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content as value
                   How content
                   marketing can
                   help your brand

creation tool      create lifelong
                   consumer value.




                       FEBRUARY, 2013
EXECUTIVE SUMMARY
Content marketing is all the rage. In a distracted world, where consumers are bombarded

with advertising and overwhelmed by media and device choices, brands are searching for

a new ways to connect—ideally over the long term. And many marketers are turning to

content with varying degrees of success.



What does it mean for a brand to engage in content? What, exactly, is content anyway?

What value is it to brands? Do brands have the right to compete against publishing

companies? How do brands know whether or not their content is driving business results?



This whitepaper will touch on all of these topics. But, if there’s one thing to remember, one

cardinal rule for brands to follow when starting a content marketing program it is this:



Content is often categorized as art or commodity, but for marketers, that misses the point.

First and foremost, it needs to be thought of as a tool for driving discovery, engagement and

trial. And, like all tools it has a purpose—to provide value to the consumer. On that score,

content can always be optimized to provide ever more consumer value, which translates into

ever more brand value.



Written by Craig J. Heimbuch—award-winning journalist and author, best-selling ghostwriter

and Senior Content Strategist at Barefoot Proximity—this whitepaper provides a framework

for brands looking to stand out by creating lasting, even lifelong relationships with

consumers via content.



                                             2
CONTENT marketing
The Path to Lasting Value

All brands seek to connect and bond with consumers. And most brands rely heavily on

advertising to help achieve this. But has there ever been a brand that has bonded deeply

with consumers by just advertising its products’ utility? Has an ad campaign alone ever

done the really hard work to create that special bond? Probably not. Sure, there are those

campaigns that strike a deep chord with people, but in general it’s not the things a brand

says in its advertising that make the difference.



Rather, it’s the qualities the brand embodies through content—which includes but certainly

goes well beyond the bounds of advertising—that create real and lasting value. And the

world we live in makes this both harder and easier to do than ever.



Think about it: We live in an iPhone culture. Access to information is relatively

standardized—TV, radio, podcast, website, social media, print, etc. But the technology

that allows us to be connected makes it easy to create (you might even say )

a unique experience just for yourself. We all have an iPhone—and an iPod, iPad, desktop




                                              3
and laptop—but the chances that the media on any two are exactly the same is pretty slim.

Such media commonality no longer exists. And herein lie challenges and opportunities.



The new content paradigm requires a fresh, consumer-first approach, and content can be

a key asset in developing lifelong consumer relationships in this ever-changing world. This

is particularly so if your content seeks first and foremost to help and inspire consumers and

aims to sell something second. Focus on the former and the odds of the latter happening

rise exponentially.




                                            4
CONTENT AS TOOL
Defining content is both simple and complex. Literally, it’s the words, pictures, videos

or sounds that your user experiences when they come to your platform. That’s the easy

definition. The harder one doesn’t so much describe content, but the opportunity it affords,

which is a more difficult to speak to so succinctly, but necessary to cover.


The content opportunity for marketers begins at a very important intersection where a

person’s desire for specific knowledge, insight and experiences meets a brand’s ability

to serve them up. That service—and it is a service—is rendered through expertise, voice,

format, function and genuine authority, all of which make content valuable.


You have probably heard brands, agencies and media companies talk about content and

noticed some differences between those who create it and those who procure it. The former

views content as art. The latter as a commodity. The former believes they are creating

something of lasting aesthetic value. The latter believes they are buying words in bulk,

much the same way that a company buys paperclips.


Both points of view are sort of right, and sort of wrong. More to the point, they’re both

missing the point.


Digital content can be art or commodity, but it’s better thought of
as a tool. And this tool’s primary purpose is to create value

for the consumer and the brand through a conversion

of some sort, be that from uninterested to                                         Content
interested, from unregistered to registered, from                                 IS A TOOL
no purchase to purchase. As such, with the
                                                                Depending on host of circumstances, content
right approach regarding performance, the
                                                                may or may not be art. It may or may not be a
digital content tool can, like most tools,
                                                                commodity. But it most definitely is a tool and
be calibrated, refined and optimized
                                                                      should be thought of that way. Content
to create more value for both the
                                                                                       is a value creation tool.
consumer and the brand.




                                             5
Content
IS A CHOICE
Unlike traditional push marketing—TV, radio, print

and online ad campaigns—the effectiveness of

content begins and ends with consumer choice.

In order for content to be impactful, content

needs to be relevant to her life, it needs to

help her, be about her, entertain her or

provide insight into her life.




               THE MUTUAL
               EXCHANGE OF VALUE
               The Internet was created for communication, but it spawned a mass proliferation of choices,

               overwhelming most with the range of options. (It is estimated that the amount of information

               created from the beginning of civilization to 2003 is now created every three days online.)

               The economy has moved from one based on goods and services to something else entirely.

               An information economy, which is really an attention economy. And it’s a buyer’s market,

               not a seller’s, as is evidenced by the millions of websites, blogs, videos, news outlets and

               lifestyle sites all multiplying faster than Tribbles of Star Trek lore. Information of virtually any

               and all types is but a Google search, a link or a ‘liked’ item away.


               But what if reaching consumers wasn’t just about having a product to sell and trying to

               find the right size, placement and creative approach for a banner ad? What if it were about

               taking what you know about your consumers—their lives, passions, interests, curiosities

               and problems—and serving their needs? What if brands focused on developing lifelong

               relationships based on a mutual exchange of value?




                                                               6
What if it were about taking what you know about your consumers—
                     their lives, passions, interests, curiosities and problems...

                These are the right questions for those intrigued by content marketing to be asking. For

                marketers, content is, or at least should be, a service for consumers, not a ploy. Content

                wins when it moves beyond the aforementioned metaphor of an intersection to one of a

                traffic circle, where a mutual exchange of value between the consumer and the brand spins

                in something of an always-fluid, harmonious cycle.


