SaaS Marketing: A Simple (But Complete) Guide
Olabisi Adelaja
Web3 Growth Marketing|Podcast Host|Shaping the Future of AI/Web3 with The Web3 Quick Bites Podcast
Developing an effective SaaS marketing strategy can be challenging. The challenge is even greater when you’re marketing an intangible item. If you’ve got a SaaS business, then you know that people will always be interested in your product or service — and they’ll always want to buy it or subscribe.
But what you might not know is that there are other things to consider when selling your product or service: like what features they value most, and how much time they spend using the software (or website).
It’s time to say hello to the unique marketing needs of SaaS. You face a whole different set of challenges when selling software as a service. What can you do to create a dynamic campaign that communicates your program’s benefits? How can you stand out from the competition?
A combination of innovative creativity and knowledge of strategy results in a perfect solution. What are you doing to engage, inform and attract potential customers about your software? With the internet’s rapid growth, your SaaS company has limitless potential.
In this guide, you will learn several practical marketing strategies that will help you grow your SaaS company and attract new customers. I will cover everything you need to know to succeed in SaaS marketing. You are already aware of your product’s mass-market potential. Now is the time to tell the world about it.
What is SaaS Marketing?
SaaS marketing is a type of marketing that helps build awareness and promote software as a service product. The marketing process may include research into the market, purchasing ads, offering free trials or exclusive deals, and so on. SaaS marketing helps a SaaS organization reach its target market, position its product, and build awareness.
Although the product of a SaaS company is a piece of software, the key to marketing a SaaS product is knowing that the customers of SaaS companies are not so much purchasing an app, as they are subscribing to a service that they will be happy to pay a regular fee for receiving.
In SaaS marketing, one needs to understand a short sales cycle with changing digital marketing techniques. SaaS customers do not have to spend long hours deciding before buying or subscribing to your services. This means that your product must be impactful on your target customer on the first go.
Why is SaaS Marketing Different from Traditional Marketing?
Marketing is a complicated business. There are a zillion varied thoughts and opinions out there on how to do it right, but to stay clear of the marketing legalese, marketing is an attempt to promote or sell a product.
You can stand in front of thousands to talk about how cool the new BMW features are, the quality of a piece of Arhaus furniture, the performance of the Macbook computer, etc. But when you think about Saas products, it gets a little bit more complicated!
Imagine trying to sell an intangible product that you can’t touch. Now try to imagine explaining this product to your friends, or try to perfect an elevator pitch for it. Tough much? It doesn’t have to be anymore.
The reason SaaS marketing is a different ball game is that you are selling to a specific small market — you are targeting specific companies or consumers who need your particular product.
Running a successful SaaS marketing campaign is possible, but you need to approach your strategy differently than you would for tangible products. SaaS has a fast sales cycle. When a consumer wants a SaaS solution, they often want it immediately. Let me create a typical customer purchasing process for a SaaS product.
Example: The customer does some research online, compares features and pricing, seeks opinions from friends, asks for suggestions from colleagues, reads reviews, watches a demo/demo, and goes to sign up for a free trial.
The above process might take place over a few days, but more likely over a few hours. Why is the decision-making so quick? The very nature of software and online delivery lends itself to quick buying decisions. In the ever-evolving world of technology, most business owners will decide to sign up for a SaaS product if it solves their current needs at the time.
While SaaS subscriptions aren’t impulsive buys, they don’t rely on a drawn-out back-and-forth. This means marketing needs to have an instant draw, which also needs to reach a wide number of users to be effective.
You need to inform and reassure your customers of the value they are getting for their money by signing up for your product/ service.
Proven SaaS Marketing Strategies for 2022
Having a clear understanding of your target customers, competition, and selling points will help you design your SaaS marketing strategy. The strategy might include writing targeted website copies, creating engaging social media content, or sending targeted emails.
Your team can further refine your SaaS marketing playbook by addressing these key aspects of growth marketing to scale customer acquisition, streamline customer onboarding, and reduce customer churn.
1. Content Marketing
The key to developing a successful content strategy is to create quality, relevant, and engaging content. Your content should appeal to your target audience and help them solve a specific problem. To improve your visibility, all of your content should be optimized for search engines.
Unfortunately, this isn’t as simple as creating blog posts. The most effective way to compete in today’s crowded marketing mix for SaaS is to produce high-quality, persona-driven content that is not only keyword optimized but also offers value to your potential SaaS customers’ marketing solutions to help them sell your SaaS platform to their boss.
When you create persona-driven content that addresses relevant pain points, you’ll be in a unique position to write as a thought leader.
