What is a Lead in Business?
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What Does “What is a Lead in Business?” Talk About?
This episode of the James Dooley Podcast tackles one of the most fundamental concepts in business: what a lead actually is and why it matters. James Dooley and Kasra Dash break down the definition of a lead from the ground up, explaining that a lead is anyone who has voluntarily expressed interest in a product or service by submitting their contact information, whether through a phone call, email, or web form. They use a simple plumber analogy to make the concept immediately relatable for business owners at any stage.
The episode goes further by defining several critical types of leads that every business owner should understand. These include real-time leads, which are contacted immediately upon submission, exclusive leads, which are sent to only one business rather than shared among competitors, and pay-per-lead arrangements, where a business pays a fee for each inquiry received. James and Kasra also distinguish between SEO leads, PPC leads, and social media leads, explaining why search-intent-driven leads tend to convert at significantly higher rates than those generated through passive social media scrolling.
The conversation wraps up with a broader point about lead generation strategy. Both hosts emphasise that relying on word of mouth alone is not a sustainable growth model, and that businesses need a consistent, daily flow of high-quality leads to survive and scale. They point listeners toward fatrank.com as a resource for businesses looking to explore pay-per-lead, PPC, and SEO-based lead generation services tailored to their industry.
“A lead is basically oxygen for any business. If you don't have enough leads or you're not getting any leads then you don't have a business.”
— Kasra Dash
Who Are the Guests on “What is a Lead in Business?”?
James Dooley is a well-known figure in the SEO and digital marketing space, widely recognised for his work in lead generation and organic search. As the founder of FatRank, James has built a reputation for helping businesses generate consistent inbound inquiries through SEO and content strategies. His no-nonsense approach to explaining complex digital marketing concepts makes him a trusted voice for business owners looking to grow their online presence.
Kasra Dash is an experienced digital marketer and entrepreneur with deep expertise in SEO, PPC, and lead generation. He frequently collaborates with James Dooley to break down industry concepts for a broad business audience. Kasra's practical, example-driven communication style, demonstrated clearly in this episode through the plumber analogy and the competitor lead scenario, makes technical concepts accessible to business owners who may not have a marketing background.
What Are the Key Takeaways From “What is a Lead in Business?”?
Here are the key points discussed in this episode:
- A lead is any individual who voluntarily submits their contact information to express interest in a product or service, making them a potential revenue opportunity for a business.
- Real-time leads convert at a higher rate because immediate follow-up reduces the chance of a prospect contacting a competitor before being reached.
- Exclusive leads are more valuable than shared leads because only one business receives them, removing direct competition at the point of contact.
- SEO and PPC leads typically convert better than social media leads because users performing active searches have stronger purchase intent.
- Relying solely on word-of-mouth referrals is not a sustainable lead generation strategy, and businesses need a consistent daily flow of quality leads to grow long term.
“SEO leads normally convert at a much higher rate because they are inbound. Someone searching business insurance is far more likely to convert than someone cold called about business insurance.”
— Kasra Dash
Is “What is a Lead in Business?” Worth Listening To?
This episode is worth listening to for anyone who has ever been confused by the terminology thrown around in digital marketing and sales conversations. James and Kasra do an excellent job of stripping away jargon and explaining exactly what a lead is, what makes one lead more valuable than another, and how different acquisition channels stack up in terms of conversion potential. The episode is concise and packed with practical definitions that can immediately change how a business owner thinks about their pipeline.
What makes this episode particularly valuable is that it does not stop at definitions. By distinguishing between exclusive and shared leads, real-time and delayed leads, and search-intent versus social-intent leads, the hosts give listeners a framework for evaluating the quality of any lead generation service they might consider. For small business owners who have wasted money on low-quality lead providers, or who have been burned by shared leads that go to five competitors simultaneously, the insights here are both validating and genuinely actionable.
Who Should Listen to “What is a Lead in Business?”?
