predictions

June 30, 2009

News Flash: Guardian Seeks to Grow through Products, Not Content

Guardian logo If you are a regular to this blog, you've heard this before: in the future, it will be very difficult to tell the difference between media companies and brands that sell products and services.

Heck, we may be there already. Media companies are working hard to develop products while their advertising revenues plummet.  Brands must develop consistent content and publishing strategies in order to attract and retain customers (to ultimately sell their products).

It's a strange marketing world we live in today.

Another shining example of this happening is at The Guardian, the liberal UK newspaper and online resource. After giving my speech on the Future of Custom Publishing at the "Best of Corporate Publishing" 2009 event in Berlin, Germany last week, I had the opportunity to listen to Colin Hughes, managing director of Guardian Professional, the B2B Division of Guardian Media.

After talking for a while about content syndication, Colin opened up about the future of The Guardian.  Here are his thoughts through my notes:

  1. No one has figured out how newspapers can make enough money online to be profitable, including them.
  2. They are not quite sure when the last day will come for a printed Guardian, but their leadership is quite sure it will come within the next 30 years, if not sooner. They are preparing that it could realistically come very soon (though).
  3. They belief the key to their growth is in creating new, unique and valuable products and services by leveraging the Guardian brand.

Let's focus on that third point for a second.  The Guardian has been working with over 850 development organizations around the world.  Their charge: to develop new applications and products based on the Guardian brand.

These development organizations get free use of the Guardian brand, with the only caveat being that if any money is made, there must be a revenue share with the Guardian.

It's a Facebook Apps meets NYTimes strategy.  The Guardian has their own VC fund, but instead of monetary investment, they willingly give use of the Guardian brand. Only time will tell if it will work, but I believe they are headed in the right direction as a large media company.

In 10 years, it will be interesting to see if we'll be able to tell The Guardian from other brands working to sell products and applications in their chosen sectors.

As media companies have been aware for some time now that their emerging competitors are their own advertisers, brands need to be aware that future competition will come from media companies as well.

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May 06, 2009

Prepare the Way: We will all be media companies

Sat in on a great panel yesterday with Amanda Watlington (Searching for Profit), Christina Howe (Avid) and Rebecca Lieb (eConsultancy) discussing what the world's leading brands are doing.

The discussion was all about content (loved it!).

One attendee asked this question to the panel. "Right now social media is hot, but what is the next big thing we should keep our eyes on?"

I was the first to answer, and this immediately came to mind, and it will happen (is happening).

Over the next few years (not sure exactly when), we won't be able to tell the difference between media companies (publishers) and companies that off non-informational products and services.

Look at it this way. Advertising and traditional marketing is becoming less and less effective. Engagement is fostered today by delivering consistent, relevant, compelling content to our customers (like P&G) - or - showing them a good time (like Blendtec) [for more on that, check out this custom content post about UPS]. That content creation is the fodder for getting involved in the online conversation and positioning your brand as a trusted solutions provider.

At the same time, media companies that have developed great brands and loyal audiences around delivering content are having trouble selling advertising. They all know that traditional advertising (even online display in some cases) is not going to bounce back. So, they are looking at developing products their readers can buy like data products, online software tools (i.e., Smartools from MarketingProfs), and actual manufactured products ala what Martha Stewart has done.

Whether you are a brand that offers products and services or a brand that offers information as the product, this completely changes your business model.

This is coming, and soon.  Actually, it may even be here but we haven't noticed yet.

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March 30, 2009

The Future of News

Nine minutes of time well spent if you are interested in the future of news.  This report by CBS investigator Jeff Greenfield covers the downfall of newspapers, how consumer behavior is changing, and a few of the solutions for the newspaper industry (including a micropayment model).

What's most interesting to me is how many non-media companies are beginning to report on their industries similar to the way a newspaper covers a community now.  There may be a couple ideas in here on what your team of content strategists can do to position your company as a more trusted resource.

You'll also note in this video the changing of the competitive set for newspapers.  What they don't mention is that many of our information outlets are starting to come from corporate blogs and news sites.


Watch CBS Videos Online

March 19, 2009

Change is coming faster than you think

If you have told yourself recently that new media marketing will not affect your industry or your business significantly because of FILL IN THE BLANK, then watch this video.

Change is happening faster every second. What changes will you make?

Why would you buy advertising?

M&M It's an honest question, and was the major discussion in an interview I had today with Lauri Sihvonen, a reporter from Markkinointi&Mainonta (a publication dedicated to marketing and communication professionals in Finland) at the Ateljee bar in Helsinki.

Lauri's magazine is a mostly paid subscription publication, but they also drive revenues through online and print sponsorship. His advertisers are trying to target M&M readers to sell their products and services. Let's say that over the next few years, his advertisers were able to collect the information they needed about the M&M readers they wanted to target, and combined it into their own customer database.

Here is the question I asked Lauri: If that was the case, why would someone advertise?

Let's really think about this. In general, companies advertise to:

  • Reach New Customers.
  • Remain With Prospects Through the Buying Process.
  • Because Your Competition is Advertising.
  • Because it Pays Off Over a Long Period.
  • Generate Store/Site Traffic.
  • Make More Sales.
  • Because There is Always Business to Generate.
  • Keep a Healthy Positive Image.
  • Maintain Employee Morale.

I'm sure there are others, but those are the biggies.

But as companies gather the information they need about their customers and prospects, the need to advertise is almost eliminated. If a brand has similar assets to a media property, why wouldn't they just go direct (through content marketing), rather than go through a distributor?

Neither of us had an answer to the question - why advertise? New markets? Possibly. New Product? Could, but why if you already can communicate directly. Credibility? Maybe, but a brand that provides quality relevant and valuable information can quickly develop a relationship with customers/readers. Site Traffic? Content works best.

