B2B Marketing Blog

John Doe

Architect & Engineer

We love that guy

5 Ways to Wow on Your Next SaaS Product Demo header

Introduction

Demos are really one of my favorite parts of the sales process. Something about them reminds me of staying home sick from school and watching reruns of old The Price is Right episodes. Suddenly, I’m walking out in a sparkly dress showing off a prized car with all of its top-of-the-line features and gadgets. The audience (perhaps by command of the applaud box), ooh’s and ah’s over the car, as they all envision themselves driving it down an empty highway into the sunset.

But then I snap back into reality.

Sure, demos are without a doubt one of the more fun parts of sales, showing off your key benefits and talking proudly about your product, but it should be so much more.

Before we talk about what makes a we-need-this-software-now demo, we should first discuss what makes a hmm-we’ll-keep-you-posted demo.

giphy

Classic demo pitfalls

Hmm-we’ll-keep-you-posted demos can contain the following elements:

1. Pre-recorded demo videos – Wow. I’m getting bored just thinking about one of these videos. No doubt it’s narrated by someone with a monotone (or automated) voice who’s going to walk you through each part of the software via a screen sharing video. The demo’s probably going to be long yet also somehow vague on the points you’re actually interested in. That is if you watch it for long enough to get to those parts. I know it sounds like I’m throwing a lot of shade at pre-recorded demo videos, but these can provide little to no value or personalization to your prospect — the two key ingredients in anything that’s going to be relationship and trust building.

2. Scripted demos – Be it on the phone or video call, having a script can put an impersonalized damper on the conversation. Giving the prospect the time to talk shows a real interest in helping, but if it’s going to be as generic as the video presentation above, you’re still missing those value-giving, personal-connecting tokens you’ll need to move the sale along.

3. Pushy demos – Like any other part of the sales process, being pushy isn’t helpful. You know your product isn’t for everyone. It’s like they say, “if you’re selling to everyone, you’re selling to no one”. As you educate and engage your prospects, uncovering pain points in their current strategy, be honest with yourself about if your tool is right for them. If it’s not, don’t drag it out and insist it’s good for them anyways. Better to admit there isn’t a fit, you don’t want to waste either of your time, and wish them well. It’s that easy.

5 Ways to Wow

Now that we have an idea of what not to do, let’s run through an ideal demo scenario. If your prospect has landed on your ‘Request a free demo!’ landing page, congrats! Chances are they didn’t get there on their first visit to your site. You’ve nurtured them into leads using resourceful and relevant content and now they’re ready to see what you’ve got. Here are 5 ways to make their demo memorable and have them heading to your pricing page to subscribe to the plan of their dreams.

 

1. Be prepared — Before your prospect even signs up for your demo, use your landing page to get to know your prospect better. Asking for their company name, job title (a great way to see if the contact is a decision maker), challenges, and goals can be a great way to get a feel of what they’re looking for even before you start your chat. Choose for yourself which fields to make obligatory or optional. Getting more information before the call can help you prepare better, but be sure that your prospects aren’t being scared off just because you’re asking questions they don’t trust you enough yet to give over. Additional tip: If you’re using HubSpot Marketing or other software that has captured information about previous engagement of the prospect (or other contacts from that company) with your website (such as pages they viewed, content offers they’ve downloaded, etc) make note of that. This can help you start to create a picture for yourself as to who they are, and what part of your software they’re most likely interested in.

2. Personalization — As you begin your call, don’t be afraid to review the notes you’ve taken from the point above with your caller. They’ll be pleasantly surprised that you’ve done your homework, and care to make this about THEM. Too many demos are about the software and what it can do. During this demo, it’s all about the prospect. What tactics have you been using up until now? How’s that working out for you? Is that producing the results you’re looking for? How does that affect you personally? What goals do you hope our tool might help you achieve? From here, you can suggest the two of you head over to specific parts of your tool that might best suit their needs. We’ve all been given tours and demos of various products with an emphasis on the features that aren’t relevant to us and tend to get boring quickly. Keep it personal, keep it relevant.

3. Be a storyteller — I like to think of a demo as a choose-your-own-adventure storybook. Now that you have a good idea of their role, their company, where their pain points are, and their goals, it’s time to start painting an interactive picture for them. Create an engaging atmosphere for them to envision using your software. Is it 9AM and they’ve just sat down at their desk? Are they on the go with a coffee in hand? Creating a scene might sound like theatrics, but it’s a great way to humanize the experience and help the prospect see your tool as a functional part of their working experience.

4. Pause and reflect — No matter how much a prospect did research about your tool before starting, nothing can prepare them for the live demo. The design, the layout, the tabs that lead to sub-tabs that lead to that action they want to take. It’s a lot for someone to take in. Be sure at the beginning to set an agenda and reassure prospects that there’s going to be X amount of time allotted for Q&A at the end of the demo. Not only is debriefing important, but be sure to check in after each section of your tutorial to ensure your participant understands what you’ve covered or if he wants you to go over something again. Remember, your software is your bread and butter, but to your lead, it’s a totally foreign language. Sympathize, joke, and regroup when needed.

5. Next steps — After asking if the prospect has any final questions and wishing them well, you’ve just developed a relationship with this lead. When done right, you should have a real sense of who they are, what their role is, pains they experience, and if your SaaS software is a potential solution for them. No matter if there’s a fit or not, go ahead and send them a thank you email. According to an Adestra’s 2015 Subject Line Report, email subject lines including the words “thank you” or “thanks” placed on their top 10 list of highest above-average engagement levels. Feel free to review some of the points you’ve discussed and let them know that you’re there for any of their ‘morning-after’ questions. They’ll be thankful for the follow up.

Pro-tip: Trials vs. Demos

It can’t be denied that demos aren’t for every SaaS company. For some, free trials can be a better fit because their product is more self-explanatory, or they don’t have the manpower to conduct one-on-one demos. That being said, marketing advisor and inbound enthusiast Jennifer Bischoff suggests that many SaaS companies have reported being upset with their trials as prospects tend to lose interest during the trial period due to a lack of personalization or handholding.

Our take-away? When possible, offer both. Provide an interactive demo if that’s what’s needed by a prospect. If they’re looking just to play around and get a feel for your tech on their own time, go ahead and offer a trial as well.

Conclusion

Live demos are a great way to personalize a prospect’s decision experience. As they decide if your solution is what they’re looking for, it’s important to remember that your company is a software as a service, and likewise, it’s important for you to keep in mind that personalized and valuable service is what will build trust-based relationships with your prospects. That way, when the time is right, you’ll be the tool they subscribe to.

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John Doe

Architect & Engineer

We love that guy

How to Get Your First 1,000 Subscribers

In an age where all the information of the world fits in the palm of everyone’s hands (even baby hands, can you imagine that), people are more inclined to start their own business, than ever before. Everything they need to know about running a start-up is at their disposal, a lot of which is free to consume and only a few clicks away.

When doing their due diligence on how to run a start-up, many young entrepreneurs quickly come across a couple of ‘universal laws’:

  • They need an exceptionally strong marketing effort
  • They need to focus on email marketing to get their message across

The arguments are common sense: if a tree falls in a forest and no one is around to hear it, it doesn’t make a sound. Or, in other words, if nobody knows about your business, you won’t make an impact no matter how hard you hit the dirt. The second ‘universal law’ might not be common sense for everyone, so here’s a short recap:

Today’s younger generations are exposed to more than 200,000 marketing messages by the tender age of 15. That means if your message is not ultra-relevant it will be ignored more than the terms and conditions of a mobile app. That makes traditional ad marketing a very challenging task.

