You’ve got to know what’s out there if you’re going to attract the audience you want. So it’s worthwhile to evaluate your content marketing in relation to what’s already out there.
You’ve got to know what’s out there if you’re going to attract the audience you want. The best content in the world won’t gain any traction if someone else said the same thing 15 minutes ago. So it’s worthwhile to evaluate your content marketing in relation to what’s already out there. Here are three steps to completing a competitive content marketing review:
Step 1. It’s Not About Your Competitors’ Content (Yet)
You may be tempted to fire up your browser, do some searches for the terms you want to rank for, and see who and what pops up. That would be a mistake that can lead you down a rabbit hole and far, far away from your own goals.
Begin first by examining your own content and your analytics data to see what content you’ve created that has performed best. This will give you a baseline against which to evaluate the results you find on competitive sites.
Your goal during this content marketing review isn’t to beat everyone in everything – even if that was possible. Your goal is to beat all competitors in the niches you identify as most important to your target audience and in which you have significant expertise or perspective.
Step 2. Review Your Marketing Goals
Next, review your sales, marketing, and product goals to make sure the content you have out in the world is working toward the goals you have today. It’s not uncommon for older content, aimed at other goals, to continue to garner a strong audience. Of course, being off target, these content elements don’t help your bottom line. (Which is another great reason to perform a content marketing review at least annually and prune or edit content that isn’t aligned with your marketing message.)
Step 3. Review Competitors’ Content Marketing
With all of that information in hand, now it’s time to fire up your browser and see what content you are competing with in your chosen niche. Be sure your review includes long-tail keyword phrases as well as broader queries. This should help you get a solid picture of your content strengths and weaknesses from the top of your funnel to the bottom.
You’ll also want to check the products/services that are being marketed by the content you find. It may be that some keyword phrases are more commonly used in other industries or in other ways than you intend. Performing well against those keywords may drive traffic, but it’s unlikely to generate conversions.
To summarize all of the above, your content marketing review should focus on evaluating:
Targeting — are you speaking to the right audience?
Content — are you addressing your prospects’ primary concerns?
Distribution — are you getting content in front of your target audience?
There’s a spirited debate in B-to-B marketing about whether it’s best to give away information (aka “content,” like white papers and research reports) to all comers, versus requiring web visitors to provide some information in exchange for a content download. In other words, to gate your content or not to gate. The debate involves aspects of both ROI and philosophy. Here’s why.
There’s a spirited debate in B-to-B marketing about whether it’s best to give away information (AKA “content,” like white papers and research reports) to all comers, versus requiring Web visitors to provide some information in exchange for a content download. In other words, to gate your content or not to gate. The debate involves aspects of both ROI and philosophy. Here’s why.
I know that plenty of very smart and well-respected Internet marketing experts line up with dear old Stewart Brand, founder of the Whole Earth Catalog, who famously said in 1984 that information “wants to be free.” The underlying assumption there is that people buy from companies that they trust—a valid point, to be sure. Casting a net through free—unimpeded—distribution of content encourages both trust and, perhaps more importantly, wide dispersal and sharing of information. You’ll get to a much bigger audience, who will be educated on the solutions to their business problems, will be grateful for the free info and, one hopes, will think of you when they’re ready to buy. So far, so good.
The problem is that this model—which lives under the umbrella concept known as “inbound marketing”—leaves marketers in a serious quandary. We don’t have any way of knowing who is reading our informative, educational and helpful content. We are left sitting on our thumbs, unable to take any proactive steps toward building relationships with these potential prospects. All we can do is wait for them to contact us and, we hope, ask us to participate in an RFP process, or, more likely, give them more info and more answers to their questions. Is that any way to sustain and grow a business relationship—not to mention meet a revenue target? In my view, it leaves too much to chance.
Let’s look at the numbers. The ROI model for inbound marketing says that distributing the content to a wide audience will eventually result in more sales than gating the content and marketing proactively to a smaller universe. Let’s look at how these numbers might actually work:
To start the conversation, say that wide distribution would put your content in front of 10,000 prospects, via free downloads and pass-along.
In contrast, we might similarly assume that by gating, and requiring some contact information in exchange for the content download, we would only get 1 percent of that distribution: 100 prospects. These are now legitimate inquirers, and we can conduct outbound communications to them. By applying typical campaign conversion rates, we could predict that of 100 inquiries, 20 percent will qualify—producing 20 qualified leads. Of those, we’ll be able to contact 50 percent (or 10), and of them 20 percent will convert, resulting in 2 sales.
