The good ol’ days ain’t what they used to be. Business-to-business (B2B) buyers behave differently than they even did five years ago — there’s no going back. Luckily, you don’t have to go at it alone (but those previously-held notions have to).
Now, the questions become: Are you findable by people searching for your insurance solution? What do you offer that brings them to your digital front door? And what will make them sit down and stay awhile?
Although switching strategies doesn’t happen overnight, building the right foundation now can help you reap the benefits for years to come.
Outbound marketing describes any marketing tactic that pushes a message out to the public hoping it resonates with the right audience. This more traditional advertising approach includes:
Outbound marketing requires shifting the public’s attention away from whatever they are doing toward the messaging displayed to them. And, it can be pricey.
Inbound marketing focuses on attracting prospective clients by creating relevant digital touchpoints. In this case, clients will reach out to you when they are already looking for or learning about group insurance plans for their company. In contrast with outbound marketing, inbound marketing doesn’t rely on interruptions, as it fosters relationships with potential and current customers, and relies on easily trackable online techniques to help decrease costs. Some inbound marketing channels include:
This marketing approach often uses your website as the front door to your business. Various tactics help bring people there, and then it’s up to you to show them why they should stay.
When thinking about outbound and inbound insurance marketing, keep in mind that online marketing does not always mean inbound marketing, and offline marketing is not always outbound marketing.
Inbound marketing comes across as less aggressive and intrusive, can be cheaper and easier to track, but it is not better or worse. Depending on what you want to accomplish, you can use an exclusive outbound marketing strategy for your insurance agency, an exclusive inbound strategy, or a mix of both.
If your objective is to get in front of a large number of people quickly to build awareness, outbound marketing may be your best move. The results will always be dependent on the money you invest, though. Usually, when you stop putting money towards an outbound campaign, the results will stop.
On the flipside, if your objective is a long-term return on investment (ROI), it’s time to bring in inbound marketing tactics. While this strategy requires more time and brings slower results at the beginning of a campaign, it will increase the trustworthiness and authority of your online presence. Inbound digital assets and marketing programs, like blogs, can generate leads years after they were originally created. And bonus: You’ll continue to provide value to your target audiences without being overly promotional.
A combination of outbound and inbound insurance marketing may be your secret sauce. Consider these scenarios:
By meshing two different strategies, you’re able to reach a more targeted audience while still garnering more engagements with potential customers.
The good news: You don’t have to do everything all at once. Much like personal health, consistency is key. Start with this checklist:
Once you can check all those things out, it’s time to start with a small goal like posting weekly on your LinkedIn page. Then add on an interaction goal, which includes liking, commenting, or resharing three times per week.
And when you feel comfortable with that, you can progress to creating your own “owned” inbound marketing tactics. Set up a blog page on your website. Commit to posting at least once per month. Stay consistent, and then you’ll have even more items to share on your social media channels.
Then you’ll be able to tap into this:
If you’re bootstrapping your own marketing efforts, this is a great place to start.