                Don’t forget the foundational belief underlying this entire whitepaper: content has, or at

                    least should have, a ton of value for the consumer, which means that they’re willing to

                                give something in exchange. It’s worth noting that approximately 60% of all

                                         shared content has a specific brand message in it. Brands clearly

                                                aren’t an impediment to content value. To the contrary.



Content IS A                                               Consumers derive value from the information,


CONVERSATION
                                                               entertainment and community that a brand

                                                                   provides through its content. In turn,
What you publish is what you say, but like any good
                                                                       brands derive value from consumer
conversation, the most important thing you can do is
                                                                          actions, whether those be on
listen. A content program needs a solid plan for collecting
                                                                             the platform (registering and
and studying analytics and user input. Those learnings
                                                                               providing data), on social
should be used to optimize existing content and influence
                                                                                  media (championing a
future creation. And your analytics strategy should be
                                                                                    brand) or, of course,
mapped to your desired business results. If you want
                                                                                      action at the digital or
more sales - and who doesn’t - what consumer actions
                                                                                       brick-and-mortar store
can be measured and mapped to your path to purchase?
                                                                                         shelf (purchase).
At Barefoot Proximity, we call this analytical strategy

Content Efficacy.
                                                              7
Content
                                                                       IS CURRENCY
                                                  Content is the best means of getting as close as possible

                                                     to consumers by providing non-product value to their

                                                        lives. A brand’s expertise in areas beyond the shelf

                                                               can provide value beyond product claims. It

                                                                    is value given to the consumer with the

                                                                       hope that she will appreciate it—and

                                                                                   pass it on to her friends.




Content Marketers
vS Brands as Publishers
Time was, publishing was defined by the person in control of the printing press, the one

who bought ink by the barrel and paper by the forest. It was Guttenberg’s gift to Hearst and

Pulitzer. But Steve Jobs and Bill Gates took it away by putting the printing press in every

pocket, every messenger bag and on every desktop in the world. It’s a natural thought for

marketers—afraid of declining shares in the attention economy—to pursue the “Brands as

Publishers” model.


However, few brands truly manage to do this well. One notable exception is American

Express and their highly regarded Food + Wine and Travel + Leisure magazines. But most

brands that pursue a publishing model find it to be beyond their budgets and, frankly, their

abilities, too, without some rather sweeping changes. It also distracts from their primary

business objectives.


This is why the content marketer model is, generally speaking, more inviting and promising

for a broader range of brands. Content marketers, like any other marketers worth their salt,

tie their activities to KPI’s related to the core business. How will starting a company blog or




                                              8
content marketing platform enhance our database, create deeper consumer engagement or

move more pallets? Those are the questions you should ask at the start. Not whether or not

you should try to compete with the glossy magazines speaking to your key demographic.


Content marketing isn’t about trying to duplicate a traditional publishing experience,

it’s about creating a user experience that engenders trust, that serves a consumer’s need

for information and satisfies her curiosity in such a way that she bonds with your brand.

It’s about having the right information presented in the right way at the right time.

And it’s about creating an experience that encourages discovery and exploration,

which enhances value for her.




                        Participation
                      and Optimization
Publishers value exposure, content marketers value participation and conversion. It’s not enough to

know that your content is enlightening users, but encouraging them to take action – sharing,returning,

opting-in and, ultimately, purchasing. This is why optimization for content marketers is so vital. It’s

not enough to press “publish” in your Content Management System. In fact, your only part of the

way through the process when you do push that button. The real work begins by measuring the level

of participation and conversion that piece of content is causing and optimizing against those desired

actions. If the first step is conception and creation, the second step publishing, steps three to five

are related to analysis and optimization.


                                                   9
Content
IS A PROCESS
There’s no such thing as a perfect piece of content. That’s

the whole idea. So long as the consumer relationship can

be strengthened, the ability of content to bolster that

relationship can be improved. It requires always-on

analysis, constant optimization, and diligence in

continuing to find meaningful opportunities

to create value for her.




              CONTENT IS NOT A CAMPAIGN
              Obviously, relying only on the perfect ad campaign to build this new, sustainable and

              mutually beneficial relationship is problematic. Not only are campaigns fickle in terms of

              length of duration, but they are designed to pique curiosity, not satisfy it. Once a consumer

              has tried a product, or decided not to, then what? What additional value can they gain from

              the campaign?



              Content is not—and should not—be made subject to such temporary limitations. Content,

              the always-on, always-searchable currency of the attention economy creates an always-

              on opportunity to move from speech to conversation, from the hard sell to the often more

              effective softer sell.



              “The moment of truth” for any campaign is often defined by store-shelf decisions, when a

              potential consumer becomes a customer. But the moment of truth for content often happens

              much earlier—and far away from the store shelf. It happens in the Google search bar, on a

              Facebook feed, a Twitter timeline, a Pinterest board or in an e-mail from a friend with a link

              embedded.

                                                          10
Success in content is not wholly determined by the number of cases you sell—though that

is certainly important—but in the number of consumer needs, questions or curiosities you

identify and deliver against. Take care of the latter and the former will take care of itself—

perhaps even for a lifetime.




                                              11
SUSTAINABILITY NOT VIRALITY
While the desire and wish of every marketer, the virality of content is rarely, if ever, truly

predictable. It is not something that can be planned for with certainty or manufactured with

complete confidence. Virality is more result than strategy. For instance, Judson Laippley had

not even planned on filming his appearance at a university before his “Evolution of Dance”

video skyrocketed him to fame. He was an inspirational comedian, doing just another

college gig. It was students who filmed it and, after the show, asked if he would mind if they

put the video up on YouTube. Half a billion or so views later and the Toledo-based speaker

is still riding that accidental wave. Yet, he’s still asked for his “secrets” of the viral video.

He has none. No one really does.


Virality is as much a content strategy as lightning is an effective means of illuminating

your living room. Smart brands understand this. Smart brands also understand that a

good content strategy is about consistency and service. Search authority—organic search

authority—is derived from many factors, but one of the most important is how recently

and regularly content is published. Good content marketing is marked by consistency.

