Updated: 6 days ago
In this step-by-step inbound marketing guide, you will learn how inbound marketing methodology works and how you can use it to grow your business online by crafting high converting sales and lead generation funnels.
I’ll show you bulletproof inbound marketing examples to increase traffic and convert visitors into high qualified leads.
You will be able to craft a successful multichannel digital marketing strategy to attract customers on a consistent basis and smash the competition by moving their audience onto your platforms.
In addition, I’ll teach you how to shift your funnel-based marketing model to the modern flywheel-based marketing model.
Table of contents
DIFFERENCE BETWEEN INBOUND AND OUTBOUND MARKETING
Who invented inbound marketing?
The term “inbound marketing” was first mentioned in 2005 by the co-founder and CEO of HubSpot, Brian Halligan.
In a 2007 interview, Brian Halligan revealed what inbound marketing means and why it represents the reason why HubSpot came to life: a full-stack inbound marketing software for marketing, sales and customer service, with a completely free CRM (Customer Relationship Management) at its core.
What is inbound marketing?
Inbound marketing is a process enabling businesses to attract customers on a consistent basis by pulling the demand through relevant content and meaningful experiences.
The Inbound Methodology builds tailored connections with potential buyers and provides solutions to problems that they already have.
Inbound marketing is founded on all those activities meant to attract and retain consumers like:
SEO (Search Engine Optimization);
Personalized UX (User Experience);
What is outbound marketing?
Outbound marketing is represented by interruptive marketing activities meant to reach potential buyers.
While inbound marketing is customer-centric, outbound marketing is marketer-centric and it starts from the company towards its audience. It includes traditional and digital forms of marketing, like:
Print advertisements (newspaper ads, magazine ads, flyers, brochures, catalogs...);
Cold-calling (outbound sales calls);
Cold emails (spam);
Online intrusive and interruptive advertising (Facebook Ads, Google Ads, video ads and so on).
Is outbound marketing dead?
Outbound marketing is not dead and it can still be effective when done correctly. The best strategy starts with an inbound marketing approach and supports it with outbound marketing activities.
Keep reading and discover how to do it right.
HOW TO CRAFT AN INBOUND MARKETING STRATEGY
Your objective is to create a marketing system that automatically generates profit over time. It means you need to put in place an ecosystem that attracts visitors and locks them in.
It’s not a stealing if consumers want to stay in your ecosystem by their own will, right?
We can modernize and substitute the traditional Inbound Methodology with a flywheel and divide an inbound marketing strategy into a loop composed of three phases:
Determine your target audience
An inbound marketing strategy consists of creating a system to attract visitors, but you don’t want to attract just anyone.
You want to focus your budget and assets only on potential buyers. In other words, you want to tailor this strategy for the people who are more inclined to buy your product or service.
In technical jargon, these people are called prospects or, according to HubSpot, buyer personas.
A useful resource I give you to cover this topic is my full guide on market segmentation which you can use to identify the most profitable niche for your business.
With this clear, the only way to attract prospects is to feed them with valuable and relevant content.
Download my free buyer persona worksheet and craft the perfect elevator pitch in 4 easy steps!
Determine if the prospect has a problem you can solve
According to Internet Live Stats, 5.5 billion searches are done on Google every day in 2020. In other words, Google processes over 63,000 search queries per second.
Users are constantly seeking content, whatever it is: entertainment, services, products, reviews, knowledge (e-learning, information...), videos, comparisons, tutorials and so on.
They do it, because they constantly have problems to solve.
Can your company solve their problems?
If you can’t solve their problems, you shouldn’t waste time and money trying to communicate with them. You should attract and engage with prospects who have a problem synced with what your company offers or who may need help for the foreseeable future.
How can you create the right content for the right audience?
Understand the role of consumers in the purchasing process
Let’s say you are The Electric Toy Company and want to monetize Doug dug. The majority of people who play this video game are children (users), but they are not the actual buyers.
Children don’t have access to money and they need their parents to make a purchase.
In this example, The Electric Toy Company wants to target children with its marketing efforts and leverage them into squeezing money out of their parents (buyers).
Understanding the role of consumers during the purchasing process is fundamental to craft the best inbound marketing strategy.
Even if buyers are the ones who actually pay for your products or services, it doesn’t mean you should always target them with your inbound marketing strategy.
Understand where your prospect is in the decision making process
Another fundamental aspect of an inbound marketing strategy is personalization. There are many ways to personalize content and the higher the degree, the higher the costs.
What’s the bare minimum degree of personalization for your content?
The answer is strictly related to the buyer's readiness or, in other words, where the prospect is in the decision making process. The image below represents the different stages of buyer’s readiness according to Marketing and management of Kotler and Keller:
Willing to buy;
Some people are unaware of your product or service, some are aware, some are informed, some are interested, some desire it and some intend to buy.
It’s very difficult to produce a piece of content where you raise awareness, desire and willingness to buy, all together!
This process doesn’t work if you sell commodities, though. In this case, consumers will make their decision just based on price.
You must tailor the communication and channel of your content strategy according to each stage of the buyer journey.