Inbound Marketing Consumers Empowered
Economic factors encourage customers to be researchers
The internet has represented consumer empowerment since the 1990’s because it operates like a high speed phone book. It takes you wherever you want to go, including to websites of competitors you just visited. Due to last century’s marketing that promised more than it delivered, consumers have become skeptical of unfamiliar brands, but are able to quickly learn about brands as a result of inbound marketing.
One of the reasons many people use the internet is to learn how to save money. When budgets tighten, people intensify searches as “affordable” becomes an important keyword to attract bargain hunters. At the same time, many consumers are looking for the best quality at the lowest price. The internet is competitive because it gives you a lot of different choices quickly.
At physical stores consumers deal with extra problematic variables such as shelf space and number of units in stock. If a product sells out it can create inconveniences for customers. Online markets have eliminated the problem of store hours and inventories. Since many store costs have been reduced, online marketers can afford to sell products at lower prices than retail.
What consumers are really latching onto when they begin to have favorite blogs is a feeling of comfort that they have learned something from someone online. Surfing the net can take up a lot of time and sometimes there’s nothing to show for it. But engaging through social media and online discussions can generate a useful dialogue that builds loyalty and interest while saving time. For many people saving time is just as valuable as saving money.
Search engines have been such helpful time saving devices that they can instantly bring you in touch with any market imaginable through keywords. Searching for something online is not the same type of passive activity as sitting through TV commercials. In many ways TV advertising chases away customers while inbound marketing invites customers to participate with the product.
Lower Marketing Costs
One of the main keys to inbound marketing is that it helps make your brand a star in several categories instead of just one. The marketing of several different products under one brand name has become an incredibly powerful way to maximize marketing at lower costs.The more variety in products and services you can offer, the more visibility you will generate online and the more chances for customers to find you.
Imagine if you had a different brand name for every different product you sold. If you sold hundreds of different products it could cost a lot of money just to design each logo. But one brand that can be marketed hundreds of different ways is a much more economically efficient venture. In many cases brands are becoming about values related to visions of the world. People now value brands that share similar visions, such as going green.
The Value of Information
Thanks to search engines and inbound marketing, original information has become valuable. At one time marketing costs were high in order to have access to a big passive audience that wasn’t necessarily in the mood to buy. Now marketing costs are low to reach a big active audience that is already searching to buy. All it takes is effort on the part of the marketer to put these pieces together and connect with followers.
The road to becoming successful at inbound marketing involves placing value in stories about your products. Take the lead in inbound marketing by offering free information that helps others gain economic advantages and makes your site more valuable than sites with less information.
Ian Conklin is the President of OTR Web, a web development company creating market ready websites since 2000, with locations in Canada, USA, Europe and South America.
OTR Web is a Certified Partner with HubSpot and Google.
For all your Inbound Marketing and Website requirements