Sales channels to reach your customers
Selling through retailers, wholesalers and other distributors
Selling through an intermediary may be a more cost-effective way of reaching your end-customers than selling to them directly.
If you are targeting business customers who prefer to deal with large suppliers, selling directly to them may not be a realistic option. Instead, you might aim to supply wholesalers who have existing relationships with those businesses.
If individual consumers buy low value quantities of your products, the best option might be to target retailers that sell similar products. Or you might choose to focus your efforts on a relatively small number of wholesalers who can in turn supply your products to many retailers.
Other distribution channels may also reach your end-customers. For example, technology suppliers often sell to resellers who can configure and install the technology to suit end-users’ particular needs.
Managing your distributors
You need distributors who will value your product. If they sell competing products, what will make them push yours?
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Think about how you set your prices. Distributors will be more enthusiastic if they can make a large profit – but setting too low a price will eat into your own margins.
Effective advertising and promotions can be vital. As well as marketing to the distributor, you can promote your products directly to end-customers. Distributors will be keener to stock and sell products that their customers are asking for.
The key terms of the supply relationship should be covered in a written contract. Key issues might include:
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how much stock the distributor will hold
what the distributor will do to promote your products
how quickly you can resupply and minimum order levels
whether the distributor has exclusive rights to your product (for example, in a particular territory)
what happens if either you or the distributor want to end the relationship
Business ideas, Marketing and sales , promotions and advertising ideas , articles
Inbound Marketing Strategy
Inbound Marketing Strategy
brianoconn
Business Strategy, Social Media Marketing, Social Selling
April 1, 2015April 27, 2016
5 Minutes
Every business today needs an inbound marketing strategy. In the digital world nearly all marketing efforts are focused on actions like growing web traffic, increasing visitors, gathering sales leads, driving up conversions and securing buyers and customers. Inbound marketing strategies deliver on all the same marketing goals but in a different way. Traditional marketing or push marketing is really about interrupting buyers, trying to get their attention with TV or radio ads, online advertising, cold calling, direct mail to name a few. Whereas inbound marketing is focused on pull marketing, devising marketing tactics to get buyers permission to share information as to add value to the buyers journey when researching products or services.
Every business will most likely use a blend of inbound and outbound marketing tactics to deliver the targets. Every marketing focused company including marketing automation companies like Hubspot, Marketo, Oracle and SAP all use both outbound and inbound marketing tactics. Indeed outbound marketing activities like cold calling and lead generation by sales teams is nearly a forgotten weapon in customer acquisition as too many companies (especially newer technology focused companies) rely too heavily on inbound marketing to drive the sales pipeline.
As a percentage of traffic and sales leads, inbound marketing is now the main driver in getting a brand into the buyers awareness and consideration steps when looking for a product mainly due to the non-interruption aspect of inbound marketing efforts.
Listed below are some inbound marketing tips to compliment the marketing strategy in pulling in buyers to a business. The golden rule of inbound marketing including social selling is that is it about sharing not selling, help not hype. A business of any size can deploy inbound marketing with some good content and a few whitepapers to start but be aware that inbound marketing will take time to take hold however once traction starts happening , inbound marketing will deliver better qualified and less expensive sources of sales than outbound marketing.
The cornerstone of nearly all inbound marketing strategies is Content and sharing quality content alone on social networks will go a long way to increasing traffic and leads to a business or website. But like all great strategies there is more to inbound marketing than just publishing content; inbound marketing should also include whitepapers, research publications, social stories, social selling, article sharing, social conversations, reaching social media influencers, article seeding and participation on the social networks.
Here is a list of inbound marketing tips that will hopefully improve Inbound Marketing results for you
Develop a complete inbound marketing plan. Inbound marketing includes blogging, articles, whitepapers, social networks engagement, social selling, lead generation, traffic and social media conversations. Which of these tactics can be improved?
Implement all inbound marketing tactics. A business should never rely on one or two tactics even if you are getting good results from current inbound marketing tactics, implementing all tactics will drastically improve desired results.
