Structuring Your Digital Marketing Channels

Last week Marketing Sherpa, with sponsorship by Marketo, presented a webinar on inbound marketing architecture. I found it thoughtful and informative and I’d encourage you to download the presentation.

That said, the webinar dealt only with the three inbound channels. Blogs and social media seem unarguable in that list. Some, like HubSpot, call content marketing the third channel, while Marketing Sherpa’s research used organic search as the third channel. When you stop to think about it, content marketing requires optimization of both content and website for organic search, so it adds up to three channels, whichever descriptors you use.



They identify blogs and the website as conversion points. The actual conversion/sale will take place on the website, but blogs can be highly influential in the later stages of the customer purchase process. A recent study suggests this is especially true of women consumers. In this sense, both the website and the corporate blog are conversion points. For that matter, so are other influential (trusted) blogs.

 

As long as you limit yourself to inbound channels, the Marketing Sherpa architecture hits the nail squarely on the head. The trouble is, and in spite of the well documented continuing shift to inbound channels, there are other channels to be considered as marketers identify and integrate their communications mix.

I’ve crafted my own version, sticking with the hub and spoke structure, which I think is essential. For one thing, it answers a question I’m frequently asked, “Can I get along with just a Facebook page?” Absolutely not. It’s one of the spokes, not a hub.

My version includes email, although it doesn’t show up in any of these cost of lead charts. Email isn’t a good lead generator, but it does have influence in the latter stages of the purchase process. It is also reasonable to hypothesize that email and text messaging are going to be more important as mobile continues its growth. Likewise, even though many are more expensive and less effective than digital channels, real world channels still figure into the process.

All that  is a reminder of the complexity of the process. It’s a matrix, with one dimension being customer channel preferences and another being channel effectiveness, given the state in the purchase process.

So I herald the trend to inbound marketing, even as marketers:

1. Need to learn to use it well
2. Must remember that outbound and physical world channels still have a role.

Using the Marketing Funnel to Drive Marketing Action

The concept of inbound marketing has caught on, and one of today’s mantras is, “We’re going to do content marketing.” That sounds a lot easier than it is; there are a number of disciplines to be followed if content marketing is to be successful. But lately I’ve been struck by the extent to which marketers fail to use the marketing funnel as one of those disciplines.

We are all familiar with the concept of the funnel, both as a strategy concept and as a way to report metrics. SEOmoz has a good generic concept, one which parallels the consumer purchase process and is an excellent beginning. Awareness shows that funnels can become complex by setting a social marketing funnel on top of the classic marketing funnel.

The very idea of a funnel, of course, is that many prospects are acquired, some drop out along the way, a smaller number convert to actual customers and once they are customers, they need to be retained. The concept seems impeccable, but I see two big problems in the way it is being used.

1. The assumption that marketers want to get as many prospects as possible into the top of the funnel. Are they getting more than they can properly handle in qualification and conversion processes? This may be more a problem in B2B where qualification is labor intensive than in B2C, but unqualified prospects are a problem in any space. The more unqualified prospects there are the more filtering has to be done, whether they are businesses or consumers. More is not necessarily better—it is just more.

I remember a story told to me long ago by a direct marketing agency. They had a client who needed a really small number of qualified leads, say 10 per month, because that’s all their service operation could handle. The marketer’s point was that it was harder to get a finite number of well qualified leads than a lot of leads. Amen.    

2. Not using the funnel to reverse engineer the acquisitions plan. It seems obvious, but if you need a certain number of customers to meet sales goals, and you have a known conversion rate, that is a simple model of how many acquisitions you need.

That also makes the point that a funnel is not just a concept. It is a model that needs to be quantified for each business—probably for each product or at least product line. Given the data marketers have today, that really isn’t a tall order.

But it does require discipline to create the model and to use it to guide marketing activities—turning up the throttle when needed, turning it down as required.

That should lead to a steady flow of sales. From the marketer’s perspective it should provide a number of prospects that can be given appropriate attention in the conversion process. That’s a well ordered and productive funnel, not one that is prone to unmanageable torrents and dangerous shortfalls.

That’s a well ordered and productive funnel, not one that is prone to unmanageable torrents and dangerous shortfalls.

How to Make Your Inbound Marketing Work

Ed Note: We've had many great speakers in this spring's Social Media Marketing course. I've blogged about some of their messages. Jeff Dunn, who in his other life is the Web Coordinator at Harvard Law School, did such a good job with this one I asked permission to post a shortened version. You can see the full post on his blog.

