Content, Even When its Meaning is Twisted Out of Context, is Still King!

Content Marketing must be
mastered to sell your
books/writings

I read Greg Satell, a contributor to Forbes magazine, often enough - due mainly to his often less-than-mainstream approach to his subject matter. He is an interesting writer I enjoy. 

I agree with his outlook sometimes and disagree sometimes.

Tonight's post deals with the subject of 'content' and why I believe it's the main ingredient in successful writing and publishing no matter what the genre, niche, format or mission of the particular written word (print or digital) actually is. 

Whether the purpose of your writing is to advertise (to sell), to entertain, to teach, to research, to inform or to inspire --- the creative writing you use to accomplish your desired mission (the creative content) is the only determining factor in its success or failure.

Is content king? You bet it is. Always has been. Always will be.

Now, in my research source article tonight, written by Greg Satell in Forbes, I disagree with his disparaging and definition of the term 'content'. In my opinion, he is simply splitting semantic hairs and blurring words that are more commonly used by some present day publishers from different business fields/backgrounds than he is used to in the traditional publishing industry  --- Terms/phrases such as 'content strategy'.

Key excerpts:

His title "Why Content Marketing Fails" is inaccurate. If done right, the opposite is true.

"The reason is that content isn’t really king.  Content is crap.  Nobody walks out of a great movie and says, “Wow!  What great content.” 
  - Here he is confusing a niche type word that could mean the same thing as 'story' or 'storyline' in common speak. 

"In a famous essay written in 1996, Bill Gates declared that content is king.  He presciently foresaw that faster connection speeds would make content the “killer app” of the Internet, creating a “marketplace of experiences, ideas and products.” - Yet unfortunately, Gates mistook the transaction for the product.  While his vision of the future was correct and he moved quickly to create and acquire valuable content assets, he largely failed.  Today, almost 20 years later, Microsoft MSFT -1.54% has no significant content business."   - Bill Gates was not in the content business, per se, but in the content delivery and discovery business through software and other technologies. 

Now, here is Greg Satell from Forbes magazine:

Why Content Marketing Fails

In a famous essay written in 1996, Bill Gates declared that content is king.  He presciently foresaw that faster connection speeds would make content the “killer app” of the Internet, creating a “marketplace of experiences, ideas and products.”

Yet unfortunately, Gates mistook the transaction for the product.  While his vision of the future was correct and he moved quickly to create and acquire valuable content assets, he largely failed.  Today, almost 20 years later, Microsoft MSFT -1.54% has no significant content business.

The reason is that content isn’t really king.  Content is crap.  Nobody walks out of a great movie and says, “Wow!  What great content.”  Nobody who produces meaningful artistic expression thinks of themselves as content producers either.  So the first step to becoming a successful publisher is to start treating creative work with the respect it deserves.

A Mission Is Not A Transaction

Henry Luce was not a fan of mainstream media.  He saw it as made up of dry and dull daily newspapers on the one hand and sensational tabloids on the other.  He wanted to create a new breed of product—informal and concise—which would prepare people to discuss the issues of the day.  Time magazine succeeded beyond his dreams.

Later, much like Gates, he presciently saw that photography would change publishing forever.  In his prospectus for Life magazine he wrote:

To see life; to see the world; to eyewitness great events; to watch the faces of the poor and the gestures of the proud; to see strange things—machines, armies, multitudes, shadows in the jungle and on the moon; to see man’s work—his paintings, towers and discoveries; to see things thousands of miles away, things hidden behind walls and within rooms, things dangerous to come to; the women that men love and many children; to see and take pleasure in seeing; to see and be amazed; to see and be instructed;

Thus to see, and to be shown, is now the will and new expectancy of half mankind

To see, and to show, is the mission now undertaken by a new kind of publication, THE SHOW-BOOK OF THE WORLD

Luce is arguably the most successful publisher the world has ever seen.  Time, Life andFortune became not just magazines, but icons.  Later, People and Sports Illustratedcreated—and dominated—new categories as well.  Even today, Time Inc. is the largest publisher on the planet.

The contrast between Gates and Luce is stark.  Gates, while he insightfully described the forces that would shape the new “marketplace of ideas,” expressed no special opinion about it, except that he thought people should pay for content.  Luce, on the other hand, saw not just an opportunity or a task, but a mission.

Continue reading the full article here

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So Which Is It...Custom Publishing or Content Marketing?

The subject of this post is really a trick question...Simply because custom publishing and content marketing can be the same thing.