Can users reliably check the platform and find something new? Or do they find the same

content time and again? Be consistent and aim to provide daily value, rather than going

for the occasional big splash.




                                               12
QUALITY VS QUANTITY
The question that always comes up when brand managers decide to pursue a content

marketing strategy is this: How much content do we need?



There are no hard rules as it relates to content volume. There is no formula that states

X-number of pieces of content published everyday = Y conversion rate. Every content

strategy has to conform to the realities of budget, platform limitations and expectations.

But here are a few guidelines to follow:



•    More content is better, provided that the content gets consumed and shared

•    A lot of content does not necessarily mean better engagement

•    Regularity of publishing is more important than quantity – it’s better to publish one

     piece every day than to upload 500 new pieces of content every other month



There is an interesting relationship between quality and quantity when it comes to content

and this relationship may serve as a guiding principle when establishing your content model.

Quality and quantity are both critical factors. You can develop strong audiences and deep

engagement by focusing on one above the other, though ignoring either one

is problematic.



The Huffington Post, for instance, is one

of the internet’s largest and most well-

trafficked sites. Every day thousands of

articles, videos, slideshows and other content

are uploaded by bloggers, media outlets and

all manner of content producers. Every day, the

Huffington Post publishes content of every stripe

for every conceivable consumer. And, as such, it

is able to serve the interests, needs and curiosities




                                             13
of nearly anyone who visits. The Huffington Post creates connection

                                     and value by volume. In order to continue to grow, the site must add

                                     more and more perspectives and voices, inputs and outputs.



                                     From a publisher’s perspective, The Huffington Post is an incredible

                                     success. It reaches millions of screens every month. But is their

                                     high-volume, shotgun approach the right one for content marketers?

                                     Probably not. Content marketers need to create a specific

                                     experience for users in order to drive business results.



                                     In this respect, content marketers have more to learn

                                     from bloggers like Ree Drummond, “The Pioneer Woman.”

                                     Drummond, a Utah-based home, garden and cooking writer has
Ree Drummond, The Pioneer Woman
                                     built a content brand. Her straightforward, tough-yet-artful approach

   to serving her audience is proof positive that quality can drive engagement better than quantity, and

   that engagement will drive additional reach. Drummond has more than 500,000 engaged, active users

   who have connected with her content—because it satisfies their interests and curiosities. Consumers

   know what they will get when they visit the Pioneer Woman and, because of that, they visit often. She

   doesn’t overwhelm with quantity, but puts a premium on quality and consistency. Her regularity and

   focus on quality are as much a part of her content brand has what she’s writing and talking about.



   When it comes to the quantity vs. quality argument, brands should not be afraid

   to start small. Produce as much content every day as you can, while


                                                                         stand for
   maintaining high standards of quality and consistency. Grow from

   there. Focus on engagement over traffic volume. That’s

   how brand content becomes more valuable to the

   audience and the audience engagement becomes
                                                                       something
                                                                 Have a point of view, a way of viewing the world that
   more valuable to the brand.
                                                               comes through in your content. Show your audience that
                                                          you understand what’s important to them. It’s counter-intuitive,
                                                       especially for brandmarketers who want to get the widest possible
                                                    consumer base, but important. A singular point-of-view does not
                                                   always mean a singular voice, a single author or single topic covered.
                                                 It’s about having an equity, something readers/viewers/users can identify
                                                with. The mistake is not risking alienation of some users by having a point-
                                               of-view, but of not connecting with any because you don’t.
                                                         14
CONTENT DARWINISM™
If the substance of content is designed to provide value to consumers, the actions taken by

those same consumers is the source of the value derived by brands. It’s sometimes difficult

to quantify the intrinsic value of content to the consumer. That’s because it’s often more

about a feeling, a notion that resonates with, or perhaps even changes, one’s “inner map,”

than an immediate action. Nonetheless, brands still have an opportunity to understand and

maximize the value of content through measurement.



Traffic and page views are the most-often cited units of measurement when it comes to

content. How many people are coming to your platform? How many pages are they looking
at? But, if you are a brand mounting a content marketing initiative, these two metrics alone

don’t give you a clear enough understanding of your efforts’ value.



For instance, let’s say your platform publishes 50 articles in a month. They are written

based on your editorial guidelines, but are of various formats, by various authors working

for various media networks and blogs. Overall, site traffic is pretty strong, but you sense it

could be better.



If you are looking at traffic and page views, you’re able to see which articles are driving the

highest percentage of both. But what does that really tell you? Just that they were read




                                             15
or shared more. These are both positive


                                                       DARWINISM
things, for sure, but they don’t give you the

best sense of the bigger picture. If you have

established deeper analytical criteria—criteria

that match to desired business results—you
                                                       IN ACTION
                                                       While serving as editor-in-chief of digital
might notice that the most visited, read or            platform, our search and optimization team
shared article was not, in fact, the most              believed we had an opportunity to do well
                                                       with a story on the topic of maintaining a
valuable. Perhaps the twelfth most popular             career during tough economic times, So I
article leads to a greater proportion of direct        assigned a story titled “10 Ways to Keep Your
                                                       Job in a Down Economy,” and published it
sales and the number eight story was shared
                                                       high expectations.
with greater frequency than any of the seven
                                                       I was frustrated by the lackluster results.
above it.
                                                       Looking for an answer, we turned to the data.
                                                       It showed that, on our site, negatively worded
                                                       headlines earned a greater percentage of
So start with your business results. Sales are
                                                       organic click-through than positively worded
obvious, but if the content is part of an eCRM         ones. So, we changed the headline to “10
                                                       Ways to Not Lose Your Job in a Down
program, opt-ins, sign-ups and referrals can
                                                       Economy.” We saw an instant, though
be just as valuable. What are the consumer             incremental, gain in search traffic.
behaviors that are indicative of these desired
                                                       Still not satisfied, we studied the data even
results? Simply reading an article may have            harder and found that odd-numbered lists
                                                       had a higher percentage of click-through
some value, but a consumer sharing that
                                                       than even-numbered ones (perhaps because
article with her Facebook friends is an explicit       odd-numbered lists seem more authoritative
                                                       and less formulaic). So we added a ‘way’
endorsement of its value. Site visits are good,
                                                       and changed the headline once again to
but repeat visits are better, and opt-ins are          “11 Ways to Not Lose Your Job in a Down
better still. Site exits generally aren’t good,        Economy.” This tweaking resulted in traffic
                                                       well beyond our initial expectations for the
but they sure can be when a consumer is                piece.
exiting your site to visit your brand’s social
                                                       The lessons here are clear: Getting the most
platform or an e-commerce venue.                       out of your content means vigilance beyond
                                                       publishing a piece and simply hoping for the
                                                       best. And a lock-step relationship between
In short, brands should also have a clear idea         your editorial team and your analytics team
of the behaviors they hope the content will            will definitely pay dividends.

