why inbound is the future of marketing

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All-in-One Marketing Software Search Engine Optimization Blogging & Social Media Lead Generation Email & Automation Marketing Analytics Lead Management

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Phil Harrell of HubSpot spoke at the Westchester Digital Summit on the shift towards Inbound Marketing and how it is replacing traditional forms of marketing. In order to be successful in today's world, a business must utilize the Internet and combine Sales + Marketing to create ads and marketing that people will love.

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Page 1: Why inbound is the future of marketing

All-in-One Marketing Software!

Search Engine Optimization

Blogging & Social Media

Lead Generation

Email & Automation

Marketing Analytics

Lead Management

Page 2: Why inbound is the future of marketing

280,000 Twitter

Followers

Top10 Blog

8,500 Customers

70K Inbound

Leads/Mo

@pjharrell VP Enteprise @HubSpot

Page 3: Why inbound is the future of marketing

IT’S A GREAT TIME TO BE A MARKETER

Page 4: Why inbound is the future of marketing

By 2017, Gartner predicts that CMOs will outspend CIOs on IT.

Page 5: Why inbound is the future of marketing

INBOUND MARKETING OVERTAKES OUTBOUND 1!

Page 6: Why inbound is the future of marketing

6

86% skip TV ads

200m Say DO NOT

CALL

44% of direct mail

is never opened

Page 7: Why inbound is the future of marketing

The Internet has fundamentally changed the way people find, discover, share, shop, & connect. FACT:

Page 8: Why inbound is the future of marketing

CONTROL IS OVER.

Page 9: Why inbound is the future of marketing

MAKE MARKETING PEOPLE LOVE.

Page 10: Why inbound is the future of marketing

INBOUND MARKETING TENANTS

1

2

3

4

Content Creation

Lifecycle Marketing

Personalization

Multi-channel

Analytics 5

Page 11: Why inbound is the future of marketing

INBOUND MARKETING

OUTBOUND MARKETING VS.

+ +

Page 12: Why inbound is the future of marketing

Inbound marketing costs 61% LESS per lead than traditional, outbound marketing.

INBOUND: AVG COST/LEAD: $135

OUTBOUND: AVG COST/LEAD: $346

Page 13: Why inbound is the future of marketing

Inbound converts leads into customers

SOURCE: STATE OF INBOUND MARKETING, HUBSPOT, MARCH 2012

Page 14: Why inbound is the future of marketing

KEY TAKEAWAY Start adopting Inbound marketing principles

Page 15: Why inbound is the future of marketing

2!MARKETING ACCOUNTABLE FOR REVENUE GENERATION

Page 16: Why inbound is the future of marketing

73% of executives don’t believe that marketing drives demand or revenue.

Source: Fournaise Marketing Group study

Page 17: Why inbound is the future of marketing

87% of the terms sales & marketing use to describe each other are negative.

Source: Corporate Executive Board survey, http://bit.ly/wQCz4b

Page 18: Why inbound is the future of marketing

SALES MARKETING

Source: Corporate Executive Board http://bit.ly/wQCz4b

“simple-minded” “cowboys”

“incompetent”

“paper pushers” “academics” “irrelevant”

#SMARKETING

Page 19: Why inbound is the future of marketing

Marketing Sales

PROBLEMS •  Duplicate leads •  Limited lead info

•  No feedback from sales •  No ROI Measurement

TRADITIONAL MARKETING

Page 20: Why inbound is the future of marketing

Sales + Marketing = SMARKETING

Page 21: Why inbound is the future of marketing

1

2

3

Set up closed-loop reporting

Agree on terminology

Implement an SLA

BEFORE YOU BEGIN SMARKETING

Page 22: Why inbound is the future of marketing

SET UP CLOSED-LOOP MARKETING

Marketing Sales

•  de-duplicate leads •  import to CRM •  lead intelligence

•  contact info & status updates •  closed loop data to analyze

Page 23: Why inbound is the future of marketing

SET UP CLOSED-LOOP CRM INTEGRATION

Page 24: Why inbound is the future of marketing

AGREE ON TERMINOLOGY •  Visitors •  Leads / Inquiries •  Marketing Qualified Leads •  Sales Qualified Leads •  Opportunities •  Customers

Page 25: Why inbound is the future of marketing

SLAs GO BOTH WAYS Marketing to Sales •  Number and quality of leads required to hit

company revenue goals Sales to Marketing •  Speed and depth of lead follow-up that

makes economic sense

Page 26: Why inbound is the future of marketing

COMPUTING THE MARKETING SLA

MQL Type Average Revenue / Customer

MQL to Customer Close %

Value per MQL

Whitepaper $160,000 1.0% $1,600 Webinar $100,000 1.5% $3,000 Online Demo $150,000 2.0% $3,000 Tradeshow $125,000 1.0% $1,250 Contact Sales $110,000 10.0% $11,000

X =

Page 27: Why inbound is the future of marketing

COMPUTING THE MARKETING SLA

Page 28: Why inbound is the future of marketing

KEY TAKEAWAY Agree on one metric & two way SLA with sales

Page 29: Why inbound is the future of marketing

PERSONALIZE EVERY INTERACTION 3!

Page 30: Why inbound is the future of marketing

Hi, I’m J. Buy my

product?

