Help Crowd-Source an Inbound Marketing Definition (There’s a Prize)
Question: What's the Definition of Inbound Marketing? Thanks for sharing your answer!
Can you succinctly describe Inbound Marketing? Do you have an idea but are not quite certain? Would you like to know more about what it is? Do you have absolutely no idea, but would be willing to take a stab at explaining it anyway?
Then this is the post for you! You just have to be prepared to share your take on Inbound Marketing in the comments. There’s a prize involved. Read on.
Why am I looking for a definition? I talk to companies about Inbound Marketing every day and each time I try to find the tidiest way to help people get it. I’m a pretty darned good communicator – been doing it professionally and successfully for decades. I’ve explained lots of complex concepts and technologies.
But Inbound Marketing seems tougher for some reason. Maybe it’s because people think they know what it is, and are resistant to accepting that there’s more to it. Eventually people understand, but given today’s short attention spans, we need a short explanation. Time is of the essence!
I’ve checked out Inbound Marketing groups on LinkedIn, the websites of fellow Inbound Marketing agencies, HubSpot’s website and Wikipedia, which was able to shed light on an earlier sense of Inbound/Outbound Marketing that I encountered once trying to explain it to a software company product development executive.
So far I’ve found nothing that encompasses all the parts and benefits of today’s Inbound Marketing in a way that’s quickly understandable. I’ve blogged about how people don’t get it. I’ve wracked my own brain for a tight definition and come up with something that I’m trying out in my networking groups and to audiences I’m speaking to in the near future. But I have a feeling I can do better.
So I decided to reach out to the online community of all stripes to see if we can crowd source something that works. There’s a prize for the best definition: A copy of Inbound Marketing by Brian Halligan and Dharmesh Shah, co-founders of HubSpot. Brian coined the phrase Inbound Marketing.
Let’s have at it. I’m passionate about Inbound Marketing, know it works and want more companies to get it and buy in, so that they can start reaping the benefits. Plus we can have some fun!
Let’s get all the help we can. Please share everywhere!!
The image is from the photostream of tj scenes on Flickr.com under Creative Commons license.
Read Full Post | Make a Comment ( 3 so far )Lessons from the 2011 Inbound Marketing Summit
The Inbound Marketing Summit 2011 Was Packed With Ideas From Top Experts
My Twitter account was hacked last night, so no Tuesday Tweets til I get things back to normal. Instead, I’ll share more learning from the 2011 Inbound Marketing Summit (#IMS11 if you want to follow it on Twitter), which I attended last week in Boston.
I put up a couple of quick posts while I was there, but now that I’ve had a chance to process the experience and review my notes I can offer you more in depth reporting and some key takeaways.
As in the past two years that I’ve attended, the speakers were the top names in marketing and media – online and offline. I’ll be sharing highlights of their talks over the next week or so – starting now.
Differentiating Your Company from the Competition
After a welcome by Massachusetts Governor Deval Patrick, who talked about the opportunities for tech companies in his state, Harvard Business School professor Youngme Moon gave the opening keynote on the topic of marketing differentiation. This is a favorite topic of mine as I see so much boring sameness out there, industry to industry. Translate that to mean loss of opportunity.
In true HBS tradition, as she put it, Moon explained ‘being different’ via case studies of IKEA, Mini Cooper and Apple. These ‘different’ companies have built very devoted customers and share certain qualities that we can all try to emulate:
- Nurturing the seemingly crazy ideas that lead them to buck the status quo and become ‘different.’ (Think about launching a tiny car to the U.S. market in an age of SUVs.)
- Embracing their negatives. According to Moon, the genius is often in the negatives.
- Being willing to ignore critics.
- Not over-listening to customers, who can tell you how to improve, but not how to be different.
- Being passionate beyond belief – the extreme version of caring and believing.
Do You Really Need to Be On Google+?
Chris Brogan, who’s been evaluating Google+ in depth since it launched in June tackled the subject of why we need another social network. His answer: Technology Evolves! We need to go where our people are.
Brogan pointed out an array of now-defunct – or almost defunct – technology and sites to make his point. Do you remember Friendster? Does anyone log onto Geocities these days?
Beyond its ‘clean’ visual look, Google+ has added social functionalities that have been missing and that Twitter and Facebook have now responded to with similar features. Selective sharing has been embraced, along with the video conferencing capabilities of which people are making varied and creative use, i.e. holding intellectual ‘salons’ of gurus and regular folk or hosting international customer support forums.
