by Fronetics | Feb 4, 2015 | Blog, Data/Analytics, Marketing, Social Media, Strategy
Inbound marketing costs less than outbound marketing. And it works.
The internet has empowered customers. It has provided customers with new methods for finding and researching companies. It has also provided customers with new methods for finding, researching, and buying products.
The internet has changed marketing from a one way street to a two way street.
Customers no longer rely solely on TV/newspaper/magazine ads, billboards, direct mail, email, banner ads, and other traditional outbound marketing channels to learn about new products. These methods are now viewed as too intrusive, especially among younger consumers who regularly tune out the tactics.
Customers want to find YOU (not the other way around)
A study conducted by the Corporate Executive Board’s (CEB) Marketing Leadership Council found that the average customer progresses nearly 60 percent of the way through the purchase decision-making process before engaging with a sales rep. How are they able to do this? By going online. Customers are using websites, blogs, and social media.
A study by Pardot found that 72 percent of B2B buyers begin their research with Google. Other starting points for research: personal networks (15.58%), Yahoo (5.53%), Bing (2.76%), LinkedIn (2.51%) and social networks (2.01%).
What is inbound marketing?
Inbound marketing focuses on consumers finding you.
Inbound marketing meets your customers and prospects where they are, with the information for which they are looking, and at the right moment. Inbound marketing provides value, builds trust and authority, which ultimately result in increased leads and higher conversion rates.
The components of inbound marketing are pretty simple: Create and distribute fresh, relevant, targeted content specifically designed to reach a target audience.
Strategies include:
- Social media marketing
- Blogging and content marketing
- Podcasts
- White papers
- ebooks
- Infographics
- Search engine optimization (SEO)
- Case studies
What is outbound marketing?
In contrast, outbound marketing focuses on paying to broadcast your message to find consumers who will listen to you.
Outbound marketing is a value-driven numbers game. The more banner ads, print ads, and direct mailings you pay for, the more people see your product, and the more sales you’ll make. However, it is costly. Outbound marketing costs 38% more than inbound marketing. The average cost per lead using outbound marketing is $373. The average cost per lead using inbound marketing is $143.
Outbound marketing strategies include:
- Print ads
- TV ads
- Banner ads
- Telemarketing
- Cold calling
- Press releases
- Trade shows
- Email marketing
- Direct mail
Inbound marketing makes sense
Inbound marketing just makes sense. It is a proven methodology and it costs less. Isn’t it time to meet your customers where they are? Get online. Create content. Distribute content. Engage with customers. Optimize your website.
Fronetics Strategic Advisors is a management consulting firm focused on strategy and inbound marketing. When it comes to inbound marketing we take a different approach than other firms. This is because of our business experience and background. We know ROI is important, so our approach is data driven and produces results.
We understand that developing and implementing an inbound marketing strategy can seem daunting. We are here to help. We are happy to take a few minutes and look at your current strategy and give you ideas on how to start, or suggestions on what you can do to make your current strategy more successful. We are also happy to talk with you about what we can do.
We’d love to talk with you about how you can grow your business through inbound marketing.
![Why you need to understand what B2B buyers think about content [Infographic]](https://www.fronetics.com/wp-content/uploads/2024/10/content-B2B-buyers-643x675.png)
by Fronetics | Jan 27, 2015 | Blog, Content Marketing, Marketing
If you want to attract B2B buyers with content, you need to understand what B2B buyers think about content.
93% of B2B companies use content marketing. If you want your content marketing efforts to be effective you need to understand why B2B buyers consume and value content. When you understand what B2B buyers think about content you can create and distribute the right content – content that will help you grow your business by driving profitable customer action.
The CMO Council, Content ROI Center, and Netline conducted a survey of 352 senior-level B2B buyers, influencers, and decision makers with the objective of determining content’s role in influencing B2B buyers in the purchase process.
Why do B2B buyers consume content?
B2B buyers turn to content for a number of reasons including to:
- Learn about new market developments and industry practices;
- Discover new solutions to address a specific problem;
- Address a project or a program being undertaken by their company.
Why do B2B buyers value content?
B2B buyers value content because it:
- Keeps them current on new techniques;
- Provides strategic insights and shapes their purchase specifications;
- Educates them about industry issues, problems, and challenges.
Source: CMO Council
Understanding what B2B buyers think about content and why they use content will enable you to create, curate, and distribute content that speaks to B2B buyers and attracts new customers and engages current customers.
If you consistently create, curate, and distribute content that B2B buyers find valuable, you will realize results.
by Fronetics | Jan 27, 2015 | Blog, Content Marketing, Marketing
If you want to attract B2B buyers with content, you need to understand what B2B buyers think about content.
93% of B2B companies use content marketing. If you want your content marketing efforts to be effective you need to understand why B2B buyers consume and value content. When you understand what B2B buyers think about content you can create and distribute the right content – content that will help you grow your business by driving profitable customer action.
The CMO Council, Content ROI Center, and Netline conducted a survey of 352 senior-level B2B buyers, influencers, and decision makers with the objective of determining content’s role in influencing B2B buyers in the purchase process.
