The growing investments in content marketing should be carefully scrutinized within a framework that optimizes the ROI of the content spend.
It's a given in today's marketing environment that organizations will have ongoing digital content requirements - lots of them. The constant need for content can challenge your resources and stress your budget. As your content needs and budget continue to grow, you need to make sure that those investments are rational, prioritized, and aligned with your business goals in order to maintain a return on that time, talent, and dollar investment. But how do you determine whether a smaller or largish investment makes sense?
Below is a checklist of questions that may help to clarify and prioritize your content expenditures. Ask yourself these questions before you approve that project.
If answering these questions still leaves you waffling on level of appropriate investment, try this simplified diagram to help you project an appropriate level of investment given your particular circumstance.
$ = any investment is a big investment. It requires thought and effort and because budgets are never unlimited, it takes the place of something else that could use your dollars.
$$ = bigger investment. These might be bigger dollar commitments or they might be investments across a significant period of time involving lots of resources.
$$$ = biggest investment. These could include an enterprise initiative or complex or costly content builds like video or interactive games.
Every organization will have their own unique measure of what each dollar sign translates to for them. It may be helpful to think of each category as a range. Larger marketing budgets reaching larger audiences will logically require more content fuel, but some brand relationships, industries, and verticals have evolved to be more high touch or have set the bar high for frequent, quality content contributions in specific channels. For these marketers, content may take a larger slice of their overall budget.
These and other factors should be considered in a regular review or as part of the annual planning process to make sure that the content approach is tied directly to strategic goals. The budget should be funded with some flex to respond to competitive, environmental, or industry changes that are sure to crop up. We may not know precisely what content we will be sharing but we do know for sure it will be a priority and that those growing investments in content should be carefully scrutinized within a framework that optimizes the return on investment (ROI) of the content spend.
Are your content expenditures thoughtful and rational spends?
On the heels of a fantastic event in New York City, ClickZ Live is taking the fun and learning to Toronto, June 23-25. With over 15 years' experience delivering industry-leading events, ClickZ Live offers an action-packed, educationally-focused agenda covering all aspects of digital marketing. Register today!
Want to learn more? Join us at ClickZ Live San Francisco, Aug 10-12!
Educating marketers for over 15 years, ClickZ Live brings together industry thought leaders from the largest brands and agencies to deliver the most advanced, educational digital marketing agenda. Register today and save $500!
Robin is the CEO and cofounder of NetPlus Marketing Inc., a top 50 interactive agency established in 1996 to focus exclusively on online marketing and advertising best practices. Robin brings innovative strategy and a depth and breadth of marketing experience to the agency's practice and management. As one of the industry's pioneers, she is a driving force behind NetPlus Marketing's ongoing success with a diverse and discerning client base that considers online results critical to their business success.
Robin is a frequent speaker at national industry events, including ClickZ, internet.com, OMMA, Ad:Tech, SES, Online Marketing Summit, and Thunder Lizard conferences and is a sought-after resource for industry and business publications for her insight and advice on such topics as digital strategy, social media marketing, and behavioral targeting.
Hong Kong, May 5-6, 2015
Gartner Magic Quadrant for Digital Commerce
This Magic Quadrant examines leading digital commerce platforms that enable organizations to build digital commerce sites. These commerce platforms facilitate purchasing transactions over the Web, and support the creation and continuing development of an online relationship with a consumer.
Paid Search in the Mobile Era
Google reports that paid search ads are currently driving 40+ million calls per month. Cost per click is increasing, paid search budgets are growing, and mobile continues to dominate. It's time to revamp old search strategies, reimagine stale best practices, and add new layers data to your analytics.
May 6, 2015
12:00pm ET/9:00am PT