Inbound Marketing and Small Business Trends
I recently read Dharmesh’s and Brian Halligan’s Inbound Marketing book, which has a lot of good tips for startup companies to follow in order to maximize their online reach and popularity. Many of the tips are pretty obvious: start a blog, get people linking to you, build a following on twitter. But there are some that are pretty easy to overlook, and at the end of the book is a very good appendix that is a checklist for any startup or small business to follow.
One of the key points that describes the importance of Inbound Marketing, is that it is difficult for your competitors to one-up. First, let me explain that inbound marketing differs from outbound in that you are helping customers who may be looking for you or a service like yours, rather than reaching out to potential customers and interrupting them during whatever they’re doing and trying to drag them to your site. There was a great quote from Dharmesh that actually prompted me to buy this book:
With Pay-Per-Click…You’re basically at the mercy of the stupidest market entrant.
If the only reason people are coming to your web site is because you spend a lot on advertising, and in particular, on PPC advertising, you have no barrier to entry protecting you from competitors. In fact, the more efficiently you tweak your PPC keywords to ensure you’re getting a great ROI out of them, the more vulnerable you are to a stupid new competitor who has no idea what these keywords should be worth, but who has a pile of venture capital cash to spend building initial market share. When this happens, the effect will be instantaneous, and without warning.
With inbound marketing, on the other hand, over time you build compelling content and spread the word about this content via social networks like your own blog, twitter, youtube, facebook, etc. Over time, you amass a large amount of such content, as well as a large following of customers and fans who make up your community. If a new player enters the market, whether they spend a bunch of money on ads or a bunch of effort building up their own inbound marketing efforts, you will see them coming. The effects will not happen overnight, and any advances they make on your market share will be gradual and hard-fought.
I had a chance to hear Anita Campbell speak last night in Hudson, Ohio, where the agile consulting company I founded has its offices. Her presentation was on “2010 Small Business Trends and Opportunities” and included a lot of good information that related to the idea of inbound marketing, I thought. She also recommend a couple of other books I’ll probably pick up: The Social Media Bible and The New Community Rules.
Anita also talked about a few different sites that I want to check out (so this is sort of my own notes-to-self to follow up on):
- PointBanner.com – custom banner design, simply and easily.
- Knowem.com – search over 350 social media sites for your company/brand/user name to see if it is available. For a fee, they’ll register/signup the username on the sites for you.
- GetListed.org – Check local listings for your business, add it to local listings. Great for businesses with a physical address.
- SBA – Government Contracting How-To – Site with courses on getting started on government contracts
- Register in Government Contractor Database – What it sounds like.
- Retargeter – ads on popular sites that redirect your own users back to your site, for a flat monthly fee.
While I’m listing resources, another couple that are good from the Inbound Marketing book are:
- Website Grader – Generates an SEO report for your web site with optional comparison to competitors.
- Twitter Grader – Same idea, but for twitter.
The book recommends, and I agree, tracking key individuals’ and your company’s results on a somewhat regular basis, so you can see whether you are improving. You should track things like your twitter followers, inbound links, total indexed pages on your web site, etc. and chart them over time (perhaps relative to your competitors) so you know if your social/inbound marketing efforts are succeeding with some concrete results. Here’s an example twitter grader result:
Another trend for small businesses is the use of cloud and third-party services to support the business. For instance, it’s very popular now to get customer feedback via a third party service like UserVoice or GetSatisfaction. Need to track customers and leads? Many businesses love to hate SalesForce.com. Need a blog? There are plenty to choose from. Help desk? Check out ZenDesk.com. Customer surveys? Try SurveyMonkey.com. Planning for an event? Try EventBrite, which I use to organize the monthly Hudson Software Craftsmanship meetings. Need a newsletter? Try ConstantContact. Whereas a few years ago businesses would invest a lot of time into building these features themselves, today you can easily outsource these commodity functions to third party sites that focus exclusively on this problem, leaving you to focus on your core business.




Comments
Marty Diamond said on 04 Feb 2010 at 6:57 PM
Great review - I'm going to buy the book - small business are in a unique position to capitalize on what's going on in social media, but only if they take advantage of the tools that are available to them.
Robert said on 05 Feb 2010 at 6:03 AM
Small business
With Facebook and Twitter being among the leaders of the Social networks, marketing as a small business is being transformed..
Respondents according to the Vertical Response survey appear to need some differentiation with the use of SE marketing and Social media Marketing………
<a href="www.onlineuniversalwork.com">www.onlineuniversalwork.com</a>
Anita Campbell said on 05 Feb 2010 at 10:11 AM
Steve, it was such a pleasure to meet you on Wednesday evening. And what a nice surprise that you wrote about it, too. Inbound Marketing is definitely worth reading.
I've watched Dharmesh and the rest of the crew at Hubspot grow their business, and it's been a thing of beauty to see. They provide lots of great resources for small businesses.
- Anita
Dale Berkebile said on 05 Feb 2010 at 3:13 PM
Steve,
I also have read this book and found it to be excellent. I personally have been see huge success with Inbound Marketing over the last 8 months or so. We are getting more leads now than we have in the 10 years that I've run my firm. Our reputation is building over time and it will be interesting to see how things play out with our competitors over the next few years.
Great article, keep posting!
Brandon R Allen said on 05 Feb 2010 at 3:39 PM
Thanks for sharing. Hubspot has some great tools available to analyze how you are doing. I also enjoyed the list. Definitely a couple of things on there that I will check out.
Computer Forum said on 05 Feb 2010 at 6:27 PM
When you think about small business marketing nowadays people first lookup at facebook and twitter rather than moving in for PPC. There are lot other things I learnt here like the website grader stuff
Sarah Mitchell said on 05 Feb 2010 at 9:18 PM
Hi Steve,
Thanks so much for your post packed with content and loads of tactical ideas for gaining influence with prospective customers. I particularly like the Hubspot Twitter Grader and Website Grader. I use them both. I can also recommend their Gobbledygook Grader to ensure the content you're producing is of high quality.
Keep up the great work.
Robert said on 08 Feb 2010 at 5:37 AM
Small business
Small Business owners are largely forgotten. Thats why I only focus on them. I have experience several members of my family file bankruptcy due to small business failures. I also I suffered through 2 destroyed businesses due to failure however, in my failings I have learned some of the secrets to success. (Who can say they know it all?)
What I like about small business owners is that they are not afraid to take huge risks and lay it all on the line. But, I agree they do need a lot of help with their marketing. I think having them go the social media and email route is not only the least expensive but its also the most effective. Thanks for the stats!
<a href="www.onlineuniversalwork.com">www.onlineuniversalwork.com</a>