This post was co-written by Curataâ€™s CMO, Michael Gerard.
Although marketers have been practicing content marketing for decades, digital marketing coupled with a new, buyer 2.0 environment has created a whole new set of opportunities and challenges in the content marketing realm. This next generation of content marketing is producing significant dividends for marketers as they continue to invest in this effort to further drive leads and revenue: [source]
- 76% of marketers areÂ increasing investment in content marketing
- 49% of companies have an executive responsible for content marketing, reaching 60% in 2016
- Key process areas are being established (e.g., content strategy, production (with an editorial calendar and workflow management), distribution and analytics)
- 68% of content marketing leaders are increasing investment in technology
There has been a mind-numbing proliferation of technology vendors and solutions to address the needs of content and digital marketers. Curataâ€™s content marketing tools map has increased from 40 vendors to over 130 vendors in its most recent version.
A new movement is now in place to build a more cohesive and useable software platform that will build upon marketing automation and sales automation platforms to enable content marketers to drive more impact across their organizations: Â The Content Marketing Platform.
What is a Content Marketing Platform?
Regardless of which market studies you look at, content marketers have the following evergreen challenges:
- Limited budget (staff and program spend)
- Creating enough quality content on a regular basis (in-house or externally sourced)
- Distributing content across multiple channels, including publication and promotion
- Measuring the impact of content. (i.e., what works and what doesnâ€™t work to drive awareness, leads and sales enablement)
Content Marketing Platforms (CMPs) strive to help marketers solve these challenges. Â A definition of a Content Marketing Platform is as follows:
A Content Marketing Platform is a software solution that helps marketers be more successful in driving awareness, leads and revenue from their content. This platform enables a data-driven, scalable and multi-channel approach across four process areas: strategy, production, distribution(publication and promotion) and analytics.Â
A Vision for theÂ Content Marketing Platform
The belowÂ framework provides additional details about the four key process areas addressed by a CMP. Â Ultimately, the CMP will help content marketers develop and execute an effective and efficient content marketing strategy.
The following frameworks offerÂ additional perspectives as to what processes and related tactics could be addressed byÂ a Content Marketing Platform.
- CMIâ€™s Content Marketing Framework:Â Joe Pulizzi and Robert Rose assembled the framework based upon their own success at Content Marketing Institute. Â These areas represent common elements of a high impact content marketing practice.
- Content Marketing Framework for Startups:Â Lee Odden, a thought leader in the content marketing space and CEO of TopRank Online Marketing, put together this simple to follow, yet powerful, framework for successful content marketing.
- Content Marketing Use Cases & Subcategories:Â Rebecca Lieb of Altimeter did a very thorough job identifying the more tactical areas that are required to fulfill 3 key use cases for content marketing: Â Feed the Beast, Refine (including content analytics, segmentation, and promotion), and Govern. Â Â Â
- Content Marketing in 7 Steps:Â Jay Baer of Convince and Convert put this framework together using the knowledge he has gained from helping manyÂ big brands form their own content marketing strategy. This 7-step approach should help kickstart the process of formulatingÂ a content strategy (a process he says could take up to 60 days).
- 13 Step Content Marketing Plan:Â Â Heidi Cohen, President of Riverside Marketing Strategies and content marketing expert, provides these 13 steps to successfully establish a content marketing strategy.
- Determine the goals for your content marketing plan.
- Know your content marketing audience.
- Incorporate your brand into your content.
- Determine information your audience seeks.
- Tell your firmâ€™s “once upon a time”.
- Use different content formats.
- Build an editorial calendar.
- Make your content attractive to prospective readers.
- Make your content findable.
- Allocate sufficient resources.
- Distribute content.
- Promote content.
- Measure content marketing results.
What a Content Marketing Platform Is. . . and What it Isn’t
There are a countless number tools that help marketers work their way through each of the process areas and tactics described above; but only a small fraction of them have the mission of addressing most or all of these areas in one solution. To help marketers navigate the sea of vendors across the content marketing technology space, here are some clarifications of what a CMP solution is and isnâ€™t:
- A content management system (CMS) for the web is NOTÂ a Content Marketing Platform.