Second, email marketing is an awesome method because it is opt-in and thus you can be 100% sure your messages go out only to those who are genuinely interested in hearing it. It has also been proven effective time and time again. You can check out the latest figures (August 2017) on this link.

But perhaps the most important ‘side-effect’ of your email subscribers list is that you’re creating a community, and a community has the strength to move mountains. Creating a movement, having people that feel they’re part of a group or a tribe, as Seth Godin puts it, creates a strong bond between you and your visitors. They become your brand evangelists, your PR spokespeople, your strongest advocates. If they feel included, if they feel like they’re part of a group in which they will be respected and missed if they’re gone – they will be very passionate about you and your work.

The problem with online marketing is that everyone’s fighting for attention, and there’s only that much people can give. Today’s internet users have an attention span of a goldfish, and I’m not exaggerating. So email marketing is one of the best ways to go. But getting people to give you their email isn’t that easy. They know why you need it and how valuable it is. So, they want something in return. Make sure you give it. Below you’ll find a short guide on how to get your first 1,000 subscribers. You can also consider it as a step-by-step guide, with the first tip also being the most important one. But why 1,000? Why not 500, or 5,000? A thousand is generally considered a tipping point that can propel your business forward and is thus seen as the first important milestone.

Give them value

Your goal is to get your visitors to give you their email address – on their own free will. They will do so if they get free (valuable) stuff or special offers. Depending on your business or industry, you can create ebooks, podcasts, offer free demos, product evaluations or reviews, schedule meetings, organize discounts, coupons, whatever you consider valuable for the audience in your industry.

For all of this to make sense, you need a landing page (or even better – multiple landing pages). Without a solid landing page where visitors can learn a bit more about what they’re getting for their email, the entire effort will be pointless.

impact of number of landing pages on lead generation

Impact of multiple landing pages on lead generation [Image Credit: HubSpot]

The second thing you absolutely must have is a lightbox, like the one we have on our own site, which pops up when you move your mouse towards the exit button. Similar to pop-ups, lightboxes appear across the screen at certain points in time, and are one of the most effective ways to turn visitors into leads.

They are an essential step in reaching your goal of 1,000 subscribers. They pop up at the perfect moment, and are capable of engaging leaving audiences. They feature a clear call to action, communicate the unique offer in an eye-catching manner, and allow you to personalize it to specific audiences.

But you must be very careful when creating lightboxes. One wrong step and everything will backfire. Lightboxes need to complement the site and offer relevant content in order to improve the overall user experience.

Make sure to read this UX Planet’s post on best practices when creating lightboxes and similar modals.

Post regularly

Building habit is probably the most potent marketing strategy ever created. If you can create a habit among your visitors to keep coming back for more, your virality potential grows, your SERP position increases and your overall chances of getting new people on that landing page of yours increases.  But in order for your visitors to keep coming back, they need something to come back to. So create an inbound marketing strategy that will revolve around your target audience’s pain points and challenges. Learn what they are looking for online and create content around those issues. Make sure to follow them through the entire buyer’s journey. That way, not only will you create habit, but you will also form a strong, trust-based relationship with your readers.

Start guest posting in your niche’s top media

If the mountain won’t come to you – you must go to the mountain. Going where your target audience is already present is considered best practice, and your audience is most likely a regular visitor to your niche’s top media or blogs. Posting on such sites is a win-win situation: the blog gets quality content (you need to make sure it’s quality content), and you get to advertise your business (and more importantly – your landing page) to your desired audience. Do not forget to add a link to your site or landing page to the copy you are submitting. It is not uncommon to even share a call to action at the bottom of the piece, inviting readers to learn more about you and your business, so consider that option as well.

Pay for traffic

Organic is the holy grail of traffic, but the way internet works today, it is almost impossible to have your traffic fully organic. It needs to be greased every once in a while, so don’t hesitate to shell out a few greens to get those initial visitors rolling.

Luckily, there is a myriad of options when it comes to paying for traffic, and some companies have it down to fine art. There are really cool ad networks out there, obviously including the likes of Google AdWords or SelfAdvertiser. They can help you get your message across to very specific audiences, regardless of how narrow or unique your niche might be.

Also, don’t forget social media like Facebook, Instagram or Twitter who all allow buying ad space and usually have tremendous reach. Last, but definitely not least, consider niche sites, forums (Reddit, perhaps?), and your industry’s influencers.

The gap between 1,000 and 10,000

As in anything else, the first steps in building a subscriber base are definitely the hardest. You will find plenty of content out there promising 1,000 subscribers in a week or in a month, but it wouldn’t be wise to give out such promises – each start-up is different. However, that doesn’t mean you shouldn’t set yourself up with a couple of deadlines when it comes to reaching that famed 1,000.

And once you hit that milestone (and I’m confident you will), the gap will start narrowing, and adding new subscribers will probably be much easier. Be warned – you will face new challenges as scaling a subscriber base is a whole new pair of sleeves. But we’ll get to that on another time. Now let’s first get you to that thousand.

 

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John Doe

Architect & Engineer

We love that guy

competitor landscape header

You have an idea for a startup, you’ve put together a team and now you want to find an investment. Your idea is important but your potential investors will probably be even more interested in figuring out whether or not you’re aware of who exactly your competition is. An investor under the impression that you don’t understand who your competition is, or worse – aware of a competitor that you’re not aware of, won’t take you seriously.

This post will teach you how to find your competitor landscape, why you need to and why people are afraid to talk about their competitors.

Why you need to find out who your competitors are?

In short – it will give you the upper hand over them. To compete – and win – versus anybody, you first need to know exactly what you are up against. The first benefit of knowing who your competitors are, is understanding your competitive advantage. What differentiates you from your competition? What are you doing differently and/or better than the rest of them? Knowing this helps your potential investors get a clear picture of your strengths, and/or weaknesses that need eliminating.

The second benefit is closely tied to the first one – it helps you and your investors understand your competitors’ weaknesses. Is there something they are doing poorly which you could be doing better yourself? Learning from their mistakes will help you increase the gap between you even further.

Then, there is learning from all the good things they are doing. Is there a way to use this intelligence to improve your product, or services? Can their practices give your customer support a welcome nudge? Do your investors see how you can improve and grow over time?

Understanding how your competition operates, how they engage with clients, which business models and pricing they are using, as well as the mistakes they are making, is a great brainstorming tool which can help you come up with new and innovative ideas. You wouldn’t be the first one to use such intel to come up with a great new tool that’s solving a real pain point in today’s society.

And finally, knowing your competitors helps you get a clearer bird-eye view of your entire industry. How much funding are they getting? Is the funding going down just a couple of big-game start-ups, or is it spread across the industry? Is the funding growing, or shrinking? All of this can help you determine the strength of the industry and that, in turn, can speak volumes of the demand, helping you position yourself better when it comes to discussing investments.

These are some of the biggest advantages of having detailed knowledge of your competition, and something that is not optional if you are really serious about succeeding with your start-up. So, how do you do it?

