Junta42/B2B Study – The Rise of Content Marketing

According to a recent Junta42/BtoB Magazine study, almost 30% of businesses marketing budgets are allocated to their own content. That means, instead of creating an advertisement that runs along side traditional media, businesses are developing and executing their own content, essentially being their own media.

Can I hear an Amen?

Look, there will always be interruption-style marketing, or what a recent BusinessWeek calls “attention-deficit” advertising. According to the article, “Marketers, only too aware that consumers are ignoring traditional ads, have adopted the ‘more is more’ approach and have begun advertising everywhere – in taxis, fitness clubs, and hospital waiting rooms.”
This will never stop. Some people will self-choose to become walking billboards and, outside of corporate design standards, some locales will look like Times Square on steroids. As long as there is product to sell, this will never stop.

But there is another way, a “higher road” per say, which business marketers are starting to get. 30% of a marketing budget is a huge number. Businesses are beginning to understand that the creation of valuable, relevant and compelling content may, ultimately, be the best way to drive long-term revenues and profits.

Let’s get this straight: Businesses don’t create their own educational content to be nice, they do it to make money.  The creation of content marketing within an organization may be one of those few areas where doing the “right” thing for your customers actually makes you more money (Toyota Prius and Waterfree urinals come to mind).

Why Now?

Even though the art of content marketing and custom publishing has been going on since the dawn of time (but formally recognized when John Deere launched their customer newsletter to farmers, The Furrow, in 1896), some media-types overlook why content marketing is beginning to skyrocket.

It all has to do with consumer control. Because of technological advances, today’s consumer (your customer) can control everything they engage in. In the past, consumers were “forced” to watch television commercials. TiVo proved this wasn’t a necessity. In the past, access to content was relegated to the elite few who had subscriptions to media sources. Google has democratized content to such a degree that literally anyone can find everything from anywhere in the world.

Today’s buyers engage with advertising when they choose to. The marketer has lost any and all control they might have had in the past. Without control, what’s a marketer to do?
From this perspective, the solution is easy: As a business, if my customers are going to ignore my ads, I must deliver them valuable content so they pay attention to me. This is the reason why 30% is just a starting point. In less than five years, it may be 50%…possibly more.

Exciting Times

If half or more of marketing budgets are dedicated to custom content, one thing is inevitable: the quality of content will continue to increase. Corporate content, in order to get the attention of customers, must be as good as or better than any content you’d find in mainstream or trade media.

Hard to fathom? Not really. We are still fighting for our customer’s attention, but instead of annoying them with a million unwanted messages a day, we’ll be strategically targeting an important piece of content, at the appropriate time, that makes the customer more intelligent, or makes their lives easier in some way.
In order to accomplish this task, businesses will reach out to the best journalists and publishers from around the world, from local to global, to help them deliver a valuable message to their customers. There may never be a better time to be a writer than right now. Forget being the chief editor of the Wall Street Journal, go to Microsoft, Cisco or P&G.
Exciting time indeed. Prepare the way.

Joe Pulizzi is founder and chief content officer for Junta42. Junta42’s Match product is a free resource for marketing professionals to help them find pre-qualified content marketing assistance. Read more of Joe at http://blog.junta42.com/.

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