This episode is ideal for:
- Small business owners who want to understand how to generate and evaluate incoming customer inquiries
- Entrepreneurs exploring paid lead generation services and wanting to know what questions to ask before committing
- Digital marketers who need a clear framework for explaining lead types to their clients or stakeholders
- Sales professionals who want to better understand where their inbound inquiries are coming from and why some convert better than others
Where Can You Listen to James Dooley Podcast?
You can listen to James Dooley Podcast on all major podcast platforms:
- Apple Podcasts – Search for “James Dooley Podcast” in the Podcasts app
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- Overcast – For iOS users who prefer a dedicated podcast app
- Pocket Casts – Cross-platform podcast player
You can also subscribe using the RSS feed: https://feeds.transistor.fm/james-dooley-podcast
What Are Listeners Saying About This Episode?
“Really clear breakdown of something I thought I already understood but clearly did not. The distinction between exclusive and shared leads alone was worth the listen. I had no idea some agencies were sending the same inquiry to multiple competitors at once.”
“Kasra's explanation of why SEO leads convert better than social media leads finally clicked for me after hearing the business insurance example. I have been wasting budget on Facebook ads for months and this episode helped me understand why my close rate was so low.”
“Short, sharp, and genuinely useful. James and Kasra cover every type of lead in under ten minutes without padding it out. The oxygen analogy stuck with me and I have already shared this episode with my sales team.”

Kasra Dash: A lead in business is basically somebody that is interested in your service. A lead can be phone based or it can be a web form. It can be an email inquiry. There are lots of different types of leads but in short if you're a plumber and I have a leak then I need you to come and fix the leak. That is a lead and you might have my information, my email, my telephone number and a brief bio of what the inquiry is.
James Dooley: A lead is also known as an inquiry and it's someone that has shown an interest in a product or service that you offer. It could be a telephone call which is a call lead or it could be an email which is an email lead. Someone shows interest and hopefully you then show your products and services and turn that call or web inquiry into a conversion and into a sale.
Kasra Dash: A lead is basically oxygen for any business. If you don't have enough leads or you're not getting any leads then you don't have a business. The focus should be on maximising the amount of quality leads you can get. There are lots of lead generation companies out there. Some deliver and some send useless leads. The focus as a business owner should be on quality leads that actually want your service.
James Dooley: Now people understand what a lead is. What is a realtime lead in business?
Kasra Dash: A realtime lead is if I get a lead now on my phone and I pick up. It is not a lead that sat there for days before a reply. If someone emails and it goes straight through, that is a realtime lead.
James Dooley: What is an exclusive lead in business?
Kasra Dash: If we are competitors and buying leads from a lead generation agency and I am the only one who gets that lead, that is exclusive. If both of us get it, that is a shared lead.
James Dooley: What is a pay per lead in business?
Kasra Dash: A pay per lead is when I pay a lead generation agency every time I get an inquiry. If I pay you £10 and you send me 10 leads then I pay you £100 that day.
James Dooley: What is an SEO lead in business?
Kasra Dash: An SEO lead is a lead generated from SEO. You should always ask where leads come from. SEO leads normally convert at a much higher rate because they are inbound. Someone searching business insurance is far more likely to convert than someone cold called about business insurance.
James Dooley: What is a PPC lead?
Kasra Dash: SEO and PPC leads are the two high converting lead types. PPC is the sponsored listings at the top of Google or Bing. They often convert well because the search intent is strong.
James Dooley: What is a Facebook ads or social media ads lead?
Kasra Dash: A social media ads lead is when someone sees an ad on Facebook or Instagram and fills in a form there. That form is then sent through to you as the lead.
James Dooley: Hopefully that explains all the different terminology. A lead is the oxygen of a successful business. Every business needs a consistent flow of quality leads every day. If you don't have consistent quality leads you will struggle long term. Too many people rely on word of mouth and hope Barbara down the road refers them someone. Consistency is key. Head over to fatrank.com and go to the contact page. We do pay per lead, PPC leads, SEO leads and commission based lead generation. If you want to know what a lead is in business we have gone through every type. Head over to fatrank.com, fill in the form and see the different types available for your industry.
Creators & Guests
Host
James Dooley is a UK entrepreneur.