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Content Converts White Paper
Content Converts White Paper
Content Converts White Paper
Content That
that Converts
Converts
©SOMAmetrics 2021
Table of Contents
Executive Summary
First Thing First – What we Know about Buyers
Three Fundamental Buyer Types 7
Gain Maximization Vs Loss Prevention 10
Aspirational Identities 10
Adding Them all Up 12
In his 1996 essay titled “Content Is King”, Microsoft co-founder Bill Gates discussed
the potential for the internet to give rise to an unprecedented amount of interactive
content that would have a huge impact on how companies generate revenue.1 This essay
turned out to be prophetic—all marketers are well-aware that content continues to reign
supreme today.
To complicate matters, marketers have a new mandate from CEOs: Drive revenue
growth. Creating content for the sake of simply increasing clicks is not enough to deliver
on this new goal. To be successful, content creation must be motivated by the goal of
converting prospects to sales by creating Conversation Ready Leads (CRLs).
As the name suggests, CRLs are ready to reach out and start a conversation with sales.
Executive Summary
They have done their research, read your content, considered
their options, and have placed your company on the shortlist
of vendors they will contact. This is the key metric to track
as you build a marketing strategy that is focused on driving
revenue growth.
The metrics of the past—like Marketing Qualified Leads (MQLs), for example—
formulated marketing activities as a cost center rather than a revenue generator,
which is counterproductive to marketers’ new mandate of driving growth. Instead
of tracking the marketing activities that generate cost, marketers should focus on
metrics that prove their value to their company and build their strategies around
those metrics.
Next, we discuss why content converts to sales and how to design a content strategy
based on that information. We then provide you with an actionable marketing
strategy to increase your CRLs in the digital era. Then, we outline the process of
creating high-quality content that will convert readers to sales.
Executive Summary
Finally, we discuss the issue of cost. Creating high-quality content in-house is expensive
and requires a long-term commitment to hiring full-time employees, which is too much
for most marketing budgets.
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Read on to discover how reframing your approach to content creation can accelerate
your growth rate.
Executive Summary
Content That Converts
Three Fundamental
Buyer Types
The first thing to know about B2B buying habits is that they will inevitably be
influenced by the habits of the individuals making these purchasing decisions—and
not all buyers are the same. Depending on a variety of factors, like their background
and life experiences, different people have vastly different buying habits. Most people
fall into one of the three categories below. 2
1
Spendthrifts
This group of consumers doesn’t need a lot of convincing to make
a purchase. They are willing to make purchases without much
thought, compared to other buyers. They don’t feel the need to
save and often make purchases impulsively.
2
Average Spenders
This group is in the middle of the road. They think through their
buying decisions and purchase what seems appropriate. For
this reason, they need more convincing than spendthrifts to
make a purchase and can be influenced by facts and emotional
messaging.
Frugalists
Frugalists would rather save than spend. They avoid the pain
of spending their money by keeping it in a savings account
for as long as possible. This group is less likely to respond to
marketing messages, preferring to decide for themselves what
they think a product should be worth.
Gain Maximization Vs
Loss Prevention
To add another layer of complexity to our understanding of buyers,
we must make the distinction between buyers who prioritize
maximizing gains and buyers who prioritize minimizing loss.
These are two fundamentally different approaches to purchasing.
For B2B buyers who seek to maximize their gain, their greatest fear is missing out on
something that could have increased their company’s growth rate. They are quick
to adopt new products and technologies and are keen to stay at the forefront of
innovation in their respective fields. Think “Visionary Buyers”
B2B buyers who prioritize loss prevention, on the other hand, are more cautious
when it comes to purchasing new products. They fear wasting resources on anything
with an uncertain return on investment (ROI), which means they will take more
time to thoroughly research and vet a solution before deciding whether or not to
purchase. Think “Conservative Buyers”.
Aspirational Identities
The final thing to keep in mind is that buyers are people, too—they aspire to improve,
which we call their “aspirational identities”. With this in mind, it makes sense
that they will be more responsive to a product that can help them achieve their
aspirational identities.
In a B2B context, roles can give us some indication. For instance CEOs or those in
Head of Sales roles tend to be very achievement oriented, while those in HR tend to
be more nurturing, and those in Finance/Accounting tend to be more competency
and security minded.
