Content Marketing – Insights in an emerging digital topic for CMO’s
This week, the Custom Content Council and ContentWise released their American survey “Characteristics Study: A Look at the Volume and Type of Content Marketing in America for 2011” that indicates the future for a young type of branding: content marketing. The study states that CMO’s are spending an all-time high of $12.5 billion of their budgets in emerging platforms for custom content marketing with virtual events, mobile, video, and educational content.
The platforms for content marketing are still ruled by a $24 billion spent on print production and distribution. It shows the relevance of print for their marketing activities. CMO’S dedicate 29% of their average overall marketing, advertising and communications budget to content marketing activities. Those custom content products and platforms are becoming increasingly important to chief marketing officers. The study reveals that 87% see content marketing is valuable, and more than one-third of CMOs (35%) believe custom content marketing is the future of marketing, an increase by 19% in 2006.
“While print remains the choice du jour for most custom media programs, new media channels are providing more growth opportunities for the custom content industry” (…) “This year’s study underscores multiple expansion areas for content. As the economy continues to rebound, the future of content looks very promising.” Lori Rosen, Executive Director, Custom Content Council
Some further key findings of the study are that for example video content is growing: 57% of marketers will produce video, (increase of 3% to last year). Website and blogs are still on of the main topics CMO’s are focussing on next to print custom content marketing formats: Website updates of articles, blog posts and other content is for 79% the main activity.
Consumers seem to value the custom content from brands and companies. 69% like when custom content marketing targets their interests and 67% see it is valuable. An even more important finding for me is that 61% admit they feel better about brands when these deliver custom content. AND: These consumers report to be more likely to make purchases with these brands and companies. Marketers should pay attention to this development of the power of digital content marketing, especially as content curation will affect their SEO strategies of their social web activities acording to a study by Curata. Although probably most CMO’s agree with these motivations, more than 73% also admit that creating original content is the main challenge for marketers. There’s obviously a lot that content marketing could do for brands and companies in the future. As money seems to be made available by companies, it’s just depending on the usual bottle-necks: people and time.