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20/Feb/2020
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Enterprise marketers need to use content during every phase in which a customer interacts with their company as it is essential for delivering ‘great’ experiences, a new study by Content Marketing Institute (CMI) has found.

Enterprise marketing is naturally grander in scale and scope than traditional marketing as it combines different departments and activities across an organisation to drive sales and attract and retain large audiences.

The latest report by CMI, titled ‘Enterprise Content Marketing 2020: Benchmarks, Budgets, and Trends – North America’ has uncovered a direct link between the deployment of content during each stage of the cycle, which generally starts with ‘awareness’ and concludes with ‘action’, and the quality of experiences.

More than half of enterprise marketers working for a brand delivering ‘optimal’ customer experiences say that their content marketing strategies and campaigns are either ‘extremely’ or ‘very’ successful.

Those using content every time a customer interacts with their company are enjoying greater success.

Just 29% of all respondents are managing high-quality content marketing activities and those who do not are struggling to deliver the experiences that their customers demand.

CMI general manager Stephanie Stahl said that the report shows that brands deploying content regularly are not only providing great experiences but are also truly focused on the needs of their audience.

This can pay off in a number of ways at the point of sale and further down the line as brand retention and loyalty comes into play.

Speaking about successful enterprise marketers, she added: “They give their audience what they want and need, when and where they need it.

“They create content based on specific points/stages of the buyer journey.

“Their content creates credibility and trust. On top of that, they view their role as directly connected to sales.”

Stahl also believes that content ties everything together and is able to unite disparate moving parts to ensure that customer experiences are seamless from the first interaction to the last.

In large-scale enterprise marketing, this is very important.

Enterprise marketers are also becoming more strategic as 46% now have some sort of documented strategy for content marketing in place.

There have been notable strides in this area as only 36% said the same 12 months ago.

While content is a unifying influence, the actual act of coordinating content creation and distribution is still proving to be a challenge as 62% say that this is their top issue for the year ahead.

Back in 2019, the same challenge came out on top.

There is also room for improvement in terms of deploying content after every touch point as just 44% said that they agree that their organisation can deliver seamless, optimal experiences during the entire sales and engagement cycle.

The 10th annual study shows that for brands naturally eager for customers to return and buy products and services a number of times, content can play a major role in strengthening ties, trust and loyalty.

Nine in 10 providing optimal experiences value the creativity and craft that’s central to content creation and a similar number strongly believe that relevant content needs to be distributed at points when individual customers can see it most.


14/Oct/2019
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Small enterprises can go toe-to-toe with the largest corporations by publishing content and managing excellent marketing campaigns, but many still fail to invest enough money into the practice to reap the benefits, according to a new study by software company Intuit.

Digital marketing is proving to be a double-edged sword for SMEs as they can transform their business and drive greater sales by implementing it effectively, but they can also be weighed down by the time and resources needed to follow documented plans and align it with broader business objectives.

The latest study by Intuit analysed smaller businesses in Australia and found that just 34% are putting aside funds as a priority for content and other marketing endeavours, which means that two-thirds are missing out on a myriad of benefits and potentially falling behind more accomplished peers.

A sizeable 46% of respondents said that they constantly face constraints on their budgets, which forces them to focus on other areas of business – though ironically, these processes could also get a boost from marketing, SEO and advertising.

Intuit says that many enterprises fall into the “trap” of prioritising spend for other business activities as marketing can often help immediately by buffering cash reserves during the formative years of trading.

“It’s concerning that so many small business owners in Australia are sacrificing opportunities to grow their business profile as a consequence of having to spend on other priorities,” Intuit’s Australia Country Manager Natira Drayton said in a statement.

She added: “This is a classic trap for small businesses.”

Day-to-day operational demands can make finding the money and time to invest in marketing hard, and it is difficult to keep cash flow healthy and achieve potential without it, according to Drayton.

While marketing is being pushed to the sidelines by businesses eager to double down on what they perceive to be more important processes, 80% of the 500 owners of small businesses surveyed said that they believe that marketing offers great value and is a useful tool.

In terms of marketing channels, 47% say that websites are the most valuable overall as these hubs enable them to publish content and bring consumers in to view their products and services with the aim of completing sales digitally.

The next popular channel is social media, with 42% eager to leverage Instagram, Facebook, Twitter, LinkedIn and similar platforms to reach and engage with potentially millions of users around the world.

Email marketing and digital marketing are also viewed as essential channels, but again, a lack of funds and desire to optimise budgets are preventing many from pursuing these options at times when they could transform the success of a business.

Perhaps the reason why marketing is not viewed as critical is that SMEs are not aligning it with other areas of the business and are instead content with using it as a tool for reaching more customers.

Intuit found that 39% believe that the value of marketing is tied to its ability to grow a customer base, while 42% say that it mostly brings in new business leads – a similar number also claim that it helps them achieve direct sales.