inspire—and a means of measuring those

behaviors.
                                                  16
We, at Barefoot Proximity, call this Content Darwinism. It’s based on the idea that the

 content that works the hardest to drive specific results—the content with the greatest

 efficacy—should influence other content decisions and planning. A survival of the fittest

 mentality, ensures that your platform’s content is always evolving, always improving. By

 mapping micro (pageviews) and macro (opt-in, social following, etc..) conversions affiliated

 with each step along the path to purchase to individual pieces of content, we are able,

 thanks to our handy-dandy algorithm, to understand the business value of different

 pieces of content to the brands we serve.



 For example, we can understand what content on a site is working the hardest to drive

 discovery, engagement and closing conversions and optimize not only our content mix,

 but the consumer journey on the content path to purchase. Perhaps even more importantly,

 we can see what content is not working or is hurting conversion and remove it. And the only

 way we can do this is by matching the value of content to the business value for the brand.




A Lesson in                                       problem. But then the Panda update was
                                                  released.


Vigilance:                                        As a result, content farm articles dropped
                                                  precipitously in Google’s search ranks. (One
                                                  content farm saw its downstream traffic
The Panda Update                                  decline 40% within a month and a half of the
                                                  Panda update.) The content farms’ output
If constant maintenance and optimization          became less valuable to the consumer (it
of your content sounds like an expensive          was harder to find) and less valuable to the
hassle, consider the costs of not being           brand (it wasn’t pulling consumers to their
awake at the switch. In April 2011, Google        platforms).
released its Panda update, which, among
other things, sought to curtail the authority     The lesson? Good content is not just about
given to content, created by “content farms.”     proper syntax and grammar. Good content
These are broad networks of loosely affiliated    on the web is that which has the best chance
content creators who sold inexpensive             of being found, admired and shared, and this
content to brands and publishers.                 requires some degree of originality versus
                                                  an avalanche of the same old content found
Their content was inexpensive because             in countless other places. Being vigilant in
it was being duplicated on sites across           understanding search trends in the content
the internet. Again, this seemed to those         marketplace is not only important, but
purchasing and selling this duplicative           also vital to protecting the health of your
content like a low-cost solution to a content     investment in content.



                                                 17
Optimize
Everything
A data-centric approach to content goes beyond knowing

what content is resonating with consumers. Your content

analytics plan should include device and time-of-day

insights to help answer key questionsabout what

content is making an impact, when and on what

screen? Optimization is an on-going

process, not an end-state.




             The content Sourcing
             Conundrum
             If you are responsible for developing your brand or scale content marketing program,

             chances are pretty good that you’ve been on calls with publishers, media networks and

             platforms, all of which promise that they’ll make the whole content puzzle a no-brainer

             for you. Sit back and relax, they’ll tell you, they’ll take care of it all. But can they really?

             And how do you know?



             A traditional publisher may boast 12 million page views a month. So might a digital media

             network and a content creator network. And they may all be telling the truth. What they may

             not reveal is that those millions of page views take very different shapes and forms. The
             traditional publisher may be getting those page views across a couple hundred magazine

             sites around the world. The digital media network may have 5,000 sites in North America

             alone in its ranks. And the content creator network may be getting page views on its content

             distributed across hundreds, or even thousands, of sites.



             How do you, as the brand’s content manager, know which will provide the best solution for

             your platform? The simple answer is: You don’t. And there are problems with trying to apply

             publishing, media and network measures of success to a content marketing program. Chief

             among those problems is that simply having page views on other platforms does not ensure

             success on yours.




                                                             18
Brands have a unique opportunity to level the playing field—between content types, content

       vendors and content creators—by redefining the value of content. No longer do content

       marketing results need to be compared on publishers’ terms (traffic and page views, mostly).

       Success in content marketing can now be determined by the success of the content in

       driving business results­ sales, opt-ins, renewals, trials…whatever your business seeks
                               —

       to achieve. And when the brand determines the measurement criteria, then the content

       formats, creators and vendors all compete to deliver results for the brand based upon

       tangible actions taken by consumers.



       If content efficacy on a brand platform is defined as content’s ability to achieve business

       goals, the Content Darwinism model affords marketers the opportunity to create competition

       among partners to see who can create the most value. In the lush and varied world of

       content, only the fittest will survive. More to the point, only the fittest should survive.




                                                         7
                       Things to Take Away
1.   Use your understanding of her problems, her concerns, her interests and curiosities to guide your strategy. Look

     for potential intersections and seek to provide her value beyond your product offering.

2.   Learn from her actions what content is most valuable to her and optimize toward creating yet more value.

3.   Turn that intersection of her needs and your offering into a virtuous, harmonious circle of mutual appreciation.

4.   Set the terms of value without falling subject to those dictated by publishers and media networks with different

     measurements of success.

5.   Focus on creating a unique experience for the user, not on replicating (poorly done) ones she can get elsewhere.

6.   Remember that content creation and evaluation is a process that can always be improved.

7.   Target consistency, and don’t get sidetracked by virality.




                                                         19
LESSONS LEARNED
Content marketing is not a fad. It’s a way for brands to create lasting, even lifelong,

relationships with consumers based upon the mutual exchange of value. It’s here for good.