Dont forget the awareness phase. Social media using content as the lead is where people become aware of your business and they delight in the quality of the content being read. The awareness phase is where you engage customers and prospects for future purchases and opportunities, even in B2B marketing. A business needs to have blog posts that delight, social media content that engages and messaging that keep customers or clients coming back. Before you get a lead or a sale, you need to build awareness.
Share the content. Simply posting a new article or blog post and then leaving it to chance that it will be picked up by search traffic or prospects are wasted opportunities. Social media networks opens up the ability to immediately collect traffic and leads based on a new article published not to mention the long tail SEO impact. There is more to sharing content than posting to Twitter, Facebook, and LinkedIn. Sharing content takes time and effort, share across all social networks, forums, groups, while seeding the article on relevant sites like Reddit, Scoop.it etc.
Love your social media accounts. Spend time attending to all your social media account, yes they are fantastic broadcast channels but also more importantly a place to build relationships. Have a constant presence and it need not take a huge chunk of time. Share content from other sources, like other articles, reply to messages, engage with conversations and give regular updates.
Stay tuned in as Inbound marketing, social media marketing and SEO are in a constant state of change. What is the latest social platform, the coolest social network, what type of content (words, images, videos) are best of which audience? To keep inbound marketing firing on all cylinders, marketing teams have to stay on top of changes and make sure to adjust to new opportunities while refining old ones.
Embrace analytics and reporting- The numbers produced from marketing tactics are the key to what is working and what is not. Data and numbers should be checked against goals on a regular basis be it daily or weekly. Ensure all the metrics and KPIs are in aligned to goals, actions and activities. By viewing the numbers, a business can see where it needs to make adjustments to improve results.
Solicit feedback. Chat to customers, other departments (sales), prospects and industry peers about inbound marketing. Where do they go to be made aware, what delights them, and why do they consider one over another? Also sometimes we can fail to understand how integrated inbound marketing can be with other aspects of the business, from outbound marketing campaigns to sales calls to social selling and customer retention for future purchases. How else you can use inbound to get great results?
Write quality content. Content marketing in the inbound marketing mix is the main conduit in bringing in search traffic and leads. While content will bring in a level of traffic regardless of the content quality, the bounce rate will be high and the consideration rate low. In a digital marketplace where everyone is sharing content, every blog, article or whitepaper needs to be specific, well researched, well written and above all informative. Search the web for blog ideas and to see what social influencers are reading (and interview them to get in-depth information for future social posts)
Commit time and resources. Inbound marketing takes time, if it is a real marketing strategy for your business, then investment in time and resources to make it happen is a must. Do not let other activities take priority. Every business that is successful with inbound marketing takes the time to follow through on all tactics, methodologies, strategy and implementation; otherwise inbound marketing contribution to the business is just a wish.
Give to get considered. Once awareness levels rise (traffic, reads, likes), start to give more to get into the buyers consideration phase. Offer more giveaways, free trials, deeper white papers, studies and reports. Make it easy for them to consider you, use landing pages, webinars, free samples, and contact us forms so you can move the prospect to a qualified lead.
So as you can see, there is more to inbound marketing than a simple promotional blog and posting it on Blogger. Words sometimes can be hard and time consuming to craft, but words are powerful, fun, enlightening and engaging. These words constructed into quality content and shared as articles across deep reaching social networks will drive your whole marketing and inbound marketing for today and into the future. Inbound marketing works as you HAVE READ this article right DOWN TO THE END.
Brian
The Bitter Business.
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Social Media Marketing – Powering SalesIn “Social Media Marketing”Inbound Marketing GuideIn “Business Tips”Digital Marketing StrategyIn “Business Strategy”
Taggedcontent marketinginbound marketingInbound marketing strategiesinbound marketing strategymarketingmarketing planmarketing strategysocial mediaSocial Media Marketing
Published by brianoconn
Online Sales training programs and online sales training courses via The Digital Sales Institute. Passion for helping salespeople succeed in their sales career.
View all posts by brianoconn
Published
April 1, 2015April 27, 2016
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