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Make Sure You Are on Stable Ground [New Research]

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Make Sure You Are on Stable Ground [New Research]


There’s a wonderful scene in the movie Indiana Jones and the Last Crusade when the rich investor, Walter Donovan, tries to convince Indy to go after the Holy Grail. He says, “We’re on the verge of completing a quest that began almost 2,000 years ago. We’re just one step away.” Indy responds, “That’s usually when the ground falls out from underneath your feet.”

When we released our 2021 B2C content marketing research, I noted the data showed the “imperative to develop direct, digital relationships with customers” became more important. But the pandemic making us all feel a little like Indiana Jones: “We’re making this up as we go.”

The pandemic and other events of 2020 had given marketers confidence in increasing the importance of content marketing. But, I noted, the responsibility coming from that power was important. If content marketers wanted to succeed, scale, and grow, they needed to help their businesses understand how to realize their “gut feeling” that better content was necessary through an intelligent and functional strategy.

Well, CMI’s B2C Content Marketing: Benchmarks, Budgets, and Trends – Insights for 2022 indicates that B2C marketers still struggle with some classic content marketing challenges.

What challenges lie in wait for 2022?

Well, let’s explore.

We’re just one step away

According to this latest Content Marketing Institute and MarketingProfs research, one in four (26%) of B2C marketers rate their content marketing as extremely or very successful. That is a big drop from the previous year when one in three (34%) reported the same.

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About one-fourth of B2C marketers (26%) say their #ContentMarketing is extremely or very successful. That’s fewer than one year ago (34%), according to @CMIContent #B2C #research via @Robert_Rose. Click To Tweet

Yes, the pandemic continues to have a lot to do with this struggle. Talent acquisition has been more difficult. Priorities in digital transformation for sales enablement, e-commerce, and other customer experiences have deprioritized some content marketing initiatives.

Content marketing strategies for 79% of B2C marketers have changed at least slightly since the pandemic, while 20% of marketers say they’re implementing strategies that are extremely or very different.

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Things are, indeed, both the same and very different.

Make sure the ground doesn’t fall away

Indiana Jones always survives the ground falling out beneath him because he’s always aware that it might. He prepares.

That’s why what I said in last year’s research bears repeating: “(I)t’s no longer good enough for content marketers to simply understand how to create blogs, infographics, or other media assets.  We need to understand how solid planning of content operations (across ALL of marketing and communications) fits into our ongoing approach. That means understanding technology, governance, and how to structure content so that it can be reused, repackaged, and leveraged across silos.”

We see content marketers wearing more hats, and this is only going to continue in 2022.  As content marketing grows as a multi-discipline practice and becomes an important part of our business strategy, detailing the “planning” and “preparation” part of that strategy is how we stay on solid ground.

Data from this year’s research points the way into some of that preparation.

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Investment in video here to stay

As they did last year, short articles/posts topped the list of content types used by content marketers. Most other content types remained steady compared with the last few years, with the obvious exception of in-person events and one less-expected difference – long-form articles, which almost doubled in usage (42% vs. 22% the previous year).

Content Assets B2C Marketers Created/Used in Last 12 Months

As far as budget this year, 61% of marketers say their 2022 content marketing budget will be higher than their 2021 budget. Where will they be spending money? Seventy-two percent expect to invest in video, followed by paid media (51%).

Areas of B2C Content Marketing Investment in 2022

Certainly the rise of TikTok as the most popular site on the internet and the ongoing trend of live video replacing in-person events largely drive this trend. This is something we’ve seen across both B2B and B2C – most notably with companies like Salesforce, which launched a video streaming platform as a marketing initiative.

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72% of #B2C marketers plan to invest in #video in 2022, according to new @CMIContent #B2C #research via @Robert_Rose. Click To Tweet

Given all companies have gotten this memo, differentiating and piercing the noise has become ever more difficult. So, paid media has become to become incredibly important in content marketing.

Paid media promotion increases

Over three-fourths (78%) of B2C marketers say they used paid methods to promote content in the previous year. Forty-three percent reported increasing their spending on paid promotion over the last 12 months.

Where are they buying? Paid social media advertising/promoted posts top the list (80%) followed by search engine marketing/pay-per-click (66%). Rounding out the top five involves a precipitous drop to sponsorships (39%), native advertising/sponsored content (36%), and partner email content promotions (24%).

Paid Content Distribution Channels B2C Marketers Used in Last 12 Months

#B2C marketers most often use #SocialMedia advertising/promoted posts as their top paid content distribution method, according to new @CMIContent #research via @Robert_Rose. Click To Tweet

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The results here are not surprising. As we’ve discussed for many years, social media strategies are clearly becoming paid media strategies – and we’ve seen many companies move much of their paid promotion to social media networks.

Time to double down on content operations

As I mentioned in the beginning, we’re close to reaching the Holy Grail. Content marketing has been recognized as a functional and active strategy. Even though we aren’t seeing marketing-related media, such as Adweek or Adage, reporting on the practice as much as we’d like, we are seeing the effects of this strategy. If you need the success stories, just ask us.