And it’s only getting more popular. In research done in August 2012, content thought

leaders Outbrain and Econsultancy found that 92% of in-house brand marketers and 71%

of agencies and consultants already have or are planning a content marketing program.


But, like a lot of big opportunities, success will be had by those who embrace the

challenge and experiment without losing sight of what’s most important, namely the

relationship you must build and nurture with consumers.


In an age when content is the currency of the attention economy, some things have not

changed. The brands people will find the most valuable are the ones that help them make

better sense of their worlds and find more enjoyment within them.




About the Author
                CRAIG HEIMBUCH is the Senior Content Strategist at Barefoot Proximity.
                An award-winning journalist and author and best-selling ghostwriter, he
                leads content strategy for large-scale eCRM programs around the world.


                Contact Craig
                cheimbuch@barefootproximity.com
                o: 513.618.0635

                m: 513.545.0366

                @cheimbuch
                facebook.com/craig.heimbuch
                craigheimbuch.com


                                            20
WRITTEN BY
CRAIG HEIMBUCH




    WWW.BBDO.COM
WWW.PROXIMITYWORLD.COM
        21
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Content as Value Creation Tool

  • 1. content as value How content marketing can help your brand creation tool create lifelong consumer value. FEBRUARY, 2013
  • 2. EXECUTIVE SUMMARY Content marketing is all the rage. In a distracted world, where consumers are bombarded with advertising and overwhelmed by media and device choices, brands are searching for a new ways to connect—ideally over the long term. And many marketers are turning to content with varying degrees of success. What does it mean for a brand to engage in content? What, exactly, is content anyway? What value is it to brands? Do brands have the right to compete against publishing companies? How do brands know whether or not their content is driving business results? This whitepaper will touch on all of these topics. But, if there’s one thing to remember, one cardinal rule for brands to follow when starting a content marketing program it is this: Content is often categorized as art or commodity, but for marketers, that misses the point. First and foremost, it needs to be thought of as a tool for driving discovery, engagement and trial. And, like all tools it has a purpose—to provide value to the consumer. On that score, content can always be optimized to provide ever more consumer value, which translates into ever more brand value. Written by Craig J. Heimbuch—award-winning journalist and author, best-selling ghostwriter and Senior Content Strategist at Barefoot Proximity—this whitepaper provides a framework for brands looking to stand out by creating lasting, even lifelong relationships with consumers via content. 2
  • 3. CONTENT marketing The Path to Lasting Value All brands seek to connect and bond with consumers. And most brands rely heavily on advertising to help achieve this. But has there ever been a brand that has bonded deeply with consumers by just advertising its products’ utility? Has an ad campaign alone ever done the really hard work to create that special bond? Probably not. Sure, there are those campaigns that strike a deep chord with people, but in general it’s not the things a brand says in its advertising that make the difference. Rather, it’s the qualities the brand embodies through content—which includes but certainly goes well beyond the bounds of advertising—that create real and lasting value. And the world we live in makes this both harder and easier to do than ever. Think about it: We live in an iPhone culture. Access to information is relatively standardized—TV, radio, podcast, website, social media, print, etc. But the technology that allows us to be connected makes it easy to create (you might even say ) a unique experience just for yourself. We all have an iPhone—and an iPod, iPad, desktop 3
  • 4. and laptop—but the chances that the media on any two are exactly the same is pretty slim. Such media commonality no longer exists. And herein lie challenges and opportunities. The new content paradigm requires a fresh, consumer-first approach, and content can be a key asset in developing lifelong consumer relationships in this ever-changing world. This is particularly so if your content seeks first and foremost to help and inspire consumers and aims to sell something second. Focus on the former and the odds of the latter happening rise exponentially. 4
  • 5. CONTENT AS TOOL Defining content is both simple and complex. Literally, it’s the words, pictures, videos or sounds that your user experiences when they come to your platform. That’s the easy definition. The harder one doesn’t so much describe content, but the opportunity it affords, which is a more difficult to speak to so succinctly, but necessary to cover. The content opportunity for marketers begins at a very important intersection where a person’s desire for specific knowledge, insight and experiences meets a brand’s ability to serve them up. That service—and it is a service—is rendered through expertise, voice, format, function and genuine authority, all of which make content valuable. You have probably heard brands, agencies and media companies talk about content and noticed some differences between those who create it and those who procure it. The former views content as art. The latter as a commodity. The former believes they are creating something of lasting aesthetic value. The latter believes they are buying words in bulk, much the same way that a company buys paperclips. Both points of view are sort of right, and sort of wrong. More to the point, they’re both missing the point. Digital content can be art or commodity, but it’s better thought of as a tool. And this tool’s primary purpose is to create value for the consumer and the brand through a conversion of some sort, be that from uninterested to Content interested, from unregistered to registered, from IS A TOOL no purchase to purchase. As such, with the Depending on host of circumstances, content right approach regarding performance, the may or may not be art. It may or may not be a digital content tool can, like most tools, commodity. But it most definitely is a tool and be calibrated, refined and optimized should be thought of that way. Content to create more value for both the is a value creation tool. consumer and the brand. 5
  • 6. Content IS A CHOICE Unlike traditional push marketing—TV, radio, print and online ad campaigns—the effectiveness of content begins and ends with consumer choice. In order for content to be impactful, content needs to be relevant to her life, it needs to help her, be about her, entertain her or provide insight into her life. THE MUTUAL EXCHANGE OF VALUE The Internet was created for communication, but it spawned a mass proliferation of choices, overwhelming most with the range of options. (It is estimated that the amount of information created from the beginning of civilization to 2003 is now created every three days online.) The economy has moved from one based on goods and services to something else entirely. An information economy, which is really an attention economy. And it’s a buyer’s market, not a seller’s, as is evidenced by the millions of websites, blogs, videos, news outlets and lifestyle sites all multiplying faster than Tribbles of Star Trek lore. Information of virtually any and all types is but a Google search, a link or a ‘liked’ item away. But what if reaching consumers wasn’t just about having a product to sell and trying to find the right size, placement and creative approach for a banner ad? What if it were about taking what you know about your consumers—their lives, passions, interests, curiosities and problems—and serving their needs? What if brands focused on developing lifelong relationships based on a mutual exchange of value? 6
