Home > Marketing > Trust Economy: Summaries to 4 Content Marketing Studies

Trust Economy: Summaries to 4 Content Marketing Studies

Economy of Trust: Summaries to 4 Content Marketing Studies

If the B2B community feels overwhelmed by the volume of content, then B2B marketing might feel overwhelmed by the volume of content marketing studies.  Yet it’s still important to pause from time-to-time and review the data and trends.

The trends suggest to me that content is still very much a form of currency bartered in exchange for attention. However, marketers, especially B2B marketers are beginning to realize that, in an economy of trust, not all currencies are equal. High-quality content may well be more than a floating currency – it is the precious metal of the trust economy.

B2B marketers are beginning to realize that, in an economy of trust, not all currencies are equal. High quality content may well be more than a floating currency – it is the precious metal of the trust economy

This post provides summaries to four recent content marketing studies – as part of the cliff note series – which routinely provide quick reviews of surveys and studies.  In addition, the weekly roundups – Unscripted Marketing – often includes (but not exclusively) summaries of relevant reports.

Here are the cliff notes to four recent content marketing studies.

1) Content Requirements at Every Stage of the Sale

Content Requirements at Every Stage of the SaleThe survey of more than 6,000 respondents involved in B2B purchasing decisions found the following factors have the most influence on buyer’s willingness to engage:

  • 26% understands my company’s business model
  • 25% is a subject matter expert or thought leader
  • 25% provides valuable consultation, education or tools
  • 25% know my company’s products or service

The mid-journey also remains a neglected area of focus in content marketing, but the study underscores its importance.  The report says there are between 3.1 and 4.6 additional groups that influence the B2B purchasing process including IT, HR and finance.

IT by far (56%) has the most influence on B2B tech buying decisions according to respondents.

What sort of sales content helps close deals?

Buyers say product information like feature and functions, demos and best practices have the most value.   These outranked social proof signals such as case studies, peer testimonials and expert opinions.

This should not be a surprise because market research indicates “buyers might be anywhere from two-thirds to 90% of the way through their journey before they reach out to the vendor.”

The buyer at this stage in the deal wants the facts – not a bullet point about invented benefits marketing made up or customer testimonials – they’ve already seen that or wouldn’t be there.

Once a deal has been inked, how do you strengthen the customer relationship?  The majority, 56% said, build trust.  It’s a reminder that content marketing doesn’t end after a sale closes.

Additional reading: 

Don’t miss these useful posts:
11 Simple Ways for PR to Score Content Marketing Points
Content Marketing: Don’t Make Home Improvements to Rental Property
The Advantages of Working with a Boutique PR Firm in B2B

2) Goals and Barriers in B2B Content Marketing

Goals, Barriers and Effectiveness of B2B Content MarketingMost B2B marketing organizations (66%) believe their content marketing is successful – and it’s trending up according to the 2016 State of Content Marketing report by Ascend2.  The study also found an overwhelming majority (89%) believe the effectiveness of content marketing is improving.

“One reason for the uptick in B2B content marketing is a growing consensus among marketers that the discipline can be used to drive business results,” said eMarketer in an analysis of the study (link below).

According to the study, top goals are:

  • 58% said increase lead generation
  • 55% said improve customer engagement
  • 46% said increase brand awareness

If marketing thinks content marketing is going to drive lead generation, then I hope it has already nailed the awareness and engagement.  This is because awareness, engagement and trust are stages of a sales cycle that precede the transformation into leads.

The data suggests some organizations may have overlooked this consideration given the “lack of an effective strategy” was the top barrier to effective content marketing.  To that end, the study also found the top barriers include:

  • 48% said lack of an effective strategy
  • 48% lack of content creation resources
  • 47% budget constraints

Outsourcing content marketing (72%) is a key way for B2B to overcome the top barriers – especially with the lack of resources, knowledge, or the budget to staff content marketing role with top tier talent.

