inbound marketing white paper
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learn about the new revolution sweeping the marketing functionTRANSCRIPT
0402 340 250 [email protected] www.g2msolutions.com.au
Sebastian Junger’s wonderful book “The Perfect Storm” described an
unprecedented combination of meteorological events that led to a storm of
intense ferocity off the New England coast. Such a storm is upon the
marketing function. And it is fundamentally altering the way B2B
marketers do their jobs effectively.
Big picture problems facing B2B Marketers
The internet is a giant resource for buyers. Buyers are undertaking vast
amounts of pre-purchase research online. They are downloading white
papers, following expert bloggers, attending webinars, connecting with
peers and fellow purchasers in user groups on LinkedIn and on Twitter.
Marketers are having to rapidly rethink the tactics they use to find and
influence their potential customers. The go to market teams in firms (both
sales and marketing folks) are becoming disenfranchised and are losing
control of the buying cycle.
Buyers are finding an increasingly large number of ways to block the well
used outbound channels of communication marketers have come to rely
on. Spam filters and regulatory changes are blunting and blocking eDM
campaigns, do not call registers, voicemail and caller ID are creating
barriers to Telesales teams. Effective webinar technologies means
attendance rates at events are falling. In the B2C space TIVO and IQ (in
Australia) are damaging the effectiveness of TV advertising...and so it
goes on.
The resources (both financial and human) being devoted to marketing are
under intense pressure in these financially straightened times. Executives
are asking (quite rightly,) where is the ROI on these marketing
investments I am making? All my other functional areas can justify their
existence, why can’t marketing? Marketers are increasingly being asked
to be analysts not artists. Modern marketing functions need tools that
track campaigns and can demonstrate which tactics result in maximum
quantity and quality of leads.
Implications
The implications for marketers and the functions in the firm that they
serve, particularly sales, are huge. For those relying on traditional
outbound marketing, leads will become harder and harder to come by.
The quality of leads will fall. Firms’ ability to nurture leads through the
Sebastian Junger’s
wonderful book
“The Perfect Storm”
described an
unprecedented
combination of
meteorological
events that led to a
storm of intense
ferocity off the New
England coast.
Such a storm is
upon the marketing
function. It is
fundamentally
altering the way
B2B marketers do
their jobs.
By Chris Fell
Managing Director, G2M
How to survive “The Perfect
Storm” facing B2B Marketers
Page 2 of 4
funnel will be hampered. In short, the go to market engine that drives your
business is going to fail its road worthiness test.
A new need emerges
B2B marketers need a solution and they need it quickly. They need to find
ways to be present in places online where their buyers are going to do
their research. They need to get found online. They need to participate in
their prospects buying journey to reinsert themselves into the online
debate about solutions to the problems that their buyers have. They need
to find ways to influence the decision process of their buyers, to be able to
nurture their contacts to become leads; those leads to become engaged
and interested prospects that sales can take over and convert to a sale.
Survival skills for the “Perfect Storm” - Inbound Marketing
Inbound marketing describes the collection of marketing techniques and
technologies that describe how to attract buyers to you rather than more
traditional outbound marketing, where you push your messages out to
buyers.
Inbound marketing is a child of the internet. More recently, it has not only
grown up but come of age in the era of web 2.0. Definitionally speaking,
inbound marketing wraps its arms around such techniques, technologies
and approaches as organic search, pay per click advertising, search
engine optimisation (SEO), keyword research, site links, blogging, digital
content creation, social media, lead nurturing, and web analytics among
others.
So how, you may ask, does inbound marketing solve these pressing
problems of the outbound marketer? What are the required elements of
an effective inbound marketing solution? The answer is, until relatively
recently, with some difficulty. Marketers who wished to embrace inbound
marketing faced a number of challenges.
Educating themselves on the new world of inbound marketing and
decoding the complexities of such areas as advanced SEO techniques,
keyword research and web analytics was a significant investment.
