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Content Marketing: What To Measure Beyond Sales & Leads

How should content be measured and analyzed? Let us count the ways (or at least begin to).

This column is intended to be an informal sounding board for ideas. Summer’s over and it’s time to get cracking on new research. Next up (in my capacity as a research analyst): content metrics.

My goal on this next project (which I’m undertaking with fellow analyst Susan Etlinger, a specialist in data and analytics) will not merely focus on how companies are measuring the most obvious content marketing goals, such as ROI, or increased sales, leads and conversions. We’re hoping to dig deeper and learn more about some of the less obvious content marketing benefits, as well as to uncover best practices for establishing content KPIs and putting processes into place to measure success.

We’re only just kicking this off, but here are some of the other, the more unexpected, areas that qualify as content marketing KPIs. Measurement practices are just beginning to emerge around these KPIs, and we’ll doubtless uncover more as we begin to research in earnest. Remember: this list deliberately does not include ROI, sales or lead-related metrics.

Customer Service

Brands have long used digital content to help customers to help themselves. Can that value be measured, e.g. the cost of solving an issue with content rather than a much more expensive call center?  Sony’s European Forum & Community Manager, Nico Henderijckx, recently shared great stats around how he calculates value. A recent how-to troubleshooting post, written by a super user on a Sony community site, was viewed by 42,000 visitors. The average call center call costs the brand €7. So the potential value of this one post was €294,000 (7 x 42,000).

Moreover, Henderijckx throws an annual offsite conference for the 45 super users of Sony’s European community to encourage their continued participation. They leverage this in-person opportunity to shoot over 300 videos of those users which are later shared with the broader community audience. More content!

Workflow/Efficiency

Companies that have no problem understanding the value of content marketing still struggle to streamline processes, collaboration and efficiency. Great content comes at a cost – and, like all processes, efficiency is a goal. That’s why I love this recent case study (via Percolate) on how Unilever managed to save $10M annually on content production costs.  As brands become even more sophisticated, they’ll begin to measure how content saves money in a converged media environment.

Reusing, repurposing and optimizing existing content can translate into savings across paid and earned media, as well as on creative and agency services.

Employee Engagement/Advocacy

Not unrelated to efficiency is the role content can play in employee engagement and advocacy – but it goes beyond that as well. Employees who are trained and comfortable with digital content can communicate (often, far better than senior leadership) on a variety of levels and with a range of constituencies, ranging from customer care to sales to recruiting and sales.

Engagement & Amplification

Shares, comments, pass-alongs. “Engagement” is a vague word indeed, but there are many, many instances of content marketing achieving as much reach as paid media, at a fraction of the cost of a campaign that a media buy would entail.

Take the tech company that engaged influencers to create content on topics related to their products (importantly, not about the actual products or brand) and, with disclosure, promote the pieces in their networks. This resulted in 1.1 million interactions – an average 128,000 shares per piece of content. In a B2B context, that amounts to paid media reach without the cost of a paid media buy.

There are a host more potential KPIs: purchase intent, brand sentiment, customer retention, recruitment, consumer insights, feedback and product development/improvement – all of which can be fostered, nurtured and measured with content marketing underpinned by a solid strategy.

That’s what I’m going to spend this Fall season researching. Let me know if you have other examples or great case studies of the less obvious side of measuring content.

This post originally published on MarketingLand

Rebecca Lieb's picture

Content Marketing Software RFP: A Framework to Determine Needs & Solicit Proposals

 

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New strategies demand new processes. And in a digital world, new processes demand new technology.

This couldn’t hold more true for the burgeoning content marketing sector. We’re fond of saying that content is the atomic particle of all marketing. Without it, there’s no owned media, but also no social, no PR and no advertising (where it’s called “creative”).

Brands and agencies alike are scrambling to create content, and also to distribute it, measure it, target and optimize it. To do so, they require tools.

Altimeter Group recently took a hard look at the burgeoning content marketing software landscape, and helped break down content marketing into use cases and scenarios to help marketers identify their needs as well as pinpoint the vendors in the space who might be able to address them. But that’s only the beginning of a solution to a large disconnect between need and solution.

As a content software vendor recently put it, “Most brands aren’t yet able to clearly articulate their content marketing needs or end KPIs. This makes creating an RFP and asking the right questions incredibly difficult.” Brands [and agencies] can’t frame “what’s needed” or how to get to the end goal.