Connect
John Doe
Job Role: CEO of a B2B Company
Specific identities include: achievement,
networking, and autonomy.
Whether it’s a pay raise, a promotion at work, or even just the confidence boost
of purchasing the best possible product for their company’s needs, buyers are
motivated on some level to seek opportunities for personal and professional
growth. These growth pathways will lead them to achieve the aspirational vision of
themselves they have in their minds.
On the other hand, buyers are also motivated to purchase the right product out of
fear of the consequences of choosing the wrong product. Making a bad purchase
decision can have negative consequences for them in the workplace, and will
negatively impact their progress toward achieving their aspirational identity.
For instance, in the tech world, startups should market more to visionaries, while
established first should go after the pragmatists since they have more data to
demonstrate efficacy of their products. Those that have been in business a long time
can also sell to conservatives, since this group has heard of their name by now and is
comfortable buying from them.
Across the board, most industries require marketing services—from the biggest
tech companies in the world to the locally-owned restaurants in your area, most
businesses rely on marketing in some way. But marketing is constantly evolving—in
today’s digital world, marketing strategies are expected to drive business growth,
which presents new challenges.
marketers who are used to measuring their performance with other metrics, such as
clicks or open rates.
analytics, SEO, media buying, sales support, and many more—all falling under the
umbrella of “marketing strategies.” With so many competing priorities, marketers
must decide which activities will most effectively serve their goals and continuously
develop their expertise in those areas, either by learning or hiring to fill knowledge
gaps. 5
Some challenges facing marketers were accelerated by the effects of the COVID-19
pandemic, such as stay-at-home mandates. With more people working from home,
marketers had to speed up the digital transformation that has been underway for
years. They increased their use of new marketing technologies to accomplish this,
6
but these technologies come with their own challenges, as we will discuss in-depth
in the next section.
With all of that said, not all marketers have the same
experiences—different roles come with different expectations.
Heads of Marketing
To successfully lead a department and inform its
strategy, marketing department heads must develop
specialized knowledge in a variety of areas. While
5
To complicate this issue, during the COVID-19 pandemic, many companies have
cut their marketing budgets to help keep their businesses afloat during these
challenging times. According to Gartner, nearly 60% of marketing technology leaders
expected moderate to severe cuts to their marketing technology (Martech) budgets
in 2020. 10
With artificial intelligence tools and the automation of certain marketing activities
increasing in popularity, marketers employ these technologies to ensure that their
companies stay competitive. However, marketers only use 58% of the full breadth of
their Martech stack’s capabilities. So, even as demands for technological innovation
10
It’s no longer enough to simply generate leads or track metrics that aren’t necessarily
correlated with business growth—today’s marketers have to focus on growth-related
metrics and outcomes.
Why Content
Coverts
18
Content that Converts
What We Mean by
“Conversion”
A “conversion” occurs when a visitor to your company’s website completes an action.
Depending on their company’s goals, marketers might define this differently—some
marketers consider a conversion to have occurred when a prospect fills out a contact
information form or signs up for a service.12
Plus, 77% of buyers reported spending more time researching purchases in 2020. 14
This means that informative and high-quality content is the key to increasing
conversion rates. Buyers want to see B2B vendors demonstrate their understanding
of their industry through their content.
Beyond industry needs, buyers also want to see that vendors can address their
specific needs before they contact sales. For this reason, 76% of buyers expect more
personalized attention from providers based on their specific needs. In terms of
14
content creation, this means that marketers must deepen their understanding of
their customers’ needs and build their content strategy around that understanding.
Marketing Strategy
in the Digital Era
21
Content that Converts
At this point, we’ve established that marketers must deliver growth in the digital
era and that they can accomplish this through high-quality content. Now it’s time
to architect a strategy to put this knowledge in motion. Below, we provide three
actionable steps toward building a marketing strategy that delivers revenue growth.
However, both types of ads have their strengths and weaknesses. Traditional ads
as in LinkedIn ads have more options to target the audience more precisely—both
demographic and professional data. Google Ads dont provide much in the way
of targeting the audience, at least not to the same extent. However, as we have
indicated above, Google Ads enable you to “catch the prospect in the moment”.
