Marketings future a digital dilemma
Nick Eggleton. Picture: Nic Ellis/The West Australian.
More companies will start creating their own content in 2015, challenging traditional media for the consumers attention, PM+A Marketing senior consultant Nick Eggleton has warned.
Speaking at the Curtin University/WestBusiness Outlook Series event on the future of marketing, Mr Eggleton said news- papers in particular would be competing against everyone for an audience as brands turned to owned media platforms such as blogs and social media to publish their own content.
That warning was quantified last week when the US-based Content Marketing Institute released its 2015 Australian Benchmarks, Budgets and Trends report, based on a survey of 251 business-to-business and business-to-consumer groups.
Content marketing sees brands create and distribute articles and videos which engage their target audience to drive sales.
The study showed 63 per cent of marketers planned to increase their content marketing budget next year. Some 33 per cent of marketers surveyed thought their companies were effective at content marketing, up from 29 per cent last year.
It also showed 86 per cent of companies were using social media (other than blogs), 85 per cent were publishing articles on their website, 83 per cent were using e-newsletters, 72 per cent videos and 68 per cent blogs.
PPR WA managing director Peter Harris said he knew of a US-based public relations company that employed up to 80 journalists to write content for brands which would then be pushed out to both new and old media channels. A similar-sized team was listening to social media for trending topics.
The reality is that there will be relevance for advertising, that will continue, but ad revenue will continue to drop, he said. People are now into storytelling.
Lush Digital associate director Sarah Mitchell said brand journalism where brands employ teams of experienced reporters to create content rather than marketers was still immature in business but it was an idea thats time had come.
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Marketings future a digital dilemma