Since you researched your ideal customer’s pain points and created a solution to address them, you should already know what questions they ask.
Your SaaS marketing strategy should factor in conversion rates, acquisition costs, and downstream customer onboarding nurturing when developing a b2b SaaS marketing strategy.
When someone sees you as a source of information and a solution to their problem, how do you draw them deeper into your sales B2B SaaS marketing strategies without annoying them? Are you personalizing sales-ready messaging to industries or personas?
Through persona-driven content offers, you can give away some of your most valuable content in exchange for contact information. Most high-growth SaaS marketing companies offer free infographics, eBooks, videos, white papers, and other resources in exchange for an email address as part of an effective B2B SaaS marketing strategy. As a result, you can convert a potential customer into a marketing-qualified lead.
Make sure you promote your content on social media and other platforms. More leads can be generated and more customers converted when your content is seen by as many people as possible.
2. Take your social media presence to the next level
Smart organizations understand the benefits of their social media presence and its importance. A personal connection with your customers is the most effective way to cultivate a loyal relationship today. Constant interaction with your audience keeps you in their minds, having a more lasting impression than any ad campaign.
The SaaS industry has taken a page from Elon Musk’s relationship-building book and is now interacting with its customers through social media channels.
A variety of social media platforms, such as?Instagram,?LinkedIn,?Twitter, and?Facebook, are crowded with businesses interacting with their customers and building a strong social media presence. It is therefore time for SaaS brands to jump on this bandwagon and watch the magic unfold.
3. Prioritize SEO to Generate More Leads
SEO is a marketing strategy focused on driving organic leads to your website by ensuring it ranks higher in search results. Search engine optimization includes more than adding high-performing keywords to your content.
By implementing an SEO strategy, you will be able to drive leads right into your sales funnel without the aid of Google Ads.
By targeting the right keywords, you can optimize your website for Google to rank in the top spots, increasing the visibility of your brand. Using A/B testing, you can improve your website’s performance and align your content marketing with your SEO strategy.
4. Run a PPC Campaign
A PPC campaign is a paid marketing tactic, whereas content marketing and search engine optimization (SEO) are more cost-effective customer acquisition strategies. Using this strategy will generate more leads for your website if you don’t get enough organic search traffic.
SaaS marketing success relies on testing different variations of ad copy and analyzing which versions are most effective. To ensure that your ad is displayed for all relevant search engine queries, use relevant keywords in your ads. Ensure that your ads are conveying your value proposition and attracting the right audience.
Despite their cost, PPC campaigns are still preferred by many marketers because they are scalable, and your spending can be increased or decreased to meet the needs of your SaaS marketing campaign.
5. Lure your customers with Free Trials
An effective SaaS marketing strategy for acquiring customers is to offer free trials as an incentive. Getting people to use your service and realize its benefits is a good way to get them to take the first step.
You may also ask, what else?
You are more likely to convert people to a paid plan once they start using your product. The key is to have an effective strategy that gets SaaS customers to make a purchase.
Example:
In the example below, you can see how?CopyAI?offers a free trial to convert site visitors into actual SaaS customers of their service.
rtilWhen using this SaaS marketing strategy, ensure that your users get the chance to experience your product for a long enough time to understand its benefits.
You can also build a cold email engine to reach out to potential trial users. They scour the web for people who match your ideal customer persona, and then, send them enticing emails to sign up for your tool trial.
6. Streamline Sign-ups
You should remove as many barriers to the sign-up process as possible when you want more people to try your SaaS product. Free trial signup that asks for credit card information could drive away potential customers.
7. Improve Customer Experience
Personalizing your service is an effective way to provide a better customer experience. Once they complete the sign-up process, send them a personalized welcome email. When active customers slip, you can send out an email.
What else can you do?
On your website, you can also provide a live chat option to resolve customer queries. This will assist them in navigating the site and finding answers to their questions.
8. Have a Clear CTA
Are you looking for your audience to do something specific? Would you like them to sign up for a free trial? Or do you prefer they make an instant purchase? Whatever it may be, make sure that they know what action to take by adding CTAs throughout your website.
Takeaway
As long as you continue to market your SaaS, your business will grow. This will allow you to capture new customers and find creative ways to monetize their usage. When you take steps to retain your current customers, you’ll develop a loyal and profitable business.
SaaS marketing is an ever-evolving industry that requires creativity and effort. In the face of increasing competition, you will discover new paths to growth and rise to the challenge. An effective marketing strategy will ensure that your SaaS business continues to be successful in the future.
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Marketing II Customer Success Executive II
2 年I practically read every word from the start to finish. This is beautifully written and rich in context. Well-done sis ????