Infographic: How to grow your business with content
Content infographic: how to grow your business with content
When it comes to content you don’t need to go it alone: what to consider when outsourcing content
When it comes to content your company doesn’t need to go it alone. Not only is it possible to outsource content, for many companies it may be the best solution. Here is how to determine if outsourcing content is right for your company, and what your company needs to consider when looking for an outsource partner.
Is outsourcing right for you?
Outsourcing is not the panacea. It may be the right solution for your company – or maybe not. Here is what to consider when determining if outsourcing content is the right solution for your company:
- What are your company’s core competencies?
- How can your company deliver the best value to your customers?
- A successful content strategy needs to be deliberate and needs to have someone in charge. Do you have in-house talent who can put together a content strategy for your company and manage the execution of the strategy?
- Does your company have in-house talent that can consistently create good content?
- Does your company have in-house talent that has the time to consistently create good talent?
- Does your company have in-house talent that can distribute your company’s content?
- Does your company have in-house talent that can track and analyze your company’s content strategy?
Be honest. Cobbling together staff or passing content like a hot potato from one person to another is not going to be effective. If content is not an area where your company excels, or if content could be carried out more efficiently and effectively if the service was outsourced – start looking for an outsource partner.
If you do decide that outsourcing is right for your company, know that you are not alone. Forty-four percent of B2B marketers report that they outsource content creation. Diving down further, 72 percent of large B2B companies (1,000 employees or more) outsource content creation and 34 percent of small B2B companies (10 to 99 employees) outsource content creation. Looking specifically at the manufacturing industry – 55 percent of manufacturing marketers report that they outsource content creation.
As shown in Figure 1 the content functions that B2B marketers outsource vary from writing to design to distribution to creating a buyer persona. When it comes to outsourcing content functions it doesn’t need to be the kitchen sink.
Figure 1
What to look for in an outsource partner
When it comes to finding an outsource partner you want to find a partner that will bring value to your company and to your customers. Whether you outsource all content functions or just one, here is what to look for in an outsource partner:
- Experience and knowledge of your industry;
- Willing to work with your company to help you achieve your goals;
- Open to exploring and furthering your company’s creative ideas;
- Able to follow instructions and execute with minimal oversight;
- Able to create the type of content your company needs;
- Interested in entering into a long-term relationship.
More generally, Frank Cavallaro wrote that when choosing your perfect outsource mate it is important to start by looking at the mission or value statement of your potential partner. Are these aligned to your company’s? If they are, move on and explore the partnership further. If not, walk away. “Mission and value statements speak to the core culture of the company, so if you can’t find common ground here, it is unlikely you will be able to build a positive working relationship.”
This post was originally published on DC Velocity.
Content is king, but distribution is queen and she wears the pants
Content is king. By creating and distributing valuable and relevant content in a strategic and consistent manner you will be able to create demand for your products and services and will be able to drive profitable customer action. That being said, while content is king, content doesn’t go far (actually it goes nowhere) without distribution. Wise words by BuzzFeed’s Jonathan Perelman: “Content is king, but distribution is queen and she wears the pants.”
For content to be successful for your business you need to do more than create content – you need to distribute content. Moreover, the content needs to be delivered consistently over time, at the right time, and in the right place.
For your company this means taking the time to identify the distribution channels that are the right fit for your company, your content, and your goals. It also means taking the time to learn how to distribute content via these channels effectively.
For example:
- LinkedIn and Twitter are good candidates for letting people know about the white paper your company just released, whereas Pinterest is probably not a good white paper distribution channel.
- Levering your 140 characters for Twitter is key, but taking those same 140 characters to LinkedIn or Facebook will likely result in you falling flat.
- Distributing your content multiple times a day via Twitter is essential given the short lifespan of a Tweet; however, distributing content multiple times a day via email will not be well received.
Content will help you move the needle. Content will drive profitable customer action. However, your content, no matter how valuable it is, will not be seen and therefore will not be effective if you do not have a solid content distribution strategy. If you want results, remember who wears the pants.
This post was first published on DC Velocity.
Why content is king and your business should take an oath of alliance to the kingdom
In the 1970s people were exposed to an average of 2,000 ads per day. Today we are exposed to more than 5,000 ads per day. The barrage of ads has resulted in buyers tuning them out. With buyers no longer paying attention to ads, businesses need to adjust how they find and engage new prospects, and how they establish and maintain long-term relationships with customers.
The solution: content. Why content is king and your business should take an oath of alliance to the kingdom.
Content is inclusive of blogs, white papers, e-books, newsletters, infographics, podcasts, webinars, and video. Creating and distributing valuable and relevant content in a strategic and consistent manner is what will drive profitable customer action.
Valuable and relevant content is not a sales pitch. It is not content that pushes your products and services. Rather, it is content that communicates valuable information to customers and prospects so that they have the knowledge to make better informed decisions. Moreover, it is content that establishes your business as a reliable source of knowledge – as the thought-leader within the industry.
How does this translate into consumer acquisition and retention? When the customer is ready to make a purchase they will reward your company with their business and with loyalty.
Skeptical? B2B companies with an active blog generate 67 percent more leads per month than those who don’t. A study by the Custom Content Council found that 72 percent of marketers think branded content is more effective than advertising in a magazine, 62 percent say it is more effective than advertising, and 69 percent say it is ‘superior’ to direct mail and PR.