CMSs are designed to run web sites (e.g., corporate web sites, blogs, content repositories), and to avoid the need for manual coding. Their main function is to â€śstore and organize files, and provide version-controlled access to their data.â€ť [source] CMPs are intended to orchestrate the development, delivery and analysis of content to CMSs as well as many other types of digital media entities. Â A foundational element of a CMP is its ability to interact within an ecosystem of marketing teams, processes, and technologies without being the sole hub for content delivery. Examples of CMSs include WordPress, Drupal, Joomla!, Percussion and Uberflip.
- Value enabled by a CMP cannot be provided by aÂ marketing automation platform (MAP) such asÂ Marketo, Eloqua, Pardot, Act-On, etc.
MAPs are designed to plan, execute and measure demand generation campaigns and the interaction with leads by these campaigns. Â MAPs are lead-focused, and not content-focused. Â However, MAP data is a key component of the value provided by a CMP as detailed below.
- A CMP provides Interoperability with varying software systems that make up marketingâ€™s technology ecosystems, such as:
- Multiple CMSs
- Social channels or Social Media Management Systems
- Marketing Automation
- Sales Force Automation
- Content repositories: Â Ask anyone that has attempted to stop the use of SharePoint systems how likely it is that youâ€™ll get everyone to use only one content storage area. Â Therefore a CMP should â€” either today or as part of its roadmap â€” interoperate with different content repositories.
- Email: Â Email, as a method of collaboration amongst internal and external teams, will not be replaced anytime soon; and attempting to get all parties that are involved in content marketingÂ onto one system will only reduce potential for technology adoption. Â Therefore, a CMP should interoperate with email applications. (e.g., tracking the communication about specific content pieces as part of orchestrating the content production process)
- A CMP enables orchestration of the content production process in a minimally invasive manner.
- Team alignment: Â A high impact content marketing strategy requires alignment and interaction with many functions across marketing. For example, content marketers may have to interact with product marketing for content creation, social media for promotion or marketing operations for analytics. A CMP enables collaboration across these different teams, without requiring all of these teams to log into theÂ CMP solution; thereby increasing its adoption and impact.
- Content creation tool: Â Some CMP vendors require creation of content directly within their own platform, thereby necessitating all content creators to be trained on system usage and interact with it on a regular basis; while other CMP vendors simply track progress of content creation in a less process-invasive manner, enabling the continued use of industry standard creation tools. (e.g., Microsoft Word, Google Docs, Microsoft PowerPoint, Google Spreadsheets, Photoshop)
- CMPs are not limited to a specific content type or publishing environment, working with any:
- content format (e.g., video, text, image)
- content type (e.g., ebooks, white papers, infographics, blog posts)
- content source (e.g., created, curated, licensed, outsourced, crowdsourced)
- distribution channels (e.g., paid, earned, owned)
- content internal to or external to the CMP
- A CMP enables measurement of the impact of your content across awareness building (e.g., social channels, Google Analytics), demand generation (e.g., leads generated and influenced) and sales pipeline impact (e.g., sales opportunities generated and influenced). Â This is only possible if aÂ CMP is capable of aggregating data from many applications, both within and external to your company. Â Even better, is if aÂ CMP can measure pipeline impact of content that is published off-site on someone elseâ€™s blog or media property.
Where Should a Content Marketing Platform Sit in Your Marketing & Sales Technology Stack?
To understand how a CMP fits in your technology stack, we should begin with a basic question: Â What are the ultimate objectives of marketing and sales technology??? Â The bottom line, or should I say, the top line is REVENUE. Â Thatâ€™s where our story begins.
The Advent of Sales Force Automation
Right around the year 2000, at the turn of the millennium, there was a shift from the expensive, outbound sales model to inbound telephone and internet-enabled sales. Â This change was driven by the advent of the Internet, and the resulting online presentation tools such as WebEx which effectively enabled salespeople to perform demonstrations of software and presentations, and ultimately close deals, without ever meeting their customers in person.