All that, and it's still an interruptive media choice (not permission marketing), and is almost always the most expensive choice....and...there are more free distribution choices available than ever before (just in case brands don't have the databases they need).

It's Not Just Print

And, as we all know, the move away from advertising has been happening for a while.

Advertising is projected to be down 13% this year. Could be more.

Advertising Age itself just announced that it was cutting its number of issues from 50 to 43 or 44 this year due to the drop in advertising. “It’s pretty horrible,” said editor Jonah Bloom. “If a publication loses 50 or 60 percent versus last year, that’s half your revenue that disappeared! A great quote from someone I was talking to the other day said I’m just kind of hoping if I can get to 15 or 20 percent down, I’ll be somewhere in the middle of the pack. You know what I mean? It’s pretty serious. In our case, we feel like we’ve built a number of non-print-ad-related revenue streams.”

One problem with the online strategy Jonah - online advertising is less expensive and may be better option for marketers than print, but it is less effective each year since 2004, as click-through rates continue to decline.

It's advertising in general that's the problem...all forms. Brands are going direct, both because they can and they have to in order to stay relevant with customers.

So this was Lauri's final question..."If that's the trend, and advertising will never come back, what are media companies to do?"

My answer: If the company is built upon sponsorship revenue, find a new business model, and quickly. Most media brands have excellent credibility, a great database, industry expertise and some have the best journalists. Those assets are a great place to start to offer products and services that are not sponsorship based.

In many markets in the very near future, the look of a non-media brand and a media brand, in terms of their general activities, will be nearly identical. Everyone is a publisher and media companies need to provide products and services to survive.

What say you?

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January 07, 2009

Recession Creates Opportunity - Invest in Marketing that Builds Assets

Recession_opportunity I talked to a medium-sized company today that was having some difficulty with their content marketing efforts. After about five minutes it was easy to see why.

The print newsletter and "magalog" were owned by customer service. The five enewsletters were ultimately managed by IT. White papers, eBooks and annual reports were executed by marketing. The website was split up between IT, marketing and sales. And no one was responsible for listening to the customer through social media tools. Frankly, most of the attention was still going to trade shows, direct mail and telemarketing.

Lots of wasted time and resources. Everything was being measured individually and no person had the power to bring the teams together. The worst part? - everyone was so worried about their little piece of the pie, no one was paying attention to the informational needs of the customer (Twitter? - what's that?).

Things are about to change because now they have no choice. Sometimes a recession creates opportunity.

What's Your Opportunity?

Every company, no matter the size, has marketing processes or strategies that used to make sense in the past, but now just don't work.

In the good times, these processes go on because a little bit of waste is okay, tolerated or ignored altogether.

In times like these, your marketing can't afford waste.

Look at your marketing and do the following:

  1. Take a hard look at what's working and what's not working.  You will probably find marketing that builds an asset is performing better (your website, your white papers, your videos - things that help you tell your story). Marketing that is created and disappears (online display, print ads, etc. - things that are difficult to tell a story) are either not performing as well or you aren't sure what it's doing.
  2. Disregard relationships and well-worn marketing paths. You can't afford to play nice anymore. Make the hard decisions now when the opportunity is in front of you (Yes, you can finally fire that person/contractor/agency).
  3. Don't pocket all the marketing dollars you are cutting.  Reinvest a portion of those savings into assets and stories - your web content, your enewsletter content, your informational products, your "customer listening" staff. Focus on being the trusted solutions provider for your industry - invest in products that do just that.
  4. Address duplicate content issues. (courtesy of Natanya Anderson) Many times we find that several groups in a company are trying to address the same content needs, but through their unique lenses (and not typically through the customers' lens). They are all telling a very similar story and creating multiple, redundant assets, none of which really meet the end-user's needs. If companies can centralize these efforts and make the focus of the asset development the user, they will most likely be able to create a single asset that performs well.
  5. Execute.

The companies that take advantage of this great opportunity will be leading their industries after the dust settles.

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December 21, 2008

42+ Social Media and Content Marketing Predictions for 2009

Predictions_Junta42 Some people hate them, but I'm a sucker for prediction articles. The switch over to the next calendar year always provides the perfect scenario to decide what the fate of marketing will be.

We reached out to the Junta42 community, as well as the Junta42 Top 42 bloggers, to get their take on what the new year would hold for content marketing and social media.  As you will see, lots of opportunity amidst great uncertainty. Just the way we like it.

Thanks to those who contributed. Some truly outstanding expertise (and frankly, free consulting from some of the best). If you don't agree or would like to add yours, please do - and pass this along to any marketing folk you know.

The Junta42 Top 42 Bloggers

Name: Paul Bradshaw, Online Journalism Blog
Prediction: Marketers will get cheap. Budgets will be tight, which will make for more creative experimentation and rough-and-ready projects. As a result they will realize that polished product doesn't work online. They'll also be more concerned with analytics and measuring success, and we may see the development of more uniform models of measurement than we've had so far.

Name: David Meerman Scott
Prediction: Unfortunately, I have a bit of a dire prediction. But first some background.

Many marketers have now discovered Twitter. That's a good thing. And many marketers are using Twitter in very interesting and useful ways. However I'm seeing more and more Twitter feeds created not with a person's name "Mary Smith at Acme Products" but instead the feed is created with the company name instead "Acme Products".

While I'm sure that some people may want to follow their favorite company, I'm seeing many of these feeds as a derivative of spam because they just prattle on about their products and services all day.

Twitter is not an advertising tool.

