The Benefits Of Outsourcing Inbound Marketing Projects
May 13, 2016
10 min read
Table of contents
Projects, especially in the marketing department, are demanding and expensive. Many a time you will find that you have more than one project to handle. This only slows down the department and the whole company eventually. This can easily be solved by outsourcing some of your inbound projects to other companies.
Outsourcing projects will present you with lots of benefits.
Talent Access
The biggest benefit of outsourcing your marketing projects is that you will be able to access so many talents at once. Unlike your marketing department that only has a few personnel, the marketing company you outsource to is fully equipped for this. That is, they have personnel particularly dedicated to marketing and nothing else. As a result, they have more personnel specialized in different areas of marketing thus making them much more efficient. Depending on what your project is about, you will get the best assigned to that project and the result at the end of it all will simply dazzle you.
Experience
Not that your marketing department does not have the necessary experience, by experience I mean the experience gathered by dealing with different project at different times. The company you are outsourcing to deals with many projects in a week. They have dealt with different companies, tried different methods and saw the outcomes they bring. As a result, this experience gives them the ability to determine the best method of carrying out the project to ensure that it yields the best results. This experience also makes it possible for the company you’ve outsourced to to handle the project in the least time possible.
Cost Effective
Outsourcing is cheap in every sense.The fact that it’s not your marketing department getting involved directly, you save a lot. First of all, you save on time. As the project is being handled by a different team, your team gets to focus on something else. You also save in terms of money. The company you outsource to will ensure the money you spend on the project is minimized.
Since these companies compete for the outsourcing projects, therefore, they are constantly looking for ways to minimize the cost and still make their means efficient. This makes the whole project cheaper that it would have been if it was your marketing department handling it.
The beauty of outsourcing projects is that you don’t even have to be in the same country or continent. As long as you have internet and phones, you can outsource from anywhere in the world. For instance, if you are in the US, you can easily outsource your marketing projects to a companies in APAC regions.
There so many inbound marketing team to choose from and the service would be up to the task cheaper and even way better than in the US. You will have the quality results you are looking for at a price you can comfortably pay. During the project, you can communicate with the company you outsourced to via the internet or through phone calls.
What Are The Benefits of CRM? How Is CRM Different From Marketing Automation?
CRM or Customer Relation Management is the automated process that efficiently manages the business relationship between you and your customers- present and prospective leads. With a clear-cut objective of enhancing how the business meets its customers, the concept of CRM enables you to understand your consumer base to streamline the product purchase process and promote customer loyalty and brand credibility aspects. The primary role of administering CRM policies into your business operations is to achieve better customer satisfaction statistics because customer loyalty plays an imperative role in upscaling or reducing the revenue numbers of your firm. Source: Pexels A survey from 2018 said that 16% of the organizations in the USA had considered delivery of real-time consumer interactions across touchpoints as effective. It shows that organizations were keen to use CRM technology. With the accelerating growth in the business industry, the need to anticipate customer behavior and interact with them is of utmost significance now. CRM technology majorly includes policies, practice rules, and guidelines that frame governing standards on communicating with identities- customers, employees, departmental suppliers, and everyone linked with the business. Luckily, CRM technology is not department-specific, which means every division of your business can establish and avail the benefits of CRM to boost the firm's overall revenues. Many global companies say that technologies like CRM help them to ensure a good customer experience. They consider it to be a key driver behind their digital transformation. An interesting fact about CRM is that its global market has had an estimated USD 43.7 billion in the last year. Researchers say the value shall increase exceedingly in the coming years. While CRM provides an easy way to store the data regarding your current customers and potential leads, lead-transformation opportunities, campaign details, and sales figures, the best thing to know about it is its easy to access