What is inbound marketing is a question heard more & more. We compare inbound & outbound marketing in the digital age.
Inbound Marketing
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Inbound marketing is a term which has not yet caught on in Australia, unlike
in the USA - but it will. Of course, the opposite to inbound marketing is
outbound marketing, and below is an article written by our Strategic Business
Alliance Partner, Tracey Jarvis of Xpand Online, explaining the difference
between the two marketing strategies.
You need to know and understand this information because it will save you money,
and improve your business. If you are not taking advantage of digital marketing
yet, or you still lean towards traditional business marketing strategies, you
are probably doing you and your business a disservice.
What is Inbound Marketing?
Thanks to the Internet, marketing has evolved over the years. Consumers no
longer rely on Billboards and TV spots to learn about new products or services,
consumers are now searching online to find what they want before they purchase.
'Inbound Marketing' is getting found online by your potential customer, through:
Traditional 'Outbound Marketing' was largely focused on outbound methods such
as cold calls, print ads, attending tradeshows, etc. The idea behind these
techniques was to get in front of cold leads and warm them up to the point where
they would try your product or service. Outbound Marketing consists of:
Telemarketing
Tradeshows
Direct Mail
Email blasts
Print ads
TV & radio advertising
Inbound Marketing has empowered the consumer, its given them alternative
methods for finding, buying and researching brands, products and services. The
new 'inbound' marketing has become a two-way dialogue, much of which is
facilitated by social media.
Another reason why inbound marketing is winning is because it costs less than
traditional marketing. Why try to buy your way in when consumers aren't even
paying attention. Here are some of the latest stats:
44% of direct mail is never opened. That's a waste of time, postage and paper
86% of people skip through television commercials
84% of 25 to 34 year olds have clicked out of a website because of an
"irrelevant or intrusive ad."
The cost per lead in outbound marketing is more than for inbound marketing
Inbound marketing focuses on earning, not buying, a person's attention, which is
done through social media and engaging content, such as blogs, podcasts and
white papers. This content is interesting, informative and adds value, creating
a positive connection in the eyes of the consumer, thus making him more likely
to engage your brand and buy the product. So it costs less and has a better ROI.
Tracey Jarvis is the owner and founder of Xpand Online. Tracey started working
in marketing back in the mid 90's. Over the years she has worked in marketing &
business development in many different industries such as Online Publications,
TV Production, FMCG, Events & Finance.
She returned to Australia 9 years ago after gaining experience and knowledge
working overseas for 6 years in the US, Spain, & Hong Kong.
After working in the online marketing & advertising industry in Australia since
2006, Tracey started her first online marketing business called 'Social Media
Girl' in 2010, and in 2011 she launched Xpand Online.
Tracey is an expert in online marketing, as well as being a photographer &
artist, and those skills help to bring a certain flair and style to the way she
creates branding and campaigns for clients.
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09.11.2011
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