How to find your competitor landscape?

There are four main ways to map your competitor landscape:

  1.  Look for products solving similar problems as your own
  2. Look for funding on CrunchBase
  3. Analyze marketing efforts via SimilarWeb or Google
  4. Do some heavy review reading

So the first step is to find products that are similar to your own and that solve the same problems as your product does. This is an important first step as it helps you count how many companies you’re up against. You can see where they’re located, how many employees they have on average, how old they are, and how big of a market they cover.

Determine who the big players in the industry are, and analyze their business models. Pay attention to their user interface and user experience. Is there anything they’re doing differently than you, or similarly to you? If you find something within the UX/UI world that works – mimic it. There’s no need to reinvent the wheel.

Once you map out all your potential competitors, the next step is to see how much funding they’re getting. Luckily for everyone, Crunchbase is here to save the day. This site is going to be your new best friend. Learn when they were founded, how many venture capitalists invested in them, and with how much funds they’re currently operating. This will also help you determine who the ‘big players’ are in the game.

Another important step is to see how they’re marketing themselves. You can have the best product in the world that will be worth jack squat if nobody knows about it. So, say hi to your second best friend – SimilarWeb. Use this site to understand how your competitors are generating traffic. Is there anything you are not doing at the moment? Is it working for them and can you use it too?

Also, don’t forget Alexa and the Google keyword research tool – these are important sites that will help you find keywords you can rank for with your own marketing efforts. Last, but definitely not least – make sure you read up reviews of your competition online. There are literally hundreds (if not thousands) of customer reviews from your competition. Having a product that’s driven by the market is an awesome approach, bound to make a difference. That is most easily achieved by understanding what your competition’s customers like, and what they dislike. Obviously, once you hit the market, you’ll be getting reviews of your own, so make sure you don’t neglect them. It is a time-consuming endeavor, but one that is definitely worth the effort.

Closing comments

Those looking to draw in investments need to pay really close attention to their competition, because that is definitely something investors will want to know. You need to have a better product than what your competition is building. You need to understand other competitors’ business models, their executions, pricings, and most importantly – investments. Having less intel than your potential investors means they will probably perceive you as frivolous, not really committed. Luckily enough, with the strength of the internet and some time invested, you can easily map out your competitor landscape.

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John Doe

Architect & Engineer

We love that guy

saas pricing header

Recently I took part in a think tank for a SaaS product group that was struggling with pricing issues. The issue at hand was that the product team was having a hard time getting users to opt for what they identified as the best offering out of three possible package tiers for their users.

The product’s standard tier package was originally priced at a fixed cost of $10/mo plus additional usage based costs. Further on down the road, they added a lower tier with limited features. The usage cost for the lower tier was set at almost a fifth of the standard tier price.

With time, as user needs to scale grew, a third premium tier package offering was added. This time, for technical reasons, the price was set at a monthly fixed price of $700. Not an unusually high price but in comparison to the two other packages, this was presented as 70(!) times the original standard tier offering. The new premium package offered robustness for high system load, and while the two other tiers did deliver, it was agreed that the new offering was the best offering for the users.

The problem: given the three choices, users were opting for the lower tier package and the standard, while the premium tier was seldom used even though it in fact was a much better offer with better features at a great value for money.

Before reviewing how to untangle this issue, let’s review the things you need to consider when approaching pricing of SaaS products.

Evaluating different pricing models

Here are the 4 most common pricing models:

  1. Flat rate – paying a fixed price for all the product features. Typically, this will be monthly or annually based. This model is simple and is rarely used as it doesn’t give much room to capture a broad customer base. Simply put, it’s an offer they can refuse.

pricing offer

2.Pay as you go – a usage based pricing tier. This pricing model has its appeal to customers. They can moderate their payment according to their growth, and the fact that they can scale down and cut costs if they hit a rough patch can be a good selling point. On the other hand, this pricing model might cause a headache when trying to forecast your company’s revenue, as any bump on the road for your customers directly affects your earnings. Plus, your engineering team will also find this challenging as they will need to have a robust scaling strategy that can grow and shrink to cut your infrastructure costs (remember, your customers do not pay for what they do not use).

The best and most successful examples for this model would be the big cloud providers – Amazon web services and Microsoft Azure. They are big enough to use the competitive nature of this model and still stay profitable.

3.Flat rate + Pay as you go – This fine combination of the two models above consists of a fixed flat rate (e.g. $10/mo), in addition to a payment based on usage (e.g. 100 emails = $5, 1000 emails = $15. etc.). I like it because it creates a predictable safety net to the pay as you go model.
4.Tiered – Usually averaged at 3.5 offerings (that constitute a combination of all of the above), in this model, we want to appeal to a broader audience and have a safety net in the form of a mid-price in case our premium price deters users.

On the con side, the tier model planning is the most complex as it does not only consist of your cost plus profit. It entails strategy, psychology, and understanding of elements of game theory. It’s important to decide what features should be included in each tier and how to price it correctly. The SaaS product team understood that they were not playing this game correctly. Let’s now break down what went wrong and learn from it.

A Pro Tip about Frog Boiling: It’s not uncommon to also add a basic or even free tier that will constitute a honey trap to convert potential users into future paying users. Christopher Penn from the legendary podcast “Marketing Over Coffee” talks about a “frog boiling” method in which companies create incremental declines to their free offering over time. Through this method companies offer a free package and then degrade the license to a point it’s not worth having. That way the free package keeps getting less and less effective and the pay now button (and ads) get bigger and brighter. The message: “here’s the paid alternative if you want to do better” will ring loud and clear to these users. If such companies just flipped the switch overnight they would be pushed back – the trick is to keep turning the dial down a little bit at a time.

The core elements to consider when building your offering

  • What model is most suitable for your product. When possible I always advocate for the tier model but don’t force a model in cases where there’s no justification. The SaaS product team realized their usage of the tier offerings at the early stage where there were only two offerings was actually leading people to opt for an offering they didn’t want them to choose. At that early stage of the product, a valid alternative solution would have been to offer one winning flat rate + pay as you go model.
  • The alternatives out there. How are your competitors packaging and pricing their offerings? What is your USP and how can you stand out and make your offering appealing? Even if you’re aiming to be perceived as more expensive than your competition, make sure to make that a conscious decision (and keep in mind, no matter what you do, you’re always part of a competitive landscape and choosing to pay you is always on account of not paying someone else).
  • The value of the product. It’s a given that the bottom line price can make or break the conversion of demand into a sale. You want to help the prospect make the right choice and select the best most relevant product for him. In a world of numbers, “bottom line” pricing is considered an art form, where there is no ultimate right or wrongs but it is the difference between making and breaking it.“Pricing is actually pretty simple…customers will not pay literally a penny more than the true value of the product.” – Ron JohnsonAlthough this is an over simplified statement (I would add that customers will not pay a penny more than the perceived value of the product), it does convey one truth – we have a job to convey the value of the product to the customer and help the customer feel that the price is fair and reflects that value – it’s important to keep that in mind when choosing a pricing offering. Ask yourself – is there a correlation between the price you are charging and the value you’re offering? Make sure to do your market research.The SaaS product team was offering great value and their current pricing offerings were not reflecting that. This made users opt for packages that were not optimal for them. Consider this, people think they’re rational but they’re not. Decide what tier you want to aim for and structure your pricing in a way that will help them choose.