But the most powerful reason to have a Google+ presence is that it’s the first social network that combines social with search. Google no longer indexes Twitter, but being on Google+ might just help you come up higher in organic search results than those who aren’t.
Middle of the Sales Funnel in the Spotlight
HubSpot co-founder and CEO Brian Halligan used his speaking slot to address the shifting sales funnel. The first few years of inbound marketing have focused on stretching the top of the sales funnel by attracting more traffic to our websites and other online outposts and then converting the traffic to leads.
Inbound marketing 2.0 will be about how to better nurture leads through the middle of the sales funnel so that we develop a significant enough relationship to convert leads to customers when they’re ready to purchase. HubSpot recently acquired the company Performable, which has focused on middle-of-the-funnel technology that will now integrate with the HubSpot platform.
The key takeaway from Brian’s talk is that this shift in focus to the middle of the funnel coincides with the shift in power from the sales rep to the buyer created by the ability to research products and services online before buying. This has created a paradigm shift in the relationship between marketing and sales.
The new realities of buyer power require bigger marketing departments to handle the lead generation and nurturing processes and a smaller sales force that can concentrate on converting to customers the highly-qualified and sales-ready leads that marketing turns over to them.
More to come! Have you begun shifting your marketing to take advantage of new thinking and online tools?
Read Full Post | Make a Comment ( 1 so far )Report #2 from Inbound Marketing Summit
How much better does it get for online marketing geeks? Former Apple chief evangelist and author Guy Kawasaki spoke about his book Enchantment this morning. His updated take on How to Win Friends and Influence People gives a fresh take on how to connect offline as well as online in a digital world. He definitely models his first premise: Be Likable!
The day ended with Fast Company writer Dan Heath offering wisdom from his NY Times bestseller Switch: How to Change Things When Change is Hard. Perfect for inbound marketers who are working to change marketing so that it works for today’s realities.
Between the two talks HubSpot founder and CEO Brian Halligan updated us VARs on the direction the company is taking to help companies embrace the changes in the way they must market to be successful.
Let me share with you that it’s such exciting stuff. Successful marketing has never been easy or without sufficient investment.
At least now, you can finally see the results of your marketing investment – of dollars and time – in concrete terms. More than ever before you can integrate your efforts for great efficiency and with maximum control.
When I get back to the office I’ll share more specifics. Just thought I’d give you a small rundown and a bit of the day’s energy.
Read Full Post | Make a Comment ( 2 so far )Tuesday Tweets
Why We Spend Time on Twitter
Welcome to Tuesday Tweets for July 26th — where we take a look at tweets from my Twitter feed for do’s, don’ts, best practices – and sometimes just for fun. Keep in mind that what we examine here is in no way personal. We’re all learning about building audiences online. In that spirit, if you disagree with my assessments, let me have it! I’m learning, too!
@jerichotech Michael R.H.Stewart Quirky: The Solution to the Innovator’s Dilemma | Jericho Technology | http://ht.ly/5NTOK
The surprise here was on me. First, the title intrigued me because I’m fascinated by innovators – a true keyword for me — and how they come up with creative ideas. Then I thought the link would take me to Jericho Technology’s latest blog post.
But no! It took me to a terrific article in Entrepreneur about a start-up company (another interest of mine) called Quirky that’s crowd sourcing innovation and product development. It’s led by a quirky young entrepreneur who already has a great track record of success in his early twenties.
This is what I love about tapping into my Twitter stream occasionally during the day. I feed my interests with pertinent information.
@bhalligan Amazon’s revenue up 51% y-o-y in Q2 to $9.9billion. Awesome growth at that size. http://t.co/Is5csVW
@RajeshNRao Amazon Revenues Jump 51% Amid “Fastest Growth in a Decade”: Amazon‘s revenues jumped 51% in the second quarte… http://bit.ly/qh6JoL
OK. Here’s a case of two different tweets on the same topic that came in one tweet apart. They’re both about Amazon’s earnings report today. The first is from Boston, MA-based Brian Halligan, co-founder of HubSpot and co-author of the best selling book, Inbound Marketing – which has its own Amazon earnings story.
The second tweet is from @RajeshNRao of Magpur, MH (Maharushtra) India. He’s a senior marketing analyst at www.copperbridgemedia.com. Here are two people on two sides of the earth with a shared interest in online business, tweeting about news they acquired at the same time – and at a moment when probably one of them should have been sleeping
Brian’s link went to an article on Barron’s and Rajesh’s to Mashable’s version of the story. Talk about your news roundups!