by your company. With direct access to more information about customer conversions and sales stats, your management can make better growth decisions and lead with productivity amongst the rivals. Advantages Of CRM In today's time, your business should aim to make the most of customer relationship management technology to improve what you have with your existing customers and acquire new prospects with the proper means. The following are some of the prime advantages of implementing CRM technology in your business 1. Eases The Discovery Of New And Right Customer The primary advantage of a CRM application is that it allows your business to target and acquire new customers. One can accomplish it by following a customer persona or tapping the existing customer's profile description to anticipate your target customer. CRM technology uses lead-identification tools to realize the appropriate target and further nurture them till they're ready for sales, thus increasing the conversion rate, The identification of new customers, CRM also aids the nurturing of the existing customers that are a vital part of business growth. Your business needs to maintain the same relationship with the current customers, ensuring trust-building and flourishing with time. In addition, when your business gets the correct information about customer background via CRM, it becomes easy for your sales department to focus on conversions and client building. Source: Pexels 2. Making Sales and Marketing Services Simple Another significant benefit of using customer relationship management technology in your business is how simpler it makes the sales and marketing functions, resulting in effective customer communication. Moreover, the tech system facilitates efficiency on the different communication channels to ensure that customers do not wait for your response. For instance, marketing automation that uses autoresponders to communicate with the users can benefit the CRM system. 3. Personalized Approach With Technology CRM allows you to take charge and store the consumer data, sales figures, and mostly every information about each business component so the management can make personalized outreach possible. As you get routine insights about your customer's interests, it becomes efficient for your business to tap on one-on-one communication and design campaigns with marketing automation tools. For instance, if your prospective customer searches for your product/service, it is a great time to facilitate drip marketing campaigns that include user-specific informative emails rather than generic ones. By triggering these actions, your business earns a spot at being relevant and providing what the customers want. Critical Differences Between CRM and Marketing Automation Tools While many people consider CRM and Marketing Automation as one concept, it is highly recommended to blend both in your managerial decisions. Nevertheless, CRM and marketing automation do serve different purposes in a business. Let's have a closer look at it: Who Uses It? While customer relationship management technology is used by your business' sales department to feasibly operate and generate consumer leads, the other technology, i.e., marketing automation, is majorly handled by the marketing department. They streamline repetitive communication tasks with existing customers and new prospects. It is essential to identify the areas where your business can deploy both the concepts, such as CRM and Marketing Automation, both help acquire customer-related information and insights. Source: Pexels Why It Is Used? The prime difference between CRM and Marketing Automation is what functions they perform. The former technology helps provide insightful information to your sales team to connect with the right customer with the right content. On the other hand, Marketing Automation allows your business to eliminate human-made errors by deploying software to perform marketing tasks. It is put into use by your marketing team to run effective campaigns for generating quality leads and publicity. Business Goal Here, Marketing Automation and CRM somehow depend upon each other and work in harmony. The former's objective is to bring in quality leads and provide them to the latter, the sales team. Obtaining quality leads might be the first step that your business does with the help of Marketing Automation; however, the next step is to transform and nurture those sales-ready leads into business customers via CRM. Having that said, if your business wants to integrate sales and marketing functions with the help of the latest tech tools like CRM and Marketing Automation, then you've reached the right page. Saffron Tech provides exceptional services that incorporate components of CRM and MA to support your business functions. Our firm grip on our clients' expectations helps us analyze, predict, and design scalable campaigns. Are you interested? Visit our website and schedule an appointment with just a click! ...
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Why Is A+ Content Only Effective for Amazon-registered Brands for Generating Conversions?