The ideal ad strategy is to combine both and use them where their strengths are: use
traditional ads for long term brand building, and Google Ads/YouTube ads for current
quarter CRL conversions.
Marketing Strategy 22
Content that Converts
Step 2: Acquire
The goal of your advertising messages is to drive potential customers to landing
pages, where they can enter their contact information to receive content, thereby
giving you the opportunity to continue to market to them and someday, convert
them into a CRL.
However, just because they click on your ads doesn’t mean they will fill out a form,
much less become a CRL. There is lots to do still.
If the message on the landing page turns out to be different from what they
expected, visitors will leave without filling out the form to download the content—
which ends up lowering your conversion rate while increasing your costs. It is critical
to make sure your landing pages are consistent with your ads, and that your mobile
landing pages are highly optimized for mobile conversion. Remember, many of your
prospects search on their mobile devices—if they click, go to your landing pages, and
find it too confusing or too much, they will abandon and you will pay for the click
without getting any benefit.
This is something B2C marketers understand completely, while many B2B marketers
are still catching up. With fewer clicks that lead to more conversions, your cost per
conversion lowers—which is a good thing.
Step 3: Convert
Once your prospects have made it to your landing page and shared their email
addresses with you, your job is far from over. To get the most out of your leads, you
have to separate the promising leads from the rest and nurture them effectively. This
will encourage them to start a conversation with sales.
But your leads will not always be upfront about their personal information, preferring
to protect their true identities out of fear of a barrage of irrelevant emails flooding
their inboxes. With this in mind, there are three potential “buckets” for your leads to
go into:
23
Content that Converts
These are exactly the right leads we want. Send them the
next nurture email so they are on the content experience
Bucket 1 path we designed for them.
These are not the right leads—we know that. Let them
download their white paper and…the workflow stops
Bucket 2 there.
Bucket 3 includes those who provided vague information about their role, such
as simply “VP” or “Manager”, leaving us wondering which department they serve.
Marketers should use automated strategies to address this issue and let the
prospects further self-identify.
The goal of this strategy is for marketers to take full accountability for delivering
prospects who are ready to start a conversation with sales—also known as
Conversation Ready Leads (CRLs). By taking on the full responsibility for this phase of
the process, marketers forecast their contribution to revenue growth, and deliver on
this commitment.
Marketing Strategy 24
Content That Converts
Creating Compelling
Content That
Converts
25
Content that Converts
The Anatomy of
Compelling Content
With so much content out there, how do you ensure that yours stands out and
successfully converts readers into customers? Creating content that converts is
all about understanding your audience and their needs, and incorporating that
knowledge at every step of the way. To make it easy for you, we will go through each
stage of the process of creating compelling content below.
The buyer persona is an important tool to help companies focus on their target
customers and understand them better. The best way to develop your buyer
15
Using that data, you can start to identify things that your customers and prospects
have in common, and build personas based on those commonalities.
Researching the
Audience’s Environment
Now that you have a solid understanding of your personas as individuals, it’s time to
turn to the business side of things. To successfully create a buyer persona, you should
research the pain points of your target market’s industry. Even if these challenges
don’t directly align with your company’s offerings, they’re still an important aspect of
your buyer persona—this information can inform how you approach your marketing
campaigns. 16
In a B2B context, to create a truly useful buyer persona, you have to understand
both their individual aspirational identities, and their role identities—and create
one integrated and complete persona profile. It must describe the person and the
challenges he/she faces in a professional capacity and what solving that challenge
means for that persona—again both personally and professionally.
The whole point of your marketing efforts is to reach customers and convince them
to buy your product. To do this, you must explain the big idea of your product in a
way that is both informative and engaging to readers.
Design as Visual
Storytelling
Let’s talk about the visual impact of
your content. Design is not just about
making
content look nice (even though that’s a
plus!)—it can also be a useful storytelling
tool. Visual storytelling is an established
marketing strategy that can involve
charts, graphics, photos, and videos to
convey a story to an audience. 17
In conjunction with the story you’re telling through the copy of your content, visual
elements can serve to further illustrate or emphasize a point. Take infographics, for
example. As the fourth most popular form of content marketing, B2B marketers’ use
of infographics has been on the rise in recent years. This is most likely because of
18
But creating well-designed content is more than adding individual visual elements
to act as decoration—it’s about the impact of the content altogether. Marketers
should be aware of how all of the visual elements come together to help tell the
story.