Additional reading:

3) B2B Needs to Re-think Thought Leadership

Goals, Barriers and Effectiveness of B2B Content Marketing

Most consumers (96%) “like to encounter thoughts and ideas that go beyond current thinking.” That’s a solid working definite of the term “thought leadership” but it seems many organizations are regurgitating existing thinking and attempting to pass it off as thought leading.

That’s my take after perusing the study “Thought Leadership Disrupted” by The Economist Group and communications consultancy Hill & Knowlton (summary; key findings; perspectives).  The study, which surveyed 1,644 executives around the world, makes a compelling assertion that brands are not “truly focused on the audience” but are rather focused on more content for content’s sake.

The summary notes rather profoundly, “the very idea of what it means to be a thought leader – once limited to an elite group of businesses that truly developed proprietary knowledge – has broadened and become devalued, and is increasingly is seen as becoming an overused and self-serving tactic, one that is contributing to the noise rather than cutting through it with original insights and innovative distribution.”

Some of the key statistics that stood out for me:

  • 33% of executives consume thought leadership daily;
  • 56% think content has become more intrusive intrusiveness;
  • 3 in 5 executives sometimes feel overwhelmed by the volume of content;
  • 75% of executives have become more selective about the content they’ll consume;
  • ~25% of though leadership earns engagement;
  • 80% plan to increase the amount they produce in the coming 12 months.

What the findings didn’t resolve is whether or not marketers are able to kick the addiction to clicks and shares and focus instead on meeting the needs of more selective senior audiences.

Disclosure:  It’s been a while, but H&K is a former employer.

Additional reading:

4) What Success in Content Marketing Looks Like

What Success in Content Marketing Looks Like

There are four key elements in effective content marketing:  1) commitment 2) consistent 3) documented strategy and 4) devotion of time and resources to produce quality content.

That’s a one-sentence summary of the 45-page 2017 Benchmarks, Budgets, and Trends—North America by the Content Marketing Institute and Marketing Trends.  Among the top performers – those finding success with content marketing:

  • 91% say the organization is committed to content marketing
  • 85% deliver content marketing consistently
  • 39% of the total marketing budget is allocated to content marketing

Additional reading:

* * *

The trends are fairly clear according to these studies – and the findings have been generally consistent over time. Those brands looking for a cheap shortcut in content marketing will continue to be disappointed. The brands that build the team, the partners, the systems and processes will find success in this approach in the trust economy.

Other related studies covered you might enjoy include:

Photo credit:  Flickr, Bullion Vault, Shiny gold bar reflecting coins (CC BY-ND 2.0)

You may also like
3 interesting things CMOs revealed about marketing talent in this survey
Only 5% of B2B buyers are in market today; but where did that statistic come from?
3 marketing motions successful B2B software companies do differently than peers
Early stage B2B tech startups don’t invest enough in marketing [peer-reviewed study]

2 Responses

  1. Pingback : Marketing Day: Pinterest Explore tab, Google fights fake news & Twitter's new anti-harassment tools

  2. Very impressive! Well researched with lots of valuable insights making for a high quality content marketing piece in itself. I’d like to add three of my own points:

    Conversations – you mentioned four key elements in effective content marketing. I would add one more: an engagement plan. High quality content in today’s Social age relies on conversations around that same content to motivate sharing. 

    Context — this was touched on a bit, although I would like to heard more about a content marketing strategy needs different types of content for different audiences at different stages of the buyer journey (or whatever conversion goals are in place). 

    Advocacy – I would add that brands need to empower their employees to share the content and offer their own personal take in the comment thread. (Brands or their partner agencies can provide suggestions for what types of comments to post.) 

    Great job, Frank!

Read previous post:
How to Get the B2B Marketing Persona Right
How to Get the B2B Marketing Persona Right [UML]

The term “buyer persona” has reached peak interest in the last five years, according to Google Trends.  If B2B marketing...