The post How Content Creators Get Taxed All Over the World first appeared on Publir.
]]>However, since 2021 YouTube has started to withhold tax from U.S.-based revenue. This has made calculating taxes for content creators around the world a bit more complicated.
Let’s review a couple of cases to illustrate how much the process varies from country to country.
French-speaking vlogs are becoming very popular all around the world. Quebec YouTuber Catherine Francoeur, for example, creates videos about her everyday life, and her daily vlogs are so successful that they average between 50,000 and 100,000 views.
At the very least, Quebec creators like her will have to pay 15% in taxes based on their worldwide earnings. However, according to Canadian law, they can deduct part of their taxes from filming and computer expenses.
Calculating the exact amount can be a bit overwhelming, which is why it is best to use a tax calculator specific to Quebec. This will allow you to avoid any costly mistakes, and ensure that the rest of your finances from YouTube are properly accounted for.
Many talented L.A. residents have been able to steer their careers towards content creation. Emma Chamberlain has 11.1 million subscribers, and her vlogs and DIY videos pull in a whopping 3 million views per upload.
In Los Angeles, content creators’ taxes are not withheld by YouTube, as they already have to make their tax declaration locally. California state taxes increase progressively though. For example, a married creator with an annual income between $66,842 and $92,788 has to pay $1,648 + 6% of the excess. Consequently, the process gets a little more complicated in a different way, and content creators in the area will need to read up a little more on state tax laws.
In Cape Town, YouTubers earn approximately 1$ per 1,000 videos, making it a highly profitable endeavor if you upload frequently. The pair of artists known as Yolandi and Ninja has around 3.2 million subscribers and some of their most popular surreal music videos have gotten more than 100 million views.
Tax in South Africa, starts at 18%, increasing to 26% if the income climbs between R205,901 – R321,600. There’s also a 15% VAT tax that may have to be paid for some online or offline purchases necessary to start making videos. Sadly, there is no income tax convention between the U.S. and South Africa, meaning that double taxation is an unfortunate possibility.
Of the more than thousands of Indian YouTube channels, some of the most successful reside in New Delhi. Comedian and streamer CarryMinati, for example, has 29 million subscribers, with view counts ranging from 40 to 200 million depending on the video.
YouTubers must pay a tax of 18% of their income, but this may vary depending on where the content was made. In the case of YouTube revenue, if the entity that receives the service is outside of India, then no taxes have to be paid on it as it is considered an export. There is a dual taxation treaty between the U.S. and India, but specific conditions must be analyzed carefully to see if this applies to online content revenue.
Taxation is a complex matter, especially if we consider YouTube’s new policies. Content creators have to calculate both their local and U.S. taxes, consider deductions and double taxation treaties. However, with the help of professional assistance and online calculators, the task can be a bit more bearable and precise.
If you are looking at reading more such articles, visit Publir’s Blog!
The post How Content Creators Get Taxed All Over the World first appeared on Publir.
]]>The post Crafting Content for the Sales Funnel – TOFU, MOFU, and BOFU first appeared on Publir.
]]>Each step must give the right kind of marketing to pique the attention of leads without becoming overbearing. It’s critical that your lead and nurturing efforts provide the correct kind of content at each stage of the buyer’s journey—yet 65% of marketers say they’re not aware of what content is ideal for which stage. So, let us go through an in-depth understanding of TOFU, MOFU, BOFU strategy, and what content you should be providing at each stage.
Consider how a funnel is shaped. The top end is broad, but the center section narrows dramatically until it reaches the bottom, where the two sides almost touch, forming an inverted triangle. The marketing funnel follows the same pattern:
Because each stage corresponds to a distinct point in the buyer’s journey, it needs different sorts of content to drive prospects along and convert them to leads, and finally to customers.
By developing content that is relevant to each step of the buyer’s journey, you can map out content touchpoints across the buyer’s journey.
