Wikipedia

Content marketing

Content marketing is a form of marketing focused on creating, publishing, and distributing content for a targeted audience online.[1] It is often used in order to achieve the following business goals: attract attention and generate leads, expand their customer base, generate or increase online sales, increase brand awareness or credibility, and engage a community of online users. Content marketing attracts new customers by creating and sharing valuable free content as well as by helping companies create sustainable brand loyalty, providing valuable information to consumers, and creating a willingness to purchase products from the company in the future.[2]

Organizing for content marketing. This figure depicts how companies organize to create content in harmony.
Organizing for content marketing. This figure depicts how companies organize to create content in harmony.

Content marketing starts with identifying the customer's needs. After that, the information can be presented in a variety of long form and short form formats, including news, video, white papers, e-books, infographics, email newsletters, case studies, podcasts, how-to guides, question and answer articles, photos, blogs, etc.[3] Examples of short form content include short blog posts and social media posts.[4]

Content marketing requires continuous delivery of large amounts of content, preferably within a content marketing strategy.[5]

History

Traditional marketers have long used content to disseminate information about a brand and build its reputation. Taking advantage of technological advances in transportation and communication, business owners began applying content marketing techniques in the late 19th century. They also attempted to build connections with their customers.

Year Author\Organization Action taken
1732 Benjamin Franklin Issuance of Poor Richard's Almanack to promote his printing business[6]
1888 Johnson & Johnson introduced a publication called "Modern Methods of Antiseptic Wound Treatment" targeted to doctors who used bandages. They also released two publications that contained tips for the medical community.[7]
1895 John Deere launched the magazine The Furrow providing information to farmers on how to become more profitable. The magazine, considered the first custom publication, is still in circulation, reaching 1.5 million readers in 40 countries in 12 different languages.[8]
1900 Michelin Developed the Michelin Guide, offering drivers information on auto maintenance, accommodations, and other travel tips. 35,000 copies were distributed for free in this first edition.[9]
1904 Jell-O Jell-O salesmen went door-to-door, distributing their cookbooks for free. Touting the dessert as a versatile food, the company saw its sales rise to over $1 million by 1906 [citation needed][10]

During the golden age of TV, between the 1940s and 1950s, advertising took over the media. Companies focused on sales rather than connecting with the public. There were few ventures into content marketing and not many prominent campaigns.

During the baby boom era, Kellogg's began selling sugary cereal to children. With this change in business model came sociable animal mascots, lively animated commercials and the back of the cereal box as a form of targeted content marketing. This represented a new approach to making a brand memorable with the audience.[11]

In the 1990s, everything changed for marketers. The arrival of computers and the Internet made websites and blogs flourish, and corporations found content marketing opportunities through email.

E-commerce adaptations and digital distribution became the foundation of marketing strategy.

The Internet also helped content marketing become a mainstream form of marketing. Traditional media such as newspapers, magazines, radio and TV started to lose their power in the marketplace. Companies started to promote and sell their products digitally.[12]

The phrase "content marketing" was used as early as 1996,[13] when John F. Oppedahl led a roundtable for journalists at the American Society for Newspaper Editors.

  • In 1998, Jerrell Jimerson held the title of "director of online and content marketing" at Netscape.[14]
  • In 1999, author Jeff Cannon wrote, "In content marketing, content is created to provide consumers with the information they seek."[15]

By the late 2000s, when social networks such as Facebook, Twitter, and YouTube were born, online content marketing was accessible, shareable and on-demand anytime worldwide.

By 2014, Forbes Magazine's website had written about the seven most popular ways companies use content marketing.[16] In it, the columnist points out that by 2013, the use of content marketing had jumped across corporations from 60% a year or so before, to 93%[17] as part of their overall marketing strategy. Despite the fact that 70% of organizations are creating more content, only 21% of marketers think they are successful at tracking return on investment.

Today, content marketing has become a powerful model for marketers. Storytelling is part of it, and they must convey the companies' messages or goal to their desired audience without pushing them to just buy the product or service.