However, getting your audience to convert from passive readers into active
prospects is a process that requires subtlety. Buyers don’t like feeling like they’re
being sold a product as they consume content, with 43% of respondents to a recent
content preferences survey advising vendors to curb their sales messages. 13
Instead, to drive growth, vendors should focus on creating trust—in your competency
and integrity. First be of service and value, then ask for the meeting. That is how
sellers stand out from the pack in digitally crowded market space.
So how do marketers keep up with their content needs without spending through
all their budget on just content creation? More importantly, how can they show
results quickly so they can show they are a revenue generator, and not a cost-center?
The Creative
Content River
At this point, we’ve established the central
conflict of this paper: Marketers need high-
quality content to convert prospects to sales
in the digital era, but creating that content is
both expensive and time-consuming. Most
marketing budgets aren’t adequate enough
to hire the full-time employees necessary to
create all the content needed.
The reality is that marketers don’t have to generate content in-house. All of the
elements of content creation—including researching, writing, designing, and
proofreading—can be fulfilled by a trusted partner company. Simply subscribe to
the level of content creation you need and manage deliverables using Service Level
Agreements (SLAs).
You might already subscribe to a variety of services, like a music streaming platform,
for example. Subscriptions are valuable in part because they are flexible—if you don’t
need them anymore, you can cancel at any time. But subscription-based content
creation takes it a step further in terms of customizability. Companies can subscribe
to receive the amount of content they need, and nothing more.
A subscription model for content creation enables you to spend more time on your
company’s core strategic functions. The ROI is clear—a subscription will save you
55% to 58% of the cost of a team of full-time employees, as well as 6 to 12 hours each
week you would have spent managing and motivating the team. With the time and
money you save using a subscription service, you can devote more resources to the
competitive differentiators that will drive your company’s growth.
With all the extra time and resources you’ve freed up, you can focus on building a
strong core team of marketers that know how to grow demand. Your core team can
then use subscription-based content to feed their marketing campaigns.
To put this game-changing strategy into action, the Creative Content River™ is the
ideal solution for any company seeking to maximize growth through its marketing
strategies. SOMAmetrics has assembled a strong team of researchers, writers,
editors, designers, project managers, email and social media marketers, and SEO/
web specialists who are prepared to dive into your industry and create high-quality
content on a schedule that works for you.
The Creative Content River™ is ideal for any company looking to transform their
marketing department into a revenue generator. With access to a wealth of
compelling content that converts, you can accelerate your marketing cadence and
reach more customers than ever before at the lowest marketing spend.
Next, we will provide you with three easy steps to get started with
the Creative Content River.™
Next Steps
Here are three easy steps you can take to try out the Creative
Content River™.
1 2 3
Look for a project you Let’s outline a two-month as Take our 20% Welcome
haven’t started yet— that a trial project, with a set of Aboard discount to
you have been meaning deliverables that will get you lower your risk. That’s a
to get to, but never found going on this project. When 20% discount for each of
time or resources to get you are ready, please click those two trial months.
going. Or, a project where here to schedule a time for
you feel you are falling us to discuss.
behind and could use
some help getting back on
track.
Eskinder Assefa
CEO | SOMAmetrics
Next Steps 34
Additional Resources
Additional Resources
35
Content that Converts
About SOMAmetrics
SOMAmetrics designs and executes its proven 7-step high quality lead generation
programs to deliver more leads that close faster and at higher rates.
We have worked with nearly a hundred companies, from startups to Fortune 500
companies, spanning a number of industries including Healthcare, Financial Services,
Education, Local and State Government, Data Center Services, Manufacturing, SaaS, and
more.
The key to optimizing Sales is to make Marketing accountable for consistently delivering
high quality leads that close faster and at higher rates so that Sales can consistently hit
revenue targets.
Our Creative Content River™ and Digital Marketing Services enable our clients to focus
on developing effective strategies, while leaving the execution to us—a partnership that
improves performance while reducing costs for our clients.