Case 3: HubSpot: Inbound Marketing and Web 2.0 HubSpot is a dynamic and promising startup that has recently reached its 1‚000 customer milestone. The company‚ led by founders Brian Halligan and Dharmesh Shah‚ offers an intuitive and easy-to-use marketing software that acts as a tool for customers to spearhead their ‘inbound marketing’ campaigns. The company is an evangelist of ‘inbound marketing’ where companies try to pull prospective customers toward a business and its products through the use
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HubSpot: Inbound Marketing and Web 2.0 HubSpot is an online marketing software company that utilizes inbound marketing‚ a system which pulls prospective customers to a business and its products. Although inbound marketing has been highly successful and the company has reached its milestone of 1‚000 customers‚ HubSpot is now faced with the dilemma of which direction to steer towards‚ while considering the viability of inbound marketing at a larger scale. HubSpot must decide whether to target the
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Company Leader in Web 2.0 and Inbound Marketing Unique product At a crossroad 1.000 customers Goal: accelerate growth rate and increase profitability Segmenting customers Adjusting pricing model Supplement inbound marketing? Inbound Marketing If a customer needs a service/product he will do the relevant research in order to get the information needed “Pulls” customer in 3 skills Compelling content Content distribution Engage community Benefits Attaining Marketing Efficiencies Sales
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Hubspot – Case Study Inbound Marketing- an innovative marketing strategy founded by the Hubspot creators‚ was developed on the concept that to get customers to be interested in your product‚ “pulling” them in by use of Web 2.0 technology was much more effective than using traditional methods of marketing that pushed products and services to target audience who may be unwilling or uninterested in the offer at the particular time. Hubspot created software products that enabled its customers to market
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TABLE OF CONTENT ABSTRACT 1 INTRODUCTION 1 CURRENT SITUATION 2-3 OWNER OLLIES AND MARKET MARY 4-5 CUSTOMER SEGMENT AND TARGET 6-10 PRICING MODEL 10-13 MARKETING STRATEGY 13-14 SUMMARY 14-15 管理信息系统 第二组成员 刘露露 万菁 胡笳竟 肖泽中 Abstract HubSpot has been developing out well with the introduction or their new "inbound marketing" concept and the marketing system that goes with it. However‚ as they grow‚ the realization that they need to redefine their market segmentation and focus to bring their game
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HubSpot: Inbound Marketing and Web 2.0 MAR6815 Dr. Korgaonkar April 26‚ 2011 Presented by: Jeannette Chambers Balaji Govindarajulu Table of Contents Introduction 2 HubSpot was born 3 Inbound Marketing 4 Inbound Marketing – Three Distinct Skills 4 Advantages of Inbound Marketing 5 HubSpot Product Components 7 Content Design 7 Search Engine Optimization 7 Lead Tracking and Intelligence 8 HubSpot – Marketplace 8 Customer Funnel 9 HubSpot Customer Funnel 9 HubSpot – Customer
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Should HubSpot narrow their target by focusing exclusively on either Owner Ollies(OO) or Marketer Marys(MM)? Should they target both? From Appendix‚ the Customer Lifetime Value (CLV) for OO is $4814‚ while the CLV for MM is $10‚625. This can incorrectly lead to a conclusion that OO are less valuable than MM to HubSpot. However‚ we need to factor in the market size and the number of customers that HubSpot has. OO make up the very small and the small company segment in the market (73% of the
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HubSpot: Inbound Marketing and Web 2.0 Highlighted S.W.O.T. Analysis Strengths * HubSpot is considered a leader and innovator in inbound marketing strategies/practices and a sought after producer of Web 2.0 technology (applications and software). * HubSpot has already reached 1000 customer mark. * coined the term ’inbound marketing’. * HubSpot’s freeware (The Website Grader‚ The Twitter Grader and The Facebook Grader) had proved extremely popular. * In 2009 more
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HOW TO CONDUCT INBOUND & OUTBOUND MARKETING The term ’Inbound Marketing’ is not new‚ in fact it has been around for at least several decades‚ long before the dawn of personal computing and the world wide web. It is‚ however‚ one of the least understood components of marketing and the term tends to be misused these days to mean only internet marketing. According to Peter Drucker‚ inbound marketing is essentially two things: product innovation and market research and this has historically been the
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5C Analysis Company HubSpot provides an inbound marketing system in the Web 2.0 space. As the business is fast growing‚ 329% of the yearly growth rate of new customers in 2008 (Exhibit 10)‚ HubSpot wants to accelerate its growth. While HubSpot has a complete inbound marketing system and the supporting HubSpot Services Group which could be a strong base for its further growth‚ it also has some issues to be addressed. Even though the inbound marketing programs bring a diverse customer base that can
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