                                                                                                                                                        The Decoy Effect

When the team decided to add more expensive offerings, users were able to choose amongst 3 premium packages priced at $700, $1,400, and $2,800. Based on our newly introduced pricing perspective, would you take the cheap $10 offering for your high-performance system?

 

Your list of features. This goes hand in hand with the value of the product. Simply put, longer is better. Here’s how to go about this:

1. Make a list of everything you can offer. Write down everything you know and everything you can think of.

2. Get specific. Don’t overlook differences such as limited vs. full warranty – each should be a separate item.

apples and oranges

3. List the features you’d like to offer to your best value tier and then add or subtract to the other offers. Consider the perceived value to your users and work that into your structure. Make sure to be as quantitative as possible. The SaaS product team was offering shared computer resources for the standard tier and a dedicated resource for the premium tier. Most users would ask, “I know that dedicated is better than shared, but is it $700 better?” The solution was to add another feature to the list. While the first feature was still stating shared/dedicated resources per tier, the second feature detailed how much compute power will be dedicated to the user. That sort of quantitative information is such that the user can assign a value to and rationalize it.

4. Make sure the length of each tier’s list correlates with the perceived value (premium should be longer than basic etc). The SaaS product team’s lists of features were all the same length, that’s confusing for the user.

How to present your offering

In the traditional world, we have display counters, sales reps, and cashiers – the customer is already inside your store and we have time to complete the sale, and maybe even upsell. SaaS doesn’t have that luxury, the point of sale is usually limited to one page, so you really need to plan how to display your products. Here are a few tips:

  • Carefully choose your copy. “Best for small business that are aiming high”, “For people on the go with no excessive time”, “Ideal for beginners”. Help the users help themselves by understanding what best suits their needs. Clarify what each tier/ model is best suited for (i.e “recommended for development”, “recommended for low throughput systems” etc). Consider that the easiest decision is made when one knows that “people like me” selected this offering.
  • Draw the eye. For this purpose, make sure to schedule a meeting with the bearded heavy glasses flowery shirt and flip flops dude from the designer studio. Get his help figuring out how to make your selected offer pop. Big, colorful, “best value” flags are a good place to start, but can you take this to the next level?
    Your goal is to draw the weight of the page towards the selection you’re aiming for.

mailchimp pricing

 MailChimp calls you a lamb if you select the free tier. 

Final thoughts

Pricing is an art and as such we do not know what will make our users decide one price over the other. When approaching your SaaS pricing it’s important to take into consideration:

  • the most suitable model for the product
  • conveying a clear value
  • the alternatives out there
  • applying best practices that will influence the user to opt for the price they are aiming for

Now go make them an offer they can’t refuse.

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John Doe

Architect & Engineer

We love that guy

facebook watch platform.jpg

Facebook just introduced a new video watching service and considering the direction the internet has been taking in the past couple of years, it shouldn’t come as a big surprise to anyone. Before we dig into why I think it’s a logical step forward for Facebook, let’s first take a look at what this new feature actually is and how it operates.

Say Hello to Watch

facebook's new feature watch

Image Credit: Facebook

The platform is called Watch, and given the explanation Facebook’s put up on its newsroom, it feels a lot like YouTube:

“Watch is personalized to help you discover new shows, organized around what your friends and communities are watching. For example, you’ll find sections like “Most Talked About,” which highlights shows that spark conversation, “What’s Making People Laugh,” which includes shows where many people have used the “Haha” reaction, and “What Friends Are Watching,” which helps you connect with friends about shows they too are following.”

The above is similar to YouTube, which has sections like “Your Subscriptions”, “Trending”, “Recommended”, “Entertainment” or “Watch it again”.

Another thing that makes it a lot like YouTube is the fact that it revolves around user-generated content. So, home-made videos and anything else which might fit along those lines.

“Watch is a platform for all creators and publishers to find an audience, build a community of passionate fans, and earn money for their work. Shows are made up of episodes — live or recorded — and follow a theme or storyline. To help you keep up with the shows you follow, Watch has a Watchlist so you never miss out on the latest episodes.”

What’s also interesting about the way Facebook’s presented the new feature is the order in which it listed all the available platforms: “Watch will be available on mobile, on desktop and laptop, and in our TV apps.”

Keep in mind – it’s listing mobile first. It’s a strong indicator of where Facebook feels the future of video lies (more on that later, as well).

The comments are where Facebook decides to take it a step further compared to YouTube. They, too, will be live and will be a “part of the experience”.  “So when you watch a show, you can see comments and connect with friends and other viewers while watching, or participate in a dedicated Facebook Group for the show.”

A logical step in a logical direction

Now that we know what Watch is and how it works, let’s briefly touch on why I feel it was long coming.

First (and foremost), all predictions on what the internet will look like in the next five years have the same conclusion: it will be dominated by video content. A higher penetration of high-speed broadband everywhere, followed by a decline in prices, has made viewing video over the internet a more enjoyable experience. And consumers have responded in kind A report by Cisco  says that by 2020, 80 percent of all internet traffic will go on video, up from 73 percent last year. Five years ago, we were still counting how many pieces of content were watched – thinking of percentages of the ENTIRE global traffic was inconceivable at the time. So, how much data exactly are we going to watch in a few years’ time? Well, roughly three zettabytes. Yes, I know. Let’s just say it’s REALLY a lot.

global IP traffic

Image Credit: Recode

Knowing that Facebook wants to be the omnipresent internet force, tapping into such an important trend was expected. As a matter of fact, Facebook has already been doing that for quite some time now. More than a year has already passed since the social media giants said it’s changing its algorithm to put a stronger emphasis on video. Then, in January this year, it changed its algorithm once again, this time to give priority to longer videos, and those with higher completion rates.

But that’s not everything Zuckerberg’s social fortress has been doing. Facebook has essentially become a media company, and as a such, video plays an extremely important role.

“Facebook is a new kind of platform. It’s not a traditional technology company. It’s not a traditional media company. You know, we build technology and we feel responsible for how it’s used,” Zuckerberg said back then.  “We don’t write the news that people read on the platform. But at the same time we also know that we do a lot more than just distribute news, and we’re an important part of the public discourse.”

And check this out – late this June, it was announced that Facebook struck a deal with Fox to livestream the Champions League. Yes, THE Champions League – one of the biggest sporting events in the world.

If that doesn’t spell “we’re a media company”, and “video is brutally important to us”, then I don’t know what does. All things considered, this makes Watch a step in the right direction for a company that wants to organize and upgrade on its video efforts.

Watch is not yet widely available. Facebook says it will introduce it to a “limited group of people” in the States, while the rest of the world will have to wait a bit.

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5 things to consider when trying to raise money for your SaaS product header

Raising money for your SaaS product is a minefield. Regardless of whether you are crowdsourcing, at the seed stage or beyond, it is imperative that you have a defined strategy for your product. Who is your target audience? What is your USP? Why should they fund your product? How are you going to present your product to potential investors and to customers? What is your price point and what are your projections in terms of sales and ROI?

 

The chances are if you are at the stage of raising money you have built a plan around these strategic considerations. However, as your product, and business, evolves so should your strategy. So, what are the 5 things you need to consider?