One of the foundations of any effective marketing strategy is visibility, which may seem like an obvious item to work on. However, we don't merely mean more people on the road. We're not just talking about sales. And we're not just talking about content creation here. We're talking about a level of exposure that highlights your product line, brand, and story. A+ content, one of the most valuable features for sellers, might help you reach that visibility. So, A+ content, what's it all about, then? What do you do with it? Before commencing your Amazon sales plan, why do you need to assess this? Let’s get answers to all these questions through this blog post. What Is Amazon A+ Content? Brand owners can use Amazon A+ content to augment their product descriptions with images and videos to express their brand's narrative. It might include: Charts comparing the strengths and weaknesses of competitors HD Images High-Quality Videos Vendors can use rich text, videos, and graphics in their ASIN product descriptions with the A+ content, making it a premium content function. One should include enriched multimedia content to increase traffic to listings. Simply put, it's going above the typical content that sellers often produce to ensure that a potential buyer better knows the product features and has a more sophisticated online purchasing experience. What Does Amazon A+ Content Consist Of? Typically speaking, this is what you'll find on an A+ content page: Multiple, varied product images, including close-ups, diverse viewpoints, and additional lifestyle shots A concise but informative product introduction. It can be as short as 100 words. A brief and visually appealing list of bullet points; each of them communicates the product's advantages to the buyer The product's features, characteristics, and benefits explained in concise paragraphs with clear, scannable headings "What's in the box" section deals with the product's components in order to inform the customers about what they are purchasing Another set of features includes 360° product views, a matrix (comparison chart), and films for cross-selling products in the same family A+ Content: How Can It Help You Increase Conversions? One can put Amazon A+ content to good use in various ways. Let's have a look at some instances of effective content strategies: 1. Make Your Product's Unique Selling Point the Show Star by Highlighting Its Benefits Content marketing should always focus on the product's benefits to customers - what problem does your product address and solve? This is true for all forms of content marketing. A+ Content's supplementary images and text are ideal for showcasing what makes your product unique and effective. 2. Provide Customers with the Information They Need to Make an Informed Purchasing Decision Many buyers are eager to learn as much as possible about a product they plan to spend a significant amount of money on. The more information you can provide on your product, the more useful it will be for your customers to make an informed buying decision. a. When individuals realize that your product is exactly what they've been looking for, it significantly speeds up the purchasing process. b. Individuals can better moderate their expectations because they know what they are specifically purchasing. 3. Make Your Information Simpler to Understand by Breaking It Down This is true for items with a wide range of features and functions that can address many problems simultaneously. Through videos, photos, and focused content, buyers can better understand the features and benefits of these items. Breaking a large piece of content into shorter sections will help them comprehend everything easily. 4. Identify and Respond to the Most Frequently Asked Queries from Customers Checking over your product listing's question, review, and comment sections might help you develop ideas for Amazon's Enhanced Brand Content. You may give your consumers the impression that their worries are being considered and addressed timely through A+ content, which resolves their issues visually and engagingly. 5. Fight Counterfeiting When you bring out high-quality A+ content, you'll be seen as an authority in your field. Because your customers are familiar with your brand, they are less likely to purchase a counterfeit version of your goods. 6. A Tried-and-True Method of Promoting You might have noticed that most of Amazon A+'s content resembles a traditional brochure. This isn't a fluke, is it? The platform can now experiment with new color schemes, layouts, and other marketing methods that have been around for decades without being constrained by the linguistic restrictions that Amazon previously imposed on listings. 7. Create a Product That Stands Out from the Rest Amazon is a crowded market with many options, including sellers or products. Every business tries to influence its audience through the best content and marketing strategy possible. In that case, using Amazon A+ Content is one of the only methods to stand out from the pack regarding content marketing. Adding Amazon EBC to your product listings can also help you reduce some of the Amazon advertisements that appear on your product pages, ensuring that shoppers aren't distracted by the competition. Pro Tip: This is where the Comparison Chart Module comes in handy. You can use this module to show different products from your range if the current listing does not meet the customer's needs, thereby preventing them from purchasing from another seller. However, keep in mind that this isn't always the situation. Even though you have provided a comparison chart of your own products, Amazon can still include a comparison with other products. However, the buyer will have to scroll down for a long time to get to that, increasing their time looking at your products. 8. Use Amazon EBC to Communicate Your Brand Story Although price is an important consideration, a well-crafted and compelling brand story can significantly impact the outcome of a transaction. Whether your company has been around for centuries or aiding impoverished communities, you would always want to inform your customers about it! – A strong brand story communicates your company's core beliefs while assuring customers of your products' quality. It's critical to help customers better understand your brand, especially if your products are expensive and competing on a platform recognized for its deals. 9. Boost Consumer Engagement Even if internet purchasing has become commonplace, there is still no face-to-face interaction between the customer and the goods. Consider purchasing a new refrigerator online. There is no way to open the door, take out all of the drawers, check the freezer, and ensure that all of your storage boxes will fit in the new refrigerator you are considering purchasing (just as you would in an actual store). However, images and videos can create an experience that puts the buyer as close as possible to the product without having it physically there. Consequently, a unique engagement is made that is not feasible with typical product listings. Conclusion It would be hard to argue that A+ content is one of the best strategies to attract more customers and boost sales. It is a great method to set yourself apart from the competition and increase sales. However, knowledge and experience are all that is required. And if you feel you lack in the area, do not worry, as our digital marketing experts are available to help you develop and design the A+ content for your products for better reach and engagement. ...