I predict that in 2009 there will be a backlash against company Twitter accounts and either the Twitter community will need to self-police or the good people who run Twitter will need to make rules.

Name: Frank Martin, Marketing Magic
Prediction: Brand marketers will be exploring or building their Social Media presence in an attempt to further their messages and to boost the cost effectiveness of their marketing expenditures. They will continue to struggle with the lack of control over the content, which will push them to preach "living the brand internally. NOT a bad thing!

Name: Cimarron Buser, Texterity
Prediction: Combining traditional media with electronic media will increase. For example, in the print magazine world, the print magazine, website, newsletters, and digital editions for desktops and mobile devices will all be used to increase engagement with the reader. Interactivity is growing: not just "user contributed content", but also allowing polls and commenting to seamlessly interact with a site or digital magazine, and then show up (again) in a print version.

Name
: Giles Rhys Jones, Interactive Marketing Trends
Prediction: Distributed Eventing
The creation of an event to reach a few people, then the filming and merchandising of that event nationally, regionally and globally through both broadcast and digital channel to reach a much broader audience.

Name: Marcus Grimm, Nxtbook
Prediction: We're a digital magazine and digital collateral provider, so it makes sense that I'd predict continued growth in that arena. But aside from my own bias, the stars are well aligned for that prediction: In a tough economy, dollars will always flow from expensive projects with unclear ROI to less costly initiatives with a well-defined ROI. For marketers, digital magazines and collateral do just that.   

Name: Paul Dunay, Buzz Marketing for Technology
Prediction: I think you will see more companies acting like Media companies and even launching their own media properties based off of blogs, communities, and wikis they set up over the last few years.   

Name: Scott Monty
Prediction: Content will be more focused around conversation than messaging. Brand marketers will begin listening to what their customers are saying and will be able to reply in an authentic engaging manner.   

Name: Sally Falkow, co-developer of PRESSfeed
Prediction: News articles with images and video syndicated in RSS feeds should be a big part of brand marketers' strategy in 2009.  The most clicked items on a Universal search results page are images and news. Americans are showing more and more interest in RSS.  'What is RSS?' is on the top ten list of questions searched in the Google Zeitgeist list for 2008.  Brand marketers should take advantage of this increasing interest in RSS.

Name: Michael A. Stelzner, author of 'Writing White Papers: How to Capture Readers and Keep Them Engaged'
Prediction: Social media is the new frontier for marketing.  I predict a "gold rush" will take place as businesses quickly secure their spots in the social media frontier. 

Many will rush to put up their Twitter sites and attempt to leverage LinkedIn and Facebook groups to further interact with their clientele.

These sites will be used to drive traffic to free content offerings, such as white papers and ebooks.  DON'T MISS OUT.  Get your social media plan underway now! You still have a first-mover advantage.

Name: Scott Howard, ScLoHo
Prediction: In 2009 the smart brand marketers will reach out via text offers and Twitter offers to the college aged crowd, money saving offers that they can use repeatedly to build brand preferences for the future.   

Name: Jason Falls
Prediction: While I'm not optimistic many will catch on to this in 2009, some will. Creating and distributing branded content will have to focus around something other than the brand to be optimally successful. Whether it's a lifestyle, peripheral niche topics or by championing a cause or position, innovative brands will start to provide engaging content that allows them to intertwine the brand rather than push it as the primary selling point.

Name: Jacob Morgan
Prediction: It's no secret that social media is going to be a killer way for brand marketers to distribute and create their content.  I think the main challenge is going to be how to measure the value or "ROI" on social media efforts and how to replicate social media successes.  I am hoping that 2009 will bring about the integration of traditional media, social media, and search.  Once a company can master the integration of all three, they will have a killer campaign.

I think we are also going to see Twitter blow up in terms of users - be prepared for a lot of spam and a lot of junk.  The quality of Twitter and it's ability to filter spam is definitely going to be tested.  We are already seeing some of this now.  Truth be told, 2009 is going to involve a lot of testing and trial and error for brand marketers.  There is no formula for social media success.  However, we are also going to venture into an exciting time where companies and brands are going to try new things that will hopefully lead to case studies and examples that can be applied across the industry.  Will we see a television commercial mention a corporate twitter account?  We'll see.

I'm hoping that in 2009 companies and marketers will really see the value in building relationships with their users and customers through social media.

Name: Karthik Murali H
Prediction: Embracing Web 2.0  with social networking and bookmarking sites will be the route most brand marketers would take and it seems the most obvious economical choice in the current scenario.   

Name: Toby Bloomberg, Diva Marketing
Prediction: I hesitate to make predictions so instead here are a few "I hope the brand marketers get it" wish list for 2009.

I wish that brand marketers would realize that building relationships via mobile is not pushing ads but providing valuable content that can be customized a la iPhone apps.

I wish that brand marketers would understand that to build trust means to participate with customers within the social media communities/blogs. It's not "social" until there is an exchange.

I wish that brand marketers would take the time to develop internal communication processes (that crosses silos) to support social media strategies before they launch social media initiatives.

Name: Dan Thornton
Prediction: Social Media Marketing will become a more mainstream approach, with a better understanding of how ROI is driven both directly and indirectly - this means an influx of brilliant examples, but also of the worst examples of jumping on something without investing the time and resources to understand it properly first.

Technology wise, Twitter will be officially mainstream, and will have monetized in some way, so I'd expect a rush of companies using whatever appears as a short term, low effort way to get into the buzz around micro blogging.

I'd also say video will continue to become more and more utilized - both as a publicity tool, but also as an interaction tool using sites like Seesmic, 12 seconds or mobatalk as ways to actually engage with people and provide a way for conversations to form via video.   

