Content marketing has become a fundamental requirement for consumer serving brands to be exceptional and thrill consumers. However, it doesn’t often allow brands to engage in in-depth conversation about topical trends. As consumers have a high regard for, and spent the most time consuming and engaging with journalistic media, is it time more brands started considering a journalistic approach to their content production?
In the last decade or so, brands have realized the value and importance of content marketing as both a vital business objective, and a key driver for long-term revenues.
In this age of mass digital media, consumer appetite for quality content has become insatiable. Entrepreneur reported that Millennials, that core target group for marketers, are reported to consume an incredible 18 hours of content each day, and brands such as Coca-Cola have acknowledged this need, scaling their content engines with the goal of providing an expansive digital content experience by 2020.
Traditional Media Is Still Number 1
It may be a surprise to some, that user-generated content (including that generated on social media) is not the most popular source of consumer’s media consumption. Nor incidentally is branded content, such as that produced to build presence in organic results, or to spread awareness on social media channels.
According to Entrepreneur’s article, reporting on data from Crowdtap, user-generated content – which includes social media, photos, blogs, email, and text – accounts for 30 percent of millennial’s daily media consumption. However, traditional media – which includes print, radio, television, and media news – attracts the greatest amount of attention, accounting for 33 percent of what millennial’s consume every day.
Much of the content from traditional media sources is produced by journalists, or other creative disciplines such as filmmakers, musicians, writers, or artists. And at the moment, it’s clear that there remains a divide, between the content brands produce to nurture consumer purchase journeys, and the content produced by editorial publications.
The Challenge
When it comes to news, the competition is fierce. Brands must compete against the mainstream media, as well as established niche news publications.
As this HubSpot image illustrates, ranking for newsworthy, time-sensitive content won’t have long-lasting returns for brands in organic search as other types of content:
The Opportunity
The modern marketing adage, that “all brands are now publishers”, has been widely accepted but while many have risen to the challenge of fulfilling the expectation of branded content, it’s often with the express aim of targeting quantifiable measures or objectives, and not with the aim of covering current affairs, and matters of business or ethics, with journalistic discipline.
It’s not that brands don’t have a voice concerning these matters. They most certainly do.
So considering the importance and high regard that consumers hold with journalistic media, is it time more brands started considering a journalistic approach to their content production?
Benefits of Brand Journalism
While branded content marketing initiatives undoubtedly serve a crucial role in nurturing consumer journeys, they often cannot do full justice to the underlying voice of a brand, and the role and contribution they make to society.
White and Gold… right?! #TheDress #whiteandgold #blueandblack pic.twitter.com/oNkLaFxYCS — Xbox UK (@xboxuk) February 27, 2015
A case in point: Microsoft can chime in on the latest social media trend, joking about #TheDress with the best of them, but does this kind of content affirm the technology giant’s position as a pioneer on the cutting-edge of consumer technology.
If brands really want to communicate a message of who they really are – particularly, to voice the thoughts, opinions, and visions of the people who make the company what it is – then they ought to engage in forms of journalistic output which enable them to communicate the genuine views and thought-leadership of cherished personnel.
Having this kind of editorial voice goes beyond content marketing, or content produced for branded digital publisher sites. Brand journalism is a means of enabling brand representatives to engage in the news and commentary of our times. Impartiality, discipline of verification, and independence are among the principles of journalism, and for brands, it could mean adjusting their approach to meet editorial expectations.
The benefits of doing so, however, can be huge.
An Early Example of Success: Forbes’ BrandVoice
One of the companies who have championed the rising importance of brand journalism in recent years is Forbes.
BrandVoice is a service offered by the digital publication and, as stated by Forbes writer Lewis DVorkin, provides “a way for brands to use the same publishing tools [editors do] to create, curate and distribute their expert content in a credible news environment.”
At present, there are a select number of brands utilizing BrandVoice, beginning with SAP, the first digital partner, and Cadillac, the first print partner. Other brands include Microsoft, Dell, Merrill Lynch, Oracle, UPS, Aflac, United Airlines, and Toyota amongst others.
A quick look at the branded channels on the publication reveal that SAP write on topics ranging from personalized health care to Korean cinema, and Dell on topics such and ethical micro-finance and keeping your brain in shape, a post which also yielded a prize-winning drawn infographic.
What About Value?
Even in these select examples, it’s evident that the content here is not driven by a motive to encourage a purchase or progress a conversion, but to communicate a brand voice that affirms a companies interaction and engagement with topical issues.
However, even without any obvious marketing agenda, there is already evidence to suggest that this kind of journalism serves a valuable function for participating brands.
A brand journalism project by Dell with the esteemed New York Times reportedly “paid for itself within 48 hours”, and as Dvorkin writes in the previous linked article, BrandVoice partner NetApp reported that the partnership meant “average page views per post have doubled each month since it started posting.”
Why Brand Journalism Shouldn’t Be Ignored
While advertising media channels can change dramatically, people tend to remain (at the heart of it) relatively similar. The notable advertising innovator Howard Gossage, noted that people do not blindly read the ads (or content) that brands create, but simply that which interests them:
Nobody reads ads. People read what interests them. Sometimes, it’s an ad.
It is the role of a brand to continue to produce content that interests consumers on the channels which they value and trust. Brand journalism offers a natural way to engage with consumers, on channels they frequent without the expectation of being marketed to.
Perhaps, the lesson here, is that simple conversation without a pressure for sale, if it engages consumers in meaningful conversation, undoubtedly has it’s value. As Annalisa Camarillo, NetApp’s Senior Manager of Executive Engagement said of the companies BrandVoice partnership:
“In marketing you’re trained to leave out the bad and the ugly for good reason: you have to protect the company, your customers, your partners and your shareholders. We’re learning that we have to let go a little. Loosen up our collar a bit to reach our audience at their place and in a more conversational style that’s conducive to dialogue and engagement.”
In years to come, these early adopters of brand journalism may find they have secured a head start in engaging in articulate conversations with consumers, and developing a brand voice via journalistic content.