Social Media and Healthcare: Inbound vs. Outbound Marketing

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Social Media and the Marketing Industry Outbound Marketing: Inbound Marketing ROI of your Outbound vs Inbound Initiatives

In many of my previous posts regarding the relative value propositions of establishing a deep digital presence or entering onto the stage of healthcare and social media we have talked about the overall value to the:

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healthcare system,
the patient,
the physician as a solo practitioner
the device industry,
and healthcare institutions.

Clearly the number one value proposition chosen by most health care professionals for entering into the digital arena is to improve upon their ability to drive patients to their office, institution, promote a service line, or to increase the use of their products.

Outbound Marketing:

Similar to its effects on many industries, social media has turned the marketing world upside down. Traditional marketing was of an outbound variety. That simply meant that you pushed products or services on your customers or potential patients utilizing various one way, unidirectional, and typically expensive channels. Typical examples of outbound marketing initiatives include:

television
print
radio advertising
direct mail initiatives
blast e-mail campaigns

Inbound Marketing

Over the last two years, and especially over the last number of months there’s been a tremendous focus on the value proposition of an inbound marketing strategy. Outbound marketing efforts are on the decline. This is simply because people are now in control of the information they receive, and where they choose to receive it. In the outbound marketing world all the control was with the company. This is no longer the case. 80% of consumers trust the recommendation of a friend or colleague. 16% or so trust the information contained within and advertisement. Where are these consumers exchanging information about physicians, hospitals, diseases, products and other information they find useful — On Facebook, Twitter, and other internet/ social media platforms.

To understand the nature of inbound marketing is to understand the evolution of social media and the effect this has had on where people choose to curate their content or information from. Inbound marketing initiatives focus on placing information about you, your practice, your product, or your hospital in front of your perspective audience where they reside online and on the platform that they choose to utilize.

Some of the most effective inbound marketing techniques include content marketing as well as social media participation. This includes

blogs
video blogs
podcasts
And a “foundation” —or dynamic web 2.0 compliant website.

Once you have produced useful, actionable, meaningful educational content, you then need to combine this with a strong presence in social media. These efforts can dramatically increase the visibility of the content you generated. The essence of inbound marketing is to allow your audience to share and spread your content through their own networks, whether it be on Twitter, Facebook or aggregators such as Digg, and Reddit.

ROI of your Outbound vs Inbound Initiatives

Outbound marketing initiatives are quite labor-intensive, require the assistance of expensive marketing professionals, media professionals — and have a lower return on investment when compared to many successful inbound marketing initiatives. The cost of establishing a blog, generating meaningful content and utilizing an aggregating platform to share that content is far less expensive and time-consuming than developing a television, print ad campaign or direct mail campaign. In addition, 80% or more of your customers or patients are online and searching for information about you. Outbound marketing initiatives, do nothing to improve your search engine optimization, nor do they assist you in online reputation management.

Inbound techniques offer you the ability to improve your:

outreach
ability to educate
promote your service line
promote your practice
collaborate and engage
google ranking
reputation management

and offer a lingering “residuals” effect — long after the original content is published.

Marketing channels have changed on a fundamental level. Social media has revolutionized how we interact not only with each other, but with many of the products and services that we may wish to utilize. We are moving away from marketing channels which focus on pounding information into people’s heads. The focus is now on inbound techniques, which primarily focus on adding value by providing meaningful information, and engaging your potential customers or patients in a far more meaningful, engaging and social manner.

Once again, as I’ve said many times over, from a healthcare perspective — I feel that physicians have an obligation to produce meaningful, educational content for patients to identify and utilize when researching online. This aids them in drowning out much of the commercialized nonsense that a typical google search produces. That being said, most healthcare professionals who choose to establish a presence online will do so purely for marketing purposes.

The world has changed. Communication standards have changed. Does your marketing professional understand this? Do they understand the difference between inbound and outbound marketing initiatives, and how to promote your image, brand and service line with a properly planned, and executed social media strategy?

This is yet another reason why physicians, hospitals, device manufacturers, as well as the pharmaceutical industry need to place a social media agenda very high up in the ranks of importance when discussing their overall strategic and marketing initiatives.

Over 76% of consumers trust peer recommendations, either through social networks or more traditional means of communications. This compares to only 14% of consumers who have been shown to trust advertisements. In the past, word of mouth recommendations occurred offline at parties or dinners with friends. Today’s hyper-connected world brought forth by digital communications has tremendously increased the magnitude, rapidity and reach of those who have something to say about you or your practice.

In 2011 it is simply no longer advisable to simply have a static, template driven online “presence” or no presence at all. In today’s fast-paced world of digital communications, you must be where your potential patients chose to be. You must be in a position for them to find you on the platforms thatTHEY have chosen to use.

Possessing a firm understanding of the potential of a deep Inbound Marketing strategy, combined with a deep digital presence is of paramount importance… especially to healthcare providers who are being squeezed on all sides.

Learn more about Social Media and Healthcare: Inbound vs. Outbound Marketing at Howard J. Luks, MD – Howard J. Luks, MD – Chief of Sports Medicine and Arthroscopy.