This is where our new report: Content Marketing Software RFP: A Framework to Determine Needs & Solicit Proposals comes in. We recognize that existing RFP templates cannot be retrofitted to the task of soliciting content marketing solutions due to a number of specific challenges:

  • Establishing content governance, processes, strategy, and inter-departmental coordination.
  • Matching content software needs to planned investments.
  • Finding solutions that scale toward the future (e.g. new technologies, vendor partners, or channels).
  • Scoping software integration requirements, both with other marketing software, and often with enterprise software packages such as CRM or customer data.
  • Accommodate existing workflows and processes – it’s much more difficult to retrofit process to software than the inverse.
  • Winnow down to a shortlist which vendors may meet requirements.

Our report includes a two part, customizable template that guides marketers and agencies through our recommended process. First, by helping them to conduct an internal assessment and soliciting key stakeholders for input and priorities. And second, creating an RFP to be used with selected vendors. This second part contains both essential background information and a response sheet for the vendor.

All in all, there are seven steps to this process, including looking beyond marketing into cross-functional needs, as well as integration with other software systems.

We hope our report and template facilitates your own proposal process, and welcome feedback on where it’s working, and where it can use improvement.

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Additional Resources

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Cross-posted with the Altimeter Group blog
 
 
Rebecca Lieb's picture

The Content Marketing Software Landscape: Marketer Needs & Vendor Solutions

Our new research report, The Content Marketing Software Landscape: Marketer Needs & Vendor Solutions, published today to help marketers navigate the tangled and complex content marketing software landscape.

It used to be so easy. You wrote content and posted it to your web site or blog.   Perhaps you did a little keyword research, or looked at web analytics for inspiration or refinement.

The content marketing vendor landscape may not be quite as vast as your programing choices, but it’s pretty darn big with well over 100 vendors offering a variety of solutions, and it’s growing exponentially as investment and M&A activity reach a crescendo in the sector. This leaves content marketers at a loss.

Content marketing has grown exponentially in complexity, and that’s before the fact that it’s beginning to also converge with paid and earned media. We’re far beyond the sign up for a WordPress account and hire a blogger phase of content marketing. In fact, Altimeter Group has identified three overarching scenarios and eight broad content marketing use cases.

To add to this complexity, each individual use case comes with a host of more granular sub-categories that must each be addressed with technology.

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Yet selecting content marketing tools doesn’t end with content marketing needs.  Integration and interoperability are major factors that cannot be omitted from any technology consideration.

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Marketers’ questions are manifold:

  •  What content marketing tools and technologies are right for my enterprise?
  • What vendors should we consider?
  • Will our choice scale with future needs?
  • Are integration concerns being addressed?
  • What tools can help us achieve strategic goals, such as measurement and targeting?
  • How can technology help integrated owned media with paid and earned initiatives?

These are the concerns our research hopes to address.  Our new research report, The Content Marketing Software Landscape: Marketer Needs & Vendor Solutions, isn’t a scorecard  of vendor capabilities. Rather, it provides a framework, as well as a pragmatic checklist, to help marketers determine their actual needs, then to pinpoint those vendors offering the solutions that match their requirements. It won’t tell you which vendor to pick (obviously, that would be presumptuous without a much deeper, more personalized dive). But it will help narrow and define a highly mutable and complex marketplace.

As with all Altimeter Group research, The Content Marketing Software Landscape: Marketer Needs & Vendor Solutions is available at no charge under our Open Research model. Please use it, share it, and let us know what you think of it.

Crossed-posted with the Altimeter Group blog.

Rebecca Lieb's picture

Want vs. Need: The Content Marketing Software Disconnect

Here’s a scenario: It’s lunchtime. Today it’s your job to make lunch for the family. You decide to make sandwiches. In the kitchen, rummaging through cabinets, you realize you’re fresh out of bread, so you make a run to the store.

Once there, what do you buy? Bread? Or bananas?

If you responded “bananas,” you may well be a content marketer.

Recently I have been busily crunching data for a new research report on the content marketing software landscape (the full report will be available in early May from Altimeter Group at no cost). We’re sifting through piles of survey data about marketers’ content marketing pain points, their budgets, how they make buying decisions, and how these wants and needs correspond to the existing offerings from a highly varied, complex, and rapidly changing vendor landscape.

Surveys often reveal surprises, and this time is no exception. We broke content marketing solutions into a total of nine categories and asked content marketers two key questions:

  • What types of content marketing software solutions do you most urgently need?
  • What software solutions do you plan to invest in over the next 12 months?

