marketing in recession
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Marketing in a gRecessionRecession
Mike VolpeVP Inbound Marketing
HubSpot
Ellie MirmanInbound Marketing ManagerHubSpot
Twitter: @mvolpe Twitter: @ellieeille
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How to Participate on Twitter
Step One1. Login to your Twitter accountg y2. Comment and ask questions including the hashtag “#hubspot”
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How to Participate on Twitter
Step Two1. Go to http://search.twitter.com2. Search for “#hubspot”
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Stock Market
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Recession
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Recession
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Layoffs
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Tough Times
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Challenges & Opportunities
Budget Use Brain, Cuts Not Budget
Longer S l C l
Cheap Lead N t iSales Cycles Nurturing
Lower Lead Close Rates
Generate More LeadsClose Rates More Leads
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Outbound Marketing
800-555-1234AnnoyingSalesperson
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Inbound Marketing
Blog SEO Social Mediag
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Rethinking MarketingOutbound Marketing• Telemarketing
Inbound Marketing• SEO / SEM
• Trade shows• Direct mail• Email blasts
• Blogging• Social Media• RSS• Email blasts
• Print ads• TV/radio ads
• RSS• Free tools/trials• Public Relations
Interruption Permission
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Budget vs. Brains
FlickrFlickr: Refracted Moments: Refracted Moments FlickrFlickr: : GaetoanGaetoan LeeLee
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Outbound vs. Inbound Marketing
1. Find a “targeted” list2 Call email mail the list
1. Do inbound marketing2 Attract people to your2. Call, email, mail the list
3. Most of them (97%) have no interest
2. Attract people to your business
3 Qualify out those thathave no interest4. Those that have
interest need to be
3. Qualify out those that are interested, but not a fit for you (50%)interest need to be
qualified, and sold on your company
4. Engage with those that are interested and a fit
Lots of time, effort and money wasted
Don’t waste time, effort, money on
on uninterested prospects
uninterested prospects
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Outbound Marketing
1. Find a “targeted” list2 Call email mail the list
• 10,000 people on list• Mail email call at cost2. Call, email, mail the list
3. Most of them (97%) have no interest
• Mail, email, call at cost of ~$5+ each
• $50 000 investmenthave no interest4. Those that have
interest need to be
$50,000 investment• 300 respond to this
outbound marketinginterest need to be qualified, and sold on your company
outbound marketing• 200 are qualified leads
• Cost per lead = $250
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Inbound Marketing
1. Do inbound marketing2 Attract people to your
• Software + tools ~$4K• Invest 25% of your time2. Attract people to your
business3 Qualify out those that
• Invest 25% of your time for 3 months
• 400 people download3. Qualify out those that are interested, but not a fit for you (50%)
400 people download your ebook
• 200 are qualified leads4. Engage with those that
are interested and a fit
200 are qualified leads
• Cost per lead = $20Cost per lead $20• Cost including time @
$75K per year = $45$75K per year $45 per lead
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Outbound vs. Inbound Marketing
Outbound Marketing
Inbound MarketingMarketing Marketing
Cash Cost $50,000 $4,000$ $Cash Cost per
Lead$250 $20
Time Investment
25 Hours 10‐15 Hours / Week
Total Cost perLead
$255 $45
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Budget (Outbound) vs. Brains (Inbound)
FlickrFlickr: Refracted Moments: Refracted Moments FlickrFlickr: : GaetoanGaetoan LeeLee
Outbound MarketingRich, Lazy, Boring,
Inbound MarketingCheap, Creative, Exciting
Inefficient Efficient & Effective
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Examples ofCost-Effective
Inbound Marketing
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Be Your Own Media
“Think like a p blisher”“Think like a publisher”-- David Meerman Scott
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What to Publish?
• Blogg• Podcast• Videos• Videos• Photos• Presentations• eBooks• News Releases
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Where to Publish?
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Start a TV Show
FlickrFlickr: : MattiMatti MattilaMattila
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We don’t need no stinkin’ TV network.
2,000 downloads to date,000 do o ds o d ewww.HubSpot.tv
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Promote Your Content
FlickrFlickr: : ClintJCLClintJCL
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Promote Your Content
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Promote Flattering Content
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Rethink Content
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What Content Do You Have?
Content to match b er phase and concerns• Content to match buyer phase and concerns
• Do you have content targeted to buyers in today’s economy?
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Blog
FlickrFlickr: Annie Mole: Annie Mole
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Blog
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Tips You Might Not Know
Start before o ha e a prod ct• Start before you have a product• Start before you have a website• Start before you have anything
• All you need: a rough market and some ideas
• A blog can launch a company
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Biggest Blogging Mistake
Don’t use a “free” URL from a blog service
• HubSpot.blogspot.com – NO!HubSpot typepad com NO!• HubSpot.typepad.com – NO!
• HubSpot.wordpress.com – NO!
