The number of brands committed to inbound marketing has grown significantly over the past few years, as marketers adapt to the changing reality of how people buy, but many business development professionals still have questions about how it can help them generate more leads and convert more customers.
A few months ago, we provided a resource to help sales-people and business executives identify the various ways inbound marketing can enhance their efforts. In this blog, we’ll unpack three key takeaways from the resource that every business development professional should know.
3 Things Every Business Development Pro Should Know About Inbound Marketing
Here are three things you should know if you’re considering how inbound marketing can help you grow your business.
- Small businesses who are willing to invest in inbound marketing have a significant opportunity to stand out from their competitors.
Although inbound marketing is more effective for small and mid-sized businesses, many are still relying on traditional outbound methods. In fact, the number of small businesses primarily focusing on outbound marketing is double the amount of those focusing on inbound. For brands who are willing to adopt this strategy, this provides a significant opportunity to stand out from amongst their competition.
- Inbound marketing helps you educate prospective clients on the unique benefits your company can offer.
Over 50% of brands that use inbound marketing as their primary lead source say prospects are at least somewhat knowledgeable about their company prior to speaking with sales. Less than half of outbound marketing-focused brands can say the same. The takeaway? Inbound marketing helps you educate prospective clients on the unique benefits your company can offer, effectively shortening the sales-cycle of outbound marketing tactics.
- Inbound marketing provides twice as many leads than almost any other source.
At least 40% of all referrals for B2B, B2C, and nonprofit brands come through inbound marketing channels, such as SEO, social media, or lead generation efforts. Outbound marketing tactics such as cold calling, advertising, and tradeshows only equate for 20% of referrals.
Are you ready to grow your business with inbound marketing?
To learn more about how inbound marketing can help you generate more leads and convert more customers, download our free resource “Is Inbound Marketing Worth It?” It will help you answer almost everything you need to know about using inbound marketing to effectively grow your business.