10 Steps to Formulate an Effective Content Marketing Strategy

Embarking on a road trip without fuel and a map would likely result in failure to reach the intended destination. Similarly, in order to achieve recognition, generate traffic, and secure leads through content marketing endeavors, it is imperative to acquire the skills necessary to formulate an effective content marketing strategy.

Every year, the Content Marketing Institute conducts surveys among content marketers to gain insights into their practices. The research consistently shows that having a documented strategy is often linked to achieving success in content marketing.

The reason behind this correlation is that a documented content marketing strategy equips you with the essential knowledge required to achieve desired outcomes. By having a comprehensive strategy in place, you are better positioned to drive tangible results.

What is the Significance of a Content Marketing Strategy?

  • A content marketing strategy refers to a formalized plan, comprising one or more documents, that outlines how an organization intends to captivate and engage its target audience through the use of content. 
  • This strategy typically involves analyzing the needs of customers and the type of information they seek while searching for solutions to problems that align with the organization’s offerings. 
  • It also entails defining business objectives and elucidating the role that content will play in supporting these goals. 
  • Furthermore, the strategy delineates the approach to content creation and distribution, considering the available resources.
  • The development of a content marketing strategy holds considerable importance for businesses involved in content production, as content itself represents a significant investment. 
  • Committing time and resources to the creation of assets that profoundly impact the perception of one’s business is a substantial undertaking.

By establishing clear goals and crafting content with purpose, these assets can yield long-term returns on investment. Conversely, haphazard content creation may result in negligible impact, leading to discouragement.

A content marketing strategy provides focus to the work at hand. Articulating the reasons behind content creation and its expected outcomes holds significant power. It grants insights necessary for research, planning, and the creation of exceptional content that motivates customers to take action.

Let’s commence the process of developing a content marketing strategy with the following 10 steps:

It’s important to note that developing a content marketing strategy is an iterative process rather than a linear one. Start by focusing on one or two key areas, create and promote content, track results, and make adjustments based on the lessons learned. 

1. Define Your Goals and Objectives:

  • Setting goals and objectives is the first stage in building a content marketing plan.
  • Goals should align with the overall business objectives and go beyond basic benefits like increased website traffic and brand recognition.
  • Consider the timeline and when you need results to develop an effective plan.
  • Create a document named “Content Marketing Strategy” to record goals, objectives, strategies, and tactics (GOST).
  • Begin by jotting down the mission, achievements so far, and high-level business goals for the upcoming year.
  • Objectives should be specific and explain how content will contribute to achieving the goals.
  • Example objectives could be increasing website traffic related to a training course by 50% and improving the conversion rate by 20%.

2. Understand Your Target Audience:

  • Before creating content, it is crucial to deeply understand your target audience.
  • Build buyer personas, which are research-based profiles that depict fictional target customers.
  • Gather information through customer data analysis, interviews with co-workers, sales calls, or customer surveys.
  • Buyer personas provide insights into customers’ daily lives, concerns, motivations, and their interactions with your products/services.
  • Develop a buyer’s journey document that maps the customer’s experience from identifying a need to engaging with your organization.
  • Understand your customers’ needs at each step of their journey to create content that addresses those needs.
  • Building buyer personas and understanding the buyer’s journey helps identify gaps in existing content and plan content that resonates with the target audience.

3. Perform a Competitive Analysis:

  • Conduct a competitive analysis to gain insights into your market competitors and companies competing for attention in search and social media.
  • Examine your market competitors’ websites, messaging, reviews, and offerings to identify their strengths, weaknesses, and market positioning.
  • Analyze the types of content they produce and identify their most successful content.
  • Utilize research tools to simplify the competitive analysis process and evaluate your competitors’ content performance on social media.
  • When ready to create content, spend about an hour reviewing the competition for the keywords you’re targeting.
  • Take note of their approach, information provided, content format, and other notable aspects.
  • Use the insights gained to create content that surpasses what your competitors offer.

4. Assessing Available Resources:

  • Before diving into content creation, it is crucial to evaluate the resources at your disposal. 
  • This involves considering whether you will be working alone or with a team, as well as determining the availability of funds for content promotion. 
  • Additionally, it is essential to assess if there is a budget to hire freelancers or invest in content marketing tools to expedite the work process.
  • Here are key roles and tasks involved in content development, which may be handled by one person or require assistance depending on the volume of content to be produced. 
  • Being honest about your capabilities allows you to set realistic expectations and devise a suitable strategy:

1. Content Marketing and/or SEO Strategist: If you are currently exploring content marketing strategy, you are essentially performing this role.

2. Content Marketing Management: This individual oversees the editorial calendar, assigns tasks, and ensures synchronization among team members.