1. Who are you looking to raise money from?

The size of your business will often dictate who you target for your fundraising. If you are still in the pre-seed phase, are you able to do some bootstrapping? Can you ask family members to invest? Would crowdsourcing work as a quick win?

If you are at the seed stage, you are likely looking for some outside funding either through Angel investment or a Venture Capital fund. Beyond this, in your third, fourth and any additional rounds of funding it is important to consider what kind of investment fund you think might find your product of interest.

2. What is your competitive advantage?

Investors will want to know what the growth potential is and what their potential ROI will be. Why should they invest in you over the other SaaS products out there? Where do you fit within your market segment? If your market segment is already crowded, what makes you stand out above the rest. Or if you have managed to land on a relatively empty section of the market, are there potential barriers to new competitors entering the same segment and ‘stealing’ your funding? If you’ve spotted a gap in the market, the likelihood is that someone else has too, especially if it has fast growth potential. Your potential investors will want to know what you have to offer that others don’t.

3. Where do you plan to take the product with this investment?

So, you’ve beaten off the competition. No matter who the investor is, and at what stage of development you are, raising moneys is contingent upon a clear strategy. Knowing your product and how you plan to grow it through identifiable opportunities are key to attracting investment.

4. When is the right time to bid for investments?

If you’re in your very early stages, many SaaS products wait until they have a prototype ready to demo. For other, larger, investments, timing can be even more critical. Making sure you have the enterprise structure, including management, and a sound product marketing strategy in place could be the difference between securing funding and not. Of course, different stages of development will heed different levels of funding, but knowing when to begin your next round of bidding is indispensable to securing funding for your great product.

5 . How? How much do you want?

What kind of investment do you want? Is it simply cash? If you’re further down the development process, do you want board members or advisory personnel as well? If you have an existing management team and board members, they will play an important role in deciding how much you want to raise. You will also need to consider how much you value your autonomy. The additional capital may come with a requirement from the investor to install their own advisors. Are you happy with that? If you are the type to benefit from a collaborative relationship then this kind of investment could be just what your business needs.

Conclusion

There are many things to consider when you are trying to raise money for your SaaS product. Above all, articulate a clear strategy for your product – the product features, your USP, the route(s) to market, the competitive landscape, growth prospects and the potential return on investment. with timescales. Then, if you structure your thinking around “W4H1”; who, what, where, when and how, you will find it easier to generate questions which will eventually lead to the answers you need to answer. And those answers will be the key to a successful funding exercise. Go to it!

P.S. If you’re curious to find out if your current marketing efforts are what your startup needs in order to grow and find more customers, I invite you to take the ultimate Bold Assessment, click below ==>

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what is email marketing header

Introduction – email marketing

When people talk about content marketing, others usually assume they’re referring to blogging, or are confusing it with social media marketing. This makes me cup my face in my hands and shake my head from side-to-side. What about email marketing? It’s used to engage contacts by created personalized and valuable content along with relevant and engaging calls-to-action, to move them through the buyer’s journey. If that’s not content marketing, I don’t know what is.

I’ll be honest, optimized email marketing is just about my favorite channel of inbound marketing. Here are some reasons why:

  • Unless you’re buying lists, email addresses you have in your database are intrinsically inbound triggers. Your contacts gave you their email addresses because they’re expecting to hear from you. It’s your job to impress them with your content, wisdom, and offers.
  • These emails can be highly personalized. Through list segmentation of implicit and explicit data (more on those soon) and personalization tokens, no email can be marked off as irrelevant.
  • It allows for research and tweaking. Using a/b testing, you can optimize your email campaigns by testing what factors in an email create more engagement and adjust your future emails accordingly. This way you can create the best emails possible.

But that’s just the tip of the email marketing iceberg. Let’s go back and create a foundation of what email marketing is, how to build a personalized and action-oriented email marketing workflow, and optimize for the highest conversion rate.

how to strategize and boost your email marketing performance

Ready to start drafting? Think again.

Before you write a single line of content, you’re going to want to head on over to your CRM or contact database. In order to run a great email marketing strategy, start segmenting your contacts into buyer personas. Your buyer personas are the different types of people your content speaks to AKA the kind of people you’re looking to connect with. Maybe they’re CEOs of hi-tech companies or customer success managers at travel agencies. By catering each piece of content to one of your various personas, you will make each message feel relevant and personalized to your readers.

But that’s not all. What you’ve looked at so far is only explicit data – or data that is shared by the contact within the company. But there’s also implicit data that is information gathered from user behavior. Consider the buyer’s journey and lifecycle stage which address where each contact is in their journey from your marketing team to your sales team to your customer success team. These will work as the basis for how to personalize your approach to your contacts.  Has the contact downloaded a specific eBook that can shed light on their current state? Are they a new customer? By creating lists that reflect the digital engagement of those contacts with your company, you can then go on to create content that speaks to who they are and their relationship with your company.

Pro Tip: if you’re using HubSpot’s marketing tool, make sure to track all actions the contact has taken on your website. What blog posts did they read? What pages did they visit? Tailor your emails to correlate with what you know about the contact.

Content & Design

Now that we know WHO we’re talking to, can we starting writing content yet? Patience.

Before we start writing, we have to talk about goals, structure, and design for your emails. Figure you’ve looked at your newly revamped and segmented contact list and think: “I seem to have a number of contacts that are CEOs that have subscribed to our blog, downloaded a consideration stage eBook, but haven’t contacted us about a demo, free trial, or consultation.” For this group, you’ll want to move them one step further down the buyer’s journey. You’re so close to finding out if they’re strong leads for your sales team to approach! So you decide you want to set a goal for this group to take a decision stage action. To do that, you choose to write for them a sequence of emails to get them to request a free consult. Awesome!

Before you start writing or typing, here are some points to consider about the design and content for your emails:

  • At the top of an email (and this goes for any inbound outreach) you’re going to want to give a reason to get in touch. This isn’t a spammed message but one that comes with intention for who they are and where your relationship stands. By grabbing their attention this way, you’ll get them curious enough to hear you out.
  • When building anticipation, one great design tip is whitespace. While we tend to think of whitespace as making content look empty, it’s actually needed to help readers who are scanning the content. By cutting the clutter of your content and creating space that frames your words, your message will be easier to read and hold a sharper presence.
  • Another comment about design. Use fonts, colors and bold text to help capture the reader’s interest. Tip: Don’t underline. Underlines can look like they should be links that don’t work. Find other ways to get your point across.
  • Try not to offer more than one CTA. We think that our prospects want options, but the reality is less is more. When contacts get multiple offers that they’re interested in, there’s a good chance they’ll just close the email simply because they can’t decide which one they want more. Sounds like a nice problem to have in theory, but this can really hurt your conversion rate. So remember, less is more.

The picture below of the inverted pyramid is a format to follow for writing all your marketing emails. You want something big and bold to grab the reader’s attention, then build anticipation that they have a challenge or situation that you can help with, and lastly offer a clear and pointed (no pun intended) CTA to collect that offer.

attention pyramid: Grab attention, build anticipation, Call to action

(HubSpot Academy)

Building a sequence

Zooming out, let’s see how an email is going to work in a larger email sequence. (Not sure how to build an email sequence? Check out some tools and tricks to get started here.) By using a sequence, you can do two things: provide a content offer a number of times (because there’s always a chance they won’t bite the first time) or push people through their buyer’s journey.

