The ability to reach a global audience through a proactive online marketing campaign can never be ignored. Companies providing industrial test equipment have the ability to appeal to a specific market segment and niche, one where potential customers use unique online search terms, all in the aims of finding very specific products. This is why it is so important that companies adopt several online marketing strategies, ones that put their industrial test equipment offering but a few keystrokes away from potential customers. In essence, only an online marketing strategy can help level the playing field amongst all companies, regardless of their size. Online marketing is an inexpensive marketing platform that is quickly gaining a reputation for delivering superior results, especially when compared to outbound strategies. What is the difference between inbound and outbound marketing?
The Importance of Online Marketing
Inbound marketing is online marketing. It has become so commonplace for today’s businesses that most are moving away from outbound strategies and towards lower cost inbound marketing strategies. The difference is rather easy to understand; outbound marketing relates to conventional marketing strategies like TV, radio, print and billboard advertising, while inbound marketing relies upon organic online search results, online marketing campaigns and strong search engine optimization strategies. So for companies looking to sell industrial test equipment, what are some of the advantage of online marketing?
• Accurate Search Terms: Let’s assume an industrial test equipment manufacturer was trying to market a new line of power oscillators and RF power amplifiers. The search terms in both instances would match the company’s product offering. Both of these search terms are very specific and likely only searched by potential customers. These specific keywords become the focus of the company’s online marketing strategies. The company may decide to structure its website’s and blog’s content around these keywords. It may also decide to use several “pay-per-click” (PPC) and banner advertising campaigns, all with the aim of increasing the company’s likelihood of being found through online searches.
• Lower Costs of Customer Acquisition & Retention: All online marketing strategies focus on increasing a company’s PageRank in search results. A higher PageRank for a given search term means a company’s website is more likely to be viewed, which in turn leads to higher sales closing rates. Comparing outbound marketing to inbound marketing is rather simple. One is expensive, while the other is inexpensive. One is difficult to manage, requires a substantial capital investment and is incredibly costly when making changes, while the other is easy to change, simpler to manage and far more accurate in its analysis of results. Simply put, online marketing is an essential aspect of success for any enterprise looking to increase their market share because it dramatically lowers a company’s costs of customer acquisition and retention.
Online marketing increases marketing return on investment as it’s far more accurate in its assessment of success or failure when measuring individual marketing strategies. The results from outbound marketing strategies are simply too costly to determine. In addition, changes are often seen as permanent, whereas companies adopting online marketing can make relatively simple changes.