marketing and Acquisition Manager at OnDeck, E-Commerce Marketing Manager at Just One LLC, Online Marketing Manager at Color Merchants Inc., Assistant Director of Marketing at reco® jeans, and Founder at Inspirebolt and Kevin's Cookies.
Highlights
Lead generation vs demand generation 101:
Many excellent marketers will encourage you to focus on demand generation like it’s the only possible solution for sensible marketers.
They’ll almost imply you’re a boomer marketer if you prefer lead gen.
They’ll say:
”Lead generation is all about creating lots of MQLs through prospecting that your sales team can then work on closing”.
And they’ll say:
“Demand generation is about finding a tighter audience and serving up ungated content to bring them up the funnel more naturally”
I think both strategies are important.
And after spending over $100m on ROI-positive B2B ads, I’ve learned a thing or two.
And while I often recommend defaulting to lead gen, there are still both pros and cons that come with it:
Lead gen pros:
Lead generation flat out works - I’ve got customers spending over $1m monthly on ROI-efficient lead gen campaigns (even when measured all the way down the funnel)
Lead gen campaigns do default to low quality leads when mismanaged, but advertisers have very powerful levers to improve quality: conversion signal, creative, and targeting.
These levers work.
Lead generation outperforms demand generation in some important ways, too:
- Lead-generation campaigns can learn and iterate faster than demand-generation
- Demand generation performance = top-level metrics like impressions, views and engagement - you can’t correlate these to the bottom of your funnel
- Lead-gen audiences are larger - that means they won’t fatigue as quickly as demand-generation audiences
However…
Lead gen isn’t perfect.
There is a long continuum of reputational risk with leadgen.
Some of our clients require an opt-in to get sales messages from content. Others require multiple downloads and signs of interest.
Not every lead gen approach is a boiler room.
Big takeaway here?
We often recommend demand gen style strategies for clients with specific and usually enterprise target markets.
They’re just not one-size fits all.
And lead gen approaches can work across almost the whole spectrum.
There’s no reason even the most enterprise level company can’t run demand gen and lead gen at the same time for different market segments and approaches.
And since lead gen is a choice that can work for almost all B2B companies, I think it’s the better “default” for B2B advertising.
Bur if you’re hunting whales, there’s room for demand generation, and that’s when I’d choose it over lead gen.
Interested to hear your thoughts in the comments…
Sales reps are burning your ad spend. 1 of our clients replaced their sales team for all lower intent traffic & conversions skyrocketed by 40%.
Here are 3 things the new sales team did differently:
Dialing warm, inbound leads that have done careful research is a totally different ball game than leads that just came in fresh from ads.
And if your sales team isn’t used to calling lower intent leads like social, they might not close these deals as efficiently as they should be.
Which is a massive waste of all that money you’ve spent acquiring those leads.
So making sure you that you prep your sales team before calling inbound leads generated from ads is an absolute must.
- Remind them
Ad prospected leads usually aren’t piping hot, and ready to pull out their credit card when you tell them to.
In fact, they’re much colder than you’d think.
Most of them have only just heard of you, so give them a reminder of who you are, what your company does, etc.
- Call ASAP
There’s a significantly higher chance of converting leads when you call them immediately.
When they’re clicking through your ad and filling out their info, there’s a certain level of interest they have in THAT very moment.
Capitalizing on that immediate interest is a must.
- Qualify them
This one is a big time saver.
Unqualified leads are bound to slip through the cracks.
Make sure that you’re asking them questions that re-qualify them so you don’t end up wasting an hour and a half on the phone with someone who doesn’t fit your ICP or have any money to spend.
Nail these 3 things within your sales team, and you’ll start capitalizing on the leads you worked so hard to get with ads.
