For most B2B selling companies, content strategy is developed and executed at the functional or even tactic level. These strategies naturally focus on the requirements and audiences of each function. Few companies have a universal, business level content strategy.
The functions we’re talking about engage some version of the company’s “customers,” with messages and content that are of a marketing and selling nature. This creates new requirements that are driven by self-educating audiences, digital content and online channels.
We believe lack of an effective, business level content strategy lowers optimization of top business objectives:
- New customer acquisition and organic revenue growth
- Sales, marketing and channel productivity, for lower selling costs
- Acquiring data about customers and buyers to feed predictive analytics and data-driven decision making
- Delivering a consistent, exceptional customer experience.
Indeed, we see significant opportunity for companies that develop business level content strategy to create breakthrough results in terms of: content quality, relevance and engagement; delivery times and availability, much lower marginal content costs, as well as overall improvements to competitive advantage and customer experience.
The first competency organizations must develop we call Understand Audiences (Buyers). When our clients apply this framework, the results they experience help them appreciate the important factors that were missing from their content strategy. This post provides a high level overview and introduction to key elements of the this first framework.
Consider the many groups across your business, and their audiences, for whom content is important. We refer to these as “content constituents.”
Content Constituents and Segments
The starting point for business level content strategy is to list each constituency. We suggest meeting with them to identify their primary audiences and sub-segments.
The primary use case requirements for each function and audience segment should be discussed and documented. Use Case Requirement definition is the third competency in our framework. This work must be conducted at each functional level.
Business level content strategy reviews functional requirements to determine opportunities for content synergy, content priorities, and investment decisions.
When the list of all customer engaging constituents, audiences and personas is aggregated it often produces surprises, and usually identification of overlooked or under-served requirements.
Ideal Customer Profile
Each group should define and document the profile of their most important audience segments. This is similar to the critical selling tool, ideal customer profile. If you don’t have an ideal customer profile documented for your target buyers, do this immediately. Lack of a documented ideal customer profile is an indication of low maturity, or lack of process discipline in this work.
Despite all the discussion and activity around personas, we often find them weak resources to inform both an effective content strategy and quality content.
It’s important to appreciate that templates that instruct “what to do” do not equate to effective, “how to do it” execution. We find people often know what to do, but lack the competency and discipline to execute effectively.
An example and symptom is when personas are developed exclusively by internal people. Even worse, when they are developed exclusively by external consultants. We have found the best results require an experienced external facilitator, with good frameworks and process. This resource represents the audience or buyer perspective. They must challenge internal biases that naturally arise.
Since this is such an important requirement I’ll provide a few examples of categories we often find missing or inadequately built out in Personas we evaluate:
Beliefs — what are the key beliefs each persona holds that relate to the business problems you address, urgency factors related to those problems, solution options available to them, and decision process/criteria (among others). Beliefs are a primary decision driver.
Value Model — how does each persona define value, for their role, as well as personal tendencies.
How to Capture Attention — this includes identifying problem symptoms and triggering events that would be evident for each persona. It also includes language that will resonate.
Data to Collect — what data do you want to collect about each persona that will help you better understand them, improve your strategy, and better target your content and engagement methods?
When you aggregate the lists from sales, the sales channel, business partners, marketing and customer service, you will see commonality of requirements across all constituent groups.
The implications of each siloed function independently trying to develop and execute content strategies should be clear after completing just this first phase of this first competency.
Business Problems and Causes
Document the business problems your products, services or solutions address.
Developing methods to measure the impact of problems on business, functional and persona performance and outcomes is usually completely missing from content strategies we see.
The CEB Challenger Customer work does an excellent job highlighting the importance of helping prospects quantify the cost of their status quo, relative to those business problems. Most organizations focus on the gain customers will realize after buying their solution. CEB explains why helping buyers quantify the cost of status quo is important.
Despite the rhetoric and general awareness of the “buyer journey’s,” this is usually another weak input to content strategy.
There are many culprits here. Using generic buying stages is a way to get started quickly, but it really should be research based to provide the best insights. Either way, the details at each stage must be relevant to your specific buyers. These details include buyer: information requirements, activities, questions, decision criteria and decisions.
Too often the people doing this work don’t have the right experience, access to buyers, or research resources. Even the sales organization usually isn’t helpful here. They desperately need a better understanding of how buyers buy.
For complex, considered, or value sales (not transactional), many buyers may lack a formal buying process. B2B sellers have to “create opportunities” in as many as 90% of their prospects. By definition, there is no formal buying decision process to start!
Even as buying teams move into an active buying process, functional buyers may never have purchased anything like what you are providing. Buyers may not even know internal, standard purchasing requirements.
We recommend shifting language and thinking about the B2B buying process from a “journey,” to a “decision process.” Start by defining your buyer’s “problem-solving decision scenarios” that your products and services address.
Calling this a buying decision process naturally raises two helpful requirements:
- You must identify the decisions buyers must make at each stage of the process.
- To make decisions, buyers need answers to key questions.
In short, buyers buy when all of their primary buying questions and interim decisions are adequately addressed.
Everything you do should align to your buyer’s decision process. For example, a primary “job of content” is to address buyer questions. Also, by identifying stage based activities and questions, marketing and sales people have a way to locate prospects in their decision process.
In The Context Of Audience / Buyer Options
Audiences and buyers have options. How have you documented and assessed those options for input to your content strategy?
Buyer options result in additional questions and decisions that must be addressed. This is especially important for the options “remain with status quo,” or “fix with internal or less expensive approaches.”
Leading companies consider and treat content as a product. Content is the first product your customers “acquire” through their engagement process. They should use your content throughout the entire “customer lifecycle.”
- What is your competitive strategy for positioning your content?
- What are your competitors creating?
- How will you avoid investing in and creating undifferentiated, “me three” content?
- What content will you curate rather than create?
- Remember, competitors are not just direct competitors, but anyone who is producing content that competes with yours.
The same considerations apply to the functional capabilities of direct competitors. If competitors feature strong or unique capabilities, your conversations, messages and content must address this challenge. If they are missing capabilities you have, you want to focus heavily to exploit those capabilities.
How To Execute
Just like the business budgeting process, this work must be conducted on two levels.
Universal and foundational assessments that apply to most functional groups should be developed first, as a business level, strategic initiative. Examples include: buyer business problems, decision process, value models, competitive assessment, and many elements from the other five strategy frameworks. Think of this as building out the “core foundation” for all content and customer engagement activities.
Then, universal foundations can be leveraged at each functional level. Functional and tactic groups can identify differences or additional elements that they require.
Content strategy should be a continuous and evolving process. A common framework, and strong foundation focuses each function on capturing and documenting incremental, changing and deeper insights.
Without a comprehensive framework, good execution processes, and professional external facilitation, internal biases inherently weaken the final results.
Your content strategy will inform and direct your investments and activities in marketing and sales, as well as for content development. It will impact marketing and selling performance and efficiency.
This means your content strategy will have a material impact on new customer acquisition, revenue growth, and selling costs. The question is, will that impact be positive or negative?
A lot is at stake. Given the business results that depend on this critical foundation, it makes sense to have your content strategy audited by external professionals, on an annual basis.