• Blog.HubSpot.com – Yes• HubSpot.com/Blog – Yes• SmallBusinessHub.com – Yes
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Blog as Lead Nurturing
• No spam filters on RSSRSS follo s to ne jobs email doesn’t• RSS follows to new jobs, email doesn’t
• People can comment• Build a relationship with your company• Easily shared contentEasily shared content
Side benefits• Side benefits• Social media performance
S O f• SEO performance
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Q&A / Discussion Forums
FlickrFlickr: : chelmsfordpubliclibrarychelmsfordpubliclibrary
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Participate in Q&A
• FacebookDiscussionsDiscussions
• Yahoo! Answers
• LinkedInLinkedIn Q&A and DiscussionsDiscussions
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Q&A / Discussion Forums
Short tho ghtf l ans ers• Short, thoughtful answers
• Links to (your) blog and tools
• First answers are better
• Long term, long tail strategy
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Use SEO
FlickrFlickr: : ClintJCLClintJCL
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25% of SEO = On Page (Visible)
• Page Title
• URL
• H1,H2,H3 tags
• Page Text• Bold
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25% of SEO = On Page (Invisible)
• Description
• Keywords
• Alt text on images
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75% of SEO = Off Page
• Recommendations from friends1 “I know Mike Volpe”1. “I know Mike Volpe”2. “Mike Volpe is a marketing expert”3 You trust the person saying this3. You trust the person saying this
• Links are online recommendations• Links are online recommendations1. A link: www.HubSpot.com2 Anchor text: Internet Marketing2. Anchor text: Internet Marketing3. Link is from a trusted website
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Groups
FlickrFlickr: : VidiotVidiot
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Start Groups
14 000 M b14,000 Members#6 in search for “marketing”
2,100 Members
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Build a Group
• Generic Title (“Pro Marketers”)
• Invite employees, customers and friends
• Post on your blog, website, etc.Post on your blog, website, etc.
Then it spreads virally (or repeat the steps)• Then it spreads virally (or, repeat the steps)
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Manage a Group
• LinkedIn• Start discussions• Start discussions• Download email list, send newsletter
• Facebook• Start discussions• Upload photos, videos• Send updates
• Quality Content
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Traffic, Leads and CustomersVisitors from ZDNet
Visitors Leads Customers
TechCrunch 5,289 754 12
ZDNet 834 72 3
Twitter 511 28 1
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Internet Marketing Scorecard
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Budget (Outbound) vs. Brains (Inbound)
FlickrFlickr: Refracted Moments: Refracted Moments FlickrFlickr: : GaetoanGaetoan LeeLee
Outbound MarketingRich, Lazy, Boring,
Inbound MarketingCheap, Creative, Exciting
Inefficient Efficient & Effective
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Priorities
• Cut cost per leadC t lo ROI programs• Cut low ROI programs
• Cut non-lead gen activities• Improve lead quality• Increase lead generationIncrease lead generation• Focus on ROI measurement
• Use inbound marketing…
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Recession Marketing Plan
B H bSpot• Buy HubSpot• Buy “New Rules of Marketing & PR”• Buy video camera• Dedicate time to inbound marketingDedicate time to inbound marketing
Cost: $20/day for 2009• Cost: $20/day for 2009
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Thank You!
Learn more about HubSpot:Learn more about HubSpot: http://www.hubspot.com/demo
Become a Fan:Become a Fan:http://facebook.hubspot.com
Mike VolpeVP Inbound Marketing
Ellie MirmanInbound Marketing ManagerVP Inbound Marketing
Twitter: @mvolpe
Inbound Marketing Manager
Twitter: @ellieeille
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HubSpot
Inbound Marketing System
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Inbound Marketing System
SEOContent
BlogsSEO Management Blogs
SocialLandingMedia
LeadIntelligence
Pages
Intelligence
CRMCRM
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Getting Found: On-Page SEO
Keyword GraderD i h k d• Determine what keywords to optimize your pages around based on relevance, search volume, and how difficult it will be to rank on the first page of Googlefirst page of Google
• Identify critical long tail words (high conversion rates, low competition)
• Monitor your rank against competitors for each keyword/phrase
• Determine the specific page on your site that is ranking for each y gkeyword(phrase) and how to make further improvements
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Getting Found: Off-Page SEO
Link Grader• Identify opportunities to generate
more return from your existing links
• Monitor your live inbound links• Monitor your live inbound links and which inbound links are producing the most value for you
• Aggregate your competitorsAggregate your competitors inbound links to discover new link building opportunities that you have not taken advantage of
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Getting Found: SEO for Your Whole Site
Page Grader• Analyze each page of your site to
see which produce the most value for you (traffic, leads,
k d k d li k )ranked keywords, links)• Automatically recommend
improvements to optimize each f itpage of your site
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Getting Found: Blogosphere
BloggingE bl l• Enable easy, natural process to consistently update content on your site, achieve more frequent search engine crawls, and i th itimprove authority
• Develop an audience of email and RSS subscribers
• Attract more inbound links (“linkAttract more inbound links ( link bait”)
• Write keyword rich content to attract more high conversion rate traffictraffic
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Track Your Competitors
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Lead Intelligence
• Track the full path of all of your leads through your web site
• Automatically develop more intelligence around each leadintelligence around each lead (number of visits, time on site, pages visited, comments written on blog, documents downloaded, ginformation submitted via web forms created)
• Increase close rate through i d l d litimproved lead quality
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Making Better Marketing Decisions
Analytics• Integrated reports in HubSpot
software allow you to understand the effects of all your marketing
ti iti ti iactivities so you can optimize your efforts and allocate your time and money towards the programs that generate the most leads andthat generate the most leads and sales for your business
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Actionable Marketing Insights
HubFeed• HubFeed “watches” your Internet
marketing efforts and delivers highlights and actionable insights b d d tbased on your data
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HubSpot Methodology and Consulting
• Our Internet Marketing Consultants are experienced in all aspects of online marketing and specifically trained on HubSpot's products andtrained on HubSpot s products and methodologies
• Consulting sessions focus on these topics based on the specific needstopics based on the specific needs of the client
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HubSpot Training Materials and Resources
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Thank You!
Learn more about HubSpot:Learn more about HubSpot: http://www.hubspot.com/demo
Become a Fan:Become a Fan:http://facebook.hubspot.com
Mike VolpeVP Inbound Marketing
Ellie MirmanInbound Marketing ManagerVP Inbound Marketing
Twitter: @mvolpe
Inbound Marketing Manager
Twitter: @ellieeille