Dharmesh Shah (@dharmesh, VentureBeat, LinkedIn, Amazon) is a whirlwind speaker with an obvious love for what he does. Despite Dharmesh’s claim that he is not a gifted speaker or marketer, his presentation in our social media marketing class was fantastic. His body language may have shown that he was a bit uncomfortable (holding an arm behind his back while staring at the ground) but his language and presentation zoomed along at a frenetic pace. I found myself scribbling keywords and shorthand notes just to keep up with the great wisdom that was being imparted upon me and the rest of the class. A self-proclaimed “hackpreneur,” Dharmesh (I use his first name because I feel comfortable doing so after his friendly presentation) says he has earned this title because he stays up late at night (often until 2am or so) writing code and wearing his Chief Technology Officer hat for HubSpot. He is also the co-founder of HubSpot, thus the entrepreneur part of his “hackpreneur” title.



“Everyone and every business should blog.”

Dharmesh had some great nuggets of information that rang true as I thought about them after the presentation. I was far too busy trying to scribble down these gems and didn’t have enough time to digest them. When discussing who should blog, it was clear who Dharmesh thinks should take part. I agree with the caveat that everyone should be willing to put in the effort to have a relatively steady stream of useful content. Thanks to the latest web technologies, you can start a blog and have it filled with gossip and pictures in under a few minutes. (Visit wordpress.com to see how!)

“Talk about the industry’s issues, not your solution.”

I really love this one. There are too many websites out there devoted to their own personal fix for their specific industry’s problems. If you want to really have a site that gets traction by engaging your audience in something they can also participate in. You’re not going to get a very engaged audience if you offer your solution for something without giving others a chance to offer their solution as well.

“Non-profits should be benefiting from causes, not for-profits!”

This is a sad-but-true quote we really enjoyed. It’s hard to deny that companies like Starbucks have really had a bigger impact on raising funds for charities and causes. I understand that this is because companies typically have more infrastructure (financial and personnel) to make these types of campaigns actually work, but the Internet is supposedly leveling the playing field for everyone. Let’s hope causes and charities can come up with some more interactive and viral (we hate that term viral but it applies here) campaigns that generate some real interest.

“Measure what works, what doesn’t, then double down.”

This one’s pretty self-explanatory and deserves to be put in super duper bold letters here. Being successful in marketing, especially social media marketing, is all about taking risks and figuring out what works. When you don’t do both of these things, you’re destined for failure. While it’s very hard to measure what works, there are ways. In fact, HubSpot has so many Graders like TwitterGrader and WebsiteGrader, they’re already on the bleeding edge of figuring out how to measure what works and what does not.

“Remove the friction in marketing.”

Making it easy for someone to actually purchase stuff, sign up for something, or just take part in any way is something that would seem like a no brainer. Sadly, it’s not. Many places spend all their time and effort raising interest in their website…only to find users get confused and leave the site, never to return.

“Kittens always work.”

Dharmesh’s presentation featured slides with interesting images and very little text on the screen. This is my favorite style of creating presentations since it allows the audience to focus on what you’re saying, not reading tiny print on a screen. No one remembers the fine print anyway. Dharmesh’s presentation had a picture of a kitten and it got a bit of laughter…to which Dharmesh replied that kittens always work. Everyone seems to love them and have the same reaction to them.

“Even normal people use Twitter now.”

In its infancy (just a couple years ago), Twitter was a way for a small number of people to micro-blog. It has slowly been able to begin shedding this reputation after it got embraced by celebrities and Facebook users. Facebook went through a similar reputation issue but has now actually been embraced by middle-aged women (another point brought up by Dharmesh). So when asked if its worth using Twitter, you can simply reply using Dharmesh’s words: even normal people use Twitter. He even has the proof over at HubSpot. Dharmesh says that Twitter has been delivering “real dollars into the door.”

“It’s not about the number of followers. It’s about having people who listen. I’d rather have 50 active people than 5,000 deaf followers.”

I absolutely agree. A couple years ago, I started the @Harvard_Law Twitter account (it has a 99.8 Twitter Grader ranking) with a very small but attentive audience. The non-academic world seemed to be clamoring for any news about what’s happening inside the walls of Harvard. The follower count for the account was not enormous, still isn’t, but it’s obtained a very attentive and vocal following who are happy to @mention, DM, or retweet any question or update posted on the account. Dharmesh has a great point and it’s not an easy task to cultivate a high quality following. It happens over time. It took nearly a year and a half to develop a devoted fan base for me.