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Building Your SaaS Marketing Budget In 2024
In the Software as a Service (SaaS) industry, a well-developed and researched marketing budget is like the North Star, guiding companies through the complex journey of growth and innovation. According to a report by Statista, the global SaaS market is projected to reach 232 billion U.S. dollars by 2024. As we stand on the end of 2023, the SaaS market is brimming with anticipation, poised for transformative shifts driven by more innovations, dynamic market forces, and ever-changing consumer behaviors. After hitting historic lows in 2021, marketing budgets as a percentage of company revenue have shown a noticeable uptick in 2022, rising from 6.4% to 9.5%. However, it's worth noting that they have yet to recover to pre-pandemic spending levels fully. Irrespective of whether you are an experienced industry player or a newcomer, the significance of a robust saas marketingbudget cannot be overstated. It's more than a financial blueprint; it's the strategic blueprint that aligns with your brand's identity, resonates with your target audience, and fuels your aspirations for expansion. This article will help you evaluate and understand the art and science of making a b2b saas marketing budget specifically tailored to your unique business needs. We have assembled insights from different industry leaders and dissected the prevailing market trends to equip you with the tools necessary to construct a budget that not only exudes professionalism but is poised for resounding success in your digital marketing SaaS journey in 2024. So, let’s start with the budgeting aspect of your business! What Is SaaS Marketing Budget? A SaaS marketing budget is the money set aside for all the marketing activities of a Software as a Service (SaaS) product or service. This budget covers things like online ads, creating content, social media campaigns, email marketing, and more. It's all about getting the word out, attracting customers, and growing the business. The budget lays out how much money goes into each marketing activity, where to focus efforts, and what results to expect. This helps ensure that marketing efforts match the company's overall goals, keeps spending in check, and measures what's working. The actual budget amount can vary from one SaaS company to another, depending on factors like company size, industry, competition, and resources. It's a way for SaaS companies to plan and manage their marketing spending, balancing customer acquisition and retention for success in the SaaS world. Why Do You Need A SaaS Marketing Budget? For any SaaS business, having a well-planned marketing budget is the foundation of their success. Some of the reasons why a B2B SaaS marketing budget is important are as follows: Measuring Returns: An essential component of your marketing budget is the measurement of Marketing Return on Investment (ROI). ROI is a critical metric that tracks the returns generated from your marketing campaigns. Marketing departments diligently monitor ROI, evaluating the effectiveness of each campaign. If a particular channel or campaign yields a high ROI, your marketing budget can be adjusted to allocate more resources to that area, facilitating achieving your revenue goals. For instance, if monthly revenue from a paid advertising channel is upward, you may consider increasing spending on it to capitalize on the success. Strategic Planning: A SaaS marketing budget is the blueprint for all your marketing activities. It provides the structure for your marketing plan and outlines where resources will be allocated. Generally, companies make an annual budget, which is a dynamic document subject to ongoing evaluation and adaptation based on performance. Resource Allocation: A marketing budget empowers you to allocate resources judiciously across various marketing initiatives. It ensures that each aspect of your marketing plan receives the appropriate level of investment to maximize results. Whether it's content marketing, SEO, paid advertising, or social media, a well-structured budget enables you to distribute resources according to your strategic priorities. A B2B SaaS marketing budget is more than just a financial plan; it's your strategic compass for the year, enabling you to steer your marketing efforts toward profitability, efficiency, and success. How Much Do SaaS Companies Spend On Marketing? A SaaS company needs to understand the allocation of marketing budgets within the SaaS industry is a key consideration. SaaS companies commonly allocate a significant portion of their annual budget to marketing activities. However, it is essential to recognize that the precise allocation varies, contingent on several factors, including the company's growth strategies and the methods they employ to track financial expenditures. This variability can make direct comparisons between different SaaS companies a complex endeavor. To gain a more comprehensive perspective, let's get straight into the budget allocation for equity-backed and bootstrapped B2B companies: Bootstrapped businesses often allocate a portion of their budget to marketing efforts. This allocation usually works in tandem with their sales activities. Equity-backed companies demonstrate a notable emphasis on marketing within their budget distribution. Much of their budget is directed towards sales and marketing activities, specifically