  • 7. What if it were about taking what you know about your consumers— their lives, passions, interests, curiosities and problems... These are the right questions for those intrigued by content marketing to be asking. For marketers, content is, or at least should be, a service for consumers, not a ploy. Content wins when it moves beyond the aforementioned metaphor of an intersection to one of a traffic circle, where a mutual exchange of value between the consumer and the brand spins in something of an always-fluid, harmonious cycle. Don’t forget the foundational belief underlying this entire whitepaper: content has, or at least should have, a ton of value for the consumer, which means that they’re willing to give something in exchange. It’s worth noting that approximately 60% of all shared content has a specific brand message in it. Brands clearly aren’t an impediment to content value. To the contrary. Content IS A Consumers derive value from the information, CONVERSATION entertainment and community that a brand provides through its content. In turn, What you publish is what you say, but like any good brands derive value from consumer conversation, the most important thing you can do is actions, whether those be on listen. A content program needs a solid plan for collecting the platform (registering and and studying analytics and user input. Those learnings providing data), on social should be used to optimize existing content and influence media (championing a future creation. And your analytics strategy should be brand) or, of course, mapped to your desired business results. If you want action at the digital or more sales - and who doesn’t - what consumer actions brick-and-mortar store can be measured and mapped to your path to purchase? shelf (purchase). At Barefoot Proximity, we call this analytical strategy Content Efficacy. 7
  • 8. Content IS CURRENCY Content is the best means of getting as close as possible to consumers by providing non-product value to their lives. A brand’s expertise in areas beyond the shelf can provide value beyond product claims. It is value given to the consumer with the hope that she will appreciate it—and pass it on to her friends. Content Marketers vS Brands as Publishers Time was, publishing was defined by the person in control of the printing press, the one who bought ink by the barrel and paper by the forest. It was Guttenberg’s gift to Hearst and Pulitzer. But Steve Jobs and Bill Gates took it away by putting the printing press in every pocket, every messenger bag and on every desktop in the world. It’s a natural thought for marketers—afraid of declining shares in the attention economy—to pursue the “Brands as Publishers” model. However, few brands truly manage to do this well. One notable exception is American Express and their highly regarded Food + Wine and Travel + Leisure magazines. But most brands that pursue a publishing model find it to be beyond their budgets and, frankly, their abilities, too, without some rather sweeping changes. It also distracts from their primary business objectives. This is why the content marketer model is, generally speaking, more inviting and promising for a broader range of brands. Content marketers, like any other marketers worth their salt, tie their activities to KPI’s related to the core business. How will starting a company blog or 8
  • 9. content marketing platform enhance our database, create deeper consumer engagement or move more pallets? Those are the questions you should ask at the start. Not whether or not you should try to compete with the glossy magazines speaking to your key demographic. Content marketing isn’t about trying to duplicate a traditional publishing experience, it’s about creating a user experience that engenders trust, that serves a consumer’s need for information and satisfies her curiosity in such a way that she bonds with your brand. It’s about having the right information presented in the right way at the right time. And it’s about creating an experience that encourages discovery and exploration, which enhances value for her. Participation and Optimization Publishers value exposure, content marketers value participation and conversion. It’s not enough to know that your content is enlightening users, but encouraging them to take action – sharing,returning, opting-in and, ultimately, purchasing. This is why optimization for content marketers is so vital. It’s not enough to press “publish” in your Content Management System. In fact, your only part of the way through the process when you do push that button. The real work begins by measuring the level of participation and conversion that piece of content is causing and optimizing against those desired actions. If the first step is conception and creation, the second step publishing, steps three to five are related to analysis and optimization. 9
  • 10. Content IS A PROCESS There’s no such thing as a perfect piece of content. That’s the whole idea. So long as the consumer relationship can be strengthened, the ability of content to bolster that relationship can be improved. It requires always-on analysis, constant optimization, and diligence in continuing to find meaningful opportunities to create value for her. CONTENT IS NOT A CAMPAIGN Obviously, relying only on the perfect ad campaign to build this new, sustainable and mutually beneficial relationship is problematic. Not only are campaigns fickle in terms of length of duration, but they are designed to pique curiosity, not satisfy it. Once a consumer has tried a product, or decided not to, then what? What additional value can they gain from the campaign? Content is not—and should not—be made subject to such temporary limitations. Content, the always-on, always-searchable currency of the attention economy creates an always- on opportunity to move from speech to conversation, from the hard sell to the often more effective softer sell. “The moment of truth” for any campaign is often defined by store-shelf decisions, when a potential consumer becomes a customer. But the moment of truth for content often happens much earlier—and far away from the store shelf. It happens in the Google search bar, on a Facebook feed, a Twitter timeline, a Pinterest board or in an e-mail from a friend with a link embedded. 10
  • 11. Success in content is not wholly determined by the number of cases you sell—though that is certainly important—but in the number of consumer needs, questions or curiosities you identify and deliver against. Take care of the latter and the former will take care of itself— perhaps even for a lifetime. 11
  • 12. SUSTAINABILITY NOT VIRALITY While the desire and wish of every marketer, the virality of content is rarely, if ever, truly predictable. It is not something that can be planned for with certainty or manufactured with complete confidence. Virality is more result than strategy. For instance, Judson Laippley had not even planned on filming his appearance at a university before his “Evolution of Dance” video skyrocketed him to fame. He was an inspirational comedian, doing just another college gig. It was students who filmed it and, after the show, asked if he would mind if they put the video up on YouTube. Half a billion or so views later and the Toledo-based speaker is still riding that accidental wave. Yet, he’s still asked for his “secrets” of the viral video. He has none. No one really does. Virality is as much a content strategy as lightning is an effective means of illuminating your living room. Smart brands understand this. Smart brands also understand that a good content strategy is about consistency and service. Search authority—organic search authority—is derived from many factors, but one of the most important is how recently and regularly content is published. Good content marketing is marked by consistency. Can users reliably check the platform and find something new? Or do they find the same content time and again? Be consistent and aim to provide daily value, rather than going for the occasional big splash. 12