The goal of a TOFU stage campaign should be to target a relevant audience. The sort of goods or services you’re advertising will determine your goals. The goal of digital marketers for online shops might be to utilize keywords to target consumers by displaying them the most accurate results based on their previous searches, searched terms, demographics, and other factors. If you’re selling a product online, your goal should be to lead the consumer to the appropriate page where they may complete the transaction.
There are certain possible ways to accomplish TOFU objectives. Some of them are:
Online advertisement: Placing advertising online on websites and search engines might help you acquire consumers during the TOFU stage. Remarketing Ads (whether in Google Ads or Facebook Ads) allow digital marketers to reach out to potential prospects based on prior visits to their websites. Online campaigns, when combined with particular strategies, may target audiences that have previously visited specific pages on your site or taken specific activities, and advance them to the next stage of the sales funnel.
Keyword analysis: Prior to the optimization procedure, keyword analysis is carried out to determine which terms have a high search value. Search Engine Optimization, or SEO, is the process of using relevant keywords on your product page and placing your advertising online in a targeted manner. SEO firms aim to target keywords that are either high in value but have a lot of competition, or high in value but have a lot of competition.
Optimizing your website: You could want to start by optimizing your website to help it rank higher utilizing relevant keywords on the Home and product pages, based on the best keywords. The higher your website’s page rank (in Google’s case), the higher it ranks for your keywords. Getting your pages to rank first may be as simple as optimizing your site for speed and mobility.
Blogs: Answer a particular query about your product or service in a blog post. Many advertisers utilize relevant keywords, intriguing articles, and advertisements embedded within engaging content to target customers through guest posts, sponsored blog posts, and even their own blogs. Blogs, articles, infographics, listicles, and other TOFU material will pique people’s interest in your topic.
MOFU content types are different from TOFU and BOFU. The goal of the middle of the funnel content (MOFU) is to help individuals engage and evaluate the benefits of what you have to offer over your competitors. While top-of-the-funnel content shows prospects that you know what you’re talking about and are using it to help them, the goal of middle-of-the-funnel content (MOFU) is to help individuals engage and evaluate the benefits of what you have to offer over your competitors. But it’s more than just declaring “our product is superior to theirs.” This is where you nurture your leads.
Some of the MOFU content examples are case studies, whitepapers, webinars, and social media posts.
As the customer journey nears its conclusion, it is the content of BOFU that reflects the last phase. Prospective customers are directed to information that offers the product at this point of the funnel, which includes testimonials and product walkthrough videos as well as product demo and consultation sessions.
Testimonials: In this final step, testimonials are extremely significant since they provide third-party approval of your product or service. If you want your customers to believe that you are the correct solution, you must provide them with testimonials that show how your product or service adds value to their business.
Tutorials: A prospect may require an extra push to make a decision in your favor. Video tutorials demonstrate that you are ready, willing, and able to do some hand-holding to make them feel comfortable with what you’re selling, which increases their confidence to make the purchase.
Product demo: Demonstrate how your product genuinely works to your audience. Show your product’s features, advantages, and how you outperform your competitors on-site or in a video. The more your prospects understand how your product works, the more likely they are to buy it.
Free trials: Everyone likes free products, and that is why free trials are an excellent way to move leads closer to conversion while incurring no financial risk. If your product is worthy and useful, they will be more likely to upgrade to premium after testing all tools and features.
Although lead nurturing via TOFU, MOFU, and BOFU content may appear straightforward in principle, it is not. Consider your entire lead nurturing strategy, produce the appropriate content, and assess the leads you convert as they go down the sales funnel, as it takes time.
Putting out the effort will undoubtedly pay off. According to research, organizations who succeed at lead nurturing produce 50% more sales-ready leads, and those leads make 47% greater purchases than leads who are not nurtured. A complete acceptance of funnel-focused content is part of an inbound marketing approach. You’ll attract more leads and convert more paying clients if you have a full deck of TOFU, MOFU, and BOFU content.
