10 Most Effective SaaS Marketing Channels and Tactics to Drive Growth in 2024

Published by: Amit Kakkar
Published on: May 22, 2024
Last updated on: July 20, 2024

Last Updated on July 20, 2024 by admin

The SaaS industry is growing by leaps and bounds and becoming more competitive than ever. 

In 2019, the global SaaS Market size was valued at USD 215.1 billion. It is projected to grow from USD 257.47 billion in 2023 to USD 1298.92 billion by 2031.

If you want to gain more customers, stay ahead of the curve, and drive product growth in 2024, you need to leverage a blend of advanced technology and the right SaaS marketing tactics.

Modern marketing strategies require a personalized approach, relationship building, and targeted messaging to convert your prospective customers into clients. 

A combination of effective strategies can put your SaaS business in front of the right people at the right time. 

But with a plethora of SaaS businesses across many verticals, how can you make your SaaS solution stand out from the rest? Wondering how you can promote and market your SaaS product and services?

Well, we’re here to help you.

In this article, we recommend some of the most effective SaaS marketing tactics and channels, each designed to address distinct aspects of a comprehensive and effective marketing strategy.

But let’s first discuss what B2B SaaS marketing is.

What is B2B SaaS Marketing?

In a nutshell, SaaS marketing refers to any marketing strategies and tactics to promote, market, and sell your cloud-based SaaS products and services. 

It boosts brand awareness, promotes the SaaS software, acquires and retains customers, brings your SaaS to market, and defines your product positioning and messaging. 

Unlike B2C marketing, B2B SaaS marketing requires a unique approach and using specific channels & tactics to meet your potential customers’ unique SaaS software needs and preferences. 

Effective SaaS marketing involves understanding the target market, identifying customers’ pain points, showcasing your product’s USP, and providing tailored solutions through cutting-edge software. 

Besides, marketing subscription-based SaaS software is different from marketing a simple product. It’s not about attractive promos; it’s about communicating the value of your software. 

So, how to create an effective marketing strategy for your SaaS solution?

Well, here are the expert-recommended top 10 SaaS marketing channels and tactics that will help you increase sales. 

Tactics and Channels to Market Your SaaS Solutions in 2024

1. Leverage Search Engine Optimization (SEO)

SEO will be the number one strategy for SaaS companies to market their products and services in 2024. SEO helps your content rank higher on search engines, increasing your visibility and driving organic traffic to your website.

You can consider these three types of SEO to market your SaaS product and services:

• On-page SEO: It involves optimizing your website’s copy, using relevant keywords, and ensuring a user-friendly interface. 
• Off-page SEO: It focuses on building high-quality links, engaging on social media, and collaborating with industry influencers. 
• Technical SEO: It includes improving title tags, speeding up page load times, and making your site mobile-friendly.

These strategies improve key factors like direct visits, time on site, and bounce rates, boosting your domain authority and product sales. Investing in SEO might seem costly initially, but it offers great long-term ROI and is essential for growing your SaaS business.

2. Use Social Media to Connect with Your Potential Customers

Using social media is a powerful tool for SaaS marketing. It helps you reach your ideal audience, increase brand awareness, and boost loyalty, ultimately driving sales and revenue. Platforms like LinkedIn, Twitter, and Facebook are powerful tools for connecting with potential customers and showcasing your product’s benefits.

To maximize social media’s potential:

• Start by identifying which platforms your target market uses. 
• Focus your efforts there and create engaging content that encourages interaction. 
• Use social media ads to reach a broader audience, and consider partnering with influencers to promote your product.

Social media marketing allows you to build a strong online presence and engage directly with your audience. For instance, LinkedIn is great for targeting job roles and industry segments, making it ideal for B2B SaaS marketing. 

By following best practices, such as posting valuable content and engaging in conversations, you can create a loyal following and drive demand for your SaaS product.

3. Embrace Content Marketing

Content marketing is crucial for SaaS marketing because it helps you showcase your expertise, build trust, and attract potential customers. By creating valuable and informative content, you can establish your SaaS company as a thought leader in the industry and educate potential customers about the benefits of your product.

A solid content marketing strategy involves creating educational blog posts and articles that address common pain points and offer actionable solutions. This attracts potential customers who are searching for solutions online. Additionally, producing case studies and whitepapers highlights success stories and the benefits of your product.

It’s important to consistently produce high-quality, keyword-optimized content that speaks directly to your target audience. This helps improve your visibility on search engines and drives more inbound traffic. 

Offering valuable content like infographics, eBooks, and videos in exchange for contact information can help convert visitors into marketing-qualified leads, move them further down your sales funnel, and increase your chances of making a sale.

4. Implement Referral Marketing Programs

By leveraging word-of-mouth referrals from existing customers, you can attract new users and grow your brand effectively. Offering incentives like discounts, free features, or gifts motivates customers to refer friends or colleagues. 

Research shows that referrals from trusted sources are highly effective in generating leads. In fact, referred customers are 18% more loyal than customers acquired by other means and can bring you a 25% higher profit margin. 

To create a successful SaaS referral program:

• Define clear goals and target audiences
• design compelling incentives
• Develop engaging messaging
• Create an efficient tracking and reporting system
• Monitor key metrics and make changes accordingly.

