Marketing Archives - Cross Ocean Ventures https://crossoceanfund.com/category/marketing/ Thu, 09 Mar 2023 00:16:44 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.3 https://crossoceanfund.com/wp-content/uploads/2022/10/cropped-logo-icon-32x32.png Marketing Archives - Cross Ocean Ventures https://crossoceanfund.com/category/marketing/ 32 32 Why video advertorials will work for your company https://crossoceanfund.com/why-video-advertorials-will-work-for-your-company/ https://crossoceanfund.com/why-video-advertorials-will-work-for-your-company/#respond Wed, 04 Jun 2014 21:27:00 +0000 https://crossoceanfund.com/?p=3429 Most companies have some kind of video relating to their business up on their websites. Those trendy, animated videos that explain things in a fun-to-watch way are everywhere. They are ...

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Most companies have some kind of video relating to their business up on their websites. Those trendy, animated videos that explain things in a fun-to-watch way are everywhere. They are excellent for explaining how things work while keeping people’s notoriously fickle attention, but a two-minute animated video can easily run into the tens of thousands of dollars.

But there is an alternative that costs less and gives your brand an authoritative voice in your industry in a way that an animated video doesn’t.

Thanks to newscasts being largely unchanged since their inception on television, we’ve become accustomed over the decades to seeing a person talking authoritatively into a microphone and just accepting that what they’re saying has merit to it.

It’s this societal programming that helps targeted, advertorial videos stand out from just plain old commercials, because we’ve also become accustomed over the decades to mistrust claims made in commercials (and for good reason).

You may not know about the concept of the advertorial video because it is underutilized. In this article, I’ll explain what these videos are, why they work so well and how you can use them, in combination with specific customer segment targeting, to introduce your business to new potential clients who are in the most likely position to become paying customers.

What makes advertorial videos so great is they have the air of authority and objectivity about them because they are structured and presented like the aforementioned newscasts.

1. Advertorial vs advertisement

For big, long-established brands, advertorials aren’t necessary because people already know and trust the brand. They’ve already established a presence in their industry and they’ve got a sizeable following.

For the rest of us, advertorials help establish that coveted industry authority.

We should clearly define what we’re talking about here, first. We all know what advertisements are. They are commercials that tout your brand, how great it is, what deals you have going on, how you’re better than your competition, etc.

Advertorial videos don’t do that. What they do is report on some aspect of your business or demonstrate your expertise in your field, instilling trust in the people watching it. Their main focus isn’t on trumpeting your brand, but on teaching viewers something they didn’t previously know. Therefore, watching the videos are beneficial to the viewer. If viewers learn something from your advertorial, they are left with the feeling that they’ve actually gained something of value rather than having the feeling that they’ve lost time watching a commercial.

They are made to look like a journalism broadcast, so you have a “reporter” interviewing people and saying things about your brand in that newsy way reporters have. When people see this style of journalistic type reporting, it gives them the sense that what they’re seeing is factual.

2. Format

What advertorial videos do is promote your brand in a seemingly objective way that instills trust in consumers.

But what’s the best kind of video to make? Should it be directly about your business? Should it be a guide? Should it be more product oriented? What type of video you choose to make will be influenced by what your business is, but even more so by what benefits you can give to the consumer.

Let’s say you sell software that does a specific task, but that specific task is rather complicated. In that case, an explanatory video about not only what the software does, but what benefits it provides the user would be in order.

If you sell a product, a video that pertains to your product, but which also isn’t too sales-y is good. For these, a guide often works well, as it shows your expertise in your field. So, if you sell rugs, say, a video about how to choose a rug for a room would be good. This works for services, too. If you’re a dentist, you can make a video talking about ways to easily prevent tooth decay, with a reminder that if people do get tooth decay, it’s better to act quickly rather than waiting.

Advertorial videos give consumers something they can use while simultaneously saying to them that if they want more of this expert advice or they want to deal with a person who clearly knows what they’re doing, paying your business a visit would be a good idea.

Whatever type of video you decide to make, always start with the benefits to the customers.

3. Targeting

It’s great to have a video and all, but it’s useless if people don’t watch it. And the best way to ensure people watch it is to show it to people who will find it useful. This isn’t the spray and pray of television advertising, it’s a more concentrated effort.

You can target your video by demographics, geographics, context, hobbies and interests or some kind of combination of those.

For brick-and-mortar businesses, geographic targeting is important. If you own a shop that sells rugs in San Diego, there’s no use showing your video to someone who lives in New York or over in Europe. You can pinpoint your city or even your neighborhood as a location where your videos are shown.