Implications

The rise of content marketing has turned many traditional businesses into media publishing companies.[18]

For example:

  • Red Bull, which sells a high-energy beverage, has published YouTube videos, hosted experiences, and sponsored events around extreme sports and activities like mountain biking, BMX, motocross, snowboarding, skateboarding, cliff-diving, freestyle motocross, and Formula 1 racing. Red Bull Media House is a unit of Red Bull that "produces full-length feature films for cinema and downstream channels (DVD, VOD, TV)."[19] The Red Bulletin is an international monthly magazine Red Bull publishes with a focus on men's sports, culture, and lifestyle.
  • The personal finance site Mint.com used content marketing, specifically their personal finance blog MintLife, to build an audience for a product they planned to sell. According to entrepreneur Sachin Rekhi, Mint.com concentrated on building the audience for MintLife "independent of the eventual Mint.com product."[20] Content on the blog included how-to guides on paying for college, saving for a house, and getting out of debt. Other popular content included in-depth interviews and a series of financial disasters called "Trainwreck Tuesdays." The popularity of the site surged as did demand for the product. "Mint grew quickly enough to sell to Intuit for $170 million after three years in business. By 2013, the tool reached 10 million users, many of whom trusted Mint to handle their sensitive banking information because of the blog's smart, helpful content."[21]

The rise of content marketing has also accelerated the growth of online platforms, such as YouTube, Yelp, LinkedIn, Tumblr, Pinterest, and more.

For example:

  • YouTube, a subsidiary of Google, is an online video platform driving (and benefiting from) the surge to content marketing.[22] As of 2016, YouTube had over 1 billion users, representing 1/3 of all internet users and reaching more people 18–34 years of age than any cable provider in the U.S.[23]
  • Yelp, an online business directory, has seen 30% year over growth in the number of reviews, ending the second quarter of 2016 with 108 million reviews for over 3 million businesses.[24]

Businesses actively curate their content on these platforms with hopes to expand their reach to new audiences.

Part of transitioning to a media publishing mindset requires a change in structure and process to create content at "the speed of culture." Marketing content production is transforming from an advertising agency model to a newsroom model, according to one consultant.[25]

Common metrics

Metrics to determine the success of content marketing are often tied to the original goals of the campaign.

For example, for each of these goals, a content marketer may measure the different engagement and conversion metrics:

Brand awareness and visibility

Businesses focused on expanding their reach to more customers will want to pay attention to the increase in the volume of visitors, as well as the quality of those interactions. Traditional measures of volume include the number of visitors to a page and number of emails collected, while time spent on page and click-through to other pages/ photos are good indicators for engagement.[citation needed]

  • Number of visitors to a page
  • Time spent on the page
  • Click-through across pages/ photos
  • Number of emails collected

Brand health metrics

Businesses want to measure the impact that their messages have on consumers. Brand health refers to the positive or negative feedback that a company gets. It also measures how important a brand is for consumers. With this companies want to find out if brand reputation influences their customers to make a purchase.[26]

Measures in this part comprise

  • Share of voice (SOV) is the number of times a brand has been talked versus its competitors (conversations). Outside the digital world, SOV stands for the space and frequency a brand advertisement is placed on traditional media.
  • Sentiment is when the brand has positive, negative or neutral feedback.
  • Brand Influence refers to the number of times a post, comment or tweet is shared on different platforms.[27]

Diversified user base

For businesses hoping to reach not only more - but also new - types of customers online, they should pay attention to the demographics of new visitors, as evidenced by cookies that can be installed, different sources of traffic, different online behaviors, and/or different buying habits of online visitors.

  • Demographics of visitors (i.e., age, gender, location, income, interests, device preference, etc.)
  • Sources of traffic (i.e., SEO, social media, referral, direct)
  • Differences in buying patterns and user-behavior of visitors

Sales

Businesses focused on increasing sales through content marketing should look at traditional e-commerce metrics including click-through-rate from a product-page to check-out and completion rates at the check-out. Altogether, these form a conversion funnel. Moreover, to better understand customers' buying habits, they should look at other engagement metrics like time spent per page, number of product-page visits per user, and re-engagement.

  • Conversion through the sales process (the process from sign-up to check-out), including click-through-rates at each stage of the conversion funnel
  • Time spent on the page
  • Re-engagement (i.e., % of returning visitors)
  • Click-through across product pages

Innovation metrics

Refers to companies that want to analyze whether their social media campaigns are generating commentary among consumers. This helps them to come up with ways to improve their product and service. This involves "high level of brand engagement and builds brand loyalty".[28]

Examples:

  • When a company makes a post through their social media platforms and shares their ideas, consumers can be influenced or motivated to share their opinions.
  • Trend spotting refers to the latest consumers' comments about a brand, product or service that must be targeted. Some tools can be provided by Google Trends, Trendsmap (Twitter) and other sites that report what is in everybody's mouths worldwide.