The post Crafting Content for the Sales Funnel – TOFU, MOFU, and BOFU first appeared on Publir.
]]>The post The 10 Best Examples of B2B Marketing Content first appeared on Publir.
]]>Today people are spending more time researching options before making a purchase. The perfect mix of intriguing and informative content is what is required to draw these potential consumers in. And to do this well, businesses need to have an effective content marketing strategy. Here are 10 great examples to use as inspiration.
This all-in-one SEO toolkit finds mention in a lot of digital marketing forums, and for good reason. Including a site auditor, keyword and content explorer, a site explorer, and a rank tracker, Ahrefs can make a page rank higher. Ahrefs marketing content strategy consists primarily of two blogs focusing on SEO and tech, an academy, and a help center. The company is also present across social media networks like Twitter, Facebook, Instagram, and YouTube with different kinds of content going through varied distribution channels. Ahrefs is proficient in distributing content through each of the aforementioned channels, with their YouTube channel having a large following. Ahrefs also repurposes its content regularly and has several featured channels about other video marketing content, SaaS marketing, and more. On Twitter and Facebook, they push different kinds of content. Their versatility and consistency make them a great example of B2B marketing content.
One look at Wistia’s Instagram page will tell you that they’ve nailed the concept of including the very important human element in B2B marketing content. Companies should use social media channels to bring their audiences closer to the people who manufacture the products and services the audience loves. Wistia, a video hosting platform, shares visual content on Instagram boosting views. Their content, aligned with the core of their product or service, is great and Wistia is a great example of how to use your unique selling point to your advantage, to reach out to your audience.
A business management solutions provider based in Australia and New Zealand, MYOB helps organizations handle their finances, putting them in touch with bookkeepers and people working in financial services. There are small businesses just starting out, or established organizations that want a good insight into their own operations. The reason MYOB is a great example of B2B marketing content is that it has a strategy for each of these businesses. MYOB understands that a lot of firms are still in the process of making accounting and financial decisions while growing. MYOB’s positioning as an authority to help these businesses develop and grow has helped create a curious audience. MYOB understands this audience’s needs and tries to deliver accordingly.
You wouldn’t expect a social media network to make this list, much less a quiet one like LinkedIn, composed mostly of professionals and corporates who take their roles very seriously. Well, this seriousness is what attracts a lot of talent from fresh college graduates to junior and mid-level executives looking for a job change. The content on LinkedIn is a little more serious but informative and is great for building your career on a digital platform. The platform knows how to promote its own marketing content efforts, with its ‘Secret Sauce’ campaign being an example. On YouTube, they’ve got employees giving talks on content promotion and narrating personal experiences. This brings a little relatable human emotion into the corporate world. With its subtle but powerful messaging, LinkedIn is a great example of B2B marketing content.
This consultancy and financial services company that has its fingers in tech, auditing, and more, is spread out wide. Working with everyone from government agencies to firms in the scientific fields, Deloitte’s credibility is its vast and deep knowledge base. Via Deloitte Insights, it is adept at creating useful, informative content for individual, special audiences, and has positioned itself as an indispensable resource for those who want what it knows. Deloitte also curates content across a variety of formats, like blog posts, podcasts, and webcasts. It has some interesting content for everyone. Creating a wide-scale content strategy to make everyone happy is difficult. Microsites could help in this regard. Establishing themselves as a go-to resource, a content hub, and a knowledge center makes Deloitte Insights a great example of B2B marketing content.
NextView Ventures does things slightly differently. It decided to cash in on the popularity and niche audience of Medium, and through its publication Better Everyway, it focuses on stories, analysis, and resources that seed-stage founders could really use. This is a smart move by NextView, to create off-site content, i.e material that you own but that doesn’t inhibit your website. Couple that with the popularity of Medium, and you have a good boost in discoverability for publishers. Via Better Everyway, NextView experiments with a variety of content, and as a result, the work published is interesting, diverse, and shareable.