Name: Mark Brownlow
Prediction: 2009 will see more brands providing opportunities, tools and experiences that allow or encourage others to create and distribute content on their behalf. It takes a leap of faith to let go of control of the final content or message. But that control started to decline from the day someone said, "hey, let's connect these two computers together."

Name: Marc Meyer
Prediction: I think  brands will take more ownership of the content they create this coming year, but I think they still don't understand how to best reach the consumer. As many strides as we have made with social media this past year, much needs to be done for 2009. With that said, look for more cross promotional content creation this year as well.

Name: Rick Liebling
Prediction: This may be more of a hope than a prediction, but I'd like to see more marketers empower employees across the company to be content creators.  If I'm a fan of a car company, I want to hear from designers, engineers, assembly line workers, sales, you name it. Have them participate in a group blog network, or on Twitter, whatever, the platform doesn't matter so much, it is the passion of the people that work for the company that really make the brand. Push that passion out to the consumer in an authentic manner and you'll create fans.   

Name: Becky Carroll
Prediction: I believe that brand marketers will put more resources into having their customers help them create and distribute brand content. As consumers are tuning-out traditional advertising and marketing efforts, they are turning to their peers for advice and recommendations. Brand content that is created and distributed by peers who are evangelists for the brand can have significant impact not just on branding but also on sales and customer loyalty.   

Name: Patsi Krakoff aka The Blog Squad
Prediction: In 2009 we'll see more brands developing a personality or a persona to represent the core values of the company. This 'persona' will be responsible for most of the brand's blog content and social media messages.

Cutting edge companies like Razer, the computer gaming hardware developer, have been using their founder, RazerGuy, as spokesperson for years. Other brands will find or create a persona to embody the spirit of their company. How else can companies connect and build relationships unless there is a person with a real personality?

As The Blog Squad, my partner Denise Wakeman and I have realized the importance of 'persona' to connect with people and to represent what our company does. Fortunately, we're real people. I pity those companies that are going to have to invent a persona because that will never work as well as authenticity.

Rohit Bhargava hit the nail on the head with his book Personality Not Included. I predict that 2009 will be the Year of the Personality!

Name: Brian Solis
Prediction: Brand marketers will continue to experiment with existing and emerging forms of social media, concentrating their efforts substance and distribution and not frequency (maybe that's a wish and less of a prediction). Content syndication aka Social Syndication is key for rising above the noise and connecting with the very people who can benefit from your words, thoughts, ideas, and passion. Social syndication will also require aggregated monitoring of all activity in order to not only "push" content at people, but also provide a hub for viewing, analyzing, and responding to their feedback, where those individual conversations transpire. We will also see integrated dashboards such as PeopleBrowsr and 8hands tightly intertwine the distributed web to enable true participation and cultivation of genuine relationships across diverse communities. The social web will expand and contract in 2009, but we will also gain access to the very solutions that will make the real and online world a much smaller place.

Name: David Reich, Reich Communications, Inc.
Prediction: Marketers will continue to experiment with social media in 2009, although they may not get into it as deeply as they might have hoped before the financial meltdown.  But tight budgets might work in favor of trying social media, since programs on various platforms, especially blogs, need not be costly to be effective at reaching and engaging customers.         

Name: Rick Burnes, Hubspot
Prediction: In 2009 brand marketers will

  1. create more, higher-quality content
  2. become more respected as a source for content   

Name: Neil Perkin
Prediction: 2009 is going to be a hugely challenging year for everyone, but the transition of all media streams to become social is a permanent change meaning that more and more brand owners will need to adopt distributed networked models over destination models. The challenging environment will see more focus on ROI, a desire for greater definition, and the rise in new forms of context.

Name: Ann Handley, MarketingProfs
Prediction: In 2009, an increasing number of journalists find themselves out of work at traditional newspapers, which continue to struggle with sustaining their business. Good news: the writers find a home as "content producers" and "content managers" on the corporate side, in companies of all shapes and sizes.

People who are trained as journalists are specifically geared to helping companies execute on their 2009 marketing strategy, which is to become trusted sources of information within their specific industries. They can help companies see the wisdom of talking less about the company itself, and more about solutions they can help their customers with. They are wonderfully creative in developing interesting and compelling content.

Advice: If you are thinking of increasing your content play in 2009, hire a journalist.

Name: Mark Nagurski
Prediction: 2009: The Year Small Business Comes Out to Play

If 2008 was the year that social media went mainstream, then 2009 will be the year that small businesses and micro-brands start using those very same social media  tools to make and distribute their content.

Take a sneaky peek outside the online bubble and for a sizable chunk of the small business world, the term web strategy still refers to a 4-page brochure website and a Hotmail address. And the small business world is a sizable chunk of the bigger business pie.

But the growth of social media and the importance of search have helped to democratize the tools needed to go beyond static sites and create and distribute content. Blogs are free, YouTube hosts your video for you and RSS makes syndication really simple.

So as individuals become increasingly familiar with these tools in their own personal lives, they will begin to play and experiment and otherwise dip their toes in the content creation waters in their business lives too. Some will take to it and some will prefer the seeming security of the status quo beach.

Either way, just as the trend junkies and early adopters begin to sound the death knell for blogging, podcasting and anything else established B.T. (before Twitter), 2009 will see us welcoming the early majority to the party.

It should be some party.

Name: Paul Gillin
Prediction: I believe 2009 will see the beginnings of a new approach to corporate blogging that is more genuine and open. Corporate Blogs 2.0 will admit that fallibility is not a sin and will trust their customers to help them make their businesses better.  The few businesses that have taken a risk and bared their souls have found that their transparency engenders sympathy, trust and support.  The business world will experience a great deal of pain during the first part of the next year.  There is no better time for them to ask customers for help and understanding.      