Content that will move the needle for your business is valuable content. It is content that is informative, educational, interesting, and speaks to your customer’s emotions and speaks to their pain points. Furthermore, it is content that is delivered consistently over time and at the right time.
Before you start to create content for your business consider this sage advice offered by Arjun Basu: “Without strategy, content is just stuff, and the world has enough stuff.”
Research supports Basu. Companies that have a documented content strategy are more likely to consider themselves effective than companies that don’t have a strategy in place (60 percent v. 11 percent). Similarly, companies who put a person in charge of content marketing were more likely to be successful than those who did not (86 percent v. 46 percent).
How do companies put together and execute a content strategy? Eight percent of B2B marketers outsource content planning and strategy. Sixty-four percent of B2B marketers report that they outsource writing and thirty percent outsource distribution and syndication. Diving down further, 72 percent of large B2B companies (1,000 employees or more) outsource content creation and 34 percent of small B2B companies (10 to 99 employees) outsource content creation.
Content is king. By taking an oath of alliance to the kingdom, your company will attract and retain customers. Your company will realize an increase in leads, short sales cycles, and more loyal customers.
If you’d like to learn more about creating a content strategy for your business and/or about content creation , get in touch.
A version of this article also appeared on DC Velocity
How demand generation can grow sales
Rather than focus sales efforts on seeking out prospects and making cold calls re-focus your efforts so that the emphasis is on demand generation. Why? Demand generation shortens the sales cycle and increases sales opportunities by nurturing and engaging potential customers. Moreover, demand generation is a commitment to long-term customer relationships.
Demand generation builds and nurtures prospect and customer relationships for the long-term. To do this effectively, companies need to do things like host webinars, create a blog, and promote blog posts through social media. Companies need to create and disseminate content-driven resources that establish themselves as a thought leader and as an industry influencer, and which engage prospects and customers alike.
Demand generation is not a sprint. It takes time to build and implement a successful strategy. However, once a strategy is in place and is consistently and continuously implemented, there will be positive results. Specifically, website traffic will increase and, by extension, so will the number of prospects. These prospects are warm leads. These prospects are ones which your sales team should focus on as they are more likely to convert to customers than the cold call prospect. In fact, prospects that come to you via a successful demand generation strategy are five times more likely to become your customers.
To grow sales through demand generation it is important to identify your target customers and their needs. In short, get to know your target customer and identify how your company can anticipate and respond to their needs. Furthermore, take the time to choose the right content and choose the right place to disseminate content.
Shorten your sales cycles and increase your sales opportunities by focusing time and effort on creating and implementing a demand generation strategy instead of on cold calls.
If you’d like to learn more about demand generation and what it can do for your business, get in touch. Fronetics Strategic Advisors works with companies in the logistics and supply chain industries to develop and implement a demand generation strategies.
A version of this post appeared on DC Velocity.
Innovate faster. Innovate better. Social media as an innovation engine
Innovation is a powerful way to drive growth. However, traditional approaches taken by companies to develop innovative products and services are increasingly being found to be unsuccessful in creating growth. The traditional siloed approach to R&D is too insular for today’s rapidly changing economic environment. Moreover a top-down approach to R&D no longer works given our consumer driven marketplace, and the instant gratification consumers now demand. How then can your company successfully develop new products and services? How can your company innovate faster? How can your company innovate better? Harness social media as an innovation engine.
According to a March 2014 report by eBizMBA Facebook has an estimated 900 million unique users each month. Twitter has an estimated 310 million unique users each month and LinkedIn sees an estimated 250 million users monthly. Conversations are taking place on these social networks about companies and about specific products and services. These conversations can provide your company with a wealth of information and can be a source of innovation – innovation that can drive growth.
You can leverage social media an as innovation engine by monitoring the conversations taking place about your company and your products and services. What are customers saying? What do customers like? What do they dislike? Are there questions that are repeatedly being asked by customers about your company and/or a specific product or service you offer? Don’t dismiss feedback provided by customers via social media; embrace it and its honesty. Learn from the feedback provided. Engage with customers to learn more. Use the intelligence that you gain from social media to fuel innovation.
Turn to social media to learn about creative ways customers are using your products. Ikea products are constantly being “hacked” or used in ways that the company had not intended. Learning “off-label” uses for your products can help you to identify needs within the marketplace, new marketing opportunities for your products, and can generally get your creative juices flowing.
Look at social media to identify trends. Is there a way that your company can take advantage of specific trends? Can you introduce a new product or service? Can you re-purpose a product or service to meet the demands of a specific trend? Even more basic, if you already have a product or service that is trendy, make people aware that you have what they want. How to do this? One way is to engage with them on social media.
In addition to monitoring conversations focused on your company, monitor conversations that are taking place about your competitors. What are customers saying about your competitor and their products and services? What do customers like about your competitor’s products? What do they not like? Are your customers using your competitors products in an off-label way? All of this information can be used to fuel innovative for your company.
David Burkus, founder of LDRLB and assistant professor of management at Oral Roberts University, wrote that “in most organizations, innovation isn’t hampered by a lack of ideas, but rather a lack of noticing the good ideas already there.” The conversations taking place via social media offer a wealth of good ideas. Your company can capitalize on the information and intelligence provided, or you can ignore it. If you choose the former you can turn social media into an innovation engine for your company – one that will help your company grow not in spite of, but because of the current environment and customer demands.
A version of this post was previously posted on DC Velocity.