Content is crucial—you have known and have proven that for some time now. That’s why you make sure to make the necessary investments that allow you to implement an effective content marketing strategy for your brand. That’s why companies today are prepared to spend more for content. For 2016, small businesses are expected to shell out around $2.2 million for their content strategy, while midsize enterprises will allocate around $43.6 million (Source: Content Marketing Institute).
As with any marketing endeavor, of course, it’s important to make sure your expenditures lead to measurable ROI. It pays to make sure that your marketing budget is allocated only for the most effective campaigns. Moreover, it would be most ideal if you could reduce your costs without sacrificing your performance and results.
How do you ensure wise spending for content marketing? These action steps can help.
Your first investment should be toward planning. Content marketing should be flexible to suit the changing needs and demands of the market. But it doesn’t mean that you’ll just be shooting from the hip. The most successful, and cost-effective, campaigns are guided by an overarching strategy. Avoid waste of money due to mistakes and guesswork. Develop your content marketing map first, so it can serve as a guide to your next decisions.
Document your standards and processes. Build SOPs for every task you routinely do to create, publish, distribute and promote content. This way, training your team becomes easier, and you get time and money savings by making cross-checking easier and eliminating repetitive efforts to communicate and deliver information.
Repurpose. Get more marketing value out of every piece of content by looking for other ways to use it and have it published across different channels. This technique not only allows you to increase content production at half the cost and workload. It also helps you reach out to more target audiences. For instance, a potential customer who may not be keen on reading your white paper will appreciate and be moved by an infographic derived from it. A podcast episode can be transcribed and offered to your audiences in PDF form.
Do it right. Don’t just do it—you’ve got to do it right. When creating content, make sure it’s top-notch quality and optimized to get results. When promoting over social media, focus your energy and budget on the channels where content will be most noticed and appreciated by your customers. Not sure if you’re doing it correctly? Then invest in the services of experts. At this high-stake marketplace, costly mistakes will not only waste your time and money, but may also ruin your reputation. So make sure to place your bets on avenues that lead to proven and measurable results.