You have the idea. You have the expertise to put the package together. You even are entering into one of the hottest fields of business. Now, you just need to learn how to find customers in need of your software as a service company.
Since you’re targeting a tech-savvy field, you need to be where they can find you. According to Forbes magazine, public cloud-based business is expected to grow at a robust 19.4% annually with revenues to reach $141 billion by 2019. Those kinds of projections also mean opportunists will be flocking to the field, increasing competition for your business. Inbound marketing is the best way for you to ensure customers find you in the burgeoning SaaS business.
In this two-part blog series, we’d like to give you a quick primer on why inbound marketing can benefit your SaaS company and in the second part start you thinking about how you can stand out to your potential customers.
What Is Inbound Marketing?
Plain and simple, inbound marketing is how you find customers among those who come searching for you. Well, maybe they are not literally looking for you, but they are looking for someone who can do what you do to help them do what they do.
Put another way, your potential customer has a need or a problem, what marketers call a pain point. When they have this pain point, what are they going to do? In today’s technological market, they are going to go to the Internet searching for a solution to their pain point. You are the person with that solution, so they need to be able to find you, then believe that you are the best person to solve their pain.
Inbound marketing works by positioning you to be found by the most potential customers who have a similar pain point and need your solution.
How Does Inbound Marketing Succeed for Software Businesses?
Inbound marketing works by looking at your potential customer base with a funnel approach. A funnel is wide at the top and narrows down as it gets closer to delivering the goods where they belong. A funnel approach to marketing is one that casts a wide net at the top where potential customers can learn about you and your service. Once the customers become interested, the marketing becomes more targeted to convince them to advance further into the funnel to learn how your service solves their pain point, ultimately turning that potential customer into a money-paying customer.
Inbound marketers first cast that wide net by ensuring your company is positioned to be found by anyone who has a certain pain point that your company can solve. Inbound marketers do this by understanding your potential customers, knowing their pain points and ensuring when they search for a solution, your business stand out among the search results. This is called search engine optimization.
Because Internet search engines always are trying to give their customers the best results, they constantly change how they judge content to ensure the best results. As a busy executive, you don’t have time to keep up with those changes, but an inbound marketing company can do that. Marketers must understand such language as keywords, long string keywords, video matrix, etc. to ensure your content stays at the top of the search engines’ results.
Casting the net is just the first part of the inbound marketing approach. The next steps involve capturing those potential customers’ attention and convincing them your company offers the best solution to their pain point(s). In the next blog post, we’ll talk about how you can help with an inbound marketing campaign by thinking about who your potential customers are and how you can offer them the best solution to their pain point.
Contact us if you’d like to learn more about the intricacies of inbound marketing and how it is the best solution for SaaS companies seeking to expand their customer base.