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Why Inbound Marketing Should Be a Priority for Your Company This Week

 

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bullet train

After working at HubSpot for almost three years, I have talked with thousands of people about the concept of inbound marketing -- how to drive more qualified buyers to their website (get found), convert them into sales leads and then to customers (convert) and then measure and optimize the website to repeat and beat their competition.

In an average day, our sales organization will talk with dozens of people and sign up between 10 and 20 customers.

The industry has come a long way. In the early days, people would squinch up their noses and say "What is inbound marketing?" In August of 2009, people say, "I need help with inbound marketing. Tell me how the HubSpot product works to do that?"

That makes our sales job a lot easier. 

After we explain the HubSpot inbound marketing system, nearly everyone is super excited. We are gratified that inbound marketing appears to have universal appeal. No one ever says "This is a stupid idea. We have no interest in turning our website into a giant magnet to attract more qualified buyers and leads."

But some of our prospects do say "This is great. We love HubSpot and we are going to start in October." This is disconcerting to me. It means they don't really get it.

Here are five reasons these companies -- and your company -- can't wait until October:

1. You want to drive leads in the short term and the long term. Realistically, it takes some time to ramp up, drive qualified buyers and then harvest leads. If you start this week, you are going to need a 30-90 day ramp to get results.

It can work more quickly if you put in more work up front, but if you start the last week in August, your lead stream is going to start in earnest sometime in November.

If you have a 90-day sales cycle, that means that if you wait a week, you are essentially missing out on 2009.

2. Inbound Marketing is a zero-sum game. In traditional marketing, if you wait two months to do a mass mailing, it has no specific impact to you or your prospect. With inbound marketing, if you wait two months, you give your competition (who may be ahead of you today) 60 more days to optimize their site so it will be more difficult and potentially more expensive to get higher rankings. 

3. Inbound Marketing is growing like crazy. Lots of people are waking up to the fact that utilizing 21st century web techniques, you can drive more leads.

It moves like a bullet train out of Tokyo. Waiting 60 days means you are competing with 100,000 more blogs and 500,000 more blog articles. Waiting a few months means you compete with more people.

4. Your customers are back from vacation next week and they are ready to buy. They need the information now, not when you are ready to publish it

5. Social media is moving like a fast dog after a meat truck. Only 1% of companies in North America are using social media for driving leads. Start today and get first mover advantage. Start in October and you run the risk of being the fourth company in your industry to try to compete for the same eyeballs.

You can always find an excuse for delaying the start but remember that you ignore inbound marketing at your own peril. The floodgates are opening and the process is going mainstream.

There's a reason they call it Internet time!

Photo: oafbot 

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Posted by Dan Tyre on Thu, Aug 27, 2009 @ 07:15 AM

COMMENTS

Dan Tyre has arrived! Love the metaphors! I'm glad you're sharing them on a 1 to many basis now, Dan!  
 
The world is ready for it!  
 
And great post.  
 
Another angle on the "I'll wait til November" is to drill down into their business more.  
 
Often times, inaction (no matter what the decision) will cause huge problems in a business.  
 
Imagine if Mike Volpe decided that he wasn't going to invest more resources into generating inbound leads for HubSpot's sales team, yet we continue to hire 3 new salespeople a month? That would mean a lot fewer leads per salesperson and a very unhappy sales team, sales managers, VP Sales, CEO and Board.  
 
There's all kinds of other problems that result when companies (or people inside companies) don't make decisions to take action and change from their old ways that aren't working anymore.  
 
People lose jobs, companies go under, people don't get raises, they don't expand their teams, no promotions... ANd then of course, there's all kinds of personal consequences when this stuff doesn't happen. People can't take their family out to dinner, can't go on vacation, can't replace their beat up unreliable car, can't send a kid to college, can't retire.  
 
Now these are really serious problems.  
 