If you own a store that specializes in children’s clothing in Phoenix, you can pinpoint your neighborhood, but then you can go further and target it at people between the usual parenting ages of 20-40. Taking it one step further (because not everyone in that age range will be a parent), you can then have the video only shown to people in that neighborhood, in that age range and who have recently searched for certain words. In this case, those would be words pertaining to children or parenting. Those are people who your ad will at least pertain to (although there’s no guarantee that they’ll be interested in it).

You might have to do a test run or two to see what segments are best to target, but it will be worth it in the long run to find the best combination of segments.

It doesn’t just work for brick-and-mortar businesses, either. If you sell an online service, you can use segment targeting just as well and if you are serving a niche market, you pretty much have to target that segment anyway.

4. Leads

Just getting people to watch a video is only the first step in converting them from passive video viewers to potential leads to active customers.

As support infrastructure for your video, you’ll also need a landing page that you can point people toward with a form to fill out so you can gather those potentially lucrative email addresses and other information. If you have a location, give them the information they need to find your place. They’ll be even more likely to come in if they see you’re local.

And why stop at a video? Since you know that you’ve caught their interest, you can have your banner ads target those same people so they are exposed to your brand even more.

Going back to our rug store example, that shop

targets people in a few nearby San Diego neighborhoods who have searched for keywords pertaining to interior design. At the end of the video, it has a map showing the location of the store and a link to a landing page with more rug buying tips and a form where people can enter an email address if they want to get updates about deals and sales etc. Anyone in that geographical area who was even remotely considering purchasing a rug now has the impression that the people at this store really know what they’re talking about when it comes to finding a rug for a room, plus they’re local. People who are in the market for a rug right now will head on down, seeing as how the place is nearby and people who were thinking about replacing that old rug in the living room one of these days will sign up to keep track of what sales the store has so they can take advantage of one when it comes up.

Localized, advertorial videos are great, cost-effective tools that are used relatively little. If you want to stay ahead of the game, and ahead of your competitors, they’re a tool you can use to do that. Once you get adept at using them and targeting them at your various customer segments, they will be well worth it.

[Video crew photo courtesy of shrtstck l icnt.mx on Flickr]

[Dart photo courtesy of viZZZual.com on Flickr]

[Rug photo courtesy of Ian Muroe on Flickr]

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A Step by Step Guide to Build a Content Marketing Plan for Your Consulting Business https://crossoceanfund.com/a-step-by-step-guide-to-build-a-content-marketing-plan-for-your-consulting-business/ https://crossoceanfund.com/a-step-by-step-guide-to-build-a-content-marketing-plan-for-your-consulting-business/#respond Tue, 03 Jun 2014 21:02:00 +0000 https://crossoceanfund.com/?p=3425 You finally landed an interview with your dream company. You are nervous, excited and nervous all over again! Your interview is in two days. Would you: Which approach do you ...

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You finally landed an interview with your dream company. You are nervous, excited and nervous all over again! Your interview is in two days. Would you:

  1. Do your homework. Learn as much as you can about the company, the role you are interviewing for, brush up on your own professional skills, network with existing and past employees to get a feel of what to expect and then arrive at your interview appropriately prepared. OR
  2. Decide to stop worrying so much and take things as they come. You show up at the interview with no preparation except a shower and some decent clothes.

Which approach do you think has a higher chance of success? Unless you are a real prodigy, my bet would be on option A.

Playing by the ear is great if you are doing an improv act on stage. But in the real world, investing time and effort in planning, preparation and a clear game plan, is a time honored way to ensure success. Having a worst case scenario plan ready on hand, helps you sail through when the best case scenario comes along.

The same logic applies to Content Marketing.

Content Marketing is the latest ‘it’ thing that has swept the marketing world. Everybody is doing it or at least trying to do it. You want to do it too. The temptation to rush headlong into content marketing is great, as the entry barriers are so low. But by doing so, you will be doing a huge disservice to your brand and your business. Even more so, when you have a consulting business. In consulting, it’s your JOB to create plans and strategies that work for your clients.

1. Figure Out Where You Stand

Before setting out on any mission to transform your marketing, you need to understand where you currently stand. If you don’t know where you started from, how would you measure how far you’ve come?

Carry out a reality audit –

  • Understand what’s your current brand equity in customers’ minds
  • Measure your site metrics – traffic, conversion rate, drop offs, bounces
  • What is your current market share
  • Who are your competitors and what are they up to in terms of marketing
  • Take stock of all your marketing efforts till date
  • Check what content you currently have that can you re-purpose for content marketing.

Only after you’ve satisfactorily established a baseline, should you proceed to the next step.

2. Decide where you want to go. Define your goals

“Would you tell me, please, which way I ought to go from here?” said Alice.

“That depends a good deal on where you want to get to,” said the Cat.

“I don’t much care where–” said Alice.

“Then it doesn’t matter which way you go,” said the Cat.

