Episode #568
How You Are Doing Inbound Marketing All Wrong
February 19, 2018

In episode #568, Eric and Neil talk about the difficulty of inbound marketing. Tune in to hear why inbound marketing isn’t an exact science and how you can use it to your advantage.

TIME-STAMPED SHOW NOTES:

  • [00:27] Today’s Topic: How You Are Doing Inbound Marketing All Wrong
  • [00:34] Eric recently lost a deal to a content marketing agency.
  • [00:47] The other agency was promoting processes and the execution plan was to create 500-600 word blog posts once per month.
  • [01:04] Eric believes this was a weak approach, as 500-600 words is brief and you must provide quality overall.
  • [01:44] Inbound marketing is not an exact science.
  • [02:00] Generally, the formula for this unpredictable aspect of marketing is: you put in X and get back ?
  • [02:33] In the long run you can make it more predictable.
  • [03:00] Content marketing is building a lot of goodwill over time and you’re not trying to see an ROI immediately.
  • [03:35] Being omnipresent, running ads, building out a funnel is all part of inbound marketing. If you’re able to build a machine like that, then you can stack paid ads on top.
  • [03:48] ClickFunnels is doing something like $5-6 million a month because of his tight inbound marketing strategy.
  • [04:25] When thinking about inbound marketing, you have to look at it as, are you willing to make an investment to potentially build up goodwill for a brand?
  • [04:33] Eric spends $25,000/month on inbound marketing.
  • [04:40] Some of that money includes salaries for content marketers.
  • [05:10] For each closed deal, it costs Eric’s company $15,000 and they bring in at least $30,000.
  • [05:58] Single Grain was getting 3,000-4,000 visits per month and all the leads were coming from Neil. It took two years to get that site rolling.
  • [07:00] If you create junky content, you’re not going to get ROI, you’ll only lose money.
  • [07:58] Think of inbound marketing as karma points and don’t focus too hard on ROI.
  • [08:08] That’s all for today!
  • [08:10] Go to Singlegrain.com/Giveway for a special marketing tool giveaway!

Leave some feedback:

  • What should we talk about next? Please let us know in the comments below.
  • Did you enjoy this episode? If so, please leave a short review.

Connect with us:

Discover Latest Episodes

Episode
How I bought a podcast, The valuation of podcasts, The risk of being overtaken & more
February 23, 2024

In episode #2684, we delve deep into the value of podcasting, particularly from an M&A perspective as our guest, Ralph Burns, discusses purchasing a podcast and its impact on business. ...

Episode
Yeezy $0 production spend on Super Bowl ad to make $19.7m, Super Bowl Ad or MrBeast Ad?, Microsoft, OpenAI, Google and others agree to combat election-related deepfakes
February 22, 2024

In episode #2683, we discuss the effectiveness of Super Bowl ads and the rise of deepfake technology. We delve into the astronomical costs of Super Bowl ads, questioning their return on investment (RO...

Episode
Syed Balkhi’s Unconventional Wealth Building Strategies
February 21, 2024

Syed Balkhi and Eric Siu discuss the power of compounding and the importance of maintaining friendships with other high performers. Syed shares his philosophy of giving unconditionally and compounding...