The Opportunities and Challenges of Content Marketing
LAST UPDATED: TOPIC: Content Marketing
If your business has a website, you’ll naturally want to see the traffic to that website grow. You’ll want new customers engaging with your business online. How are you going to make that happen? Many brands have discovered that one of the most effective methods of connecting with their audience is by providing content that interests them. Content marketing has also shown to be 62% cheaper than traditional marketing methods.
According to a Brandwatch report, around 76% of B2B brands maintain a social media presence and those accounts are surprisingly popular. B2B brands using Twitter have an average of more than 47,000 followers while on Facebook they have more than 200,000 page likes. With an audience eagerly awaiting their latest posts, it’s no surprise that more brands are embracing content marketing as an effective, cost efficient way to build and maintain that vital connection with their audience.
The Blurring of the Lines
Content marketing is being embraced by many brands who also implement different lead generation strategies such as cpm marketing and similar, but nowhere more than in the world of traditional publishing. Media outlets such as RTÉ and The New York Times have begun to turn their attention to creating ‘branded content’ which they view as growth drivers as their printed advertising revenues continue to fall.
The New York Times now finds itself competing directly with BuzzFeed and Vice Media, companies that have long placed branded content at the centre of their business model.
Branded content is not without its critics, however. Many in the news industry believe that it confuses readers by blurring the distinction between reporting the news and advertising. But done well, branded content can create stories that capture and hold audience attention while maintaining the same production values as any newspaper or television story.
Productions of this quality require considerable support infrastructure. T Brand Studio, the brand marketing unit of The New York Times, employs 110 people and generates 18% of the company’s total digital advertising revenue. Sebastian Tomich, its Vice President of advertising and innovation, has said that publishers are taking more agency-like roles because in today’s market they can no longer control access to audiences as they did in the past. “Advertisers don’t need publishers’ audiences the way they used to; they can get that anywhere,” he says.
Why Create Quality Content?
The need for quality content is the greatest challenge facing B2B content marketing today. Content isn’t an end in itself; it is used to drive leads, and ultimately company revenue.
How successful are today’s marketers at accomplishing that goal? If we judge from their own assessment, the answer has to be ‘not very’. According to a recent survey just 30% of B2B marketers consider themselves to be ‘effective’, a figure that is down from 38% in 2014.
IDG Connect is quoted as saying: “86% of buyers say content is neither useful, relevant, nor aligned with needs of people in the buying decision.” If that’s the case, we need to ask: How can we improve content to make it more relevant? How can we align it better to the needs of the reader?
In 2016, research published at Harvard Business Review highlighted exactly what buyers are looking for in their content. The researchers discovered that buyers want to learn something new, but it must be something that is actionable. It must be something that leads to a change in behaviour. In-depth, informative content on its own isn’t enough. Buyers want information they can use.
Not Just the Facts
Human emotions also play an important role. Research conducted by CEB Marketing Leadership Council discovered that on average, B2B brands are significantly more emotionally connected to their audience than B2C brands.
That might seem surprising at first. Emotion is more usually associated with B2C marketing but when we consider the environment in which most business decisions are made, it makes more sense. B2B buyers spend large sums on their purchases. A wrong choice can have serious career implications for all involved. Do you remember IBM’s advertising slogan from the 1980s? It remains the best-known example of emotional marketing in the B2B world. “No one ever got fired for buying IBM.”
B2B buyers like the safe option. They like to feel that their decision isn’t going to backfire and cost them their job. Emotions matter in B2B content marketing. It is having the right mix of actionable facts combined with the emotional drive to take action that gets results.
The Production and Promotion Challenge
Whether you are creating content in a B2B or a B2C environment, there will always be challenges to overcome. One of the more significant of these is understanding the difference between producing great content and getting that content in front of the right audience. Successful content marketing always has two aspects.
- Creating the content
- Promoting the content
An individual or an agency that is great at one of these isn’t always right for the other. Don’t make the mistake of assuming that the same person can handle both sides of the operation. They are different skillsets. Another mistake you must avoid is assuming that organic promotion alone is enough. Organic promotion requires you to have a large following to start with. It’s difficult for your content to spread organically without that initial following so it’s advisable to explore some paid options as well.
Depending on your content, you could choose:
- Facebook News Feed Adverts
- Facebook Video Adverts
- YouTube Video Adverts
Choosing an Agency
If you don’t have the resources to manage all of your content marketing in-house, it makes sense to hire an agency to help. But how do you know what to look for in an agency? The first thing you will want to know is how the agency measures performance. A good agency will always follow the ‘Attract, Engage and Convert’ content model. This provides the greatest value as it is intended to align most closely with business goals.
Don’t rush your decision; take some time to understand how the agency works, and what type of clients they tend to have. You have to be comfortable working with them, and they with you. Be clear about your goals and resources at the outset. Mutual understanding is the key to fostering a successful company-agency relationship.
What Does Great Content Marketing Look Like?
There are many examples of brands using great content marketing. One of the biggest recent shifts has been the introduction of Facebook Live, offering brands the opportunity to connect with their audience live. US software giant, the SAP Store, made good use of this conducting a series of live shows where the audience could comment during the show.
More traditional content marketing success can be seen in the growth of any number of companies on the back of a stream of great content. Blogs, infographics, visual articles, data visualisations, slideshows and videos all help to get results. Whatever your goals for content marketing, do it well, and over time you will achieve them.