But how many sales will we get from the 10,000 with whom have no direct connection? It’s hard to say. When inquiries come in, we can ask where they heard of us, and certainly some will say they read the white paper, or whatever content we put into circulation. But this data tends to be unreliable. Inquirers usually don’t remember how they heard of you, or they just make up an answer to get the question out of the way.
This is exactly why business marketers debate the subject with such vigor. We have data, and thus proof, on the gating side. But we only have conjecture on the other. So it boils down to which side you believe. It’s tough to do sustainable marketing on faith.
Myself, I grew up as a marketer in the world of measurable direct and database marketing. So it’s no surprise that I favor the gating side of the fence. I like marketing campaigns that provide predictable results. Where I can stand up in court and show a history of my campaign response rates, conversion rates, and cost-per-lead numbers. And most important, where I can reasonably expect to deliver a steady stream of qualified leads to my sales counterparts, who are relying on me to help them meet their quotas.
So that’s my argument for gating content in B-to-B marketing. I understand the logic of the other side. And I see clearly situations where it makes sense to let the information run free-as a teaser, for example, to persuade prospects to come and get the richer information that is so useful that they’ll be falling all over themselves to give me their name, title, company name and email address. But what about you? Where do you sit in this debate? It’s a biggie.
A version of this post appeared in Biznology, the digital marketing blog.
What are the economics of producing and distributing a direct marketing video? And, how does it line up with costs for direct mail? If you’re a traditional direct marketer who has lived and breathed marketing costs, then running the numbers should come naturally. For this discussion, we’ll use direct mail as the comparison because historically it’s the distribution channel of choice
What are the economics of producing and distributing a direct marketing video? And, how does it line up with costs for direct mail? If you’re a traditional direct marketer who has lived and breathed marketing costs, then running the numbers should come naturally. For this discussion, we’ll use direct mail as the comparison because historically it’s the distribution channel of choice for direct marketers.
We’ve created a “Video Budget Checklist” that helps you itemize cost comparisons of creative, production and distribution between video and direct mail. If you’d like a copy, email me using the link in the left column. It’s free for our readers.
Direct mail can come in all sorts of configurations. Low-cost postcards. A simple package of a letter and flyer inside an envelope. Or more expensive with multiple enclosures such as a letter, fold-out four-color brochure, lift note, order form, reply envelope and outer envelope. Sometimes the outer envelope is a custom size or has an oversize window, or there are expensive die-cuts on cards or tip-on elements that are outside of typical print configuration.
The fixed costs to create each of these packages by employees, agencies or freelance creative teams are pretty broad, from several hundred dollars to well into the five-figures when using proven, top-flight direct response creative professionals.
A wide range of configurations can apply to video production, just as it can to direct mail.
You can pop out a 45-second video using your Webcam or flip-camera and post it on YouTube. You just have to ask yourself if the poorly lit, distracting background, muffled or echoey sound of that presentation exemplifies your organization. Alternatively, the video could be purely voice-over with words scrolling along on the screen. Or you can make it visually more alive with photography images or stock video footage. At a more costly level, you might shoot testimonials or interviews in a studio or shoot on location to demonstrate your product. Of course, length impacts cost (just as the number of components impacts cost in direct mail). There are a lot of variables that go into video production, just as there are for direct mail.
The point is this: Start with a budget you’re comfortable with, talk with writers (ideally writers experienced in both direct response print, online and video), develop a video script and storyboard, and work with a skilled video editor. Don’t just be wowed by special effects on someone’s demo reel. Dig in and learn what results were produced from some samples or case studies. You might just want voice-over with images on screen. (See our last blog post for an example of a 3-minute video and details of how we adapted it from a direct mail package.)
If your personality is a draw, you can record yourself on a small camera that can fit in a pocket with a lav microphone for under $200, total. Make sure you have good lighting and background. Or spring $500 or so and get a green screen and lights. That’s the equipment we use to shoot our video for this blog. Be aware, assembling the right equipment and editing software is the easy part. Knowing how to use it all to your best advantage comes from training and practice—or hiring a pro.
Distribution Costs For direct mail, you have list costs if you’re renting names, data processing, printing, lettershop and postage. The cost can range widely. If you’re testing in small quantities, you’ll pay more per piece.
Knowing the volume of prospects or prior customers to mail, the marketer calculates how many responses are needed to make a specific profit (or break-even) objective. Translate that number into a required response rate to meet your objectives—your allowable marketing cost—and presto, you can use the test of reasonableness to see if the numbers pan out.