  • 13. QUALITY VS QUANTITY The question that always comes up when brand managers decide to pursue a content marketing strategy is this: How much content do we need? There are no hard rules as it relates to content volume. There is no formula that states X-number of pieces of content published everyday = Y conversion rate. Every content strategy has to conform to the realities of budget, platform limitations and expectations. But here are a few guidelines to follow: • More content is better, provided that the content gets consumed and shared • A lot of content does not necessarily mean better engagement • Regularity of publishing is more important than quantity – it’s better to publish one piece every day than to upload 500 new pieces of content every other month There is an interesting relationship between quality and quantity when it comes to content and this relationship may serve as a guiding principle when establishing your content model. Quality and quantity are both critical factors. You can develop strong audiences and deep engagement by focusing on one above the other, though ignoring either one is problematic. The Huffington Post, for instance, is one of the internet’s largest and most well- trafficked sites. Every day thousands of articles, videos, slideshows and other content are uploaded by bloggers, media outlets and all manner of content producers. Every day, the Huffington Post publishes content of every stripe for every conceivable consumer. And, as such, it is able to serve the interests, needs and curiosities 13
  • 14. of nearly anyone who visits. The Huffington Post creates connection and value by volume. In order to continue to grow, the site must add more and more perspectives and voices, inputs and outputs. From a publisher’s perspective, The Huffington Post is an incredible success. It reaches millions of screens every month. But is their high-volume, shotgun approach the right one for content marketers? Probably not. Content marketers need to create a specific experience for users in order to drive business results. In this respect, content marketers have more to learn from bloggers like Ree Drummond, “The Pioneer Woman.” Drummond, a Utah-based home, garden and cooking writer has Ree Drummond, The Pioneer Woman built a content brand. Her straightforward, tough-yet-artful approach to serving her audience is proof positive that quality can drive engagement better than quantity, and that engagement will drive additional reach. Drummond has more than 500,000 engaged, active users who have connected with her content—because it satisfies their interests and curiosities. Consumers know what they will get when they visit the Pioneer Woman and, because of that, they visit often. She doesn’t overwhelm with quantity, but puts a premium on quality and consistency. Her regularity and focus on quality are as much a part of her content brand has what she’s writing and talking about. When it comes to the quantity vs. quality argument, brands should not be afraid to start small. Produce as much content every day as you can, while stand for maintaining high standards of quality and consistency. Grow from there. Focus on engagement over traffic volume. That’s how brand content becomes more valuable to the audience and the audience engagement becomes something Have a point of view, a way of viewing the world that more valuable to the brand. comes through in your content. Show your audience that you understand what’s important to them. It’s counter-intuitive, especially for brandmarketers who want to get the widest possible consumer base, but important. A singular point-of-view does not always mean a singular voice, a single author or single topic covered. It’s about having an equity, something readers/viewers/users can identify with. The mistake is not risking alienation of some users by having a point- of-view, but of not connecting with any because you don’t. 14
  • 15. CONTENT DARWINISM™ If the substance of content is designed to provide value to consumers, the actions taken by those same consumers is the source of the value derived by brands. It’s sometimes difficult to quantify the intrinsic value of content to the consumer. That’s because it’s often more about a feeling, a notion that resonates with, or perhaps even changes, one’s “inner map,” than an immediate action. Nonetheless, brands still have an opportunity to understand and maximize the value of content through measurement. Traffic and page views are the most-often cited units of measurement when it comes to content. How many people are coming to your platform? How many pages are they looking at? But, if you are a brand mounting a content marketing initiative, these two metrics alone don’t give you a clear enough understanding of your efforts’ value. For instance, let’s say your platform publishes 50 articles in a month. They are written based on your editorial guidelines, but are of various formats, by various authors working for various media networks and blogs. Overall, site traffic is pretty strong, but you sense it could be better. If you are looking at traffic and page views, you’re able to see which articles are driving the highest percentage of both. But what does that really tell you? Just that they were read 15
  • 16. or shared more. These are both positive DARWINISM things, for sure, but they don’t give you the best sense of the bigger picture. If you have established deeper analytical criteria—criteria that match to desired business results—you IN ACTION While serving as editor-in-chief of digital might notice that the most visited, read or platform, our search and optimization team shared article was not, in fact, the most believed we had an opportunity to do well with a story on the topic of maintaining a valuable. Perhaps the twelfth most popular career during tough economic times, So I article leads to a greater proportion of direct assigned a story titled “10 Ways to Keep Your Job in a Down Economy,” and published it sales and the number eight story was shared high expectations. with greater frequency than any of the seven I was frustrated by the lackluster results. above it. Looking for an answer, we turned to the data. It showed that, on our site, negatively worded headlines earned a greater percentage of So start with your business results. Sales are organic click-through than positively worded obvious, but if the content is part of an eCRM ones. So, we changed the headline to “10 Ways to Not Lose Your Job in a Down program, opt-ins, sign-ups and referrals can Economy.” We saw an instant, though be just as valuable. What are the consumer incremental, gain in search traffic. behaviors that are indicative of these desired Still not satisfied, we studied the data even results? Simply reading an article may have harder and found that odd-numbered lists had a higher percentage of click-through some value, but a consumer sharing that than even-numbered ones (perhaps because article with her Facebook friends is an explicit odd-numbered lists seem more authoritative and less formulaic). So we added a ‘way’ endorsement of its value. Site visits are good, and changed the headline once again to but repeat visits are better, and opt-ins are “11 Ways to Not Lose Your Job in a Down better still. Site exits generally aren’t good, Economy.” This tweaking resulted in traffic well beyond our initial expectations for the but they sure can be when a consumer is piece. exiting your site to visit your brand’s social The lessons here are clear: Getting the most platform or an e-commerce venue. out of your content means vigilance beyond publishing a piece and simply hoping for the best. And a lock-step relationship between In short, brands should also have a clear idea your editorial team and your analytics team of the behaviors they hope the content will will definitely pay dividends. inspire—and a means of measuring those behaviors. 16