@TechCrunch Video: Motorola Triumph Screens Flicker Black And White, Owners Seeing Red http://tcrn.ch/qQvVum
This tweet from TechCrunch resonates with the memory of great newspaper headline writing. The story – TC’s own review – is about problems with the new Motorola Triumph smart phone having flickering screen problems. And you can see it on video. Truthfully, my inner writer focused on the great headline and only now did I realize that there’s video showing the problem. Think I’ll go back and watch.
Obviously this week I’ve selected tweets that represent the best of Twitter. I must be in a good mind frame not to have gone looking for the worst examples. Oh, well. Next Tuesday will be here in a flash!
The recently adopted Tuesday Tweets graphic is from Freshalex Online under Creative Commons license.
Read Full Post | Make a Comment ( None so far )Inbound Marketing Education is in Middle School
HubSpot Developed an Efficient System for Inbound Marketing
Inbound marketing has been around for several years now. It’s the subject of bestselling books by David Meerman Scott and HubSpot founders Brian Halligan and Dharmesh Shah. In fact, HubSpot has surpassed the 5000-customer mark for the Internet-based content management system they invented to put all of the pieces of inbound marketing together.
Yet, when I sit in a roomful of business owners and ask how many people know what inbound marketing is, frequently all hands stay down. Or a hand will shoot up and the eager contributor will say, “Social Media.”
It’s clear to me that we inbound marketers have a lot more work to do educating the marketplace about the approach. Yes, social media is a component of inbound marketing, but it’s only one.
There seems to be pretty widespread awareness of other inbound marketing components, too, like SEO, blogging and email marketing. Yet there’s little awareness of how all of these efforts can coalesce in an effective and measurable process. This post is one of a number I’ve written to help flesh out the process in a way that’s meaningful to business people.
At heart, inbound marketing is just marketing updated to reach our potential customers where they are – online – then to get their interest and win their trust so that when they buy, they buy from us. These days, it’s harder, if not impossible, to find our prospects by advertising in newspapers (why they’re shrinking), by telemarketing (think voicemail), on TV (thanks to TiVo and DVR) and other traditional channels. But future buyers are almost all online – at least enough of them to keep our businesses growing.
Business owners and managers I speak with will often say, “Well, we’re driving lots of traffic to our website, but we’re not sure what it’s getting us.” Then I ask, “What’s your bounce rate? And what are you doing to convert traffic to leads?”
They begin to understand inbound marketing when I explain how it serves as a lead generation and lead nurturing system. When they realize that inbound marketing can be planned and implemented with the objective of helping them reach revenue goals, it becomes a much more interesting idea to explore. It becomes a compelling idea when they recognize that analytics can be integrated and success measured.
There are a lot of steps to inbound marketing. It can seem daunting at first. It does take some re-thinking about how you do marketing. And it does take an investment of time, staff resources and budget. But, properly done, it works and pays big dividends.
I use HubSpot’s content management system for my own company’s inbound marketing. There are other ways to approach and handle inbound marketing using multiple sources. But for me, HubSpot offers the best system, education and support – especially for small to mid-sized companies I work with.
As the product matures, there’s now a developer’s marketplace growing up around HubSpot that’s yielding and will continue to produce plug-ins, variations and customization for the original software, similar to WordPress. They’ve also made some recent acquisitions that will beef up various aspects of the product – including middle-of-the-funnel and larger enterprise functionality.
At minimum, HubSpot walks the walk regarding sharing useful information. The company is a virtual content factory and you can immerse in free educational downloads, blogs and other information, free webinars and a free trial to get a good feel for how inbound marketing works.
In the interest of disclosure, I’m a HubSpot Value Added Reseller in addition to being a user. But I don’t mean this post to be a commercial. I became a VAR because HubSpot is the most intelligent and efficient inbound marketing system I’ve found. It can help my clients to grow their businesses and I can help clients to better utilize the system from the VAR position.
Have you learned enough about inbound marketing to begin implementing it in some form?
Read Full Post | Make a Comment ( None so far )College of Online Marketing: A Never-ending Curriculum
No Graduation at College of Online
I just spent 30 minutes getting up to speed on the Google+ Project announced yesterday – Google’s new social media network, currently in a limited field trial. It’s quite interesting and I’ll explore it further with you as it rolls out to everyone.
The point of this post, though, is that when it comes to keeping up with online/inbound marketing, we need to commit to constant and continuous education. Not a day goes by that I don’t learn about a new tool, app, initiative, issue or trend related to marketing and interacting on the Internet.
It’s exhilarating and sometimes exhausting to be part of such a rapidly evolving profession. But the benefits that Web-based technology can bring my clients – especially small businesses – make it worth burning the midnight oil or rising at summer dawn to read the latest information.