One of the largest insurance brokers in the United Kingdom, Simply Business has a smart content strategy that involves giving business owners advice about a variety of issues ranging from email productivity to WordPress, business blogging, social media, AdWords, and more. As a result, their organic traffic increased because of nicely-placed thoughtful keywords, and pertinent topics the audience was interested in.
Another firm that is nailing the offsite content concept is Zendesk, through its Medium publication. As an expert in solutions provided by its core product, i.e software, Zendesk has opened up its consumers to a whole new world: The world of highly skilled experts, the brains behind the software. Realizing that there are people who want insights and have technical questions about the product, Zendesk decided to make their product interesting by providing an insight into what goes into it.
This isn’t just another digital agency. Focusing on tech startups, Single Grain wanted to attract big players like Uber and Amazon. So, they used content designed to convert site visitors into subscribers. Their holistic content marketing strategy included a highly detailed blog on online marketing, a podcast featuring their CEO and market thought leader Neil Patel, and an online resource center stocked with guides, webinars, courses, and infographics. Being one of the few firms to go down the podcast route has paid off because their episodes are highly sought after. Their blogs garner a lot of shares and their website traffic and business awareness among their target consumers have increased as a result.
An initiative by Mattermark, Raise The Bar is a great example of curated content. Marketers with their plates full don’t want to keep scouring the internet for news and trends. Raise The Bar saves them the trouble by compiling a daily newsletter of sorts, with posts on sales, growth engineering, and marketing. Their aim is to help people who ‘grow’ companies. They have played the ‘problem solver’ card, turning into a voice of authority. That makes for great relevant content for their audience, in an easily accessible package.
In conclusion, just because a firm is in the B2B space doesn’t mean its content cannot be dynamic. In fact, for companies in this space, it is an even bigger challenge to make their products/services appear appealing and attractive to potential consumers. There’s a lot of great B2B content floating about the digital space and a world of content opportunities for B2B content marketers. Read our blog about how to set and achieve marketing objectives, to help your firm reach its marketing goals.
The post The 10 Best Examples of B2B Marketing Content first appeared on Publir.
]]>The post An Overview of Creator Economy: Challenges and Opportunities first appeared on Publir.
]]>
A stream of content producers developed this creators’ economy through their contributions as text, audios, videos, graphics, and gaming, mixing innovation and originality, unforeseen before at a massive scale. Over 50 million content producers, curators, and community influencers have built this economy across social media platforms like blogs, vlogs, videos, music, lyrics, and podcasts in return for money from their followers, brands, and platforms. The creator economy has equally spurred massive software and hardware innovations like editing, crafting, painting, designing, and audiovisual tools to promote these creators in their monetization efforts.
Although creators producing artifacts and selling them online and offline are not new, the concept of monetizing user-generated content is a newer phenomenon, specifically with the creation of platforms like Patreon in 2013.
There is a paradigm shift from highly qualified and trained professionals like journalists, authors, and videographers—creating content to pursue their careers to earn a living—to a diversified set of content creators who can simply turn on the digital camera or publish content on digital platforms and attract an audience. Until 2000, when access to the internet was not a household phenomenon, creation was a highly specialized profession, restricted to a selected few.
Social media platforms like Blogger (1999) and YouTube (2005) have offered the earliest opportunities for the creators to make money out of content like blogs and videos.
By 2010, a plethora of social media platforms started catering to the general audience with Facebook and Instagram as well as niche audiences with platforms like Medium.
The emergence of platforms like Facebook, Twitter, YouTube, Instagram, Spotify, Snapchat, TikTok, Substack, Patreon, OnlyFans, etc., have offered multiple monetization opportunities for the user/creators.