Name: Heather Lloyd-Martin
Prediction: 2008 was the year of big brands sticking their toes into the SEO content waters.  More than ever before, companies were building out blogs, articles, FAQ pages, white papers and robust product descriptions in an attempt to gain better organic search engine ranking and capture market share.

Although many companies did a fantastic job (@zappos being one), other companies created what they called "content for the search engines."  Unfortunately, this content was keyphrase-stuffed without regard to direct marketing principals. In essence, their content was written solely for the search engines without regard to their readers' experience.

I see many companies shifting their content approach to one that's less about search engine rankings and more about blending direct response writing with SEO principals.  Companies implementing SEO copywriting strategies in 2009 are focusing more on creating a dialogue with their customers.  In-house teams are stressing messaging and conversion - and less on gaining a particular keyword position or per-page keyphrase density (thank goodness). 

Companies are also starting to put more value on SEO copywriting training - whether that means sending their team to conferences, building in-house training initiatives, or planning ongoing educational opportunities.

It's a very exciting time.

Name: Valeria Maltoni
Prediction: Execution is the new strategy!

I strongly believe this. With the speed at which things are changing in today's business environment, it will become critical to do and adjust as you learn while doing. Yes, strategy and planning are important, but doing is and will be critical.

This will especially be important when creating content. In many companies and businesses, there is way too much planning and way too little creating. My prediction is that success will come to those who do and edit on an ongoing basis. The year of the "doer" is here - now repeat after me "can do".     

Name: Ardath Albee
Prediction: In 2009, content will help companies become ubiquitous in their area of expertise. Instead of only sharing their expertise with people who come to their websites and fill out a form, B2B marketers will start spreading (syndicating) their content across the Internet to intersect with where their customers and potential customers hang out.

Marketers will employ content to attract interactive dialogues. They'll learn how to have meaningful "social" conversations and come to understand how to use storytelling content to build relationships that more easily progress to sales opportunities.

Instead of one-off content developed for a specific company event, or campaign, marketers will develop their content using an overarching story as a thematic guide to map content to buying stages. And, they'll start to personalize content to address specific target segment needs as they get better at reading virtual behavior and responding to the interests that prospects indicate.

The result of this shift in the creation and use of marketing content is that companies will attract more prospects who opt in to dialogue and that, by using content to create momentum in the buyer's journey, salespeople will be focused on selling to opportunities, instead of qualifying leads.

Name: Joe "Giuseppe" Zuccaro
Prediction: Obviously through social networks that provide transparency and authenticity.  Video will play a larger role.  But the authenticity may have to come through a person whose role is more like an "ombudsman" than a brand manager or PR flack.

Name: Chris Moritz, Campbell-Ewald
Prediction: Social channels (for real this time) - talked about a lot in 2008, but low participation when compared to what will happen in 2009. Microblogging, syndication and aggregation via RSS, email newsletters wedded to social network profiles - this will positively explode in '09.

A mixture of company-, user-, and agency-generated content facilitated and directed by a dedicated content strategist, powered by antediluvian content management systems (for the unlucky) and blogging-style publishing tools (for the fortunate).

Delivery of content may be seen more often via API-powered Javascript widgets/gadgets like Google's OpenSocial. Allows for quicker deployment without the need for manual coding or complicated back end modifications.

Name: Neil Marshall
Prediction: Consider this both a prediction and a plea from someone in marketing and a consumer of content ...

Let's make 2009 the year of true 1:1 content distribution.  Send me the content I want, when I want it, in the form that I’d like to consume it.  Let the challenging economic times inspire challenge to convention ... drop the one size fits all newsletter in favor of on demand delivery of targeted 1:1 messages driven by variable content.  Lose the plain text marketing pieces in favor of interactive video.  Use email, RSS, widgets, and portals as distribution points, and let me choose which of those work for me.

From Junta42 Content Providers and Content Agencies

Name: Kari Rippetoe - Social Media and Content Strategist
Prediction: Businesses are still catching on the phenomenon of blogging and realizing the value it holds for their brands.  I think more brand marketers will be including it as an essential part of their strategy, and budgeting for content development/management and community building/management.  With all the talk about social media measurement and how to prove ROI, blogging will be the best way for the late adopters to ease into social media and content marketing.   

Name: Diane Evans, Sunlit Communications
Prediction: Word of mouth -- with a different twist.  In geographic communities, local businesses build as word spreads of high quality work and reputable service.  The Internet brings together a different kind of community, where people "know" one another according to common interests and/or intersecting fields of work.  Either way, word spreads when work is done well, on time and for a fair and reasonable price. 

Name: Paul Barron - Publisher & Producer
Prediction: Webinars & live or pre-recorded Video events       

Name: David Crew
Prediction: Podcast & Video Podcasts 

Name: Scott Frangos
Prediction: Many will use the suite of Google tools to create presentations, surveys, slide shows, and even plug in lists using web published spreadsheets.   

Name: Marilyn K. Dayton, EOTO Custom Publications
Prediction: As we at EOTO Publishing look ahead into 2009, we can foresee the potential effects of both the recession and the associated drop in overall marketing budgets. We predict an approximate 10% drop in overall ad spending, especially in Corporate America. Depending on the industry, small business may find a need to cut ad/marketing spending at a higher rate than Corporate America. To compensate, there will be emerging opportunities that will increase the replacement of traditional media spending with e-Commerce, in the form of:

  • email blasts - a fast, quick method of personalized marketing       
  • e-newsletters - frequent informational deliverability       
  • e-magazines/e-brochures - due to segmentation potential       

There will be less tactics and more strategy and innovative, fresh thinking to connect and interact branding with consumers. We will see increased collaboration through cross marketing opportunities with web ads as well as an increase in bartered marketing. However, the growth of eCommerce marketing listed above will be overshadowed by increased paid searches and social networking techniques.       