For video, your distribution cost is driving viewers to your landing page. You might email your customer file, or rent a list, and give the reader a compelling reason to click to your landing page to watch the video, possibly opt-in for more information, or attempt to convert to a buyer then. You will need to include the cost to set-up the landing page and related items.
We suggest you begin with a budget where your objective is to create a video for the amount of money it would cost to produce a moderate to elaborate direct mail package (although video production on the cheap is possible—and might work).
Then compare the cost to print and mail a direct mail package versus that of emailing (whether it’s to customers at a low cost to email, or rent an email list at a higher cost). And add in the cost for developing your landing page. Chances are your cost per contact will be less for email and the landing page, but as we all know, it all comes down to the cost per sale or lead so bring your focus back to this metric.
Bottom line: just as you’d run the numbers to see if it makes financial sense to use direct mail, you need to run the numbers for video, too. And you just might be surprised how favorable the numbers look to reach out and explore video.
For those of you who are Gen Xers or Baby Boomers, you’ll probably remember a popular TV show from the 70’s called The Six Million Dollar Man. The lead character was Steve Austin, also known as the ‘bionic man,’ as he had abilities to do things at an exceptional level, compared to other people. Well, the following are real-life questions I’ve received from readers, subscribers, clients and colleagues.
[Editor’s note: This is the first installment in a series of three blog posts.]
For those of you who are Gen Xers or Baby Boomers, you’ll probably remember a popular TV show from the 70’s called The Six Million Dollar Man.
The lead character was Steve Austin, also known as the ‘bionic man,’ as he had abilities to do things at an exceptional level, compared to other people.
Well, the following are real-life questions I’ve received from readers, subscribers, clients and colleagues. Little useful nuggets of information and best Internet marketing practices—all to help make your business ‘bionic’—that is—better, stronger, faster.
Today’s best practices focus on online press releases and social media marketing. Enjoy!
Question: When it comes to online press releases, I know that PRWeb.com has been the defacto standard. However, I just came across another one that appears to offer a very well-rounded option called: www.prleap.com. Have you heard of them? What do you use/recommend?
Answer: I try to use ‘free’ online press distribution services whenever possible. PRLeap used to be free, now they charge a nominal fee. They do, however, get good listings on the search engine results pages (SERPs). But if you don’t have a budget for press distribution and you’re looking for top notch free sites, check out www.i-newswire.com, www.prlog.org, and www.free-press-release.com. I use these all the time. Another great paid press release distribution service is, PRWeb.com. They provided added distribution to traditional media outlets, publication and periodical websites. Online PR is great tactic to increase your website’s visibility for SEO and traffic generation.
Question: What are some tips for getting the best results with online PR?
Answer: With online PR, the most important things are creating a newsworthy release which is keyword dense. It should also contain useful information for your target audience as well as media and bloggers. Releases that do well with pick up are usually about a company milestone, contrarian viewpoint, trend or forecast, important statistical data, launch of something (product, book, website) and similar information. The headline and sub-headline should have your top 5 keywords. In addition, your keywords should be sprinkled throughout the body of the release. There should always be a link to the longer version, which should be housed on your website in a ‘Press Room’ or ‘News’ section. And of course, there should be an ‘About’ portion of the release containing information or bio on the focus of the release. Having a call to action in the bio section is another great way to drive readers back to your site. For instance, having a ‘For more information or to sign up for our free enewsletter, click here now’.
Question: Can social marketing efforts be measured?
Answer: Yes, they sure can. Even better, the tools are all free and based off of good old fashioned direct response and public relations metrics—the 3 O’s-outputs, outcomes and objectives.
The tools are all free and based off of the 3 O’s:
Outputs measure effectiveness and efficiency. For our example, I’d look at Google Analytics for spikes in traffic and ezine sign ups the days following social media efforts.
Outcomes measure behavioral changes. For example, for this metric, I’d look at customer feedback… emails, phone calls, or website comments following social marketing efforts, and ‘likes’ or ‘shares’ on posted articles. Relevant Google Alert results.
Objectives measures business objectives and sales. For example: The most obvious and directly related metric is direct sales of the product that are tied to the editorial that may be linked to your social marketing efforts.
For each of the above, I would compare the current campaign data versus the year-to-date (YTD) average and year-over-year data to clearly illustrate pre- and post- campaign performance.
Question: Do I need to market my social media accounts? Won’t people find me with the right keywords.
Answer: Not really. You DO need to market your social media accounts. Sure the right keywords in your account profile and bio page will help, but think of your social marketing efforts as an extension of your brand and implement ‘social marketing branding’. Remember to include your social media account profile name, link, or icon in most everything you do:
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