You don’t need to be a notable personality to make money in the social media spurred creator economy. Instead, creators get noticed through publishing fun, engaging, thought-provoking content. Take 24-year-old Logan Paul, for example. He started as a vlogger, posting 6-second videos on the (now defunct) platform, Vine. He attracted millions of followers with his sketches and later moved to YouTube. He posts daily vlogs on YouTube and currently enjoys 22.8 million subscribers. Paul is worth $19 million and the majority of his revenue comes from advertising on his channel, making him the 10th highest-earning YouTuber.
Advertisements
Social media platforms are paying creators with big fan bases a portion of ad revenue, based on the number of clicks, customer engagement, and conversion rates. YouTube, for example, pays 45% ad revenue to creators and retains 55% for the platform. Toymaker Lego’s surveyed 3,000 children in the US and UK found that more than 30% of them have aspirations to be YouTubers. Success stories of YouTube creator David Dobrik, with monthly Ad revenue of $275,000 for an average of 60 million views from the platform are the source of inspiration for tens and thousands of aspirants.
Subscription
Social media platforms and media companies have realized the importance of reaching niche audiences through newsletters, with stories that reputed journalists and influencers compile for their followers. Authors can place their stories within the paywall for their fans, which are ready to pay for their favorite writers. Then authors can enjoy a steady stream of revenue from the paid subscriptions. Just two of the platforms where creators are generating revenue are Substack (subscriptions built into the content hosting platform) and Patreon (for posting webcomics, videos, songs, etc.). The top 10 creators are collectively generating more than $7 million annually on Substack, where the platform deducts its charges and pays the creators their due.
Tipping/One-Off Sales/Donations
Users pay creators a token amount for consuming their favorite creator’s work either through a “layer on top” platform like ‘Buy Me A Coffee’ or through a content platform as tips/donations. All the major social media platforms like Twitter, YouTube, Twitch, and TikTok have rolled out tipping features, creator programs, and other monetization efforts for them to make money on their social channels.
Content creating as a career is attracting a wide range of people from across the globe. U.K.-based Abraxas Higgins, for example, has resigned from his full-time corporate job to pursue a career as a Clubhouse influencer and social audio strategist.
Brand Sponsorships/Influencer Marketing
Brand partnerships are still a major revenue stream for most creators. Creators with substantial followings endorse brands and place products in their social media account on behalf of brands. Brands pay them upfront for product endorsements. Brand sponsorship is a major revenue source for creators. There are over 220 companies worldwide that cater to creators and 77% of creators depend on brand deals that are three times as many as every other revenue source combined.
Brand collaboration
Brands pay creators for generating unique content on their products as product reviews, images, and videos for influencing their followers. Even micro and nano influencers with limited followers can still opt for brand collaborations. In fact, 68.1% of US adult influencers identified brand collaborations as a major source of revenue.
Affiliate Marketing
In affiliate marketing, a company or online retailer pays a commission to other companies or influencers for traffic that results in a sale. Influencers provide a specialized link to a product or service that tracks that traffic. This is similar to influencer marketing, but in the case of affiliate marketing, the influencer’s traffic must convert to a sale.
According to influencer marketing platform Mavrck, Affiliate marketing is a major source of revenue for 9.3% of respondents, followed by ads (7.4%) and selling professional services (7.1%).
Social media platforms are grooming creators in their various avatars, as they are sought after for the brands and platforms as income generators. While entertaining their audience through their songs, music, performance, and stories, creators are promoting brands by generating content in the following formats –
• Podcasters
• Blog Writers
• Video course makers
• Tutors
• Community leaders
• Product Ambassadors
• Personal shoppers
• Fitness/yoga instructors
• Virtual coaches
Both brands and platforms are in a great rush to rope in influencers to market brands and generate revenue. This is a paradigm shift from social media companies dictating terms to creators to creators’ ability to make money out of their charismatic follower base. Social media platforms are paying creators their due, as they are not ready to lose their best creators to other platforms. While Facebook introduced fan subscriptions, Twitter allows its creators to sell subscription-based email newsletters and live audio chats.
