Tag Archives: content marketing

How Should Benchmarks Fit into Your Content Marketing Strategy?

(This is a repost from CMS Connected.)

As digital marketers, and particularly as content marketers, benchmarks are a necessary strategic tool. There are two main reasons why this is the case. Without knowing what people and organizations have been capable of achieving before you, there’s really no way to detect if the work you’re doing is on the mark. For example, take the question of whether social media marketing should be a priority or a ‘nice to have’.  By getting information on what others have done in similar industries, you’ll get ideas on what might work for your company.The second reason for keeping up with industry benchmarks is to see – once you have put time into marketing efforts – what to expect for results. Ideally one is looking for marketing benchmarks BEFORE you do your marketing plans – however if you’ve dropped the ball on that – benchmarks can still be useful after marketing campaigns are over. Explanations of why something has done well or has bombed are much more credible when you can quote statistics.

For the purposes of this article I am going to focus on content marketing benchmarks, but the same ideas above are true for any sort of endeavor. Benchmark statistics in business are a great foundation on which to grow innovation, because when others have answered crucial questions before you, there’s no need to waste time on reinventing the wheel.

Content marketing benchmarks are difficult to find. You might think that they would be bountiful, as the world’s been doing “content marketing” for a while. But in fact, most marketers have not been able to measure their content marketing effectively, even multimillion dollar corporations. 88% of B2B marketers use content marketing, but only eight percent of marketers consider themselves “very successful” or “extremely successful” at tracking content marketing ROI. With these statistics in mind it’s not surprising that there aren’t a lot of examples out there.

Marketing agencies often have some great benchmarking stats, but unfortunately those statistics are often based on campaigns that market to marketers – who are a completely different type of consumer than say a CIO of a tech company or a CEO of a logistics firm.

What I have done for my own content and social media marketing campaigns is to piece together benchmarks – all related to content marketing – to try to get a good idea of what my goals and expectations should be, and what sort of marketing mix I should use. These benchmarks have helped me innovate and create some very successful content marketing and engagement over the past couple of years. They can be applied to any sort of B2B content marketing, from software to product sponsorships.

How long should my blog posts be? Depending on the topic of course 2500 words is recommended. No complex analysis needed here. If it’s relevant, people will read it – even 3500 words if those words are necessary and relevant. And my own experience backs up SerpIQ’s data.

When someone comes to my blog, should I expect them to behave the same way as when they come to my ecommerce site? Definitely not, the average bounce rates for blogs are – 70-98%. (Hubspot explains)

What channels should my site traffic be coming from? Check out these B2B Traffic sources (note this is for B2B websites, not blogs) (Hubspot)

  • 46% direct
  • 2% email
  • 33% organic
  • 2% other
  • 4% paid
  • 10% referrals
  • 3% social

How many visitors should I expect to my B2B blog? You can get an idea of how many site visitors to expect from Network Intellect (these stats aren’t for blogs unfortunately, and they’re based on fairly small companies):
B2B companies with

  • 11-25 employees should generate approximately 270 visitors per week (1080 per month)
  • 26-50  –  510 visitors per week
  • 51-200  –  710 visitors per week
  • Over 200 employees –  1650 visitors per week

How many people should I expect to convert at my site? Marketing Sherpa has a great chart showing average website conversions rates per industry. (Note this is for B2B websites, NOT content/Blogs.)

How many people should I expect to convert from my company’s blog? In-content links pointing to a signup page convert at about 1%-2%. This does not mean 1-2% of people will buy, it means 1-2% of people will click and sign up for – typically – an email list or whatever you have on offer. Here are more specific stats at Grow and Convert.

How are my competitors doing with their digital marketing and website traffic? You can type in any competitor and check out their stats here: https://www.similarweb.com/

Note: While some B2B companies have their blog as a section of their site, others have them as a completely separate site. So one needs to take that factor into consideration when using these stats.

Digital Transformation: What it Is and Why It’s So Important to Marketers

Leah Kinthaert Interviewed for CMS Connect

Hot on the heels of Harvard Business Review trying to answer the question as to why B2B marketers say they’re even less effective at content marketing than they were in 2014, industry analyst and founder of Digital Clarity Scott Liewehr and marketing director Tyler Pyburn – hosts of the CMS Connected show – sat down with me to share ideas about the current state of digital transformation, specifically marketing’s role.

Without undergoing a digital transformation, you simply won’t make it

Daniel Newman wrote for Forbes late last year: “Your business may hang on to a core group of customers for a while, but without undergoing a digital transformation, you simply won’t make it.”

My take is that companies need to transform two major ways – looking outward in how they seek out technologies to utilize to be more productive  – and inward how they adapt to the usage of technology – whether it’s their employees or their customers using that technology. Suddenly we have these amazing technologies that can save millions of dollars for large companies. I’ll give the example of say, a construction worker.  Labor is 40% of construction costs and 29% of a worker’s day is spent idle waiting for permits. You get a mobile app you save the costs of about one day a week for every employee. It’s amazing people are still using paper.

