Thursday, April 23, 2009

A Look into b2b Lead Generation

By Calvin Wapasa

What is B2B or Business-to-Business lead generation? it is nothing but the collaboration between two homogeneous companies. Two companies are termed as compatible when the products/services of one are required by the other. This alone outlines the criticality of Business-to-Business lead generation. B2B sales can play a significant role in a business organization's profit margins.

What do manufacturing companies do? Suppose you are in the manufacturing business of personal computers. It is obvious that you would not be making every part of the machine yourself, so would outsource them from companies who make those parts.

Establishing long term profitable business relationships with the suppliers of parts could spell success for you. This is a good opportunity for you to get your parts exclusively suited for your purpose while the vendor is getting a non-stop flow of business. If you were one, you would be running a profitable enterprise if you established a mutually agreeable business contract with companies who require parts made by you.

Today enterprises realize the power of Business-to-Business lead generation. This can have various areas of application, the traditional sectors are telemarketing and direct mailing while the later areas are ads in trade journals and trade show presentations. In fact, trade shows exist mainly for the purpose of helping various businesses find compatible partners.

A well formatted presentation which is not only informative but entertaining too would be a good tool to locate such able and willing business partners. It does not only depend on the quality of presentation but also on the style in which the trade show has been organized. A badly attended trade show or one that has the wrong people would be a complete waste of time and resources.

Advertising in trade magazines, subscribed to mainly by industry people could be a cost effective option for B2 lead generation. This way you could easily reach the target audience. Thus trade journals are a far better alternative to radio and newspapers.

The reach of the internet is insurmountable and could offer a host of opportunities for B2B lead generation. Various online tools are applicable for lead generation through the net like direct marketing, search marketing and advertising banners, etc. The current market trend is on an upward swing and what is valued at .3 billion could go past billion by 2008.

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