Webcasts: What's more important -- leads or thought leadership?

The April 7 issue of BtoB magazine has a graph with results from an online poll they conducted about webcasts. The question was "What's your top webinar objective?" and the two choices were leads or thought leadership. Interestingly enough, 69% said their top objective was thought leadership and only 31% picked leads.

These results really surprised me. I'm sure this wasn't a scientific poll, so perhaps I should take this data with a grain of salt. But in my many years of experience conducting webcasts, I'm accustomed to most sponsors being obsessed with leads. That's how sponsors usually evaluate success -- based on number of registrants and number of attendees, plus the quality of those people. It's just the way many companies are set up right now...they're dependent upon leads.

But after thinking about this poll, I realize just how difficult of a question "thought leadership or leads" is. A webcast needs to do both to be effective, so it's silly to say that one or the other is the primary goal.

If a webcast doesn't generate leads, it's going to be difficult for the sponsor to quantify results. How will sales and marketing turn that thought leadership into action without leads? But on the other hand, if the webcast doesn't provide thought leadership, the leads are actionable but they're not nearly as valuable. After all, there are a lot of easier and less expensive ways to get leads. But the thought leadership conveyed during a well-executed webcast, combined with the fact that the person just sat through an hour-long presentation about a topic, makes for a very qualified lead.

This is exactly why I believe webcasts are so popular in B2B markets right now. It's not about the lead -- nor is it about the thought leadership. It's an inseparable combination of the two.