In the case of say marketing it’s looking inward. Our customers are using technology in new ways all the time, and many of us are still marketing like it’s 2005. So we’re losing opportunities and our customers.

The third stage of embracing digital technologies

Some say what’s going on right now it actually a third stage of embracing digital technologies. The first two were: digital competence and digital literacy. Digital is not new, we’ve been using email and websites since the 1990s and 2000s. However, the key here is that now digital is a two-way conversation. With social media the consumer now demands to be part of the conversation. Most of us are still doing “old school” marketing, just using digital means. We’re sending emails and Tweets out, we’re showing consumers ads, just like we used to send brochures and buy newspaper ads. But digital transformation, this is a whole new ball game. It requires new ways of thinking and doing marketing, rather than simply enhancing and supporting the traditional methods.

1% of millennials trust the products in ads. They see them as not authentic. That’s why everywhere you go you hear about content marketing. You have content, and you have marketing. But when you put those two words together it transforms the meaning of both words. Content actually needs to be relevant to your customers (that’s where the marketing strategy comes in), and marketing actually becomes less about marketing and more about providing valuable information for your audience so they can do their jobs and make the right purchasing decisions, whether it’s your product, or someone else’s. It’s also about providing places they can get together and learn from their colleagues. We need to curate and nurture conversations now, be where the action is.

A truly disruptive time in marketing

We can tie back into this being the third stage of embracing digital technologies – it makes the whole idea of what “digital transformation” is fairly confusing. I think a lot of CEOs, companies think we have already done the “digital transformation” because we’re using email, blogs, paid digital media. It goes back to that two-way conversation. People overuse the term disruption but this really is disruptive. It’s not as clear as telling your team – ok we need to phase out flyers and mailings or telemarketing to focus on digital. Now we’re telling them – they need to completely rethink HOW they are Tweeting. The way they Tweeted in 2013, or even 2015 is not going to work. It can be frustrating on both ends, like those who are evangelizing cannot understand those who want to keep things the way they are and the other way around.

There are some positives around these challenges though. In a McKinsey and Company article last month James Bilefield called digital transformation a Trojan horse for a much broader business transformation, “a time to review many aspects of a business’s operations from top to bottom—the talent, the organizational structure, the operating model, even products and services” and this rings true to my experience. Digital transformation is like the ultimate desiloization process for organizations, it gets everyone talking to each other and sharing ideas and resources and that is invaluable.

Technology needs to keep up with the new ways we’re marketing

It’s actually shocking how quickly you can see results of it when you apply best practices such as Joe Pulizzi’s (founder of the Content Marketing Institute) 4-1-1- rule – however the flip side of this is that again we are still trying to figure out how to use technology to measure some of these fairly new practices and prove that they eventually become leads. If you think about it, software that measures marketing KPIs has been completely designed for very traditional “push marketing” such as tracking visits back to product websites. It is not surprising that it is not easy to measure say – the free sharing of third party content or engagement marketing – because those technologies simply weren’t set up to!

Adaptability is key in the current workplace

You need have a lot of humility. What you see as best practices can vary – or certainly needs to bend on occasion – and you need to be open to listening to teams. Even as the expert in content marketing, if you don’t listen to the traditional marketing and product teams you will lose out.

You need to constantly be educating yourself about the newest trends and be agile – again there’s the humility – being aware that things are constantly changing and what you thought you knew about your audience, or certain marketing channels, it’s probably changed radically in the past six months!

James Bilefield talks about “putting a designer on your executive team, like we have at Apple now, or even making a designer your CEO, as Burberry has recently done.” We’re going to see more organizations hire journalists as marketers. Nontraditional skill sets – or a mix of disciplines – are becoming more valuable there’s a kind of a multidisciplinary approach that’s becoming valuable to employers.

McKinsey says that building a culture of constant change – and getting outside your comfort zone –  is key to success. Getting that type of entrepreneurial employee, who has a real desire to make things work and is driven to combat challenges by coming up with original solutions– because right now we’re in such early stages with content marketing you’ve got to be inventive – this is the type of person you want to think about hiring.

A Forrester report last year said that only 5% of organizations feel they have mastered digital to a point of differentiation from their competitors. It’s really a whole new language for marketers to learn. When we transitioned from ads in the newspaper or mailings to email, we used the same methods just with new media. Now we really are turning everything completely on its head. Suddenly, it’s not about putting yourself in front of the competitor, it’s acknowledging your competitor exists, and even, in some cases, providing information about your competitor to educate your audience. This sort of thinking is really a complete 180, but we don’t really have a choice if we want to compete as organizations.

You can watch the entire conversation here.