What is Outbound Marketing?
Definition: Outbound marketing (n) is the traditional form of marketing where a company initiates the conversation and sends its message out to an audience.
Outbound marketing examples: Tradeshows, TV commercials, radio commercials, print advertisements (newspaper ads, magazine ads, flyers, brochures, catalogs, etc.), cold calls, and email blasts.
Outbound marketing is the opposite of inbound marketing, where the customers find you, mostly through various paid and natural search engine marketing efforts. Outbound marketing is harder to track and less profitable than inbound marketing, yet ironically, organizations still spend as much as 90% of their marketing budgets on outbound marketing.
Organizations looking to improve their sales and return on marketing spend would be well advised to re-allocate an increasing percentage of their marketing budget on inbound marketing. However, inbound marketing has for a long time been difficult and incredibly time consuming to implement. Thanks to new software created by WordStream, it's easier than ever to initiate, track, optimize and succeed with inbound marketing.
What's the problem with outbound marketing?
Outbound marketing constitutes the majority of marketing budgets for many businesses. It's been around for ages and some even consider it a cost of doing business. Outbound marketing, though, presents a lot of difficulties, and tradition and past mistakes should never get in the way of adapting to changing marketing trends. Problems with outbound marketing include:
- Difficulty in tracking return on investment (ROI)
- Increasing blocking techniques (Do not call list, Spam filters, TiVo, etc)
- High cost, low yield.
CRM Daily reports, "nearly half of the companies that implement inbound marketing efforts see a 25 percent greater return on investment (ROI) on those programs than companies that do not. The survey found that inbound marketing channels can deliver up to 30 times the campaign conversion rate of traditional outbound direct-mail campaigns." Inbound marketing is easier to track, has a higher ROI, and lower overall costs than outbound marketing. Your next step, of course, is to cut costs and increase conversions by shifting from outbound marketing to inbound marketing.
Inbound marketing and search engine marketing
The best, most effective way to capitalize on the benefits of inbound marketing is with search engine marketing activities. Search marketing is unique in that your customers start the conversation by searching on a topic – you as the advertiser have the ability to insert yourself into the conversation. The idea is to create ads and Web pages that will show up when someone searches for something relevant to your business, making it easier for customers to find you. Someone who searches for your product or service is a warm lead, and if you aren't there to catch him, a competitor likely will. Consider the last time you made a (monetarily significant) purchase--where did you go? Did you look for ads in the Yellow Pages? Attend a trade show? Search for the product online? Most likely, you answered with the latter, and so did your customers.
To get started with inbound Web marketing, set up Pay-Per-Click (PPC) campaigns on Google AdWords and author relevant content for Search Engine Optimization (SEO). The more content on your website, the more reason for someone to land there, and the easier it will be for potential customers to find you.
Making the shift: moving from outbound marketing to inbound
Initiating PPC campaigns and SEO efforts may sound like daunting tasks, but they don't have to be. Use the following as a guide to success with search engine marketing. You'll want to:
- Start with Keyword Research: Scan your website's log files to discover keywords, search queries, visit counts and other valuable data to be sure you're advertising with appropriate keywords for your website. Queries can also be used outside of search marketing as a guide to market trends for product research and feature requests. Use WordStream's Free Trial and Parser Tool to get started.
- Create Campaigns on Google AdWords: If you haven't already, start with a Pay-Per-Click campaign on Google, the web's most commonly used search engine, to begin experimenting with keywords and driving new traffic to your website. Be sure to include your keywords in the ad copy, or use WordStream's Ad Text Tool, which automatically populates keyword-rich copy for each campaign.
- Optimize Google AdWords Campaigns: Sort your keyword groups by relevance for the best Quality Score. WordStream's Keyword Grouping Tool evaluates each keyword and visits generated to provide the most relevant and efficient keyword grouping.
- Generate Relevant Content: Use keyword data to understand market behavior and write interesting, compelling content about these sujbects on your website for search engine optimization. The best part about this is that once you start showing up in organic results, clicks are free!
- Repeat, Prioritize and Optimize: For your search campaign to perform at its best, these steps should be repeated periodically. Prioritizing tasks and optimizing campaigns is easy with WordStream's software and workflow tool.
Just as Rome wasn't built in a day, moving to an inbound marketing system is an iterative learning process, not a get-rich-quick scheme. But the good news is that you can get started with WordStream's search marketing software and the steps above in just four minutes!
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