Overwhelmingly, their answers fall into the realm of complete disconnect (i.e., buying bananas when you know you need bread).

I’m not going to give away all our research findings (besides, we’re still working on the report), but when the data started coming back, we learned that overwhelmingly, content marketers intend to spend money this year on tools that help them to create more content. “Feeding the beast” is no longer a term reserved for journalists and newsrooms; it’s a very real problem facing organizations that are working hard to create content for a proliferating number of channels, primarily in owned and earned (social media) channels.

But ask these same marketers what they actually need in terms of content marketing software solutions, and you’ll get a very different answer. They are saying that they need tools to help them find and target the right audience for all the content they’re so frantically trying to create.

There are clearly many reasons for this disconnect, but the most glaringly obvious one is a focus on tactics over strategy (i.e., on cart-before-the-horse content marketing coming before content strategy). The overwhelming majority of the content marketers we surveyed say their organization lacks a formal, documented content strategy — a statistic borne out by similar studies. For example, according to the Content Marketing Institute half of B2B marketers don’t have a formal strategy).

If there’s a clarion call for a documented content strategy, it’s spending money on bananas when what you really need is bread (or, in this case, content creation instead of finding the appropriate audience for what’s created).

It’s hard to think of a more apt metaphor for why organizations require content strategy than this disconnect between need and pain on the one hand, and budget allocation on the other.

Bear in mind it’s not an either/or proposition. Strategy is also planning against goals and determining what tools and workflows are required for an efficient and effective content marketing program. I’m by no means debunking the need for creation tools. Anyone creating content for digital channels needs them.

Please read the rest of this post on iMedia, where it originally published.

Image Credit: Little Things That Amuse Me

Rebecca Lieb's picture

What's In Your Dream Content Marketing Toolbox?

What tools do you use in conjunction with your content marketing program?

What tools would you like to use?

Marketers aren’t holistically considering content needs before investing in tools. Far too often, they procure solutions with overlapping capabilities.

To date, there hasn’t been a detailed map of the content vendor landscape (though Curata maintains a good list). More important, the available content solutions haven’t been mapped to actual use cases.

There are tools out there for creation, curation, collaboration, compliance, and plenty of content chores that don’t start with the letter C, such as distribution and syndication, measurement and analytics, optimization, topic discovery, defining and finding an audience, and workflow management (among many others).

Who buys these solutions? How are they sourced? Who uses them inside of enterprises and agencies? Do those end-users actually have a say in the selection? Is there a budget for content technology in the enterprise? If there is, what types of solutions will it be spent on?

This is where I could really use your help. We’re researching the above questions to hopefully bring clarity to what is a somewhat confusing and tangled landscape of vendors and tools. We believe more clarity will emerge around the content vendor landscape, but not without marketers weighing in and making their wants and needs known.

May I ask for less than 10 minutes of your time, if you’re at all involved in content marketing, to respond to our research survey on the topic? The findings will be published and made publicly available.

The purpose of our research is to explore the plethora of content tools available, and map them to marketers’ actual needs and use cases, as well as how content tools are sourced, evaluated, and purchased. Some of the questions we’re trying to answer include:

  • How do real world content marketing cases use map to specific content tools?
  • What types of content tools are available to the market?
  • How do companies select/purchase content tools based on needs and use cases?

Once we have your responses, we’re going back to the vendors (more than 100 of them) with a questionnaire designed around the survey responses. In other words, we don’t want to evaluate content tools from a research analyst perspective or base our evaluations on what the vendors say they do. Rather, we are digging to uncover the needs and the processes in the marketplace.

Thanks very much for taking the time to weigh in on the survey. (And for passing the link along to your colleagues).

This post originally published on iMedia.

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Nine Digital Marketing Trends to Watch in 2014

Longtime readers know not to expect a list of annual “predictions” so prevalent in trade publications this time of year. After all, I’m an industry analyst. Un-endowed with the psychic abilities that would enable me to read crystal balls or entrails, I must instead rely on my innate powers of observation and analysis.

That’s not said casually. Observation and analysis of digital marketing and media is what I do.  Based on industry movement, technology developments, and industry trends, these are the areas I’ll be watching most closely in the new year.