The current creator landscape has a close resemblance with the existing economic system within which it operates. Economic inequalities of the real-time economy do reflect on the creators’ economy as well. Only the top influencers and creators are reaping the benefits, while a vast majority is making pittance out of it.
Although over 7 million musicians upload more than 60,000 new songs on Spotify each day, only 0.2% of musicians earn more than $50,000 as annual royalties and 3% earn $1,000 or more. OnlyFans estimated that creators got a paycheck of about $2,000 for one million views on YouTube. A creator with 10,000 followers might persuade only one percent of subscribers to pay less than $10 per month, which would fetch gross earnings of about $12,000 per year. Only the top 10 Substack creators are getting more than $7 million annually and a vast majority is still unable to make the U.S. 2021 federal minimum wage of $7.25 per hour.
Platforms are proposing huge cuts to creators’ revenue; Apple, for example, deducts 30% of creator’s money and is proposing changes to restrict creators from tracking their follower emails to generate subscription revenue.
Although brands and platforms have responded with innovative tools for the creators to make quality content, they should equally allow the mini, micro, and nano content creators with limited fandom to flourish. We certainly need a middle class to build a strong and sustainable creator economy to accommodate the average American’s Dream of earning a comfortable living and making money out of entrepreneurial zeal. Business leaders can make a difference with their strategies by getting involved in the creator economy. They can white-label their products and allow creators to access their customers.
The post An Overview of Creator Economy: Challenges and Opportunities first appeared on Publir.
]]>The post Top Ways to Maximize Your ROI from Content first appeared on Publir.
]]>The return on investment (ROI) for content marketing is essentially how much revenue you generate from a piece of content vs. how much it cost to create it. While content success is frequently linked to revenue goals, the ROI of content marketing and content success is not the same thing. Nowadays we can see the evolution of content marketing as well.
The thing is, every piece of content you generate will not earn you money directly. Some content is developed to nurture leads who are still in the marketing funnel and aren’t ready to purchase. This form of material will not generate direct income, but it will assist get the lead closer to making a purchase. As a result, it has a hand in generating money, but it can be very difficult to track.
Content marketing ROI should not be your sole metric, but it is important to consider when attempting to gain a comprehensive picture of how your content is functioning and how it ties to the ultimate objective of generating revenue.
When marketers plan their content strategy, they consider the long term. It takes time for content marketing, and especially SEO, to work its magic. If you create high-quality material as part of your content marketing initiatives, you should see your ROI grow over time as more people are exposed to your material.
There are a few different ways to maximize your ROI with content:
Identify a Few Channels
Different audiences on different channels and platforms within those channels have a tendency to behave differently. Content that is really popular on one channel may not necessarily perform well on another. You should, ideally, identify which channels work best for the content you’re delivering and where your audience is consuming information before you start creating your content. Then you can tweak everything for those individual audiences, including the topic, viewpoint, and title. Be careful not to spread yourself too thin by trying to be everywhere, especially if you’re new to content marketing.
Keep Updating Your Content
Fresh content, delivered consistently is essential to engage and retain your audience. It’s also important to ensure that anything you’ve produced in the past is up-to-date as the market changes. When you make updates, make sure your audience knows about it by sending a brief tweet or email to individuals who have previously loved the content. You’ll get more shares and links as a result of this. Visitors will have no issue sharing your material long after it was initially published if you maintain updating it on a regular basis–and it will remain relevant to new audience members.
Keep Promoting the Content
The majority of your ROI will come from content promotion. While quality content is a fantastic start, it won’t get you anywhere without letting people know that the content is there, ready for them to consume. Some elite marketers, such as Derek Halpern, spend as much as 80% of their time promoting content and only 20% on developing it. You’ll probably need to spend more time promoting and advertising your previous material if you want to optimize your ROI.