Implement an efficient tracking system to measure the program’s success and adjust strategies accordingly. With sustained effort and optimization, a well-executed referral program can significantly lower acquisition costs, expand your customer base, and increase revenue for your SaaS business.

5. Get Listed on SaaS Review Sites 

According to a recent survey conducted by Brightlocal, “50% of consumers trust online reviews as much as personal recommendations”. Therefore, getting listed on SaaS review sites like G2 and Capterra is a key strategy for your SaaS marketing. 

These platforms help you connect with potential customers and showcase the quality of your product. You can build a strong reputation and attract new users by listing your SaaS product and encouraging customers to leave honest reviews.

Positive reviews boost your credibility, making prospective customers more confident in choosing your SaaS solution. Sharing product details, case studies, and testimonials on these sites further enhances trust and brand equity. Review sites also offer marketing tools like search optimization and paid ads to increase your visibility.

As many buyers conduct research before contacting sales, having a presence on review sites ensures your solution is visible to those seeking software recommendations. If you’re not already listed, reach out to these platforms to get your SaaS product featured and leverage the power of online reviews to grow your business.

6. Try Video Marketing 

Did you know that viewers retain 95% of a video’s message compared to 10% when reading the text? This makes video an excellent way to showcase your product’s features and capabilities, helping with both customer retention and lead generation.

Create videos that guide viewers through your product and demonstrate how it solves their problems. Educational videos repurposed from your blog and social media content can also be effective. Keep your videos customer-centric and relevant to their needs, not just product-focused.

Different video formats work for different stages of the customer journey. Short, informational videos on Facebook and Instagram can drive awareness, while detailed tutorials on YouTube can help those considering your product. 

Gating demo videos, where users sign up to view them, improve lead quality and engagement. You can boost customer retention, generate leads, and ultimately grow your SaaS business by implementing video marketing.

7. Launch Targeted PPC Campaigns

Actionable SaaS PPC (Pay Per Click) campaigns allow you to bid on keywords and only pay when someone clicks on your ad, ensuring cost-effectiveness. This approach helps you reach your target audience more efficiently, as you can select keywords that potential customers are likely to use.

By focusing on relevant keywords and creating compelling ad copy with strong calls-to-action, you can drive traffic to your website and increase conversions. A/B testing different landing pages helps optimize your campaigns, ensuring you get the most from your investment.

PPC campaigns are especially beneficial for B2B SaaS companies, as they often see higher trust and conversion rates on Google through retargeting ads and text-based search ads. While SEO is a long-term strategy, PPC can deliver immediate results, effectively generating leads and achieving a higher marketing ROI.

8. Invest in Email Marketing 

Email marketing is a game-changer for SaaS businesses. It’s not just about pitching your product; it’s about nurturing relationships. 

• Newsletters keep users engaged with updates and features. 
• Acquisition emails speed up the journey from interest to purchase. 
• Retention emails ensure customers stick around by offering value and support. 

With smart segmentation and automation, you can send personalized messages that resonate. Plus, the ROI is unbeatable, you stay top-of-mind with regular updates while building trust and loyalty. 

Remember, keep it short, use visuals, and personalize—it’s all about making connections and driving action. 

9. Offer free SaaS Trials

Offering free trials lets potential customers experience your product without any financial commitment, building trust and interest. A well-designed onboarding process is crucial, helping users quickly understand and benefit from your product’s features. Free trials often lead to new customers and increased recurring revenue, as there’s no cost to let prospects try the software.

Free trials are low-risk for the customer since there are no shipping or return costs involved. They also provide a great opportunity to showcase your excellent customer service. Gathering feedback during the trial period is invaluable for improving your product and refining your marketing strategies.

Keep the sign-up process simple to maximize effectiveness and avoid requiring credit card details upfront. Offering discounts or reminders towards the end of the trial can encourage conversions to paid subscriptions. Following these practices can attract more users and drive long-term growth.

10. Demonstrate Live Demos

Live demos are an effective way to connect with potential customers, demonstrate the practical benefits of your product, and increase the likelihood of converting leads into paying users. They allow potential customers to see your product in action, understand its benefits, and see how it meets their needs. 

Unlike pre-recorded demos, live demos are interactive and personalized. A knowledgeable presenter can answer questions on the spot and address specific issues that the audience faces.

This interaction builds trust and helps move potential customers through the sales funnel more quickly. Live demos also provide a chance to tackle common concerns and remove any barriers to conversion. By showing the product’s capabilities in real-time and engaging directly with prospects, live demos make it easier for them to see the value of your SaaS solution.

Final Thoughts

SaaS marketing is crucial for any SaaS company’s success. To market your SaaS product or service effectively, you need to understand what SaaS marketing involves and use key tactics to reach your goals.

Important SaaS marketing strategies include creating a strong online brand presence, producing clear and engaging content for your audience, optimizing your website for search engines, and using social media to build relationships and stay top-of-mind with potential customers. Regularly monitoring and analyzing your efforts is essential to maximize ROI and make necessary adjustments.

Consider working with a specialized SaaS marketing agency like Growthner for tailored and effective SaaS marketing strategies. They can help you create and implement a marketing plan that fits your specific needs and goals.

Remember, there’s no one-size-fits-all approach to SaaS marketing. The best strategy depends on your target market, product or service, and business goals. By following these tips, you can develop a successful SaaS marketing strategy for your company.