  1. Enterprises Organize for Content  The hue and cry up to a year or so ago from content marketing evangelists was “hire a chief content officer!” The sentiment behind this exhortation was and remains correct: content strategy is the foundation of content marketing. To create, maintain and enforce strategy, guidelines, processes, governance and guardrails are entirely necessary. However not every board is disposed to create a new C-level position. That’s why companies are taking seriously the need to organize for content marketing.  Last spring we identified six real-world models. Expect to see companies begin to adopt these with some alacrity in 2014.
  2. Native Advertising Will Surge Brands, publishers, agencies, technology vendors – virtually the entire digital advertising ecosystem has a stake in the ground when it comes to native advertising. The IAB and the FTC have chimed in with the beginnings of defining the space and the rules of engagement. Virtually all the members of the Online Publishers Association now offer some form of native advertising, and major brands are allocating budget for serious experiments. You’re going to hear a lot more about this form of converged media (paid + owned) in the coming months.
  3. Real-Time Marketing Another form of converged media is real-time marketing,  the strategy and practice of reacting with immediacy in digital channels.  As more channels and media operate in real-time, and as real-time events such as television converge with digital channel on mobile and social media platforms, virtually all marketers will be challenged this year to define a real-time marketing strategy, and indeed to determine what real-time means for their organization and marketing efforts.
  4. Content Marketing ‘Stacks’ Emerge It’s already happening. Adobe has formally announced what we’ve long known they would: their Marketing and Creative Clouds will merge. Oracle bought Compendium and Eloqua (expect Salesforce to do something very, very similar quite soon – ExactTarget isn’t quite in the content bucket).  This trend indicates 2014 will usher in an important new chapter in content marketing maturity: end-to-end, cloud-based technology solutions similar to ad stacks, rather than the boutique array of much more limited solutions that are currently available. This matters not just as a technology play, but as something that will make content a safer and more integrated enterprise investment.
  5. Media Continue to Converge Paid, earned and owned media continue to collapse into blended forms of marketing. This trend is only accelerating with consumer trends such as cord-cutting, that make platforms such as television even more digital than they formerly were. Concurrently, OOH signage and other forms of media are more digital, too, allowing owned content and forms of shared media such as tweets to circulate freely through media ecosystem.
  6. Breaking Down Silos If number 6 comes as a surprise, you clearly haven’t read the first five trends. Media converging, a greater emphasis on content marketing, native advertising, real-time marketing and other blended forms of marketing means teams must collaborate more than every before. Goal alignment, resource sharing, and content portability – none of this happens internally, much less with vendor and agency partners, unless barriers and divisions are smashed.  There’s no more time to wait. Silos must be abolished now.
  7.  Interoperability Much more than a byproduct of convergence, apps, gadgets, devices are becoming interoperable – seamlessly interoperable. AS a for instance, my personal fitness monitor smoothly syncs with my Android phone, laptop computer, iPad, Walgreen’s loyalty card, stand-alone weight and food trackers, and (if I wanted, which I don’t) with all my social media accounts. All this at the flick of preference radio buttons. The days or “either/or” “Mac/Windows” customer experience are over. Customers expect – and demand – seamlessness from their digital life.
  8. More Mobile Yeah, we hear this every year, but mobile really has come to the fore. More smartphones and tablets are flying off the shelves than PCs and laptops, and mobile finally commands more consumer time than the boob-tube.  This means new experiences, media strategies and (looping back to the top of the list) more content, real-time and native in marketing plans.  “Mobile first” is no longer a hollow mantra. It’s really, actually true.
  9. Measuring What’s Undefined  Is this really a genuine trend? I hope it will be. There’s this unrealistic expectation in digital that everything’s measurable. It is, but not necessarily right out of the box. That’s why publisher metrics are applied to native advertising campaigns (though goals are widely divergent), and way too much stuff is measured in terms of “engagement,” which means something different to everyone who utters the term. A trend I’d really LIKE to see in 2014 is, in additional to all kinds of good metrics such as the ability to attribute ROI and measure accountably and aligned with goals, is a readiness to admit that it’s just too early to apply hard-and-fast, unalterable metrics to brand new stuff we’re all still trying to figure out. Square pegs, round holes.

 

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Why Content Strategy Is Foundational To Real-Time Marketing

When the curtain went up on the Emmy Awards, HBO was ready.

As usual, the cable network was nominated for a plethora of awards. Naturally, there was no way of knowing who, or what programming, would win which categories. At the same time, there were plenty of knowns: those shows, actors, directors and talent who were nominated in each category.
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So, the social media team, led by VP of Digital and Social Media Sabrina Caluori, sprang into action weeks before the actual event. They created content for every possible award outcome. But first, they informed internal stakeholders (management, legal, communications) about their overall strategy and what the team planned to do and react to. From this, guidelines and rules of engagement were developed around the content, much of which was locked and loaded in advance of the event.