Before writing an email sequence, consider the following template:

Sequence Goal:
Starting Criteria (who will be you be sending the emails to?):
Email 1:
Email 2:
Email 3:
Follow up email:

Let’s go back to our example from earlier and fill out the table:

Sequence Goal: Request a free consultation
Starting Criteria  (who will be you be sending the emails to?): CEOs that are blog subscribers, filled out a form to download a consideration stage eBook, but haven’t requested a demo, trial, or consult
Email 1: Send them consideration blog posts related to the consideration eBook they downloaded
Email 2: Send a case study
Email 3: Send offer to request a consultation
Follow up email: Thank you email + schedule consult

By creating an outline for your sequences, you can ensure that every email you send in a sequence provides relevant and compelling value and a CTA that pushes them to your goal along their path to purchase.

Some final words about optimization

83% of marketers aren’t optimizing for their email marketing campaigns.  Scary isn’t it? That means that 83% of marketers are planning and writing emails without any follow up to see what’s converting and what isn’t. Aspects of your emails like send time, subject line, images, device email is opened on, and CTA design can all affect the way your contacts interact with your emails. Try a/b testing to see if changes in your emails affect the way people engage with them. But only switch one variable at a time! Try to alter more than one thing at once won’t help you find the piece that makes a difference. One more thing: don’t stop a test too soon. Reliable results take time, so run a test for at least a month (if not for a whole quarter) before changing your strategy to something new.

Looking for more tips and advice before you start writing? Check out our How to Strategize and Boost Your Email Marketing eBook below!

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John Doe

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what is content marketing header

Introduction – content marketing

Consumers are being bombarded with marketing messages every day. That’s because marketers are disregarding a simple reality – the face of advertising has changed. Outbound marketing like interruptive ads, direct mail and cold calling just doesn’t work anymore.

Here are some facts:

  • 75% of people don’t believe in ads
  • 86% of people skip TV commercials
  • 44% of direct mail is never opened

So what is content marketing?

Today, in order to attract potential customers, marketers have to provide readers with something they’ll enjoy. That’s where content marketing comes in. It’s a marketing methodology that drives individuals to your product by creating quality content they love, and converts them into lifelong customers.

How is it done?

Here are the steps you’ll need to take to churn content into contacts:

  1. Write engaging (SEO optimized) blogs
  2. Include calls to actions in those posts
  3. Drive visitors to your landing pages
  4. Continue the conversation

But who’s to say that all those steps will line up and play out seamlessly one after the other? By publishing the right content at the right place and the right time for each of these steps, your marketing becomes relevant and helpful to your customers. Write by that trifecta and watch the content marketing domino show play out in front of your eyes.

When speaking on the phone with CEO and CMOs, I’m constantly being asked how these dominoes line up, how one leads to the next and what it means to add value and help prospects every step along the way. So let’s break down each of these stages of content marketing and how they can effortlessly flow when they’re educational and enjoyable.

bold content marketing

Blogs

 

Your blog is the front door of your website. By optimizing your blog’s content for SEO, your buyer personas will have the greatest chance of finding you during their online searches, and so will begin the chain reaction that’s to follow.

 

Here are some tips when writing your blog:

  1. The right content: Write for your target audience or buyer personas. Your content is for them, not you, so write something they’re going to want to read.
  2. The right place: In the customer-centric era, people want to absorb content they look for, not interruptive ads that assume they’re ready to buy. Blogs are a place to provide captivating and insightful content that’s not about selling, but meeting a reader where he is in his own buyer’s journey. It’s a channel that offers advice, perspective, and inspiration. Now when was the last time you saw an ad do that?
  3. The right time: Write according to where your readers are at in their buyer’s journey. If they’re trying to understand an issue they’re having that you can solve, don’t try to sell to them now. At this point, you should be educating them about their challenge and ways to solve it. If you’re writing for someone at the end of their buyer’s journey, educate them on how you’ve helped others who had similar challenges to them.

CTAs

CTAs or calls-to-action are your chance to make sure your blog readers aren’t reading and leaving. If your blog is the front door of your website, CTAs are your way to put your foot in that door. A CTA can be an invite to download a content offer, book a demo, start a trial, participate in a webinar or any other offer you think prospect can’t refuse.

Here are some tips when writing your CTAs:

    1. The right content: CTAs should match the content they follow. Your CTA is about providing additional value so it works as a, “but wait there’s more!” token. Don’t offer something that’s unrelated to what your reader just read. They should see it as a chance to step up what they started learning about.
    2. The right place: This is a contended topic among digital marketers. It makes sense that CTAs should be at the bottom of posts, after a reader finishes reading. There’s also an idea that CTAs should be “above the fold” so those glancing will also have the chance to see a CTA. While newspapers seem more old school than digital writing, “above the fold” has become renewed with more people scrolling through content on their smartphones and not having the patience to scroll through an entire article. The jury is still out on this debate but try a/b testing to see what works best for you.
    3. The right time: When calling to a friend across the street, are you more likely to call out, “Come here!” or “Hi! How are you? Come on over so we can catch up!” Probably the first. Sure you want to say that whole bit, but that can wait until he gets to your side of the road. You want to be action-oriented and brief in order to send your friend a clear message over the traffic. CTAs are the same. The shorter and more direct your CTA is, the more likely your reader is going to follow your CTA to its landing page.

content marketing

Landing pages

Your visitor has crossed the street and is now on the cusp of turning into a lead. To do that, he’ll need to fill out some info about himself before collecting his prize promised in the CTA.

Here are some tips when writing your landing pages:

  • The right content: If you’re thinking that landing pages don’t have content, think again. There’s a good chance you didn’t give too many details to go along with your CTA, so now’s your chance to tell them what they’re signing up for. If it’s an eBook, offer some of the chapter titles or highlights. If it’s a demo or webinar, discuss how those are scheduled. Your reader is thinking, “is this worth it?” Help them say, “yes”.
  • The right place: Landing pages have one goal – to get almost-leads to become…well real-leads. Limit the number of distractions on the landing page. By offering additional links or your menu bar, you’re inviting visitors to take actions that aren’t filling out their information. Make sure your landing page has one clear goal to capture contact details.
  1. The right time: How much is too much? Make sure you ask your visitors for information that is fair in relation to your offer. If it’s just a landing page to get monthly newsletters, you don’t need to be asking them for more than their email address. An eBook? Go ahead and ask their name and even the type of role they have in their company. The more you’re giving them, the more you can ask from them in return.

Thank you pages

All thank you pages should have three goals:

  • Delivering the content offer (or letting the reader know when/where they’re going to get it)
  • Return their attention to your website navigation to encourage them to stick around
  • Keep your newfound leads engaged

Here are some tips when writing your thank you pages:

  • The right content: You might have thought that the call-to-action is over but turns out, your thank you page a great way to offer additional calls-to-action. Offer CTAs to share the offer with others over social media. Create a CTA for them to follow your company on social media to stay posted on your latest offers. While this might be the end of one workflow, it should be the start of an engaging content-filled relationship.
  • The right place: I’ve seen a bunch of landing pages that seem unrelated to the company brand, and others that rock the integration of their company image even in something as mundane as a landing page. Use your thank you page to further brand awareness. Assuming your brand’s colors and style reflects the kind of message you want to send to your leads, this is an easy way to give them that impression.
  • The right time: Thank you pages should appear right away after a lead submits his details. If you miss this and just send them an email with the offer, sure, they get what they asked for, but it leaves them hanging for confirmation.