Digital use

Digital content marketing

Digital content marketing, which is a management process, uses digital products through different electronic channels to identify, forecast and satisfy the necessity of the customers.[29]

Examples:

  • On March 6, 2012, Dollar Shave Club launched their online video campaign. In the first 48 hours of their video debuting on YouTube they had over 12,000 people signing up for the service. The video cost just $4500 to make and as of November 2015 has had more than 21 million views. The video was considered one of the best viral marketing campaigns of 2012 and won "Best Out-of-Nowhere Video Campaign" at the 2012 AdAge Viral Video Awards.
  • The Big Word Project, launched in 2008, aimed to redefine the Oxford English Dictionary by allowing people to submit their website as the definition of their chosen word. The project, created to fund two Masters students' educations, attracted the attention of bloggers worldwide, and was featured on Daring Fireball and Wired Magazine.[30]
  • In mid 2016, an Indian tea company (TE-A-ME) has delivered 6,000 tea bags[31] to Donald Trump and launched a video content on YouTube and Facebook. The video campaign received various awards including most creative PR stunt[32] in Southeast Asia after receiving 52000+ video shares, 3.1M video view in first 72-hour and hundreds of publication mentions (including Mashable, Quartz,[33] Indian Express,[34] Buzzfeed[35]) across 80+ countries.
  • Spotify started its viral marketing campaign Spotify Wrapped in 2016.[36] The campaign was designed to promote Spotify by encouraging people to share their music taste on social media. The release of Spotify Wrapped in early December each year has historically correlated with a boost to Spotify's app store ranking.[36] In December 2019, more than 1,200,000 posts on Twitter were about Spotify Wrapped after it came out near the beginning of the month.[37]

Way of digital content marketing

Combination of the supply chain and the users' experience

The supply chain of digital content marketing mainly consists of commercial stakeholders and end-user stakeholders which represent content providers and distributors and customers separately.[38] In this process, distributors manage the interface between the publisher and the consumer, then distributors could identify the content that consumers need through external channels and implement marketing strategies. For instance, Library and document supply agencies as intermediaries can deliver the digital content of e-books, and e-journal articles to the users according to their search results through the electronic channels. Another example is when consumers pay for the acquisition of some MP3 downloads, search engines can be used to identify different music providers and smart agents can be used by consumers to search for multiple music provider sites. In a word, the digital content marketing process needs to be conducted at the business level and service experience level because when consumers are accessing digital content, their own experience depends on the complex network of relationships in the content marketing channels such as websites and videos. The consumers interact directly with distributors in the big supply chain through various digital products which have an important role in meeting the requirements of the consumers. The design and user experience of these channels directly decides the success of digital content marketing.[29]

Interaction with the consumer through electronic service

Electronic services refer to interactive network services.[39] In the electronic service, the interaction between the customer and the organizations mainly through the network technology, such as using E-mail, telephone, online chat windows for communication. Electronic services are different from traditional services and they are not affected by distance restrictions and opening hours. Digital content marketing through electronic service is usually served together with other channels to achieve marketing purposes including face-to-face, postal, and other remote services. Information companies provide different messages and documents to customers who use multiple search engines on different sites and set up access rights for business groups. These are some channels of digital content marketing.[29]