Name: Anna Prokos
Prediction: Marketers will reach out to custom media providers who specialize in digital magazines and online applications—a more cost-effective and fast way to get their content into the hands of readers.      

Name: Michael Blumberg
Prediction: The big challenge for brands is going to be reaching consumers without appearing to be selling anything. Consumers can smell ads a mile away, and tend to avoid them when they can (witness DVRs and extremely low click-through rates on online search and display advertising). People do not like brand messaging with a hidden agenda.

However, giving high-quality content as a gift with no strings attached is likely to increase consumer appreciation. I therefore predict that brands will shy away from ads and toward sponsoring more independent editorial. They may also increase direct response tactics that appeal to consumers' wallet, like offers, promotions and sweepstakes.   

Name: Russell Sparkman
Prediction: In 2009, there will be continued enthusiasm for online user-generated Content and Social Media. However, there will be increased recognition that UGC/Social Media isn’t a fit for every communicator’s needs or goals, leading to an increased awareness of, and demand for, professionally produced content in online corporate communications.

In particular, 2009 will herald the widespread emergence of marketing and public awareness communications content that sits at the nexus of corporate communications and journalism. As more and more non-media organizations begin to think and act like publishers there will be increased emphasis in quality and professionalism in content creation.

Corporate, non-profit and government websites will become more and more like online magazines or channels. And those who recognize the importance of compelling, authentic storytelling content in their online communications will see the greatest long term ROI from their content investments.

All sectors that are engaged in marketing communications activities will be influenced by this trend. This includes not only consumer product manufacturers and retailers but also non-profit organizations and governmental organizations.

A by-product of this trend is that professional writers, photographers, videographers, illustrators, animators, etc., -- many of whom are wary of the “anybody can publish” world of free UGC/Social Media – will see increased demand for their professional services.

Name: Paul Conley
Prediction: I expect brand marketers to begin buying media properties -- particularly well-established brands with both Web and print products -- from traditional B2B publishers. The economic crisis in publishing offers a once-in-a-lifetime opportunity for marketers. I expect them to act on it.   

Name: Simon Kelly, Story Worldwide
Prediction:

  1. Media will end before advertising. The collapse is well under way. Consumers will need to get information elsewhere.
  2. With nowhere to go, advertising will follow very quickly. Consumers won't care.
  3. Story listening will become prevalent as brands realize they have to do that before telling their story.
  4. Social networking will continue to proliferate and P+G will not spend any more on ads on facebook.
  5. Clients will start to create their own private social networks - as brands turn into media channels, social media will lead the channel delivery.
  6. Large agencies will collapse. See point 2. They will try to drink from ever smaller (digital) pools and realize they have neither the skills nor nimble approach to survive

Name: Tammy Wise, The Wise Group
Prediction: As mainstream media pares staff and traditional media readership declines, opportunities for brand marketers to get out their message will evolve dramatically. No longer needing to persuade mainstream media gatekeepers, brand marketers will realize the critical need to provide relevant, quality content. Marketing messages will follow a less-advertising, more journalistic approach that offers relevant stories that show impact, offer counsel and demonstrate fairness. Target audiences will seek content, particularly online, that fills their need for relevant, useful information.

Name: Gordon Plutsky, King Fish Media
Prediction: Traditional media companies will continue to lose ad revenue from companies who are now creating their own content to own their own media channel.  However, smart media companies will prosper by offering innovative lead generation programs for companies to distribute their content to new audiences.   Content creating companies and media companies will create win/win partnerships to leverage the relationship’s media brands have with their audience to marry with company created original content.  The combination will result in a positive environment for content marketing.

***************

Did we miss any?  If so, add yours below.

If you liked this, check out 10 Content Marketing Tips to Start Now for 2009 or Content Marketing on the Rise for 2009.

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December 17, 2008

New Research: With Economy Rattled, Marketers Spending on Content/Social Media

We've just completed our December Junta42 readership study and frankly, I'm surprised. I bought into the thinking, like most other marketing and publishing professionals, that marketers would hold back spending in all categories during these tough times.

I was wrong.

According to our research findings, marketers are continuing to stash more and more funds into their own content and social media initiatives. A full 56% of survey respondents stated that they will be increasing their content marketing spending in 2009 (remember, this study was completed the first week of December).

2009SpendingContentMarketing

There will be some naysayers about this survey.  Junta42 subscribers, for the most part, have already bought into the fact that content marketing is the future of marketing, making them (most likely) predisposed to spending more in that area. Regardless, the results are staggering, and clearly tell us that corporate content initiatives aren't just a luxury anymore - they are necessity - the engine behind the entire marketing program.

Please check out the full results here, including who the respondents were, decision-making authority, and core content tactics for 2009.

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December 11, 2008

Media Armageddon Has Silver Lining

This post by Kirk Cheyfitz over at the postadvertising.com site is truly compelling. Here he summarizes the current media environment:

"The global depression is accelerating this macro-trend [drop in traditional media], but it isn’t the driving reason. What’s happening is that the BIG categories of traditional ad spending are falling off a cliff while much smaller categories of non-traditional advertising are rising like rockets."

If this is at all a surprise to you, you haven't been paying attention.  We've seen this trend since the late 90s, and finally we are seeing big marketers take some serious action, causing havoc to the media world.

But right now, I would argue that there has never been more opportunity in media, particularly for non-media companies.