Conclusion

There you have it! Content marketing isn’t just about throwing out copy for people to read. There’s a need to recognize and respect who your personas are and where they are on their journey to purchase. Once you understand those points, you can create unique and engaging content to push your prospects through the sales cycle. Starting with your SEO-optimized blog, offer further relevant and helpful content through CTAs, leading prospects to submit their contact details, and lastly receive a thank you page to nurture those leads into regular visitors. Each step in this process should align with the mantra, “the right content, in the right place, at the right time.” Once you have that lined up, get ready to sit back and watch your relevant leads come filing in.

Want to discover more ways to generate leads? Check out our 30 Greatest Lead Generation Tips, Tricks, & Ideas eBook to learn more!

(See what I did there?)

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John Doe

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create content that’s both relevant and evergreen header

Introduction – content that’s both relevant and evergreen

Back in the Summer of 2016, Pokémon Go was all the rage. Everywhere you went, you saw people walking around staring at their phones trying to find little AR creatures hiding behind mailboxes and lampposts, all in the hopes to “catch ‘em all”. Within no time at all, marketers couldn’t help but take notice.

Over the course of that summer, the number of blog articles written about ‘Pokémon Go marketing lessons’ was out of control. Since Pokémon Go was so incredibly relevant, it was an easy springboard to talk about marketing strategies for any company blog. The issue is Summer 2016 came and went and now Pokémon Go has just become another fad of the past.

google trends pokemon in google trends

(Google Trends interest report for Pokémon Go, July 2016 – July 2017) 

While these posts might have been popular during the summer of 2016, there’s a good chance they’ve lost their relevance factor over time.

What’s a marketer to do? You want to write relevant content for your audience but what’s the use if it’s going to be passé in a matter of a couple of days, weeks or months? You spend good time writing blog posts, and you want them to last in relevance until the end of digital marketing’s time.

But before we get ahead of ourselves, let’s first understand relevant and evergreen content.

Relevant Content

Relevant content rocks. When done right, you tell your readers that you’re with the times, and you understand who they are, their interests, and what’s on their minds. To do that, you’ll need to do a couple of things.

  1. Understand the buyer’s journey. More than writing about the season, upcoming holiday, or latest ‘must have’ gadget, truly relevant content speaks to where your reader is in his/her buyer’s journey. Do they have a {insert your vertical here} problem they’re looking for help with? Are they looking to assess potential solutions to a known challenge? Are they ready to buy, but just not sure if you’re the best fit for them? Make sure each piece of content speaks to one of these stages in the buyer’s journey. A reader should finish a blog post and say, ”wow, that article was really on the same page as me.”
  2. Buyer persona/ vertical research. This is your chance to step into your reader’s shoes and walk around for a bit. Each buyer persona has their own unique lifestyle. Get to know their taste in movies, blogs, tech, and music. In other words, speak their language and culture. Same goes for their vertical. What else is going on in your vertical besides for the challenge that you solve? What other industry news are your prospects thinking about? If you’re shrugging your shoulders, you’ve got yourself a new research project.
  3. Seize the day. Or holiday. Or season. You get the point; time is of the essence. When you make content sensitive to the here and now, it becomes within itself a call-to-action. People want to read things while they’re still hot (but more on that later). Take-away lesson: If you call, they will follow.

relevance.png

(Courtesy of Convince and Convert)

Evergreen Content

Evergreen content is compared to an evergreen tree because it survives throughout the seasons without getting old or irrelevant. In addition to never ‘going out of style’, evergreen content is helpful because these are posts that you (and others) can link to in other posts, giving you better ranking on SERPs and positioning yourself as an authority to your readers.

B2C companies are less likely to write evergreen content because their prospects tend to have a flavor of the week when it comes to just about anything and everything. These companies work endlessly, creating timely and stylishly relevant content that will be read now and scrolled over tomorrow, with new material to take its place.

B2B companies know their personas and their challenges, and for the most part, those are consistent. So for them, evergreen content can be helpful to readers no matter when they read an article. What’s most important though is that it still sounds relevant and engaging.

So how can B2B companies write content that’s both relevant and evergreen?

Here are some hybrid relevant-evergreen content ideas:

  1. Socially evergreen content. Tools like Qzzr or Fyrebox can help you create interactive quizzes that can give readers a good laugh, insight, or uncover pain in their business strategy. These can also be used for knowledge assessments to aid readers in understanding where there might be gaps in their knowledge. From there, you can position yourself as the company that can offer advice about how to fill those gaps.
  2. Annual reporting and predicting. Time relevant blog titles like “What MarTech companies can learn from 2017” and “Upcoming digital marketing trends to watch out for in 2018” can be eye-catching. It’s important then to set yourself reminders for when the content won’t be relevant anymore, so you can reassess if you want to write follow-up articles. This is a great way to take readers on a journey through time and discuss trends in your field.
  3. Follow up on case-studies. Case studies are an excellent way to get decision makers to seriously consider the work you do and how it might be an effective solution for them. That being said, everyone likes a movie with a good sequel, so feel free to create a follow up article after the case study comes out to discuss the long term results. Give a Q&A with a client’s CEO down the line, and let them sing your praises about how you changed the way they do business.
  4. Separate the fads from the faves. So Pokémon Go’s popularity didn’t last forever, but you could have seen that coming. Before creating token trendy B2B content, consider what is popular now, and what will stay popular in the future.
  5. The right content, on the right channels. More trendy content is great for your social channels like LinkedInFacebook, or Instagram. Since these are ‘now’ mediums of information, they can be a great place to share industry news, wish followers happy holidays, and showcase new features. On your blog, try to keep your content evergreen. This is a place to add value, so make sure it does that no matter the season.

Conclusion

Whether you’re looking to build content that’s trendy, evergreen, or something in between, there’s one golden rule: all content should add value. Regardless if you’re offering them a case study or wishing them well before a national holiday, your goal is to let your followers and readers know that you’re thinking about them.

Ready to start blogging? Click below to download our Ultimate Blog Content Editing Checklist to make sure your blogs are top notch before you hit that ‘publish’ button.

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inbound marketing in the MarTech and AdTech header

Introduction – inbound marketing in the MarTech and AdTech industry

You know what they say about those who assume (if you don’t know the answer to this, ask the next thirteen-year-old you see). But let me venture a guess that you fall into a camp of people who are vaguely familiar with inbound marketing but you’re not totally sure how it all works. If in fact you’ve never heard of inbound, stick around, because I’m about to explain what it is and how it applies to the MarTech and AdTech vertical.

Where to begin? Let’s start with traditional marketing.

Marty mcFly - Back to the future

If we wind back the clock ten years to 2007, cold calling and cold emailing is the norm. The name of the game is to get yourself in front of your customers, smooth talk them through your elevator pitch, and close the deal. But here in 2017, people don’t pick up their phones if the number is unrecognizable and much of the emails we get are spam. Suddenly there’s a need for a different kind of marketing.

