For
years, inbound marketing and outbound marketing have been pitted against each
other for their distinct approach and effectiveness. Even in 2020, B2B
marketers are divided into choosing one strategy for their marketing ventures.
To make
the right choice, you need to completely understand the exact differences and
advantages offered by both these strategies. Let us find out what they are -
The most
basic difference between the two lies in their approach to the prospects.
Outbound marketing is where you actively seek out prospects to generate
interest in your product or service, while inbound marketing lets the customers
approach you.
With
outbound marketing, you are targeting prospects who are not looking for any
solution. Inbound marketing, on the other hand, involves targeting prospects
who are actively seeking a solution for their business needs.
Simply
put, inbound marketing takes the subtle approach where you attract users'
attention with the help of relevant and helpful content in the form of blogs,
social media posts, podcasts, newletters and many more.
Outbound
marketing follows a more direct method of targeting prospects with telecalling
and trade shows.
Both
these approaches come with their own set of pros and cons. Outbound marketing
is seen as more intrusive and costly, while inbound marketing does not
interfere in the prospect's schedule and offers a more long-term ROI. On the
other hand, outbound marketing is the quicker way to put your solution in front
of a large audience base.
With
inbound marketing, you can face a lot of competition as opposed to outbound
marketing, as your prospects are actively searching for a solution and will be
looking into other brands as well.
Conclusion
Both
inbound and outbound marketing are effective strategies of generating qualified
leads. There is no right answer when it comes to choosing the right strategy.
The choice will depend on your marketing needs, goals and budget. In fact,
rather than selecting one, you can adopt a mix of both strategies to get the
best of both worlds.
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