This exchange from Lewis Carrol’s classic ‘Alice in Wonderland’ explains to the ‘T’ the pitfalls of having no plan. Be a thought leader, create top-of-mind brand recall, widen your acquisition funnel, convert better, etc.

3Understand, no REALLY understand your target audience

You think you know who your customer is. You probably do, but it does not hurt to put that down in black and white. Besides, as a consulting business, you could be targeting multiple audiences. Each audience has their own unique fingerprints. To reach out to them and convert them to paying customers, you need to speak their language.

Dig into your customer data and build dedicated customer personas for each segment that your business caters to. A typical customer persona for clients of a consulting business should include

  • Demographic information – age, sex, marital status (trust me, it’s useful),
  • Psychographic information – areas of interest, pain points in their current business, solutions they currently use, media they consume, social networking patterns, media consumption patterns and frequency, political leanings,
  • Financial information – average income / turnover, marketing budgets, whether they’re in the red or doing well
  • Geographic information – contact details, city, country, places they travel to

4. Decide On The Best Tactics to Achieve Your Stated Goals

A. What Kind of Content to Create

Create useful, engaging and unique content based on your customer personas and your eventual goals. If you have multiple audience segments, tailor make your content for the tastes of each segment differently.

Hold off on the temptation to churn out average, run of the mill content just for the sake of putting up something new each day. Below par content is a turn off for readers and paints your business in a bad light. When it is a choice between quality and quantity, ALWAYS pick quality content.

Your content could be anything that is relevant to and valued by your audience – a free industry report, a ‘How to’ Guide, free email marketing templates, infographics, an e-book or even a regular blog post.

B. Where To Distribute This Content

Begin by posting your content on your own site or blog – after all; that is where you want to drive the traffic to. Check out third party blogs or news websites related to your industry and make guest posts there with link backs to your own site.

Distribute your unique and targeted content through channels that are apt for each customer persona. Use LinkedIn for your corporate user, try Twitter for the tech-savvy types, post on Pinterest if your audience is largely female and so on.

But don’t restrict yourself to online channels. If your users are found offline, go there. Write for trade magazines and journals, send out direct mailers to their homes or places of business, set up networking events where you can interact with them one on one.

C. Timing it right

There is no secret recipe for how often you can create and post content. In most cases, the more the merrier, but with a caveat. Avoid spamming your users with worthless content just to remain top of mind. Spend some time and design an editorial calendar that clearly specifies what content gets published where and on what date.

An editorial calendar can help you track the performance of your content, it can be used to repurpose and repost older content that was successful and to keep your content creation team on schedule always.

Some simple tactics you could consider beginning with are:

  1. Promote your consulting business on LinkedIn – create a LinkedIn company page, join relevant industry groups and contribute to them
  2. Participate in trade events and conferences to widen your network.
  3. Get speaker slots at industry events to build your reputation as a thought leader. Create videos of these presentations and share them on your blog, on Youtube or even LinkedIn.
  4. Reach out to your audience on email with share-worthy content. Create an email marketing plan where you reach out to your audience on a biweekly, weekly, fortnightly or monthly basis to educate, inform and convert them into paying customers.
  5. Create training videos in your business domain and post them on LinkedIn and YouTube. If you think creating quality videos is beyond your current bandwidth, outsource the process to professionals like Rhinoforce who do this day in, day out.

5Measure results and apply learning to improve your plan

The content that you create is designed to fulfill the goals that you spell out for your business at the very beginning. Check to see how far your content actually comes to meeting those goals and identify the areas where you can improve.

Measurement can be in the online or offline space, depending on your business structure and your content choices.

If you sent out direct mailers with coupon codes on them, you can track the effectiveness of this tactic by tracking the usage of your coupon codes.

To know the website traffic your content generates, use Google Analytics or any other analytics platform to track the spike in your visitor numbers on the days you post new content. Track these visitors and check how many convert and how many drop off. Identify where the drop offs occur and fix the problem. You can also track the sources from where your content attracted new visitors to help you tailor your new content to such sites in the future.

For example, your article on ‘Information Security Best Practices’ could attract a bunch of techie visitors to your site. However, if your content and business have nothing much to do with each other, they will drop away from your site never to return. This is a content marketing failure that comes to light when you analyze your site data. Once you find a problem, rectify it and carry on

6Rinse and repeat steps 1 through 5.

Rome was not built in a day, neither was any good content marketing program. With content marketing you are attempting to create brand authority, salience and loyalty for the long term. Unlike short term paid ads, the aim of content marketing is not to get a handful of customers right now, its job is to create a large and constantly growing funnel of leads that will convert to customers based on the trust that you build in their minds.

This takes time and patience. As time passes, your goals may change, your brand equity will grow and your audiences will demand newer and better things from you. The build it and forget it approach does not work here.

Keep your ear to the ground and recalibrate your content marketing machine regularly. Stay relevant, stay successful.

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