By Jessica Jeffcoat
Research Analyst
Growth Team
Membership™
Frost & Sullivan
It’s been a few weeks since I saw The LEGO Movie with my husband and our
LEGO-obsessed 11-year-old son, and I still can’t get the infectious “Everything
is Awesome” theme song out of my head (thank you, Warner Brothers…). Despite
(or maybe because of) a transparent commercial agenda, the movie was a brilliant
piece of branded content that’ll go down as one of 2014’s most effective (and
certainly most profitable) marketing moments.
The
LEGO Movie – which has grossed more
than six times its budget and is beginning to turn this blog into another
advertising vehicle – tells the story of the utterly ordinary Emmet, in a familiar plot. His destiny is to save the LEGO universe
from an evil tyrant.
The
LEGO Movie uses a traditional
medium (film) to share traditional content (a story with a familiar plot) and
appeal to the masses. However, LEGO recognizes that traditional marketing
vehicles are no longer enough. It also takes advantage of digital media, like
its interactive website and movie-inspired video games, to connect with a more
niche audience. (I was particularly amused by the website’s
tongue-in-cheek, behind-the-scenes
(“behind the bricks”) interviews with the cast members, as if they were real people.)
As the marketing world is flooded with
content, it’s more important than ever for marketers to differentiate their
voice from the rest of the noise, like LEGO has. Given widespread online and mobile
access to information, creating compelling digital content is no longer a
nice-to-have. It should be the foundation of your company’s brand identity,
demonstrating who your company is and compelling the audience to learn more
about you.
However, many marketers are struggling with
effective content marketing, regardless of the medium. Frost & Sullivan and
CMO.com’s 2014
Marketing Priorities Survey reveals that marketers’ top challenge is creating content
that delivers value to customers. Furthermore, the majority of marketers (65%)
rate their content marketing efforts as “average” or lower.
So, why are marketers having a hard time
producing content that resonates with customers? Most survey respondents attribute
their challenges to inadequate staffing levels and time constraints. Marketers
expect moderate increases in their content marketing budgets in 2014, but it’s
unclear if these increases will address staffing limitations. Consequently,
marketers may find themselves forced to produce higher quality content, and
likely more of it, with the same headcount.
There could be, however, an alternate
explanation for why marketers are struggling with content. The majority of
marketers currently use, and plan to devote more resources to, tried-and-true
vehicles, such as brochures, customer case studies, and live events. Survey
respondents consider these traditional mediums to be the most effective content
types to attract and retain customers. This may reflect a risk-averse mindset –
and a disconnect with customer behavior – that’s keeping many marketers from
creating truly unique and compelling content, and they must explore new and
different ways to get their messages out.
The one potential bright spot in the survey
was that the majority of respondents (53%) plan to allocate more resources to
videos in 2014. While video is not a new medium, its use on popular online
sites, such as YouTube and Vimeo, has the potential to connect with a
social-savvy demographic. If done well, video can be an engaging, entertaining
content vehicle that distinguishes a company’s personality.
Content marketing isn’t going anywhere, and
marketers must devote the necessary time and staffing to do it well. However,
relying on traditional channels, which some audiences may find outmoded and
stale, doesn’t help. Like LEGO, marketers need to push beyond the status quo
and take advantage of the huge opportunity digital content presents to attract
new customers and retain existing ones.
If you have any questions about the survey, please contact us at GTMResearch@frost.com, follow us on Twitter @Frost_GTM,
or visit us at www.gtm.frost.com
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