But the growth of insides sales teams was chaotic. Â Unlike outside sales people who each carry their own physical rolodexes, inside sales teams would manage their leads in spreadsheets.
While this was a large advancement over the prior generation, it presented a host of new problems such as:
- How are leads and territories assigned across a sales team?
- How does a sales manager keep tabs on sales activities being performed by their teams?
- How does a sales account executive know what prior interactions a company has had with an account?
- How can sales management easily report and predict their pipeline revenue across large and sometimes geographically distributed sales teams?
The solution to the above challenges was Sales Force Automation (SFA) platforms (often misnomered as Customer Relationship Management (CRM) systems) such as Salesforce, Oracle, Siebel, and Microsoft Dynamics among others. Â These systems:
- Let sales managers hold their teams accountable in terms of their sales activities
- Offer transparency for reporting
- Provide a means to scale sales teams
Most importantly, they provide value for the everyday sales representative: convenience, efficiency and a single unified interface as a source of leads, activities, and deals.
The Rise of Marketing Automation Platforms
With the growth of inside sales teams, there was an increased demand for LEADS (particularly online-sourced leads) to feed these teams. Â Therefore, the pressure rapidly shifted to marketing teams to create more and more leads.
Demand generation teams stepped in to help address this challenge, employing a variety of techniques such as email, newsletters and events. Over the next few years, demand generation teams and related marketing disciplines faced a similar set of scaling challenges as the sales teams once had:
- How do demand generation teams effectively manage marketing generated leads?
- How can marketing operations have a single unified view of all marketing leads and associated marketing activities against those leads?
- How can marketing measure the effectiveness of their demand generation campaigns?
About seven years later, around 2007 or so, came another platform in the emerging stack — Marketing Automation Platforms (MAP) from vendors such as Eloqua, Marketo, Pardot, Act-On and to some extent, HubSpot, among many others.
With these platforms, the systems allowed marketers to:
- Keep a single unified repository of all leads.
- Track all digital marketing activities associated with those leads be it on a website, via email or through pay-per-click campaigns.
- Easily push qualified leads into Sales Force Automation systems.
Suddenly, marketers now had insight, visibility and self-accountability for their lead generation and nurturing campaigns.
The Emergence of the Content Marketing Platform
SFA fuels revenue by tracking and supplying sales opportunities and leads. Marketing Automation Platforms drive SFA by supplying marketing qualified leads. But what drives the marketing activities and leads of Marketing Automation Platforms? Â The answer is CONTENT!
Content is the fundamental currency for marketing automation. Â Like a car without any gas, marketing automation will not get very far without content.
Content is needed for everything from a website (which is tracked by marketing automation), to email campaigns, to even pay-per-click landing page offers.
If it were not for content, many of the key components of marketing automation would cease to function. Â With no content, drip campaigns would come to a halt — there would be no content to drip to leads. Â With no content, lead scoring would stop since there would be no content for a lead to browse on a site. With no content, many demand generation campaigns would come to a halt because there would be no enticing offers for many lead capture landing pages.
Given that content is crucial to the customer acquisition process, what tools and technologies can support this? There are a myriad of content marketing tools out there. But thereâ€™s still a need for a Content Marketing Platform (CMP) that sits on top of the Marketing Automation Platform and Sales Force Automation system. Â This CMP needs to supply content downstream to generate and nurture leads, that are then converted to opportunities and revenue by sales.
Similar to the pains that demand generation and sales teams have gone through in the past, todayâ€™s content marketers have little accountability and transparency in terms of how their content is performing. Â Their content and the associated metadata is warehoused and stored in multiple disparate systems and spreadsheets.
Much like its predecessors, a CMP enables content marketers to:
- Have a unified consolidated view of their entire content supply chain for ideation, to production to promotion.
- Have top-down visibility on how their content is impacting lead generation and marketing pipeline, and sales pipeline and revenue generation.
With a CMP, content marketing managers suddenly have a data-driven and scalable way of managing their content supply chain and understanding their contribution to business growth.
Where Does a Content Marketing Platform Sit in the Marketing Technology Ecosystem?
