Many of us think we know what marketing is. It’s all those beautiful flyers, pamphlets, mailers and media ads that companies buy and send out to the mass of prospective buyers in the hope that some of us will purchase their product(s). Of course that is hugely simplistic because marketing is much more than that; BUT, when most people think of marketing for medical device manufacturers - or any manufacturer for that matter - that is what we tend to think of.
You place these marketing materials in (hopefully) prominent spots and send sales reps (your own or through a distributor) to go on marketing missions (called sales calls) to a number of prospective buyers to get your marketing message out there, generate interest in your product(s) and close sales. This is the traditional, numbers driven, outbound marketing methodology. One problem with this methodology is that there is no good way of measuring the effectiveness of these marketing materials in generating an actual sale.
The inbound marketing strategy is a little different. Instead of sending your marketing message out to the mass of potential customers, it is designed to encourage the potential customers to come to you. The idea is to bring them into your online store (your website) to find a specific item (or items) that will address a particular need (or needs) that they may have. This post, Is Your Sales Process Connected to Your Buyer's Journey? provides the stats that show just how rapidly the purchasing process is changing to this new scenario. So the question you should have is, “How do we get these potential customers to come into our online store to purchase our solutions for their particular needs?” The answer is, you do it through content and inbound marketing.
Content Marketing has been described and defined by different entities in different ways. The key element in most definitions/descriptions is that content marketing provides valuable information to the recipient. However, providing information is not enough. The information must be clear, concise and pertinent to the needs of the recipient and must be presented in a way that elicits confidence in the trustworthiness of the content creator/provider.
Content marketing may take different forms. The most common of these forms include:
The blogs and infographics are, for the most part, open to anyone. They are designed to create awareness and attract attention. They are quite often used to invite interested parties to delve more deeply into a particular subject that is covered more extensively by a downloadable resource. Even though they are at the very beginning of the sales funnel they still provide traffic data regarding visits and page views which can used to judge the effectiveness of the piece.
Podcasts, case studies and videos generally fall into the category of a free downloadable resource while white papers, eBooks and newsletters almost always are in this category. These free downloadable resources are usually behind a form requesting basic contact information such as name, email address and phone number, plus company name, type and size of the company. Webinars almost always require registration and so would be considered a resource.
This process is really somewhat similar to the type of response you might get at a tradeshow. Some people may just walk by your booth without a glance, others may pause and look or even pick up a brochure (think of that as a visit). Still others may look at a demonstration and provide contact information on your lead form (that is a lead). Inbound marketing measures traffic and generates leads.
Do not think that content marketing is all there is to inbound marketing. It is a large part, but inbound marketing goes way beyond content. It includes many other elements such as website design and creation (your website needs to be current, inviting and easy to navigate), social media strategies, pay per click advertising, etc.
Also, do not think of inbound marketing (sometimes referred to as “digital marketing”) as a replacement for your traditional “outbound” marketing functions. IT IS NOT! Rather, you should think of inbound marketing as being complementary to your outbound marketing strategies, making them more robust and effective.
For a more complete picture of what inbound marketing entails and the part that content marketing plays in that picture follow up with us here. To learn more about how KBK Communications can help you promote your medical devices contact us here, or call us at 815.464.8565.