boosting their marketing initiatives. These diverse budget distribution patterns reflect common practices within the SaaS industry. You need to recognize that various internal and external factors influence these allocations, including the company's growth trajectory and financial resources. You can also refer to the source of this information for a more in-depth understanding and detailed insights into these budget allocations. This analysis underscores the significance of marketing investments in driving growth and success in the SaaS industry. How To Determine The Available Budget? Determining the available budget for your saas marketing strategy efforts is a critical step that requires a well-thought-out approach. Here's a breakdown of the key considerations: LTV-CAC Ratio (Lifetime Value to Customer Acquisition Cost): This ratio measures the relationship between the lifetime value of a customer and the cost incurred in acquiring that customer. A higher LTV-CAC ratio, indicating that the revenue generated from a customer exceeds the cost of acquiring them, is a positive sign for your marketing budget. It assesses the efficiency of customer acquisition efforts and is pivotal for budget allocation decisions, reflecting the sustainability and profitability of your business. MRR (Monthly Recurring Revenue): MRR is a key financial metric in the SaaS industry. It represents the revenue generated from subscription-based customers on a monthly basis. This metric is considered "recurring" because it reflects the monthly revenue you expect to receive. It plays a crucial role in SaaS financial planning because it provides a stable and predictable income stream. An increase in MRR typically indicates that you are adding new customers or upselling existing ones, whereas a decrease may signify customer churn or downgrades. MRR is instrumental in drawing out your company's revenue trajectory and assessing the effectiveness of your marketing and sales strategies in maintaining or increasing this crucial source of income. Therefore, it's important to understand a saas marketing customer journey. Churn Rate: Your churn rate measures customer attrition, which shows how many customers you lose over a specified period. A lower churn rate is highly desirable in terms of budget allocation. Why? Because a lower churn rate implies that you retain more customers over time. This means that your customer base is more stable and less in need of constant replenishment, which allows you to allocate a more significant portion of your budget towards SaaS growth marketing initiatives. Lower customer turnover reduces the resources required for customer replacement and enables you to focus on expanding your customer base, driving growth more efficiently. Growth Stage: The stage of growth your SaaS company is in significantly impacts the budget you should allocate to marketing. Early-stage startups typically allocate a smaller budget as they are in the process of establishing their market presence and testing their strategies. In contrast, well-established SaaS companies with substantial revenue streams might invest more aggressively in marketing. For startups, budgeting needs to be done in a way to avoid overcommitting and potentially losing their financial stability. On the other hand, established companies can allocate more resources to marketing to maintain growth momentum, given that they have a solid foundation and customer base. Industry Benchmarks: Researching industry benchmarks is a valuable step in determining your marketing budget. By understanding what similar companies in your industry allocate to marketing, you can benchmark your own budget. Industry benchmarks provide a reference point for setting your budget and ensuring it aligns with industry standards. This not only helps you gauge the competitiveness of your budget but also ensures that your investment is in line with the expectations and practices of your peers. It's a practical approach to ensure your budget is realistic and competitive within your industry landscape. Considering the role of SaaS SEO agencies can be beneficial in optimizing your marketing efforts and maximizing your budget's effectiveness. What All Should Be Considered in a SaaS Marketing Budget? Building a comprehensive SaaS marketing budget requires careful consideration of several key elements: Content Marketing: Allocate resources for creating engaging content, including blog posts, videos, ebooks, and whitepapers that resonate with your target audience. Content marketing educates your audience and establishes your authority in your niche. Digital Advertising: Set aside a budget for paid advertising campaigns on platforms like Google Ads, social media advertising, and display networks. These channels can help you effectively reach a wider audience and target specific demographics. SEO and SEM: Include provisions for Search Engine Optimization (SEO) and Search Engine Marketing (SEM) efforts. This investment improves your online visibility, enhances your search engine rankings, and increases organic and paid traffic to your website. Email Marketing: Budget for email marketing campaigns, which allow you to engage with your audience through newsletters, product updates, and personalized content. Effective email marketing can nurture leads and drive conversions. Social Media Marketing: Dedicate funds for social media marketing activities. Promoting