Vanity metrics in content marketing
Like social media, there are many different vanity metrics that are overemphasized in content marketing. Yet, in isolation, these metrics are not very useful at all.
Likes, followers, comments, retweets, fans, sparkles, warcraft gold, friendship points, hamburgers—whatever platform you’re on, there are a ton of vanity metrics around it.
If they don’t tie back directly to your business, they are downright not useful.
I can’t tell you the number of people I meet that talk about their Instagram followers, but then don’t talk about the follow-up to their business. Just because your stuff gets retweeted a lot, it doesn’t necessarily mean it’s good.
The effectiveness of content marketing should be measured using metrics that tie to the success of the business: conversion rates, lifetime value, revenue generated, are just a few examples.
Examples of content marketing
Content marketing is a modern concept and it’s about the merging of content and advertising.
Let’s looks at some examples.
In the past, it was normal to watch an old-school band on a show (let’s say it was The Beatles on The Johnny Carson Show), and then see an advertising in-between. The Beatles were the content, and then there was advertising for a product (like Kool-Aid) in the 30-second spots.
Let’s take an old-school Vogue magazine as an example as well. There was content for the users who bought the subscription (articles, fashion editorials, and so on), and in between the pages with content, there were old-school advertisements (for Camel cigarettes, for example).
In a soccer game, the game itself is the content, while the jerseys the players wear are all about advertising.
Let’s say you have an article on cnbc.com that gives the users a bunch of content, and then there’s advertising plastered on the site. This is a very modern-day example, but it still kind of pertains to the old-school ways.
Moving to an even more modern example, below you will see that sumo.com has a great post on how to boost your email opt-in rate by 664% in 24 hours.
Then, they show a form at the top of the page, where you can enter your URL to test their tool. This content (the article) is owner by the advertiser (Sumo), who uses it as content marketing.
The content itself becomes advertising and the advertiser is the one who creates the actual content.
In the old-school version, the TV program was not hosted by the advertisers—they just purchased the time slot for their commercials. In digital marketing, the advertiser hosts and creates the content.
That is, fundamentally, what content marketing means.
If you’re looking into investing in content marketing it can be hard to know where to start: should you create a podcast? Start a blog? Create a video strategy?
We created a framework to help with that.
The Content Marketing Framework
Content marketing applies to every stage of the funnel.
Let’s say you know how users go from visiting your website to purchasing your product or service, you have your buyer persona, and you have each phase of your sales funnel clearly defined.
You can use content marketing to move users from one phase to the next.
At the top of the funnel is the Awareness phase, the middle of the funnel is the Consideration phase, and the bottom of the funnel is the Conversion phase. Once converted, users get into the Monetization, Retention, and Love phase.
Let’s take this one by one:
Top of the funnel
This includes the content used to acquire new visitors and segment them.
- Examples of content marketing here include blog posts, videos, podcasts, social media posts, etc. These are types of content meant to attract first-time visitors towards your business.
- The metrics you might use here might be traffic, size of remarketing audience, and maybe inbound links to specific content on the site.
Middle of the funnel
This includes the content you use to drive visitors back to your site and get them to come back two, three, four, or five times.
- Examples of content marketing here include lead magnets, free tools, downloads, webinar visits—anything you can use to get an email address from your users.
- The metrics used here might be things like email list growth, email campaign click-through-rate, tripwire conversion rate, and so on.
The bottom of the funnel
This includes the content that is meant to generate conversion to your core offer.
- Some content marketing examples here include free trials, low-dollar products, sales pages, testimonials, consultation calls, etc—this depends a lot on the type of business you run.
- The metrics to follow here are core offer conversions, email campaign click-through-rates, average order value, user lifetime value, and so on.
Monetization and Retention
This includes the things you do to get users to buy again and again, making sure they are happy advocates of your business.
- For example, content for retention can be a progress update, a campaign to get referrals, a leaderboard of your most active users, etc.
- The metrics to follow here are things like daily active users, lifetime value, or referrals.
That’s it! This is a brief overview of what content marketing is and how you can use it to meet your business goals.
Content marketing means being the advertiser of your business and creating the content at the same time. Done right, content marketing can help you generate massive growth for your business.