Should I Outsource My Marketing or Build an In-House Team?
Greg Mischio
Helping manufacturers and b2b companies improve their web presence and generate leads. Founder and CEO of Winbound, a digital sales and marketing agency.
When it comes to implementing marketing responsibilities, you may find yourself struggling with this question: Should we keep it in house, or should we outsource?
It’s been a common head-scratcher for companies big and small. But it may not need to be, provided you’re thinking strategically and you have the right decision-making data.
We’ll provide both quantitative and qualitative information to help you unravel the in-house vs. outsourcing conundrum. More specifically, we’ll illustrate three different scenarios for implementing an effective marketing program:
Before you read more, here’s a quick video recap of the post:
Creating digital marketing takes a lot of time and expertise
Marketing today means digital marketing. And digital involves multiple disciplines, many of which are evolving so rapidly that it’s hard to keep up. Digital strategy. Social media. Digital advertising. Video. Blogging. Analytics. All of these areas require time and expertise.
Consider content alone.
You have to create and deliver content online in multiple ways to multiple channels. And quality content (even with AI) requires research and interviews with experts. That means you can expect resource drains like the following:
And those are just three examples of digital marketing activities.?
So do you outsource them or develop them in-house? For help on that front, let’s dive into the three scenarios we introduced above, covering potential costs as well as pros and cons for each approach.
1. Build an in-house digital marketing department
First, let’s say you want to keep as many marketing tasks and responsibilities in house as possible. But, of course, you also want your marketing to be effective. In this case, you’re aiming to build an in-house digital marketing dream team.
The actual composition of that dream team might vary, but here’s our version and the associated costs:
*Based on data from Robert Half’s 2023 Salary Guide .
+Based on data from U.S. Bureau of Labor Statistics .
#Based on data from ZipRecruiter .
^Based on multiplier recommended by the U.S. Small Business Administration .
Divide that total cost and you could be paying around $73,737/month for that top-notch team.
Pros to an in-house digital marketing dream team
Cons to an in-house digital marketing dream team
If those salary numbers above are laughably impractical to you, all is not lost. In fact, here at Winbound we work with a lot of companies that have great success with scenarios 2 and 3. Let’s take a look.
2. Develop a hybrid digital marketing team
If a full-blown in-house team of marketing thoroughbreds isn’t right for you, you could take a partial approach by hiring a select team of internal marketing staff and then supplementing their roles with an agency.
Here’s an example of what a hybrid marketing team team could cost, not including the agency or contractor fees:
*Based on data from Robert Half’s 2023 Salary Guide .
^Based on multiplier recommended by the U.S. Small Business Administration .
Divide that total by 12 and you get $24,193/month for marketing personnel.
Pros for developing a hybrid digital marketing team
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Cons for developing a hybrid marketing team
3. Outsource nearly everything
Now let’s say you’re a sales-driven organization with a director of sales and marketing who primarily oversees the sales team.
Your marketing activities don’t involve much beyond having a website that acts as your digital brochure. Also, you probably have little to no social media presence.
Hiring an internal staff has proven difficult, so you go all-in on using a digital marketing agency, with the director of sales and marketing as the lone internal contact. (Here’s an example of one of our clients in that scenario .)
Take a look at the potential cost breakdown for this option, not including the agency’s monthly fee:
*Based on data from Zippia .
^Based on multiplier recommended by the U.S. Small Business Administration .
Divide that total by 12 and you get around $12,224/month for your director of sales and marketing.
The pros of outsourcing nearly everything to a digital marketing agency
The cons of outsourcing nearly everything to a digital marketing agency
Which option should you choose??
Now that you’ve seen options on how to form an effective marketing team, you’ll want to identify which option is right for you. Though there are no definitive rules on this, the following chart breaks down some basic scenarios to help you see where your company fits.
Top marketing activities to perform in house
The most important role for your in-house team is to devote their time and efforts to your customers, your industry, and your company. Any marketing activities that are close to the customer (both internal and external) and require direct interaction with them should fall under your purview.
Here are specific examples:?
In addition, you’ll oversee the overall execution of the outsourced tasks.??
Top marketing activities to outsource
The role of the outsourced team can fall into two camps: 1) a stand-alone specialist for a specific expertise or 2) an agency that brings key specialties together.
Outsourced activities could include:
To ensure they align with your needs, you’ll have to judge that agency on the strategic approach they take in integrating all those specialties.
Outsourcing: An opportunity to kick your digital marketing into high gear
Let’s wind down by focusing on those small marketing departments out there who have one to two people charged with marketing responsibilities.
You’ve just learned why it may not only be impractical but also unnecessary to develop a full-blown in-house marketing team. In fact, using the services of a digital marketing agency could be an excellent opportunity to jump-start your digital marketing with a carefully designed, strategic approach.
Empower your marketing efforts and start making significant strides in generating what you’re really after: Results.
Former Chemist that Trains Manufacturing Sales Teams to Hit Sales Targets Monthly Using an Actionable Sales Process | Keynote Speaker
1 年Awesome piece, Greg. There is no doubt that the generating of marketing will be largely based on price, so you need to know what marketing efforts need to be done in-house or outsourced.
Content Expert Helping B2B Companies Maximize Event ROI with Video | Helping Coaches & Consultants Build Authority with Catalyst Content
1 年Very insightful article. I think another consideration is the degree to which you feel that authenticity is an important factor. What I mean by authenticity is the amalgam of point of view, disposition, personality, and other factors that make you who you are and make your company different than your competitors. The best and most direct way to create content that embodies your uniqueness is to do it in-house, since only you have direct access to your way of thinking and expressing your thoughts. But, as the article notes, creating really good, authentic content is a huge time suck. Hence the need to outsource at least some of it. But when you do, you inevitably lose some of the unique character that defines your business. For example, a blog post written by freelancer is bound to be at least somewhat more generic than what an in-house writer would produce, simply because the freelancer doesn't live and breath the company culture and ethos like an in-house writer does. Even if you brief the writer and educated them on your unique voice (which takes time), there's only so much that even a highly-skilled writer can do to emulate your tone and style. So, it's a tradeoff.
Helping manufacturers and b2b companies improve their web presence and generate leads. Founder and CEO of Winbound, a digital sales and marketing agency.
1 年Thanks Damon! Sharing this with some other friends on LinkedIn: Derek Bentley Jon Wake Bryan Althouse, CFP ?, BFA?, APMA ?, CEPA Shahela Ali