Make Better Content than Your Competitors
Your content should outperform all of the content of your rivals. The higher the quality of your material, the more it sticks out from the crowd. Readers judge your content’s quality in part by comparing it to that of others. There won’t be a substantial change in your return if there isn’t a major variation in perception. So do your research and take your time and, if necessary, hire help to develop the best content possible. Alternatively, you might just improve your content as others catch up, hoping that no one else comes out with a guide like this that you can’t match.
Promote Through Outbound and Inbound Marketing
You’re missing out on a lot of reaches if you simply rely on organic traffic on most social platforms. However, many marketers, particularly newer ones, despise advertising because of the cost and the fact that it can be confusing to get started. If you typically use inbound marketing, you may be averse to outbound marketing, but a combination of the two can give you great results; they don’t have to be mutually exclusive. You may utilize both of them to promote a piece of content at the same time. And when you find the correct mix, your return on investment may skyrocket.
Optimize Your Sales Funnel
A sales funnel is what will funnel your new followers into engaging with your content and, eventually, buying from you. It’s critical that you have a sales funnel in place, with a product (or another monetization mechanism) for visitors and subscribers to purchase at the end. Make sure there’s a clear path for people to take so they know what you offer and how they can buy it. Doubling your conversion rate at any stage at the bottom of your sales funnel is a simple method to double your content’s ROI.
Measure Your ROI
You must first learn how to calculate your ROI and then track it for each piece or type of content you create. There’s no way to test alternative content production and promotion tactics to discover which ones genuinely boost your ROI unless you quantify it. Content marketing techniques should be refined and improved on a regular basis by good marketers.
When it comes to selling, appealing to the public, and generating a return on investment, content is critical. One cannot expect a website or even a business to succeed without accurate, high-quality content that attracts and engages potential buyers. This is why content is so important in digital marketing initiatives.
These content ideas will improve your ROI:
Content marketing now accounts for a significant portion of most organizations’ marketing budgets, so it’s important to determine whether your actions are working. In fact, marketers set aside 27% of their marketing spending for content creation and dissemination.
There are four steps to calculate ROI in content marketing:
Step 1: Figure out how much money (and time converted to dollars) you spend on content creation. Don’t forget to factor in the cost of work done by other departments, as well as other content creation costs like photographs, videos, and infographics.
Step 2: Calculate the amount of money spent on content distribution and publication. You can figure out the campaign’s entire cost by adding the costs of content production, delivery, and publication. When determining your content marketing ROI, this will be your investment.
Step 3: The total revenue earned in return for expenditure must be calculated. This may not be a neat and tidy calculation, especially if you’re relying on organic (free) content and not advertising, but it is possible to get close. Look at a specific campaign or content series and then determine the number of sales made during the promotional time. Content and sales might have a direct or indirect relationship.
Step 4: Finally, you must calculate the return on investment. Follow this easy formula to compute the content marketing ROI from direct sales:
ROI Percentage = (Revenue-Investment)/Investment X 100
This, however, is merely the observable aspect of ROI. The direct ROI isn’t the sole factor in content marketing success. Many other factors come into play, such as lead quality, website traffic, social media, exposure, engagement, and SEO returns.
If you don’t want to become overwhelmed, don’t track too many metrics for a single project, and don’t try to track metrics for a single piece of content. Setting clear goals and selecting a few measurements that are related to that aim is preferable.
Experienced marketers understand the importance of having a strategy in place before beginning any campaign. However, just 37% of companies have a written content marketing plan.
You must evaluate your existing situation, including website traffic, page views, social shares, click-through rates, conversion rates, and so on, and set objectives to achieve. Also, make sure your key KPIs are in line with your overall marketing objectives and keep track of them over time. You’ll only know how you’re doing if you keep track of your progress. It’s critical to review your content marketing strategy on a frequent basis to verify that it’s still effective.
Want to get better results? Consider your audience’s point of view while creating material, and it will resonate with them more. To get and keep their attention, back it up with strong research and relevant examples. When done correctly and properly, the combination of SEO with content may provide outstanding results. Amplify your content properly and invest in an app that will help you harness the power of social proof and gain the business of the 77% of people who suggest businesses to their friends and family.
