28 Apr 2022 | 4 Min Read
The battle between Inbound vs Outbound sales is getting spicier and sassier by the day. But what’s the difference? Which is winning & which one is the right approach for your company? Let’s find out.
As specialists in the area, we cannot help but notice that both approaches have their pros and cons, and they should be viewed as pathways to accomplish your business goals.
Sales can be a challenging aspect of any business and even more so in a digital arena. Because there are so many variables at play it's important to have a tried and true strategy that yields optimal results.
It's important to determine the strategy that will work best for your team. A lot of factors should be taken into consideration when deciding which route to take including: which tools, formats, and mediums have helped you achieve your goals in the past?
Let’s start by first understanding the meaning of inbound and outbound sales and then go on to understanding their differences.
No one likes cold calling. Even if you can find a thousand people who are willing to call each day, you'll soon realize that it takes time and drains your energy.
But having a website and social media accounts means that there are always going to be people coming to you on their own accord, from something they found online.
Inbound sales straight-up means an opportunity that comes knocking down your door on its own.
Inbound sales can be great for companies but customers like them for a reason, they're convenient! There's less pressure on you because this person has already been positively primed to buy from you.
The meaning of outbound sales is very similar to the concept of canvassing. Your sales team approach prospects with the oldest trick in the book. A cold call!
The outbound sales approach involves going after prospects that you've targeted over a longer period of time and through multiple follow-up calls.
You’re reaching beyond your current database and having a potential customer learn about your product.
Outbound sales are more action-driven. The sales team goes scouting, searching, and researching prospects instead of waiting for them to come to you.
Think of it this way. You're walking down the street and all of a sudden a stray dog, looking sad and hungry.
You instantly have compassion in your heart for this poor creature so you decide to go up to him and feed him some food. This is an outbound sales approach.
However, what if that same dog was sitting on your front porch and comes up to you asking for some food.
Well, then according to this scenario the dog would be considered 'inbound'.
An inbound sale refers to a situation where the prospective customer initiates contact with the company.
Whereas an outbound sale is one where the company, through one of its associates, reaches out to someone who shows potential for buying and selling their product or services.
P.s - You can count on Traek to convert your leads into sales. It helps you identify anonymous website visitors, qualify leads, and close more deals.
Inbound Vs Outbound: What Is the Right Approach for Your Company?
It does not have to be one or the other when it comes to your sales strategy. A useful strategy is a mix of both inbound and outbound sales.
Hybrid is the way to go! While some may feel confused about the route to take, it’s important to know that one is not better than the other.
There are no winners and losers when comparing the inbound and outbound methods.
The best sales strategy is often a combination of both since they are each powerful tools in their own right.
It will depend on the nature of your business, industry, average sale size, and customer awareness that ultimately determines how much emphasis should be placed on each.
But how? Traek is a smart tool that helps companies track their website traffic better. Instead of having to go through page views, we give you the tools to see who's doing what and where they're coming from so you can understand how to convert them.
This way, when it comes down to making your next move on your target market like lead generation or email collection, you'll do it as optimally as possible with Traek.