“Tweet and retweet from 1pm to 5pm”

HubSpot is all about data. They have examined the best times to tweet something and have it noticed. That time period is any weekday from 1pm to 5pm. That’s why this post was published around 2pm on a Monday, one of the busiest times on the Internet. People seem to be bored at work or just back from lunch, not ready to embrace the week.

“The more you tweet about yourself, the less others will.”

If Ashton Kutcher weren’t a celebrity, would anyone be following him? Dharmesh makes a great point that, from a marketing perspective, it’s all about engaging the audience. It’s hard to feel engaged when someone is tweeting about something you can’t relate to. If, instead, that person were writing about their passion for a broader subject, it’s more likely to engage followers. I personally think people need to stick with their preferred style of tweeting since followers will notice if your style has changed. Just ask @ComcastCares, the account who people revolted against when the main administrator went on vacation and put someone else in charge!

“When you’re getting star talent, you’re renting not buying.”

Dharmesh understands the world of obtaining the best and brightest for his business. There are so many options in the world of technology that it is very hard to make someone’s job everything they could ever want. Dharmesh elaborated on this point, saying that “nothing is forever” and that it’s important to keep in mind who owns what when it comes to employees. For example, does HubSpot own an employee’s personal Twitter account? Of course not. Was it used to promote HubSpot? Probably. It’s a tricky situation and not something to ignore.

“Google Buzz was a data play to head off Facebook.”

It really doesn’t matter if Google Buzz overtakes Facebook. It will probably never happen. The reason Google introduced Buzz was so they could get at the tremendous amount of data currently hidden behind Facebook’s server walls. This way, Google can get a taste of what their users are doing socially and not just on GMail, Docs, etc.
Conclusion

I enjoyed Dharmesh’s presentation and was so amped afterwards that I posted a job listing I would have loved to apply to. I am happily employed and doing this blog in my spare time (not much these days!). If you’re interested in working for someone like Dharmesh, check out the posting. In the meantime, there is a lot of info out there about Dharmesh, HubSpot, and social media. Happy surfing!

Now It's "Inbound Marketing?"

I’ve found myself several times lately explaining (with an exaggerated air of patience) that now many people are referring to “Inbound Marketing.” I hear the term frequently, although Hubspot whose blog has that title, might like to lay claim to inventing it. In any event; they have a good post that gives their definition. Mine is simple. It’s necessary to get your message OUT to your target audience—wherever they are these days, and use those messages to bring people to your website to do whatever you want them to do there.

Is Inbound Marketing the new marketing paradigm? It well may be. Take a look at this chart from Hubspot. They characterize the outbound side as a sledge hammer, the inbound side as a magnet, and that a great communications metaphor. Look at that chart from a business perspective. Everything until you get to email (the only digital entry, you’ll notice) is expensive — some of it terribly expensive. On the inbound side, much is low in direct costs, although not low in expenditure of time. The exception on the inbound side is SEO. A lot of visibility is free—think tagging your blog posts. Some is relatively low cost; with PPC ads you only pay for the clicks you get. Website (and maybe blog) optimization can be quite expensive, primarily because it takes a professional to do real SEO. But note that there are other routes to visibility, a broader term. And in terms of email, it’s really outbound/inbound. Email links bring people to your site to take action.

I was also struck by Jeremiah Owyang’s recent post on organizing for social media. His hub-and-spoke concept was reminiscent of my metrics conceptualization, although in a different content.

So put these concepts together and what do you get? My concept of inbound marketing!

The spokes are meant to be categorizations, not a complete description of what’s out there. Take social networks, for example. I didn’t have room for MySpace, LinkedIn and many other popular socnets, so I just settled for “etc.” There are a lot of “etcs” in other categories also.

The strategy imperative is clear. No business can sit back and wait for customers to come. Without at least search visibility, they won’t. Firms have to get their message out to where potential customers are—remember the quote about teens and newspapers yesterday? These short messages have to be appealing enough to entice people to the website (or a blog can be a hub also) for additional information that will incite them to the desired action.

All of that shouts STRATEGY!!! None of this is going to happen by accident. If you’re still at the “we should have a Facebook page” stage, back off and develop an Inbound Marketing strategy that fits your target audience and your marketing objectives.

It will be time well spent!