If you’re a business trying to figure out how to market your company online, it’s a good idea to get some background information – even if you are or will be working with an agency or consultant. Here’s a 101 class, a few best-selling books to read and blogs to follow – in addition to this one — that will help you understand how to best use the Web for your marketing.
- “The New Rules of Marketing & PR,” by David Meerman Scott. Clients of mine are currently reading this and it’s fun to see the lights going on for them as they learn why we’re better off putting resources into blogging than newspaper advertising.
- “Real-Time Marketing & PR,” the latest from David Meerman Scott.
- “Inbound Marketing,” by HubSpot founders Brian Halligan and Dharmesh Shah, the guys who defined and automated the inbound marketing process.
- “Trust Agents,” by Chris Brogan and Julien Smith, the bible for understanding how and why the Web can help you build influence, improve your reputation and earn trust.
All of the above are published by John Wiley and Sons. Even if you’ve read them before, they bear perusing again from time to time.
In the blog/online media department, I regularly read:
- Mashable (General Tech/Web News and Trends)
- Huffington Post Tech (General Tech/Web News and Trends)
- TechCrunch (General Tech/Web News and Trends)
- SEOmoz (Latest in SEO)
- Chris Brogan (‘Human Business’)
- Technorati (Blogs and Blogging)
- HubSpot (Inbound Marketing)
Another important source of information for me is my online marketing community on Twitter. Follow me, see some of the people I follow, and check out my lists. You can take advantage of the news links they tweet every day.
So welcome to the College of Online Marketing, Class of Forever. Graduation day is not in the picture – unless the Big Power Outage comes. As long as it doesn’t, let’s consider ourselves online marketing lifelong learners.
What are your favorite sources for keeping up with the evolution of the Internet? Thanks for sharing!
Photo by J.o.h.n.Walker under Creative Commons License
Read Full Post | Make a Comment ( None so far )Centerpiece of a Successful Inbound Marketing Plan: A Proven Process
Two posts ago I promised to talk about having an online marketing plan. I got distracted but am now tracking back to this important topic. Part of the post will be about Hubspot, the Boston company that has embraced inbound marketing and made its mission to help businesses – including mine – coordinate and analyze their rather complex inbound marketing activities.
In honor of Hubspot – the centerpiece of my inbound marketing plan — I’m offering a musical post – my old friend, jazz scat singer and ‘hipster’ Giacomo Gates singing the Harry “Sweets” Edison tune Centerpiece, with lyrics by Jon Hendricks. Onward!
Many small to mid-size businesses (SMSB) are confused about online/inbound marketing. They think that if they’re on Facebook and/or other social media they’re good to go. Or they’ll go out and hire an SEO agency to get them higher in search results. Let’s say that all builds traffic. Then what??
Traffic doesn’t help unless you convert it to leads and nurture leads to convert them to customers – or better, advocates for your company. Generating traffic is only the first top-of-the-sales-funnel step to building business using the web. And let’s agree that the web is our best chance for growth.
It helps to have a good strategic grasp of the big picture, a process and a plan. Or you may expend a lot of effort in online activities, but with no clear idea of how or whether it will help you get to your business goals. Even I whose business is helping others build their web presence have struggled with my own efforts. We haven’t been doing this stuff all that long, after all. Read this recent blog post and you’ll see what I mean. A process and plan definitely help.
I remember complaining to Hubspot founder and CEO Brian Halligan – who practically invented inbound marketing with his partner Dharmesh Shah – that I know Hubspot works and believe in the process, but time was so tight and I was hoping to do it soon – on and on.
Brian listened to my excuses and with a big grin on his face said, “Get with the program, girl. You just have to commit to it and do it.” Well, he was so cute and he’s so brilliant that I couldn’t argue with his advice. I didn’t even mind that he called me ‘girl’. He got away with it, I got with the program. And so can you!!!
However you decide to pursue building your business online, you have to put a plan in place that addresses the following:
- Get found
- Convert
- Analyze
Each of these pieces has a number of moving parts and choices to make.
Getting Found
To get found, you have to build great searchable content. Blogging works best. You have to optimize your site and the content you create. That’s where SEO comes in as a supporting player. Not a be-all-end-all.
Convert
To convert the traffic you’ll build, you’ll want to offer useful content in exchange for contact info. At first, when a potential buyer is in the information gathering stage or they don’t know your company yet, maybe all they’ll be willing to give for your content is an email address. That’s fine. Keep cranking out helpful content and eventually they’ll be willing to give more in return.