In my last post, I made the recommendation that large marketers look to buy up vertical trade publications. Non-media companies can (for a reasonable price), buy up the trades and online media sites that make sense with who their customers are. You may disagree with the fairness of this, but buying out talent and brands - and bringing on true content and editorial expertise into a corporate environment makes too much sense today (and without the bad media business model to hold them back anymore).

Rick Barnes had a great post today about how important "filters" will be in the media.  What a great opportunity for marketers?  There's lots of content out there, but not enough people making sense of the noise.  Could that be you?

Talented journalists are getting canned or leaving the media. Talent like this just doesn't appear all the time.  Act fast.

Technology is cheap.

Let's be certain about this. Nothing is wrong with "media" itself.  Consumers are engaging in more content through traditional channels, online resources and social media sites combined than ever before. Buyers are hungry for great information that can help them live better and be more successful at their jobs. The problem is that the traditional media models don't work in today's environment and must be changed.

This problem is the smell of sweet opportunity for marketing professionals. If you can position yourself as a trusted information provider today, sales and profit growth will be there tomorrow.

Sweet sweet content marketing.

December 09, 2008

10 Content Marketing Tips to Start Now for 2009

Number 10 One of the reasons I love my job is the different kinds of people I have the opportunity to interact with. Over the past year, I've met with entrepreneurs, thought leaders, agency executives, top marketers, social media gurus, publishing veterans, authors and others - all with particular insights and challenges about how to sell more, do more and be more.

If 2008 was the year social media went mainstream, 2009 should be the year of content marketing, the corporation as media company, the brand as publisher and broadcaster. Why? Because everyone of those incredibly intelligent people I met with, in some way or another, told me that the difference for brands who make it versus those that don't will be relevance. How can we, as brands, be relevant to our customers? How can we create and develop real relationships with them? How do we engage?

As my friend and colleague Kirk Cheyfitz has said over and over - brands can do only two things to create the goal of 100% engagement - we can inform our customers - or give them a good time.

To help, I've put together 10 tactics that I believe you need to seriously consider NOW as part of your 2009 content plan (not in any particular order).

  1. Tell the Story Differently through Different Media - It's frustrating to watch the sheer number of marketers tell a great story, but repurpose that story the same way in all their media. Ian Alexander over at Eat Media constantly harps (and rightfully so) on the concept that the story you tell in print versus mobile versus website versus video must be told in a very different manner. Seems obvious, but it's not done. Most commonly, this mistake is made from taking a print custom program and just putting it online. Do you engage with content in the same way in print as you do the web? Most likely, you don't. Do not expect more of your customers than yourself.
  2. Raid Traditional Media Outlets - As traditional media continues to lay off the best journalists in the world and layoffs and bankruptcies abound, your opportunity to acquire talent has never been greater. Of course, I'm biased a bit that I believe most marketers should outsource their content and find great providers through our service, but this opportunity is too good to be true. First, the talent is available now. Second, expert journalists are very open to working with corporations today. Third, you need great content to survive as a marketer. To do this, you need talent that understands how to tell a story. Go get that talent today while there is still time (and before they all start up their own content marketing businesses).
  3. Why Partner with Media Companies, Just Buy Them - Granted, this is for the larger marketers among us, but a great strategy nonetheless. Paul Conley just posted an excellent read on the shape of the media industry, and his #1 prediction was that content marketers may start to buy b-to-b media companies. I've agreed with this strategy ever since I was at Penton (when I thought Penton should be purchased by eBay Business - and still think it's a great idea for both). Remember, a media company is all about connecting buyers and sellers. Corporations need to do that as well, they only want to limit the number of sellers (to one).
  4. Time to Start Using Twitter - I will agree with you...I thought Twitter was stupid when I first tried it. Now, it is an indispensable tool, where I've increased my network, formed partnerships, and led to new business opportunities. To understand the true power you need to use a tool like TweetDeck, which is the ultimately reputation management tool if you can't afford a real reputation management tool. Check out this article by Ann Smarty on using Twitter for Business, as well as Shama Hyder's 101 Ways to Rock Twitter. And finally, if you are distributing relevant content, try sending your RSS feeds through Twitter by using TwitterFeed.
  5. Get Serious about a Content Audit - In all honesty, this is a huge task and very challenging to look for all the pieces of content in an organization from the inside.  If you are serious about performing a content audit, look to an outside expert to execute it.  For example, they will look at all your forms of communication and the information you are sending out in order to make recommendations on how to create and fine tune a consistent and relevant message to your customers and prospects.  This includes all the content you have on the web and what's circulating around your company.  Just think about your website…is it consistent?  Does it communicate your vision? If you are serious, we have a number of providers in the Junta42 Match system.

    The results of the content audit will help define the purpose, context, types, topics, voice and style for your content marketing plan.  With this information, you’ll have a good handle on where you are currently, and where you need to be in relation to your customers. Hat's off to Kristina Halvorson at Brain Traffic for showing me the light on content strategy.
  6. No Reputation Management System? - Work on Your Google Alerts: Of all the listening tools out there, Google Alerts is probably the one I use the most (even more than Twitter).  The way Google Alerts works is that I can monitor keywords and brand names, and whenever anyone mentions them on the Internet, I’ll get a notification.  As a rule, when anyone blogs about me, my company, or my book, I want to know about it and comment to them.  Google Alerts helps me find most of this.

    But where this is really of value is to find out what people are saying around they topics that are important to you and your customers.  For example, by monitoring the term “content marketing” over the past couple years, I’ve really gained insight into how the definition has broadened and how more people are using the term in general. It also introduced me to thought leaders like Chris Brogan, who regularly posts and advocates the use of content marketing.