'Says Joe Pulizzi, founder of content marketing specialists Junta42: “We decided to go with ‘content marketing’ because brands didn’t get it—they automatically thought book publishing or print. The idea is that marketers need to be publishers today. When you talk to a brand, they get it right away.”'

The golden nugget in all things publishing has, is and always will be "King Content"...I've drilled this fact into many posts and other presentations. Success will be predicated on how we can mold, massage and present content...for whatever purpose.

FOLIO magazine presents these details by Matt Kinsman and Tony Silber:

The Content Marketing Revolution
How is content marketing a different business for publishers?

Each year the publishing world seems to become enamored with a new strategy that will redefine the industry. In 2011, that’s marketing services. Last month, Penton Media bought Washington, DC-based EyeTraffic Media, an online marketing firm, and in April is expected to announce a company-wide shift toward marketing services.

“If you look at Outsell, they say 60 percent of a marketer’s internal spend is going to their Web site and that it’s the biggest pain point,” says Penton senior vice president of marketing services Kim Paulsen. “We want to help companies do a much better job of utilizing their Web sites with great content and understanding social media. Companies all say they need a Facebook page or a Twitter feed, but they’re not sure what to do with it.”

Under the umbrella of marketing services comes “content marketing,” which really isn’t much different from custom publishing, it just sounds sexier (and more dotcom-friendly). “If you look at branded and custom content, it’s all the same,” says Joe Pulizzi, founder of content marketing specialists Junta42. “We decided to go with ‘content marketing’ because brands didn’t get it—they automatically thought book publishing or print. The idea is that marketers need to be publishers today. When you talk to a brand, they get it right away.”

Three big factors are driving the content marketing boom—brands’ focus on social media, search engine optimization and lead generation. “You need unique content for any of those three to work well,” says Pulizzi.

WATT Publishing is seeing dollars go to three particular areas online: ROI Integrated Marketing Programs (“After three long years of evangelizing measuring programs, we’re seeing traction,” says director of e-strategy and marketing Jeff Miller); virtual events; and custom programs/content creative that includes social networking and video. “We are providing a variety of new services including ‘ghost blogging’ and producing content intended to boost SEO,” says Miller.

A New Business Model

But while publishers may have offered successful custom publishing services in the past, content marketing as a business can be radically different from traditional publishing, from the client relationship to pricing and sales cycles.

Read and learn more

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The Economics of Content Marketing and Custom Publishing

The new growth business in the online publishing industry is a new strategy (perhaps just a revamped strategy) called 'marketing services'

New marketing services businesses, such as Outsell (and soon Penton Media), offer an array of flexible services to help publishers and commercial information providers identify and grow markets and revenue.

Custom marketing means something totally different in modern publishing than it did in traditional publishing (TP) and that's why TP people still don't get the importance of the newer business model concepts that can grow online money with lower margins than existed under the old TP models.

I just love reading about and understanding (when possible) the inside numbers and strategies that make a business (especially the publishing biz) go (or fail). I admit, upfront, that I'm no expert in this territory; but Matt Kinsman, managing editor of FOLIO magazine, has a lot of answers with this post in FOLIO:

The Content Marketing Revolution
Content marketing is hot but how does it compare as a business?

Each year the publishing world seems to become enamored with a new strategy that will redefine the industry. In 2011, that's marketing services. Last month, Penton Media bought Washington, DC-based EyeTraffic Media, an online marketing firm, and in April is expected to announce a company-wide shift toward marketing services.

"If you look at Outsell, they say 60 percent of a marketer's internal spend is going to their Web site and that it's the biggest pain point," says Penton senior vice president of marketing services Kim Paulsen. "We want to help companies do a much better job of utilizing their Web sites with great content and understanding social media. Companies all say they need a Facebook page or a Twitter feed, but they're not sure what to do with it."

Under the umbrella of marketing services comes "content marketing," which really isn't much different from custom publishing, it just sounds sexier (and more dotcom-friendly). "If you look at branded and custom content, it's all the same," says Joe Pulizzi, founder of content marketing specialists Junta42. "We decided to go with ‘content marketing' because brands didn't get 'custom publishing'---they automatically thought book publishing or print. The idea is that marketers need to be publishers today. When you talk to a brand now, they get it right away."

While print still dominates the custom market ($24 billion was spent on print production and distribution in 2010, compared to $3.6 billion spent on other forms of content according to a new report from the Custom Content Council and ContentWise), three big factors are driving the content marketing boom today--social media, search engine optimization and lead generation. "You need unique content for any of those three to work well," says Pulizzi.

Read and learn more