your brand on platforms like Facebook, Twitter, LinkedIn, and Instagram can help you connect with your audience and build a strong online presence. Public Relations: Include expenses related to public relations efforts, such as press releases, media relations, and reputation management. PR can help you enhance your brand's image and manage your reputation effectively. Marketing Technology: Account for the cost of marketing software and tools, such as Customer Relationship Management (CRM) systems, analytics platforms, and marketing automation tools. These technologies streamline your marketing efforts and provide valuable data for decision-making. Content Distribution: Consider investments in content distribution channels, such as paid content promotion and influencer partnerships. These strategies can extend the reach of your content and improve its effectiveness. By considering these elements in your SaaS marketing budget, you create a well-rounded plan that covers various aspects of marketing, ensuring that your resources are allocated strategically to meet your growth objectives effectively. Which Channels To Include? Here are different channels that you can choose to allocate your SaaS marketing budget: SEO (Search Engine Optimization): SEO, or Search Engine Optimization, plays a foundational role in the marketing strategy of SaaS companies. It involves optimizing your website and online content to improve your visibility on search engines like Google. This approach is particularly valuable for SaaS businesses for several reasons. Firstly, it boosts organic visibility by enhancing your website's search engine rankings. As potential customers often turn to search engines when seeking software solutions, a strong SaaS SEO strategy can attract a steady stream of relevant traffic to your website. Moreover, SEO provides long-term benefits, making it a sustainable investment. Once your SaaS product ranks well in search results, it can continue to attract users without the ongoing costs associated with paid advertising. Overall, SEO is a cost-efficient way to drive targeted traffic to your website, making it a critical component of your saas marketing mix. Content Marketing: Content marketing is an indispensable channel for SaaS companies to engage, educate, and convert potential customers. This strategy involves creating and distributing valuable, relevant content that addresses the needs and interests of your target audience. Content marketing is vital for several reasons. Firstly, it provides a means to educate your audience about your SaaS solution. Through blog posts, whitepapers, videos, and other content, you can explain the features and benefits of your product, helping potential customers understand how it can solve their problems. Additionally, content marketing is a powerful tool for establishing your brand as an industry authority. High-quality, informative content builds trust and credibility, making customers more likely to choose your SaaS solution. It also serves as a lead generation engine, attracting potential customers to your website, nurturing them through the sales funnel, and ultimately converting them into paying customers. These features make content marketing an essential driver of customer acquisition and a valuable component of your marketing budget and SaaS marketing funnel. There are many examples of SaaS companies that follow this strategy. ABM (Account-Based Marketing): Account-based marketing (ABM) is a specialized approach targeting specific high-value accounts with personalized marketing efforts. This approach is particularly valuable for SaaS companies securing large, enterprise-level clients. ABM stands out for its precision targeting, allowing you to concentrate your marketing resources on a select group of high-potential accounts. By identifying and prioritizing these strategic accounts, you can increase your chances of acquiring valuable customers with a strong lifetime value. ABM also enables personalized marketing, tailoring content and campaigns to each target account's specific needs and pain points. This level of personalization enhances engagement and increases the likelihood of conversion. Furthermore, ABM encourages closer relationships with key accounts, fostering long-term partnerships and customer loyalty. ABM can be a game-changer for SaaS solutions with complex sales cycles, facilitating a more strategic approach to customer acquisition. It's a valuable component of your marketing budget, particularly when targeting high-value enterprise clients is a key business objective. Looking For A Saas Marketing Consultant? Saffron Edge is Here! If you seek a saas marketing agency, Saffron Edge is here to help. Saffron Edge is a reputable marketing consultancy to hire a Saas marketing expert. Our team of experienced professionals provides valuable insights, strategies, and solutions to boost your SaaS marketing attribution. Whether you want to refine your marketing strategy, enhance customer acquisition, or optimize your overall marketing budget, Saffron Edge's services can guide you toward success. Our team is experienced in the SaaS sector, which means we know the unique challenges and opportunities of marketing software as a service. So, if you're ready to take your SaaS marketing to the next level, consider Saffron Edge as your trusted partner and consultant. ...
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