  • 17. We, at Barefoot Proximity, call this Content Darwinism. It’s based on the idea that the content that works the hardest to drive specific results—the content with the greatest efficacy—should influence other content decisions and planning. A survival of the fittest mentality, ensures that your platform’s content is always evolving, always improving. By mapping micro (pageviews) and macro (opt-in, social following, etc..) conversions affiliated with each step along the path to purchase to individual pieces of content, we are able, thanks to our handy-dandy algorithm, to understand the business value of different pieces of content to the brands we serve. For example, we can understand what content on a site is working the hardest to drive discovery, engagement and closing conversions and optimize not only our content mix, but the consumer journey on the content path to purchase. Perhaps even more importantly, we can see what content is not working or is hurting conversion and remove it. And the only way we can do this is by matching the value of content to the business value for the brand. A Lesson in problem. But then the Panda update was released. Vigilance: As a result, content farm articles dropped precipitously in Google’s search ranks. (One content farm saw its downstream traffic The Panda Update decline 40% within a month and a half of the Panda update.) The content farms’ output If constant maintenance and optimization became less valuable to the consumer (it of your content sounds like an expensive was harder to find) and less valuable to the hassle, consider the costs of not being brand (it wasn’t pulling consumers to their awake at the switch. In April 2011, Google platforms). released its Panda update, which, among other things, sought to curtail the authority The lesson? Good content is not just about given to content, created by “content farms.” proper syntax and grammar. Good content These are broad networks of loosely affiliated on the web is that which has the best chance content creators who sold inexpensive of being found, admired and shared, and this content to brands and publishers. requires some degree of originality versus an avalanche of the same old content found Their content was inexpensive because in countless other places. Being vigilant in it was being duplicated on sites across understanding search trends in the content the internet. Again, this seemed to those marketplace is not only important, but purchasing and selling this duplicative also vital to protecting the health of your content like a low-cost solution to a content investment in content. 17
  • 18. Optimize Everything A data-centric approach to content goes beyond knowing what content is resonating with consumers. Your content analytics plan should include device and time-of-day insights to help answer key questionsabout what content is making an impact, when and on what screen? Optimization is an on-going process, not an end-state. The content Sourcing Conundrum If you are responsible for developing your brand or scale content marketing program, chances are pretty good that you’ve been on calls with publishers, media networks and platforms, all of which promise that they’ll make the whole content puzzle a no-brainer for you. Sit back and relax, they’ll tell you, they’ll take care of it all. But can they really? And how do you know? A traditional publisher may boast 12 million page views a month. So might a digital media network and a content creator network. And they may all be telling the truth. What they may not reveal is that those millions of page views take very different shapes and forms. The traditional publisher may be getting those page views across a couple hundred magazine sites around the world. The digital media network may have 5,000 sites in North America alone in its ranks. And the content creator network may be getting page views on its content distributed across hundreds, or even thousands, of sites. How do you, as the brand’s content manager, know which will provide the best solution for your platform? The simple answer is: You don’t. And there are problems with trying to apply publishing, media and network measures of success to a content marketing program. Chief among those problems is that simply having page views on other platforms does not ensure success on yours. 18
  • 19. Brands have a unique opportunity to level the playing field—between content types, content vendors and content creators—by redefining the value of content. No longer do content marketing results need to be compared on publishers’ terms (traffic and page views, mostly). Success in content marketing can now be determined by the success of the content in driving business results­ sales, opt-ins, renewals, trials…whatever your business seeks — to achieve. And when the brand determines the measurement criteria, then the content formats, creators and vendors all compete to deliver results for the brand based upon tangible actions taken by consumers. If content efficacy on a brand platform is defined as content’s ability to achieve business goals, the Content Darwinism model affords marketers the opportunity to create competition among partners to see who can create the most value. In the lush and varied world of content, only the fittest will survive. More to the point, only the fittest should survive. 7 Things to Take Away 1. Use your understanding of her problems, her concerns, her interests and curiosities to guide your strategy. Look for potential intersections and seek to provide her value beyond your product offering. 2. Learn from her actions what content is most valuable to her and optimize toward creating yet more value. 3. Turn that intersection of her needs and your offering into a virtuous, harmonious circle of mutual appreciation. 4. Set the terms of value without falling subject to those dictated by publishers and media networks with different measurements of success. 5. Focus on creating a unique experience for the user, not on replicating (poorly done) ones she can get elsewhere. 6. Remember that content creation and evaluation is a process that can always be improved. 7. Target consistency, and don’t get sidetracked by virality. 19
  • 20. LESSONS LEARNED Content marketing is not a fad. It’s a way for brands to create lasting, even lifelong, relationships with consumers based upon the mutual exchange of value. It’s here for good. And it’s only getting more popular. In research done in August 2012, content thought leaders Outbrain and Econsultancy found that 92% of in-house brand marketers and 71% of agencies and consultants already have or are planning a content marketing program. But, like a lot of big opportunities, success will be had by those who embrace the challenge and experiment without losing sight of what’s most important, namely the relationship you must build and nurture with consumers. In an age when content is the currency of the attention economy, some things have not changed. The brands people will find the most valuable are the ones that help them make better sense of their worlds and find more enjoyment within them. About the Author CRAIG HEIMBUCH is the Senior Content Strategist at Barefoot Proximity. An award-winning journalist and author and best-selling ghostwriter, he leads content strategy for large-scale eCRM programs around the world. Contact Craig cheimbuch@barefootproximity.com o: 513.618.0635 m: 513.545.0366 @cheimbuch facebook.com/craig.heimbuch craigheimbuch.com 20
  • 21. WRITTEN BY CRAIG HEIMBUCH WWW.BBDO.COM WWW.PROXIMITYWORLD.COM 21 WWW.DIGITALLABBLOG.COM