The following figure depicts the location of a CMP in the marketing technology ecosystem. Â There are certainly many other categories and vendors within this ecosystem; however, these are the more important integrations and/or handoffs that need to occur for effective implementation of content marketing.
Who Sells a Content Marketing Platform?
There are a lot ofÂ companies out there that may appear to have Content Marketing Platforms from a cursory view of their website; however, many of them offer point solutions and are more aptly described as content marketing â€śsoftwareâ€ť vendors, and/or donâ€™t meet the broader definition provided at the beginning of this post.
The following list describes the current vendors that have begun to solidify the vision of a Content Marketing Platform. Each of the companies has been further separated according to different categories to make it easier to distinguish each companyâ€™s area of expertise.
B2B Content Marketing Platforms:
The Curata CMP Content Marketing Platform is designed specifically for B2B marketers to help them drive leads and revenue from content. Â Key components of Curata CMP include strategy, production (e.g., calendaring, workflow) and analytics.
- Sample customers: Xerox, Lionbridge, RingLead, Yesler, Alcatel-Lucent
- Pricing: Â $999/month
Kapostâ€™s Content Marketing Platform allows marketers to collaborate, distribute, and analyze all content types within a single platform.
- Sample customers: LeadMD, ThermoFisher Scientific, AT&T, Dun & Bradstreet
- Pricing: $2,500/month to $3,500+/month
This was a startup company acquired by Oracle in 2013. It has now been absorbed into the Oracle Marketing Cloud under the product name Oracle Eloqua Content Marketing.
- Sample customers: Eaton, Bass Pro Shops, Indiana University
- Pricing: Up to $50,000/year
B2C Content Marketing Platforms:
Percolate is a leading social relationship management platform that also offers unique content management capabilities for large B2C companies.
- Sample customers: GE, Unilever, Chobani, Mastercard, Amtrak
- Pricing: $5,000/month to $15,000/month
NewsCred helps brands manage the entire content marketing process on one platform. By managing content creation, distribution and measurement, you’ll be able to scale and streamline the entire customer experience.
- Sample customers: Pepsi, The Hartford, ConAgra Foods, VISA
- Pricing: Â $2,950/month to $10,500+/month
Agency Content Marketing Platforms:
These companies are first and foremost content marketing agencies, who have built content marketing software to increase the value of their writing services.
Skywordâ€™s motto is â€śMoving Stories. Forward.â€ť Â Skyword provides access to a community of thousands of freelance writers and videographers, an editorial team, and program managers. The Skyword Platform makes it easy to produce, optimize, and promote content to create meaningful, lasting relationships.
- Sample customers: Â New Balance, MasterCard, Stack, GMC
- Pricing: Dependent on volume of writing services needed
Contently helps you â€śtell great stories.â€ť They help leading brands build loyal audiences through premium, original content. Â Contently also offers software that lets marketers orchestrate content creation, approval, distribution, and measurement.
- Sample customers: Â New Balance, MasterCard, Stack, GMC
- Pricing:Â $3,000 – $25,000 a month
The Future of Content Marketing Technology
The modern practice of content marketing has only recently begun to reach the masses. Organizations are beginning to staff their teams with content marketing experts, and processes are beginningÂ to take shape to better tap into the power of a common focus (and investment) around content. Â The proliferation of content marketing vendors is due to the many challenges (and opportunities) forÂ marketers,Â andÂ in the future, the Content Marketing Platform will sit in the center of this technology landscape.
This will enable marketers to streamline their processes, and ultimately better scale content operations.
So, where to start you ask? Start by looking within your own organization to pinpointÂ specific needs. Do you have someone in place to lead content marketing? Have you developed a content marketing strategy in alignment with other parts of your organization? AreÂ you using an editorial calendar to facilitate alignment and to help execute your strategy? Are you quantifying the return on your content marketing investment through more advanced metrics?
To help answer these questions and many more, download our free checklist to startÂ scaling your content operations. This checklist will help you:
- Define content marketing and build internal support
- Develop a content marketing supply chain
- Consolidate and integrate marketing applications