While traditional or outbound marketing focuses on getting your brand out there and talking about your company and what it does, inbound marketing turns that model on its head. With inbound, the goal is to drive leads to your brand on their time and create marketing content that speaks to who they are and where they stand in their journey to purchasing a product/service like yours.

There’s a good chance that last bit replaces your one question of “what is inbound?” with an assortment of new ones. “How does one drive leads? What does ‘on their time’ mean? What kind of content? How can you write content for everyone? The buyer has a journey? How does this apply for MarTech and AdTech companies specifically?” Great! We’re going to answer all those questions now.

But first, B2B marketing

Before we tackle how inbound can be used to help MarTech and AdTech companies, we first have to zoom out and talk about inbound for B2B companies vs. B2C companies. Remember before when I was talking about the need to understand where prospects are in their journey to purchasing a product? We call that trek the buyer’s journey.

In the case that I go to the mall after work because I feel like my closet could use a makeover, there’s a good chance I’ll walk into an H&M, consider a few options that peak my interest, and head to the register with the item of my choice in less than 30 minutes. Could your prospects beat my time? Probably not.

In both B2C and B2B transactions, buyers progress down the same journey. They realize they have a challenge, they consider possible solutions, and finally choose one to solve their needs. It looks like this.

buyers-journey.png

In B2B companies, the journey of awareness (of a challenge), consideration (of solutions), and decision (of a remedy) is the same. The main difference is the time it takes to move from one phase to another and the level of trust required before making a decision. B2B products typically cost more, so naturally, people will be more hesitant and will want to make sure they are choosing the right supplier and that they are in good hands.

Other things that make B2B different:

  1. With B2B, there’s also more people involved in the decision process.
  2. B2B companies have a narrower target audience. But more on that later.
  3. B2B business is not a one and done. You’re (or at least you should be) looking to build lasting relationships with your clients. By delighting them, you turn them from customers into promoters of your brand.

Inbound methodology

When you’re marketing the inbound way, the buyer’s journey is important, but how can we encourage strangers (who aren’t even aware of your brand) to travel down their journey to decide on your service/product and become lifelong supporters? Welcome to the inbound methodology!

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As a B2B business, you should ideally focus on the following:

  1. Attract – bring people to your website
  2. Convert – turn casual visitors into leads
  3. Close – sign on the dotted line and shake hands with your new clients
  4. Delight – secure clients by offering them perks, transforming them into your advocates

What guides the methodology? Content.

Now that we’ve created the framework, let’s talk about strategy. By offering them content or help for each stage in their journey, you become a mentor that accompanies them throughout. Let’s talk about the different kinds of content that can be created to help prospects at each stage of the process, positioning you as an expert of your vertical (and their challenge).

To do this, I’m going to use a fictional MarTech company I thought up called Landing Pad to use as an example. Landing Pad is a marketing conversion tool that allows companies to convert visitors to leads through unique DIY landing pages. In this scenario, the main buyer persona (or target audience) that Landing Pad is looking to attract to their website are CMOs.

Awareness

First Landing Pad will need to do some research in order to understand these personas. They’re writing content for them, so it’s important that what their writing speaks to them as people and professionals. They should brainstorm and research the kinds of challenges their buyer personas face as CMOs. Once they figure out what their persona’s main challenges are, they should research what keywords their personas are searching for on Google when trying to find a solution to their challenges. Since 57% of prospects research online before even contacting the supplier, Landing Pad’s goal should be to be there and add value for their future prospects at those early stages of research. Once they’ve done that, they should be ready to create content. With consistent (and frequent) blogging, B2B companies having almost 3X more traffic than those blogging 0-1 times per month. That being said, there’s no doubt that blog posts should be the front door to Landing Pad’s website.

Watch out: Make sure to keep the buyer’s persona in mind. It’s important to make sure your content is educational, not promotional.

Some examples of blog titles Landing Pad might use for the awareness stage:

  1. How to increase your landing page conversion rate
  2. Landing page optimization tips
  3. How to keep your leads engaged (hint: thank you pages)
  4. Tips for creating better landing pages

Are any of these blog posts going to talk about Landing Pad? Nope. We’re simply trying to educate Landing Pad’s buyer personas. If Landing Pad bombards visitors with their marketing solution’s features right away, they’ll have jumped the gun and risked scaring them off.

Quite the opposite, this is just the beginning of Landing Pad educating them.

Landing Pad will need to add a CTA (Call-to-Action) at the bottom of each post, inviting readers to download a content offer. That click is going to lead them to (my favorite marketing tool) a landing page! After filling out requested information, readers will receive their offer via email and voila! Landing Pad’s marketing team just got themselves a lead to nurture.

MarTech/ AdTech Tip: Awareness stage content is the hardest to write. You have a tech solution, so it’s hard to think out of the box when all you feel you know is your software, what it does, and how it works. Do research by talking to current clients about their larger marketing strategies to learn more about your vertical and the related challenges that exist in it.

Consideration

Consideration stage is all about offering solutions. Whether it be more blogs or eBooks or videos, this is your chance to show them what’s out there to meet their challenges and needs.

Going back to Landing Pad, this is the stage of the journey where our CMOs know they have a challenge that is related to landing pages. This is Landing Pad’s chance to educate them on all the options and solutions out there. Sure they should name drop Landing Pad, but it should not be the center of their content. They should make it clear to their prospects that they should find a solution that most suits their needs.

MarTech/ AdTech Tip: When talking about tech, think about your buyer personas. Are they millenials that advocate for new technology and are savvy enough to use it? Are they from an older generation who want more clients and results but can be hesitant to change the existing technology they’ve been using for years. By keeping your personas in mind, you can be sensitive to their personal tech capabilities and adjust your content accordingly. One more thing, offer low-tech options to consider if possible. They’ll appreciate knowing those options exist.

Decision

Finally, it’s time to talk about you. Your tech is great, and it’s time to show that off. Content to consider at this stage includes case studies, product comparisons, or live demos. Watch out, it can be tricky to not slip into a business-centric model! Remember that even at the end, this is about them and the tech and support you can offer. When listing what your software can do, be sure you’re giving them benefits over features. If you list a feature that can be responded to with a “so what?”, you’ve missed the opportunity to explain to your prospect how it meets and fulfills their needs.

MarTech/ AdTech Tip: When it comes to tech, it’s important to show your prospects how it works. If you’re running demos (or considering running demos) for your leads, do you have a standard script you use across the board? According to inbound, you have an opportunity to dive deep into the needs of your prospects — take advantage of it! Uncover challenges they have. They will likely ask, “I really wish we could X, is that something you can help us with? How would we do that using your product?”. From there, you can customize your demo to answer their questions and review other benefits you think will peak their interest. Hint: Using storytelling to aid in making the software walkthrough engaging and practical.

Conclusion

Inbound marketing is the methodology that turns strangers into brand ambassadors by continuously offering personalized content that is helpful and engaging. If you’re in the MarTech and AdTech vertical, what you’re doing is probably really cool. The issue is, techy things like software, data, and coding can be confusing or boring to people. Try to use inbound to connect with who and where your prospects are.

If you’re working on an inbound marketing strategy, we’ve created a blog editorial calendar template which we think just might make your life easier. Click below to download it.

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