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Content Marketing and the Buyer’s Journey Make Your Content Work for a Living Gilbane Conference November 2012

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Page 1: Gilbanebuyjourn11272012fin

Content Marketing and the Buyer’s Journey

Make Your Content Work for a Living

Gilbane ConferenceNovember 2012

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The Buyer’s Dilemma• Too much content, not enough relevant content• Stakeholders in buying process increased from 4 to 6 or

more in past 3 years• Buying cycle increased from 4.5 to 5.4 months in past 3

years– 60.8% said internal buying process complexity hampered efforts– 55.6 % blamed poor marketing and sales efforts by vendors

IDC 2012 Buyer Experience Study

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The Marketer’s Dilemma• 86% of buyers say relevant content drove buying decisions • 51% of marketers plan to increase content marketing spend• Only 41% of marketers believe their content is effective• Vendors lose 40% of potential sales because of mismatched

contentMarketingProfs/Junta42; IDG Connect

Content marketing strategies are producing too much content that is not relevant to buyers, reducing vendors chance of making shortlist by 1/3.

IDG Connect’s IT Buyer Survey

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What is Relevant Content?

• Right content, right person, right time– Role specific– Anticipates and answers buyer’s questions– Engaging, compelling, and concise– Objective and actionable– Available when, where, how the buyer wants it

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What is the Buyer’s Journey?

• Conceptual framework that describes the cognitive processes that a buyer goes through in making a buying decision.

• Strategy for sales and marketing to engage with customers, both digitally and live, by exchanging valuable information.

The Buyer’s Journey is a strategy for ensuring relevant content

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Buyer’s Journey Tenets

• The buying process starts before contact with a vendor• Buyers move through a unique cognitive process with

multiple states/stages• Multiple decision makers are involved and have their

own agendas• Content needs are different for each stage, role, and

situation

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Seek solutions

Justify solution

Make buying decision

Discovery Research Decision

Latent needDiscovery of need

Vet possible solutions

StakeholdersCEOCMOCFOCIOCSO

Buyer’s Journey: Linear View

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Seek solutions

Justify solution

Make buying decision

Discovery Research Decision

Latent needDiscovery of need

Vet possible solutions

Buyer 1

Buyer 2

Buyer 3

Buyer’s Journey in Reality

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Personas

• Profile of example buyers• More than just a role description• Goals, concerns, preferences, and decision-

making processes• Map to content, format, and stages

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A Simple Sample FrameworkPersonas/Roles

Stages Goals Topic Format

• CEO• CIO/CTO• CFO• Sales

Executive• Marketing

Executive• User• Staff• Other

• Latent Need

• Discovery of Need

• Seek solutions

• Vet solutions

• Justify solution

• Make buying decision

• Discovery of problem

• Discovery of solutions

• Ability to justify purchase

• Ability to persuade other decision-makers

• Confidence to make a decision

• Market validation• Problems and

symptoms• Competitive

landscape• Case studies• Product applications• Product

features/functions• Creating a business

case• ROI calculation

• White papers

• Webinars• Analyst

reports• Customer

reviews• Data

sheets• Software

tools• Conference

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Getting Started• Study and understand your buyers’ journeys• Conduct a content audit– Start with what you have, use “OPC”

• Develop personas, map questions and content• Let the buyers do the leg work– Organize and label content, don’t forget search

• Don’t strive for perfection! Take your best shot, learn, and refine

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Agile Business Logic

Marc Strohlein, Principal, Agile Business Logic and Author of The Energized Enterprise– [email protected]– Twitter: mstrohlein