Inbound Marketing Age

The software as a service (SaaS) industry is one of the most lucrative niches on the market. Inherently scalable and profitable, it’s expected to surpass $112.8 billion by 2019.

But if you're in the business of selling software as a service, you’ll know that standing out is now more of a challenge than ever.

And, unlike many other industries, if a software company grows at only 20%, it has 92% chance of ceasing to exist within a few years according to McKinsey.

So, listen up, because getting this right is important.

Inbound and content marketing are often favoured by SaaS companies because they are conducive to B2B buying habits.

SaaS products are conceived, programmed and built to provide a solution to a problem. A concept which also happens to permeate the entire inbound philosophy.

It’s for this reason that an inbound strategy lends itself so well to SaaS marketing. But for SaaS buyers in particular, the relationship with their vendors can be very sensitive.

A SaaS inbound strategy demands a high level of skill, education and consideration to devise the most successful approach. Each stage of the buyer’s journey is as crucial as the last, and there is no time for complacency in such a disruptive and competitive landscape. 

So, it’s only natural that in the commotion of trying to cover all bases and get everything right, sometimes things go very wrong.

Despite the hype around social media, messaging apps and other newer forms of marketing communications, email is still an effective marketing channel. Providing your prospects have signed up for it, email still has the power to engage with clients and prospects as well as any other medium.

But like any marketing channel, it’s only valid when you are doing it right. Get email marketing wrong, you run the risk of losing not only prospects, but also your existing customers. Email marketing has great potential to irritate and annoy if is unwanted or unhelpful. There are few things people loathe more than spam. And spam is not just unsolicited emails, it’s any email that wastes the recipient’s time.

It is a tumultuous time for anyone involved in SaaS marketing – massive changes in the marketing landscape, the way customers buy and the channels available mean that SaaS marketing plans and strategy are having to be revised or even scrapped. SaaS companies, with their reliance on good marketing to gain customers and combat churn, will find themselves at the forefront of this change. They can either surf it and gain the benefits – or go under.

In SaaS marketing the aim of your content is to generate leads, convert prospects, reduce churn and upsell additional services. To do that effectively you need to create content that meets the needs of your audience. Your inbound marketing strategy should include developing buyer personas and targeting appropriate content at different stages of the buyer’s journey.

But what topics make for a great piece of content for SaaS? Here are four tried and tested types of content that are effective and enduring.

Industry research shows that technology firms are increasingly adopting content marketing strategies to drive business results.

A report by the Content Marketing Institute (CMI) published earlier this year found 95 per cent of tech marketers are using content marketing, and that almost 7 in 10 (69 percent) say their organisation is extremely or very committed to it. And the results are clear. 79 per cent said it has increased audience engagement, 77 per cent said it has increased the number of leads, and 59 per cent said it has increased their sales.

In fact, the report showed that tech marketers are focusing on content even more than B2B marketers in other industries.

So why is content marketing so well suited to the B2B technology industry?

We know that the key to success as a SaaS business is to reduce churn by retaining existing customers. SaaS is different to many other products and services in that it has a closer relationship with its users, over a longer period of time. So, more so than for many companies, whose marketing revolves around understanding new customers in order to serve appropriate content and gain leads, SaaS is also about understanding existing customers.

This duality makes the job of the SaaS marketer both more difficult and yet at the same easier. More difficult, because there are potentially two sets of people to understand and market to. Easier, because the level of contact with customers/users over a period of time means there is more data on existing customers. This should allow for a greater understanding of their needs and therefore, by extension, potentially make it easier to predict what new customers are looking for too.

For a SaaS company, reducing the number of customers who cut ties with your service during a given period – or ‘churn rate’ is essential to the survival and growth of the business. But there is a solution - Inbound marketing – and here’s seven reasons why.

Get the right customers in the first place

Inbound marketing helps you to attract more visitors to your website. But it is not enough to just attract more people; they need to be the right people. Inbound delivers quality, pre-qualified leads who are ready to do business. If you can find the right fit customers in the first place, then churn rate will drastically decrease.

Out of all the digital marketing channels available to you, social media is probably the most hyped yet least understood of them all. If well executed, with a solid strategy behind it, social can be a powerful marketing tool for a SaaS company. 

Social media is unlike other marketing channels in that it is not just for marketing; it is more of a two-way conversation and not just a means of distributing content. For SaaS companies, this is a strength and advantage over other channels.

But what can you use it for, and how can you make the most of it?

If you are in the SaaS industry, you might feel that it is sometimes difficult to write about your services and make them exciting or engaging to your audience. You may be so familiar with what you offer that you struggle to find new angles and walk in your prospects shoes. Maybe you have lost your motivation and find it hard to believe anyone finds what you write about interesting?

If this sounds familiar, here are three ways to make your content work and get you back on track.

In a previous post, we discussed how an inbound approach enables your SaaS company to connect with the right people,in the right way, at the right time. Inbound allows you to demonstrate your knowledge and expertise, answer your target audience's questions and, ultimately, help you to win their business (and keep it).