    We can help shape the conversation through our own content because we know what’s being talked about on other sites.

    So, how do you do it?  Google Alerts is a free tool.  The first thing you need to do is create a Gmail (or Google mail account), which is also free.  Once you have a Gmail account, just type in your keywords into Alerts and set your notifications. To use exact phrases (recommended), try using parentheses like so - "content marketing".
  7. Assign a Chief Conversation Officer - Whatever you call it, make sure someone is in charge of listening to customer conversations through blogs, Google Alerts, and Twitter.  Have that person be the personality for your brand.  Customers want to talk to other people, so it’s very important that you put a human face on this.

    Remember, a successful content marketing strategy is dependent on how well you know the customer's informational needs. Listening is required.

    Here’s an example why you need ownership.  Type in "Kodak" into Twitter Search and you'll find that there are hundreds of people just in the last day that are talking about Kodak in one way or another.  This takes someone’s full time attention to monitor what customers and prospects are saying (which is why Kodak has Jennifer Cisney @KodakCB as their Chief Blogger).  If done right, and with transparency and honesty, there may not be a better way to gain loyal customers than to interact with them in a personal way through social media.  So, I encourage you to take a very serious look at assigning an owner to your social conversation management.
  8. Are you BtoB? If so, choose to "Be the Media": Heck, BtoC can do this as well (it's just more challenging). Most brands don’t look at themselves as publishers or media companies right now.  This is starting to change.  Over the next five to ten years, content marketing – or whatever the phrase is – will be the engine behind most of the marketing that happens around the globe.  That’s because buying behavior has changed, and will never go back to the days of mass marketing.  I believe the early movers in providing best of breed industry and educational content will have a clear advantage and be able to position themselves as trusted content providers – which in the long run – will position them for sales and profit growth.  It’s not easy, and right now it takes work to measure, but, as Seth Godin has said, Content Marketing is the only marketing left.

    Point is, don't wait for your industry's trade publication or online resource to cover an important topic - important to you and your customers. Go out and develop that information yourselves. Become the trusted content provider in your industry. Not only a good thing to do for your customers and industry, but believe me, it will be good for your bottom line.
  9. Find Someone to Be Your Publisher/Media Company - Yes, even though I believe you should grab the journalistic talent when you can, partnering with an organization that focuses on content 24/7 is just a smart move.

    You need someone to own your content process.  Select someone to be your turnkey publisher. In my experience, marcom people are not necessarily the most qualified to create story-driven content.  So, if you are serious about growing your business through content marketing, find the expertise now. 

    Once you select your publisher or journalist as part of your content team, you should expect them to assist you with the following:
    • You can count on this group to help you develop the content plan.  This means that they need to have the best understanding of your customer’s informational needs, and make sure that you have a plan to communicate to each of your customer segments – valuable, relevant and compelling information.  This will involve surveys and discussions with your customers and prospects, and from that you can create a buyer persona for your customer, which is a detailed representation of who your buyer is.
    • Now, Once the content plan is created, you may be asking what types of programs you may need to execute. This will ultimately be dependent on your content plan and the kinds of information that you need them to receive. 

      So, you need case studies, interviews with customers about challenges solved. Industry white papers or ebooks that cover a key topic that your customers need to be educated on.  White papers are generally done quarterly by even smaller organizations. For webcasts, you can produce webcasts for resellers, educating them on what’s going on in the industry so they can sell better, or communicate with webcasts/webinars directly to customers.  Key for webcasts is to do it consistently.  Many brands partner with media companies to use webcasts as lead generators.  When done right, there may not be a better lead generator than webcasts.

      Believe it or not, custom magazines are still growing, and yes, in print.  Most consumers still enjoy reading print magazines, and even with all the Internet hype, readership in magazines hasn’t gone down.  For distributing in depth information and positioning yourself as a true solutions provider, custom magazines or even online digital magazines are a good choice.  With custom magazines, think retention for your very best customers.

      eNewsletters are the most popular content vehicle, and unfortunately most are pretty bad.  You have an opportunity to really position yourself as an expert if you deliver consistently valuable content instead of news release/press release type information. I've always loved what the folks at IMN do with their Pro&Content eNewsletter.

      And finally, social media community sites/blogs and content-focused microsites are all growing in popularity.  The key to any successful blog or social media site is this: If you can’t handle customer comments that may be negative in nature, don't go in this direction.  Some companies mask the openness of a blog but don’t allow comments.  My question to that is, what’s the point?  Also, the content needs to be good, and it needs to be personal.  Ghost writing a blog is possible but tough…to make this successful you really need a company personality…but your content provider/publisher can help you get the direction right.

    Those are just a few…remember, every communication challenge is different, and may require a different content initiative - which is why an expert publisher is so important.  Also, for the most part, none of these initiatives work independently.  For example, there is no such thing as just a custom magazine.  There is always an online component, which may be a microsite, additional web content, white papers and more - and in each of those media channels, the story needs to be told differently for maximum engagement.
  10. All this is Meaningless Unless You Measure: Yes, content marketing is a good idea for any size company, but without measurement, how do you have any idea what is working? My former boss at Penton Media, Bill Donahue, used to preach to me all the time that "Hope is not a strategy". Even hope, without an idea of a preferred end result, may actually be defined as insanity.

    Before you launch any content initiative, create the content strategy around your marketing program, and be very specific with how you will measure success. Use numbers whenever you can to quantify your plan. Then, have your management buy off on those numbers to support your content plan. Although we finish with this strategy as our last, it probably should be the first. Successful content marketing plans need at least six months just to get any traction at all - so plan for a minimum of 12 to 18 months and continually modify your plan as you gain customer intelligence.

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