The post Top Ways to Maximize Your ROI from Content first appeared on Publir.
]]>The post Evolution of Content Marketing – Monitoring The Change first appeared on Publir.
]]>Content and messaging are the backbone of any business, and without a constant supply of engaging and interesting content to the audience, prospective customers don’t know what a company stands for or what the company can do for them–which means the prospect won’t buy..
With the advent of digital marketing in the past few decades, it might seem that it has overruled the content marketing domain; but believe it or not, content marketing is still a game-changer. And the demand for more versatile and engaging content has definitely risen. To cater to these demands, both content and content marketing has evolved significantly.
Now, to understand the evolution of content marketing, let’s understand how things have changed over the years.
Content in the earlier times was sold in the form of booklets, pamphlets, magazines, comics, and banners. Who isn’t aware of the popular Michelin Guide of the 1990s that made the brand a popular critic in the domain of eateries or the first G.I. Joe Comic Book of Hasbro and Marvel? Well, most of the brands during those days advertised their products in the form of magazines and print publications. But as the internet took over, marketing and content strategies have evolved to digital models. This shift allows us to research and evaluate almost every product with just a few clicks and it has since then changed our lives forever.
Google conducted its highly popular landmark study in 2011 which changed the game of content and content marketing. This study is known as the Zero Moment Of Truth, or ZMOT, a revelation and mindfulness stage in a purchasing cycle where a buyer explores an item prior to purchasing it. The study gives an extraordinary perspective of content marketing’s evolution. In short, it infers that products and organizations are being discussed by consumers well past the organization’s own marketing efforts. And with savvy marketing strategies, an organization can help to shape those discussions–even if the organization isn’t the one starting or leading it.
The study also highlighted the need for Search Engine Optimization (SEO) and keywords, a prerequisite to bolstering a company’s online presence. All this led to the creation of more relatable and informative content by brands which proved to be extremely useful for the buyers.
The credit of the ‘actual’ evolution of content and content marketing can be given to the rise of social media. Since social media platforms like Instagram, Facebook, and Twitter rose to fame, the demand for more resourceful, relatable, and creative content resulted in the production of videos, long-form content, podcasts, and blogs. It’s become incredibly easy for businesses and individuals to reach and influence people across the globe.
By 2017, over 50% of consumers preferred to see a video over reading the same information in order to evaluate a product before buying it. Videos are highly engaging and they seem to be more intuitive than blogs or written posts, plus they’re more personal and showcase the business’s personality more than written content.
The future of content marketing is all the more promising and engaging. For their audience to have a more fruitful experience than they have now, brands need to look out for these trends, and include them in their content strategy.
Video content continues to grow and gain momentum, and they have become extremely popular now both short and long format. Platforms like Instagram, TikTok, Snapchat, LinkedIn, and YouTube are good choices for video content, depending on the type of business. Live video is especially popular, though some recorded content may be easier to create and publish regularly.
Advertisers understand that they can convert their customers quickly via conversational marketing. This involves creating a conversation around the topic, asking a question, inviting participation from the live or replay audience, etc. Marketers can also invite a conversation via static social media posts, in messenger apps, or in email marketing. Consumers want to be able to offer their opinions; conversational marketing is the way to allow that.
While content marketing has changed drastically over the past 15 years or so, it will only keep evolving with time. Change is inevitable, and there will always be room for more upcoming trends and strategies that we will have to embrace in the future as dearly as we embraced the past.
As brands continue to evolve their content marketing, the main focus should always be their target audience and the messaging they want to convey. This way advertisers and brand owners could make custom content strategies, and ensure they reach their full potential while reaching out to their audience. To read more informative blogs, visit Publir today!
The post Evolution of Content Marketing – Monitoring The Change first appeared on Publir.
]]>