At this point you can nurture the relationship with emails or even phone calls – more direct interactions. The better relationship you build, the better chance you’ll make the sale when your prospect is ready.
Case in point is my relationship with Hubspot. I partook – and still do — of the incredible volume of content they produce – often feeling like an absolute glutton – until I pulled the trigger and became a customer. In the interest of full disclosure, as an inbound marketing consultant, I’m also a Hubspot Partner and Reseller.
Analyze
The most critical aspect of your online marketing plan is analytics. Hopefully you use a web analytics program. Google Analytics is very robust — and free. So no excuses. Google keeps adding features so that you can track most of your online existence these days. If you don’t measure what’s working and what’s not, you can’t refine your online plan to the make the best use of your time and budget. None of us small/medium company entrepreneurs have anything to waste – so measure.
I promise you can make progress toward your revenue goals if you first understand the process of inbound marketing, choose the right tools/tactics and analyze your activities. You’ll be accountable to your prospects, customers AND your bottom line with a process as the centerpiece of your plan.
Read Full Post | Make a Comment ( None so far )Inbound Marketing Summit 2010: Reflections on the Past Year and Where We Are Now
This post reflects on the past year, on the anniversary of this blog. It also looks ahead to how we can each do something new to positively influence our businesses and our lives. A fitting musical post for the topic is Cole Porter’s “From This Moment On” swung by the late, great and gorgeous Lena Horne.
It’s taken me two weeks to finally put down a post about the Inbound Marketing Summit 2010 (IMS10). I’ve already written about the highlights for my upcoming “Working the Web” column in the Fairfield and Westchester County Business Journals. And a video interview I did at IMS10 with Chris Brogan will be posted on the Journals’ website — www.westfaironline.com.
But what I reserve for you, my blog readers, is always a more personal take on things. And I must admit that my reflection on IMS10 is as much a reflection on my past year in business.
Top speakers at IMS10
When I attended IMS09 – exactly one year ago — I was an enormous sponge trying to suck up enough knowledge to offer clients credible advice about how to build a web presence and put it to work in support of their business goals. This year I can point to a bunch of success stories – with others in the works.
This year I’m no longer a ‘newbie’. Back in June I wrote in “Working the Web” about what I perceived as the need to connect the dots between the online and offline worlds, as well as our global and local presences. Turns out this was a major theme offered by a number of presenters at IMS10. In one short year, I’ve gone from apprentice to trend setter. This is by no means a self congratulatory statement. Rather it points up the fact that we’re in a new world and everyone’s figuring it out together. No one’s more expert than me. Or you.
There’s only one thing I can say with solid certainty about the new age of marketing and PR: There’s opportunity in them thar hills, my friends. It’s worth taking a deep breath and jumping in. It’s really worth ditching your Yellow Pages ad (finally, please!!) and investing that budget in a website that incorporates the option for a two-way conversation.
Figure out how to find your stakeholders online. It’s so easy you won’t believe it! Then offer them your talents, experience, advice and the passion you have for your business. Do you think they’ll be attracted to that? You can lay a sure bet on it. Once you attract them, talk to them. Listen to them. You’ll build a relationship that leads to business. This stuff works. Here’s a case in point.
A recent client insisted that he didn’t need his company’s new website optimized for search engines because that’s just not how they get their business. It’s all through referrals. That’s great, but I couldn’t believe that there weren’t other opportunities they could tap into using their site.
The client humored me when I told him I couldn’t in all good conscience create a new website without some keyword research and at least basic meta data optimization. PS…Several months later the site is coming up on page one of Google results for important keywords. For certain terms they’re number one and two on page one.
Guess what? They’re getting business from their website!! One reason – beyond my fabulous optimization prowess ;-} – is that few in their industry are doing anything to come up on searches. We’re at a moment where you can still be among the first and the few. All you have to do is do something.
Look, we’re still in a fear-based business climate. But as someone who totally evolved and rebuilt her business in the midst of one of the worst economic climates in our lives, please believe me when I say, “Do something new.” Invest a little in your business marketing – especially online. Do it with some real strategy in mind. Go out to an event or two and listen to what’s going on. Do a Twitter search on a hash tag subject of interest to your business. (Don’t worry. I’ll discuss hash tags next post and some interesting new developments around them.)
Check progress. Connect with some like-minded people. Get energized. That’s what IMS10 did for me.
What’s happened in your business in the last year and how are you re-energizing for the year to come?
Read Full Post | Make a Comment ( 2 so far )
New PR Words - and Music! 