Additionally, effective techniques that allowed your site to rank well in the
Google search engines changed regularly, which in turn required the
marketer to continually invest in their knowledge and upgrade and change
the tools they used.
Secondly, consultants who specialised in the various areas of Inbound
Marketing were able to charge a great deal of money for their services
making Inbound Marketing an expensive proposition.
B2B marketers need a
solution and they
need it quickly. They
need to find ways to
be present in places
online where their
buyers are going to do
their research. They
need to get found
online. They need to
participate in their
prospects buying
journey to reinsert
themselves into the
online debate about
solutions to the
problems that their
buyers have.
Page 3 of 4
However, perhaps most challenging of all was the disparate nature of the
solutions available. To be effective the active and engaged inbound
marketer would have to purchase software from 3 or 4 separate providers
and/or engage with a number of specialist consultants to piece together a
full inbound marketing solution. For example, a marketer would need to
find a keyword grading tool to help work out what keywords they need to
rank for. They would need to find a good SEO consultant, to help them
optimise their site for those keywords. They might need to find a blogging
platform or a lead nurturing offering that they could integrate with the
content management system on their site and then a good analytics
package to analyse data from all these disparate sources. Needless to
say this was highly undesirable, expensive and an inelegant solution.
However in more recent times, huge strides have been made in providing
a genuinely useful solution for the Inbound Marketer. In particular, from
Cambridge MA., based Hubspot. Hubspot saw the need for Inbound
Marketing but more importantly saw how dysfunctional and difficult it was
for the modern marketer to find a full solution and get a jump on their
competition.
Hubspot’s software integrates pretty much all the core elements of a full
Inbound Marketing solution. Its software is divided into three core areas:
Get Found
Convert leads
Analyse results
Get Found
This section of the software covers off all the elements the Inbound
Marketer needs to get their company found online. Inbound marketers:
Select relevant keywords
Develop on page SEO
Develop off page SEO (external links and such like)
Develop powerful content via a blogging platform
Develop and integrate a social media strategy
Measure and track what is working and what is not
Convert Leads
Once your firm has been found online you want to make sure you convert
your site visitor to a lead and then nurture that lead to the point that the
sales team can take the over and convert them into a sale (hopefully). In
this section Inbound Marketers:
Develop compelling landing pages
Hubspot’s software
integrates pretty much
all the core elements
of a full Inbound
Marketing solution. Its
software is div ided into
three core areas:
Get Found
Convert leads
Analyse results
Try Hubspot’s
website grader for
a free assesment of
your website and
areas for
improvement
Page 4 of 4
Develop content suitable to stages of the buyer’s journey
Capture lead data
Analyse Results
Analysing results is one of the single most important advantages of
Inbound Marketing. Being able to empirically prove which campaigns are
working best, generating most traffic to the site, what content is causing
visitors to convert, knowing what your funnel math looks like is
tremendously powerful and allows the inbound marketer to make a strong
case to their management for funding their marketing programs.
HubSpot closed loop marketing analytics lets you understand the entire
sales and marketing funnel Slicing and dicing this single, accurate source
of data across varied campaigns and timeframes lets you report marketing
ROI.
Inbound marketing is growing rapidly, one might even say exponentially.
However this does not mean marketers must abandon al other forms of
marketing and switch 100% of their marketing efforts to inbound
marketing. We advise many of our clients to blend their inbound and
outbound marketing efforts, for example an outbound eDM campaign,
regular briefings and events for qualified prospects, hard copy case study
“leave behinds” for the sales team. It’s just that once our clients see the
power of outbound marketing they often chose to rebalance their
marketing investments in favour of inbound marketing.
Your next steps
g2m Solutions is a Hubspot VAR and offers affordable monthly retainer
based packages, including the rental of the software and expert time to
configure and populate the system, starting with a free 30 day trial to see
if the solution is right for your organisation. Please contact me if you would
like to find out more on [email protected] or check out the
solution packages the g2m solutions website. Additionally, Hubspot have
an excellent free tool called website grader, which scores your current
website and provides a report on areas for improvement.