None of which I'd want my inaction to be responsible for.

posted on Thursday, August 27, 2009 at 7:42 AM by Peter Caputa


Great information. I almost feel guilty. I am in the financial services business and licensed in a few states. I am planning on developing another business model and resign the current one and I really need to make some money from the current one to launch the new organization for they are different industry's. I know that a good solid lead right now will propel my new business. My wait however, has been that the new concept is still under development meaning that a patent is being requested and then I am researching how to manufacturer the product. My alternative was to raise money from venture capitalist which is over six figures but truly I rather make the six figures and launch the business myself. Any suggestions. 
 
Regards, 
 
 
Leon

posted on Thursday, August 27, 2009 at 8:07 AM by Leon Grove


Brilliant - this is one of those blog posts that needs to be retweeted often. I've been preaching Inbound Marketing since the 1st day I met Ellie Mirman, and my company is finally coming around. Keep up the great work.

posted on Thursday, August 27, 2009 at 8:25 AM by Mark Campanale


Sounds like a nice sales letter here. I like the way you convince people on "waiting" concept with increasing competition value.

posted on Thursday, August 27, 2009 at 8:52 AM by Atniz


Dan, 
 
 
 
Great article - for the last 3 years I've wondered what hubspot did now I know !! Classic Tyre .. brings back lots of good memories. 
 
 
 
Bee safe, talk to you soon, cheers, 
 
 
 
Neil.

posted on Thursday, August 27, 2009 at 9:42 AM by Neil Agate


This is great information I will be sharing with others.

posted on Thursday, August 27, 2009 at 11:49 AM by DotCOMReport


So what is inbound marketing ???????

posted on Thursday, August 27, 2009 at 8:29 PM by damian costigan


Inbound Marketing consists of optimizing your web site to  
 
 
 
1. Get found by potential customers 
 
2. Convert visitors to leads and leads to customers 
 
3. Measure the results and repeat 
 
 
 
please see:www.hubspot.com

posted on Thursday, August 27, 2009 at 11:05 PM by Dan Tyre


I loved your blog, bacon-man. I don't know how to read, but it looked good. 
Actually I can't see...It smelled good though. Keep them coming. 
 
 
p.s.- I want a belly rub

posted on Saturday, August 29, 2009 at 12:02 AM by oliver tyre


Surely, this article boosted my enthusiasm to accelerate my blog. 
Only 1% in competition. Hmm. Really great time to start!! 
Thanks.

posted on Sunday, August 30, 2009 at 7:06 AM by Yash


I would like to learn more about Inbound Marketing. Please let me know here.

posted on Monday, August 31, 2009 at 5:57 AM by Sheriff


Sheriff- 
 
I would be pleased to help you learn more re: Inbound Marketing. Please feel free to call/email me anytime, or, you can attend a LIVE demonstration of our software this Wednesday by signing up here: 
 
http://www.hubspot.com/group-demo-hubspot/ 
 
Let me know if you have any questions. 
 
Best regards, 
 
Adam Zaks 
Inbound Marketing Specialist @ HubSpot 
Phone: 617-401-2868 
azaks@hubspot.com

posted on Monday, August 31, 2009 at 10:08 AM by Adam


Hi Damian Costigan -  
 
To learn more about Inbound Marketing, please feel free to give me a call/send me an email anytime, or, please watch these videos: 
 
HubSpot Overview (gives strong overview of Inbound Marketing to start the video): 
 
http://www.hubspot.com/products/marketer/ 
 
Video of Brian Halligan, our CEO, explaining InBound Marketing and how HubSpot can help make sure you are ahead of the game: 
 
http://www.hubspot.com/internet-marketing-company/ 
 
Again, please let me know if you would like to chat. 
 
Best regards, 
 
Adam Zaks 
Inbound Marketing Specialist 
azaks@hubspot.com 
617-401-2868

posted on Tuesday, September 01, 2009 at 9:00 AM by Adam


 
 
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