Whether it’s building a media company in your business, or branded content, or building your content studio, content marketing is an increasingly important piece of the B2C marketing strategy.

Although most B2C marketers report success with content marketing, the challenges are the same as they’ve been. The two most frequently cited are creating content that appeals to different segments within the target audience (42%) and internal communication between teams/silos (41%).

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B2C Organizations' Current Content Marketing Challenges

Both of those top two challenges speak to the internal operations of content and the development process. Our research points to continued transformational shifts that make content marketing an ever more important part of the integrated marketing mix.

In today’s modern business, everyone creates content — from the web team to the product team, brand team, demand-gen executives, even frontline account representatives. It’s probably easier to count who doesn’t create content-driven experiences for customers these days.

But we must realize that this explosive trend is actually our quest. Our attempts to complete it require us to develop not just great content, but an operational strategy that supports all content. Without a strategy, an inconsistent voice and inability to measure success will lead to the ground crumbling underneath us.

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Keep your eye on the real prize

My Advice?  Preparation.

It’s not the sexiest part, but a scalable, successful, and differentiating content marketing operation will help you more easily create, manage, activate, and measure digital content. You will define success by how well the content marketing strategy empowers everybody on the front line (sales, account reps, executives, and even accounting and legal) to tell your stories — and the best “next stories” — to your audience.

In many ways, we have to learn the same lesson as Indiana Jones at the end of The Last Crusade.  He was so close to getting the prize that he became obsessed with it. He saves himself from the ground falling from beneath him by letting it all go and realizing the quest wasn’t about his prize. The journey was about saving everyone around him.

A strategic content marketing operation isn’t the storyteller of the business. It’s what enables everyone else to be the storytellers.

Download the full B2C Content Marketing: Benchmarks, Budgets, and Trends – Insights for 2022 to learn more about what your peers are doing (or not doing).

Cover image by Joseph Kalinowski/Content Marketing Institute





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MARKETING

Old Navy to drop NFTs in July 4th promo update

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Old Navy to drop NFTs in July 4th promo update

Old Navy will update its yearly Fourth of July promotions by saluting the metaverse with an NFT drop, going live June 29.

In honor of the year they were founded, the retailer will release 1,994 common NFTs, each selling for $0.94. The NFTs will feature the iconic Magic the Dog and t include a promo code for customers to claim an Old Navy t-shirt at Old Navy locations or online.

“This launch is Old Navy’s first activation in web3 or with NFTs,” an Old Navy spokesperson told MarTech. “As a brand rooted in democratization and inclusivity, it was essential that we provide access and education for all with the launch of our first NFT collection. We want all our customers, whether they have experience with web3, to be able to learn and participate in this activation.”

Accessible and user-friendly. Any customer can participate by visiting a page off of Old Navy’s home site, where they’ll find step-by-step instructions.

There will also be an auction for a unique one-of-one NFT. All proceeds for the NFT and shirt sales go to Old Navy’s longtime charitable partner, Boys & Girls Clubs of America.

Additionally, 10% of NFT resales on the secondary market will also go to Boys & Girls Clubs.

Support. This activation is supported by Sweet, who’s played a major role in campaigns for other early NFT adopters like Burger King.

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The Old Navy NFTs will be minted on the Tezos blockchain, known for its low carbon footprint.

“This is Old Navy’s first time playing in the web3 space, and we are using the launch of our first NFT collection to test and learn,” said Old Navy’s spokesperson. “We’re excited to enable our customers with a new way to engage with our iconic brand and hero offerings and look forward to exploring additional consumer activations in web3 in the future.”

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Read next: 4 key strategies for NFT brand launches

Why we care. Macy’s also announced an NFT promotion timed to their fireworks show. This one will award one of 10,000 NFTs to those who join their Discord server.

Old Navy, in contrast, is keeping customers closer to their owned channels, and not funneling customers to Discord. Old Navy consumers who don’t have an NFT wallet can sign up through Sweet to purchase and bid on NFTs.

While Macy’s has done previous web3 promotions, this is Old Navy’s first. They’ve aligned a charity partner, brand tradition and concern for the environment with a solid first crack at crypto.


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About The Author

Chris Wood draws on over 15 years of reporting experience as a B2B editor and journalist. At DMN, he served as associate editor, offering original analysis on the evolving marketing tech landscape. He has interviewed leaders in tech and policy, from Canva CEO Melanie Perkins, to former Cisco CEO John Chambers, and Vivek Kundra, appointed by Barack Obama as the country’s first federal CIO. He is especially interested in how new technologies, including voice and blockchain, are disrupting the marketing world as we know it. In 2019, he moderated a panel on “innovation theater” at Fintech Inn, in Vilnius. In addition to his marketing-focused reporting in industry trades like Robotics Trends, Modern Brewery Age and AdNation News, Wood has also written for KIRKUS, and contributes fiction, criticism and poetry to several leading book blogs. He studied English at Fairfield University, and was born in Springfield, Massachusetts. He lives in New York.

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