See also

References

  1. ^ Pulizzi, Joe; Barrett, Newt (February 2010). ""Get Content Get Customers"-Turn Prospects into Buyers with Content Marketing". NSB Management Review. 2 (2): 98–100. Retrieved 29 October 2018.
  2. ^ Le, D., 2013. Content marketing.
  3. ^ "What is Content Marketing?: Content Marketing". Forbes. Retrieved 19 September 2014.
  4. ^ McCoy, Julia (17 February 2023). "What is short-form content? Your guide to when and how to use it". Search Engine Land. Retrieved 13 December 2023.
  5. ^ Lieb, Rebecca (2011-10-14). Content Marketing: Think Like a Publisher - How to Use Content to Market Online and in Social Media. Que Publishing. ISBN 9780789748379.
  6. ^ Pulizzi, Joe. "The History of Content Marketing Updated Infographic". Content Marketing. Retrieved 27 April 2017.
  7. ^ Pulizzi, Joe. "The History of Content Marketing [Updated Infographic]". Content Marketing Institute. Retrieved 27 April 2017.
  8. ^ John Deere: The Media Company (Video). Content Marketing Institute. 30 April 2012.[dead YouTube link]
  9. ^ "The Michelin Guide: 100 Editions and Over a Century of History". Michelin. Archived from the original on 5 May 2013. Retrieved 3 February 2009.
  10. ^ Wyman, Carolyn (31 October 2001). Jell-O: A Biography. Mariner Books. ISBN 978-0156011235.
  11. ^ "Breakfast cereal mascots: Beloved and bizarre". www.cbsnews.com. 2013-04-07. Retrieved 2023-10-10.
  12. ^ Lee White, Rebecca. "The History of Content Marketing: An Essential Guide". TrackMaven. Archived from the original on 11 May 2020. Retrieved 27 April 2017.
  13. ^ "Roundtable: Content Marketing". asne.org. Archived from the original on September 21, 2013.
  14. ^ "Netscape to offer Web forums". CNET. CBS Interactive.
  15. ^ Cannon, Jeff (1999), 'Make Your Website Work For You', pg. 45. McGraw Hill Professional, ISBN 978-0071352413
  16. ^ The Top 7 Content Marketing Trends Dominating 2014 Forbes.com (2014-08-24). Retrieved on 2014-09-22
  17. ^ 2014 B2B Content Marketing Research: Strategy is Key to Effectiveness ContentMarketingInstitute.com (2013-10-01). Retrieved on 2014-09-22
  18. ^ Clark, Nicola (20 December 2015). "An Old-Media Empire, Axel Springer Reboots for the Digital Age". The New York Times. Retrieved 4 February 2016.
  19. ^ "Red Bull Media House: Feature Films". Archived from the original on 20 November 2015. Retrieved 4 February 2016.
  20. ^ "How To Build Your Audience Well Before Launching Your Product". Retrieved 4 February 2016.
  21. ^ "How Mint Turned Content Into a Big Business". The Content Strategist. 23 March 2015. Retrieved 4 February 2016.
  22. ^ "GOOG 10-Q Q2 2015". www.sec.gov. Retrieved 2016-09-28.
  23. ^ YouTube. "Statistics - YouTube". www.youtube.com. Retrieved 2016-09-28.
  24. ^ "Event & Presentations | Investor Relations | Yelp". www.yelp-ir.com. Retrieved 2016-09-29.
  25. ^ "Marketing at the speed of culture". American Marketing Association. 16 December 2019. Retrieved 28 August 2020.
  26. ^ Turban, Efraim; Strauss, Judy; Linda, Late (2016). Social Commerce : Marketing, Technology and Management. Springer. p. 119. ISBN 978-3-319-17027-5.
  27. ^ Turban, Efaim; Strauss, Judy; Lai, Linda (2016). Social Commerce : Marketing, Technology and Management. Springer. pp. 119–120. ISBN 978-3-319-17027-5.
  28. ^ (Turban, Strauss, Lai, " Social Commerce : Marketing, Technology, and Management" 2016 . Accessed April 2017 )
  29. ^ a b c Rowley, Jennifer (2008-07-07). "Understanding digital content marketing". Journal of Marketing Management. 24 (5–6): 517–540. doi:10.1362/026725708X325977. ISSN 0267-257X. S2CID 167395416.
  30. ^ "Grad Students Redefine Easy Money With $1-a-Letter Web Site". Wired. 2008-04-21.
  31. ^ "Donald Trump sent 6,000 green teas to 'cleanse' him". The Independent. 2016-07-15. Retrieved 2017-05-08.
  32. ^ "Winners | PR Awards 2017 Southeast Asia". www.marketing-interactive.com. Archived from the original on 2017-04-28. Retrieved 2017-05-08.
  33. ^ Balachandran, Manu. "An Indian company sent 6,000 bags of green tea to Donald Trump to "cleanse" him". Quartz. Retrieved 2017-05-08.
  34. ^ "Namaste from India: Assam tea company sends 6,000 tea bags to Donald Trump to 'purify mind'". The Indian Express. 2016-07-14. Retrieved 2017-05-08.
  35. ^ "Two Women Hand-Delivered 6,000 Tea Bags To Trump Tower To Help Donald Trump "Purify" Himself". BuzzFeed. Retrieved 2017-05-08.
  36. ^ a b Braun, T. (2020-05-11). ""Dance like nobody's paying": Spotify and Surveillance as the Soundtrack of Our Lives". Electronic Thesis and Dissertation Repository.
  37. ^ Swant, Marty. "Spotify Rolls Out New 'Wrapped' Campaign To Help Users Remember Their Decade Of Music". Forbes. Retrieved 2023-08-09.
  38. ^ Umeh, Jude C. (2007-01-01). The World Beyond Digital Rights Management. BCS, The Chartered Institute. ISBN 9781902505879.
  39. ^ Boyer, Kenneth K.; Hallowell, Roger; Roth, Aleda V. (2002-04-01). "E-services: operating strategy—a case study and a method for analyzing operational benefits". Journal of Operations Management. New Issues and Opportunities in Service Design Research. 20 (2): 175–188. doi:10.1016/S0272-6963(01)00093-6.
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