Page 31: Why inbound is the future of marketing

Hi, J. This is how you made me feel.

Page 32: Why inbound is the future of marketing

WHAT DO THESE

COMPANIES HAVE IN

COMMON?

Page 33: Why inbound is the future of marketing
Page 34: Why inbound is the future of marketing

LinkedIn Follow

Webinar

ME Purchase Hx $

Web

Mobile

Email

Tools & Apps

Social

INBOUND MARKETING EXPERIENCE CUSTOMIZED FOR ME

in!

Page 35: Why inbound is the future of marketing

Understand Your Audience: Personalize your marketing through a deep understanding of their interests to pull leads through your funnel faster.

Get Found Online: Create valuable website pages, blog articles and social media messages optimized to drive qualified visitors to your site.

Page 36: Why inbound is the future of marketing

VISITOR

%

NO

YOUR NAME

YOUR COMPANY

YOUR WEBSITE

Join our Community!

Page 37: Why inbound is the future of marketing

YOUR NAME

YOUR COMPANY

YOUR WEBSITE

LEAD

Activity from Your Network: •  Item A •  Item B •  Item C Webinars You Missed: •  Webinar 1 •  Webinar 2 •  Webinar 3

Welcome back, Phil!

%

YES

Page 38: Why inbound is the future of marketing

YOUR NAME

YOUR COMPANY

YOUR WEBSITE

CUSTOMER

You’ll love these blog articles:

Elite Activity from Your Network: •  Item A •  Item B •  Item C Webinars You Missed: •  Webinar 1 •  Webinar 2 •  Webinar 3

Welcome back, Phil!

%

PERSONALIZED

Page 39: Why inbound is the future of marketing

KEY TAKEAWAY Start personalizing customer interactions

Page 40: Why inbound is the future of marketing

SEO & SOCIAL CONVERGE 4!

Page 41: Why inbound is the future of marketing

Google is the new Yellow Pages. FACT:

Page 42: Why inbound is the future of marketing

75% of users never scroll past the first page of

search results.

SOURCE: MARKETSHARE.HITSLINK.COM, OCTOBER 2010

Page 43: Why inbound is the future of marketing

FACT The more keyword-rich content you generate, the more search engines will find (and love) you.

Page 44: Why inbound is the future of marketing

Social media use in the U.S. has increased by 356% since 2006.

SOURCE: NETPOP RESEARCH, APRIL 2012

2006 2012

Page 45: Why inbound is the future of marketing

FACT: 92% of consumers worldwide trust recommendations from friends and family more than any form of advertising.

Source: Nielsen Research

Page 46: Why inbound is the future of marketing

SOCIAL MEDIA & BLOGS GENERATE REAL CUSTOMERS

57% 62%

52% 44%

0%

20%

40%

60%

Company Blog LinkedIn Facebook Twitter

SOURCE: STATE OF INBOUND MARKETING, HUBSPOT, MARCH 2012

% OF CHANNEL USERS WHO ACQUIRED A CUSTOMER

THROUGH THIS CHANNEL

Page 47: Why inbound is the future of marketing

INTEGRATION OF SOCIAL INTO SEARCH

Page 48: Why inbound is the future of marketing

KEY TAKEAWAY Start building social following to improve search rankings

Page 49: Why inbound is the future of marketing

FULLY MOBILE OPTIMIZED 5!

Page 50: Why inbound is the future of marketing

SOURCE: 60 SECOND MARKETER, 2011

6 BILLION of the 6.8 BILLION people on the planet, use a mobile phone. 3.5 BILLION of them use a toothbrush.

Page 51: Why inbound is the future of marketing

FACT: In 2012, more people bought a smartphone than a PC.

Source: IBM

Page 52: Why inbound is the future of marketing

SOURCE: 60 SECOND MARKETER, 2011

54% of iOS web traffic is devoted to search VS. the 36% Internet average.

54%

36%

iOS Internet average

SEARCH THROUGH IOS

Page 53: Why inbound is the future of marketing

SOURCE: SEARCH ENGINE LAND, 2011

OVER HALF lead to purchase.

9 out of 10 mobile searches lead to action.

Page 54: Why inbound is the future of marketing

20%

27%

0%

5%

10%

15%

20%

25%

30%

Early 2011 Late 2011

27% of emails were opened on a mobile device during the second half of 2011…

…up from 20% during the first half of 2011

SOURCE: KNOTICE, APRIL 2012

Page 55: Why inbound is the future of marketing

Source: IBM

FACT: Only 1 in 5 companies run mobile marketing tactics as part of integrated campaigns.

Page 56: Why inbound is the future of marketing

www.vegasclick.com

Page 57: Why inbound is the future of marketing

www.inbound.com

Page 58: Why inbound is the future of marketing

KEY TAKEAWAY Optimize your website & email for mobile

Page 59: Why inbound is the future of marketing

DIGITAL MARKETING SKILLS Digital Citizens Analytical Chops Web Reach Editorial Staff

Page 60: Why inbound is the future of marketing

Build a content factory

Page 61: Why inbound is the future of marketing

Less of this. I HATE marketers!

Page 62: Why inbound is the future of marketing

More of this.

62

More of this.

Page 63: Why inbound is the future of marketing

Phil Harrell VP Enterprise, HubSpot @pjharrell

THANK YOU.