Why do B2B buyers consume content?
B2B buyers turn to content for a number of reasons including to:
- Learn about new market developments and industry practices;
- Discover new solutions to address a specific problem;
- Address a project or a program being undertaken by their company.
Why do B2B buyers value content?
B2B buyers value content because it:
- Keeps them current on new techniques;
- Provides strategic insights and shapes their purchase specifications;
- Educates them about industry issues, problems, and challenges.
Source: CMO Council
Understanding what B2B buyers think about content and why they use content will enable you to create, curate, and distribute content that speaks to B2B buyers and attracts new customers and engages current customers.
If you consistently create, curate, and distribute content that B2B buyers find valuable, you will realize results.
![Get SMART about your marketing goals [Free Marketing Goals Template]](https://www.fronetics.com/wp-content/uploads/2024/10/marketing-goals.jpg)
by Fronetics | Jan 22, 2015 | Blog, Leadership, Marketing
Want to reach your marketing goals? It’s time to get SMART.
Do you know what it is you’d like to see your business achieve this year? It’s likely you do. In fact, most people know generally what they’d like to see happen over the course of a year because they plan. But don’t be fooled, SMART goal setting is far more than just planning.
If you aren’t yet familiar with the SMART Goal concept, it’s essentially a roadmap to success. It makes our goals Specific, Measurable, Attainable, Realistic, and Time-Bound. SMART Goals are a tool that can be applied in many settings. For example, SMART Goals can be used to reduce costs associated with order fulfillment as well as to increase your website’s monthly visits and visitor to lead conversation rate.
Let’s take a look at how one marketing manager, we’ll call him Sam, might apply the SMART goals framework to his marketing efforts.
Specific – Here Sam will describe his goal in detail. He knows he wants to increase website traffic this year, but that’s not enough, so he gets specific. Sam sets a goal of increasing website traffic by 15% by the end of this fiscal year.
Measurable – How will Sam track his progress? In order to keep Sam on track to meet his goal by target date he set, he decides to use the website performance indicators he already tracks monthly.
Attainable – Sam’s goal should be challenging, but not impossible to reach. He reviews his company’s digital media strategy and prior year website traffic reports. After reviewing those, he decides that his current goal to increase sales by $250,000 by the end of this fiscal year is challenging yet achievable.
Realistic – Sam’s company expanded its product line at the beginning of the fiscal year, so it’s likely the company will experience increased marketplace exposure – an ideal situation for his goal of increasing website traffic.
Time-Bound – Sam plans to reach his goal by the last date of this fiscal year. He will track his progress monthly using website performance indicators.
By setting a SMART goal, Sam gives himself a specific focus and builds structure to his general plan of increasing website traffic. Breaking it down into more manageable parts will give him the motivation he needs to reach his goal.
What are your marketing plans for this year? Do you have a SMART goal guiding you? Increase your chances of success by downloading our free Marketing Goals Template.
by Fronetics | Jan 22, 2015 | Blog, Leadership, Marketing
Want to reach your marketing goals? It’s time to get SMART.
Do you know what it is you’d like to see your business achieve this year? It’s likely you do. In fact, most people know generally what they’d like to see happen over the course of a year because they plan. But don’t be fooled, SMART goal setting is far more than just planning.
If you aren’t yet familiar with the SMART Goal concept, it’s essentially a roadmap to success. It makes our goals Specific, Measurable, Attainable, Realistic, and Time-Bound. SMART Goals are a tool that can be applied in many settings. For example, SMART Goals can be used to reduce costs associated with order fulfillment as well as to increase your website’s monthly visits and visitor to lead conversation rate.
Let’s take a look at how one marketing manager, we’ll call him Sam, might apply the SMART goals framework to his marketing efforts.
Specific – Here Sam will describe his goal in detail. He knows he wants to increase website traffic this year, but that’s not enough, so he gets specific. Sam sets a goal of increasing website traffic by 15% by the end of this fiscal year.
Measurable – How will Sam track his progress? In order to keep Sam on track to meet his goal by target date he set, he decides to use the website performance indicators he already tracks monthly.
Attainable – Sam’s goal should be challenging, but not impossible to reach. He reviews his company’s digital media strategy and prior year website traffic reports. After reviewing those, he decides that his current goal to increase sales by $250,000 by the end of this fiscal year is challenging yet achievable.
Realistic – Sam’s company expanded its product line at the beginning of the fiscal year, so it’s likely the company will experience increased marketplace exposure – an ideal situation for his goal of increasing website traffic.
Time-Bound – Sam plans to reach his goal by the last date of this fiscal year. He will track his progress monthly using website performance indicators.
By setting a SMART goal, Sam gives himself a specific focus and builds structure to his general plan of increasing website traffic. Breaking it down into more manageable parts will give him the motivation he needs to reach his goal.
What are your marketing plans for this year? Do you have a SMART goal guiding you? Increase your chances of success by downloading our free Marketing Goals Template.