“We know we need freedom to develop content on the fly, but we need to know the guardrails [and] if anything we did needed to be escalated,” she said. “There are built-in parameters for the campaign.”

HBO aced the evening (mostly on Twitter) with responses to the awards, winners, and show itself that were immediate, timely, on-message and on-brand.

HBO is just one of the many brands we spoke with for a new research report, “Real-Time Marketing: The Agility to Leverage ‘Now’” (download available at no cost under Creative Commons).

We’ve identified six business use cases for real-time marketing (RTM) and outlined best practices based on our research. But if successful RTM boils down to just one thing, it’s having a clear, mature, fully developed content strategy in place before leveraging the “right now.”

RTM initiatives fall into a quadrant of initiatives that fall on a sliding scale between reactive/proactive and planned/unplanned. Being proactive and planning is ideally where you want to be when marketing in real-time, as illustrated in the above HBO example (there are many other such case examples in the report).

Please read the rest of this post on MarketingLand, where it originally published

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The Six Business Cases for Real-Time Marketing

As digital channels operate increasingly in the ‘now,’ all marketing organizations must consider to what degree they will function in real-time, and even define what real-time is relative to their operations and marketing organization.

The payoff? That digital marketing ideal: the right message to the right person at the right time. The right instant, even.

Real-time marketing (RTM) can add tremendous value to customer interactions; making brands appear relevant, with-it, informed, dynamic and buzzworthy. The movement toward RTM is also driven by consumer expectations as immediacy, relevance and access increase with technology.

Our new research report, Real-Time Marketing: The Agility to Leverage ‘Now,’ identifies six business use cases for real-time marketing that fall into a quadrant of planned/unplanned and reactive vs. proactive interactions. In numerous interviews with agency and brand-side practitioners, we found all successful RTM requires enormous strategic and tactical preparation, beginning with a strong , clear and well-defined content strategy.

real-time marketing use case quadrant

RTM Use Case #1: Brand Events
Brand events include product launches, conferences, media and customer-facing events where content strategy, pre-approvals, media plans, hashtags, creative, editorial calendars, etc. can be prepared in advance. During events, staff are available to push out content and react to posts in social media.

RTM Use Case #2. Anticipated Event
A growing number of organizations are preparing for real-time events that are anticipated in advance. Business goals, strategies, teams, and approvals are ready, content is locked and loaded.

RTM Use Case #3: Location/object-based
A small but promising use case of RTM taps into location and object-based triggers. Hand-crafted examples of this type of RTM include local food trucks publicizing specials and current locations. Increasingly sophisticated technology, such as iBeacon, target a consumer’s location down to the store-shelf level and push a promotion to that person’s phone in the moment. That’s literally targeting the right person at the right time and the right place.

RTM Use Case #4. Predictive Analytics-based
Another relatively small but growing area of triggered RTM is based on predictive analytics. Amazon has long used predictive data to display recommendations to customers based on browsing and purchase history. This trend will gain momentum as data solutions become more accessible and simpler to implement.

RTM Use Case #5. Customer Interaction
Customer interactions take many forms: CRM, customer service, handling complaints, and community interactions being primary examples. While many organizations handle such interactions to customer service, the very public, visible and occasionally even viral nature of these interactions in social channels means they are increasingly becoming a marketing function. This holds particularly true now that customers have come to expect brands to respond to their digital queries and complaints in near-real time.

RTM Use Case #6. Breaking News
The most reactive form of RTM is responding in a legitimate, relevant manner to unanticipated breaking news. This can also be the riskiest, most spontaneous, and difficult type of RTM. Advance preparation is all but impossible. Breaking news isn’t always good news, so an acute degree of sensitivity is called for. Often, this also requires following a story as it unfolds. The opportunity is hitting it over the fence by appropriately leveraging the event in a way that is relevant, both to the event and to the brand.

As with all Altimeter Group research, Real-Time Marketing: The Agility to Leverage ‘Now’ is available at no cost under Creative Commons.  Help yourself!  And please let us know your reactions, as well as how your organization is functioning in real-time.

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Cross-posted from the Altimeter Group blog

14 Nov

A warm welcome to our newest web designer

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UI Design, A Mini Mail Application

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Rebecca Lieb

Rebecca Lieb is a strategic advisor, consultant, research analyst, keynote speaker, author, and columnist.

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