3. Subject-Matter Experts (SMEs): SMEs possess specialized knowledge required for your content. They contribute their expertise to enhance its quality.

4. Writers and Editors: Professional-level writing is fundamental to any content marketing strategy, necessitating skilled writers and editors.

5. Image and Video Producers: Creating visually appealing content such as photos, infographics, and animations enhances engagement and comprehension.

6. Promotional Expertise: Effective promotion is crucial for maximizing the impact of your top-notch content. Allocating resources for promotion is vital.

7. Webmaster or Developer Support: Responsibility for website maintenance and implementing necessary changes lies with this role.

8. Tracking, Measurement, and Reporting: Having team members comfortable with analytics is essential to monitor and report on the success of your content.

5.Conducting Topic and Keyword Research:

  • When setting goals, it’s important to back them up with data-driven topic and keyword research. 
  • This involves analyzing search terms to identify relevant and achievable targets for ranking. 
  • Keyword research helps prioritize and shape content strategies. 
  • It’s an ongoing process that challenges assumptions and refines plans. 
  • By focusing on specific, less competitive terms related to our offerings, we can better address our target audience’s needs. 
  • Thorough research on each topic informs content creation, allowing us to outrank competitors by providing comprehensive and relevant information.

6. Document Your Strategies and Tactics:

  • After completing your research, it’s time to finalize your strategy. Open your “Content Marketing Strategy” document from step 1 and review your goals and objectives. 
  • Make any necessary adjustments based on your findings and outline the specific strategies and tactics to achieve your objectives.
  • Strategies are your action plans for reaching your objectives. 
  • Suppose your objective is to increase the number of companies enrolling in sales training by twofold, and you aim to enhance website traffic specifically focused on sales training by 50%. In this case, one potential strategy is as follows:
  • Strategy: Augment organic search traffic for sales negotiation and value-based selling training courses.

Now let’s move on to tactics. Tactics are the specific actions that support your strategies. In this case, your tactics could include:

1. Conduct further research to identify relevant long-tail keywords for sales negotiation and value-based selling, focusing on keywords that resonate with your target market. Prioritize keywords based on your website’s strength and potential to rank.

2. Create SEO-optimized content that extensively covers the target keywords.

3. Promote the new content through social media channels.

4. Explore opportunities to repurpose the content into other formats, such as YouTube videos or slide decks, to expand your reach and maximize return on investment.

7. Inventory and Audit Your Existing Content

  • As part of the content marketing strategy, conducting a content inventory and audit is crucial. 
  • This involves a quick technical audit to address foundational issues and a deeper audit to review existing content for potential refreshment or repurposing. 
  • Tools like Screaming Frog and Google Analytics can be utilized to export and organize website pages by topic, facilitating the identification of valuable pieces. 
  • Remember, content auditing is an ongoing process, similar to topic and keyword research.

8. Build an Editorial Calendar:

  • Once you have identified the content you want to produce or update, it is important to develop an editorial calendar, also known as a “content calendar.” 
  • This tool allows you to communicate your publishing schedule and assign responsibilities.
  • For a minimal publishing frequency, a simple spreadsheet can suffice. 
  • Each piece of content is listed on a separate row, with assigned authors and any relevant details. 
  • However, if you have a more demanding schedule or multiple contributors, a more advanced tool may be necessary. 
  • Choosing the right tool is crucial for maximizing efficiency and productivity when managing your editorial calendar.

9. Create and Promote Your Content:

  • Implementing your content marketing strategy involves creating and promoting various types of content, such as blog posts, product pages, case studies, eBooks, social media posts, and email campaigns. 
  • Regardless of the content type, here are important tips to consider:

1. Stay goal-focused: Align each piece of content with your overall objectives and include a clear call-to-action that supports your goals.

2. Prioritize quality: Emphasize readability and accuracy by investing time in thorough editing and proofreading. Publishing less content of high quality is preferable to low-quality content that hinders progress.

3. Be original: Stand out from the competition by approaching topics from unique angles, offering fresh perspectives, or incorporating original visuals. Unleash your creativity for greater impact.

4. Promote extensively: Once your content is ready, promote it vigorously. Share it on social media, send it to your subscribers, and reach out to relevant individuals or connections who may find it valuable.

5. Continuously learn: Content marketing is an ongoing learning process. Each piece of content presents an opportunity to deepen research, gain insights, and refine your strategy. Maintain an ideas file to capture concepts for future use.

Remember, successful content marketing involves creating purposeful, high-quality content, promoting it effectively, and constantly evolving through continuous learning.

10. Track Your Results and Make Adjustments:

  • An individual analyzing Google Analytics data.
  • The specific metrics you select to monitor will be contingent upon the objectives you have established for your content creation efforts. 
  • For instance, if your focus is on generating SEO-optimized blog posts, there are various aspects that you may track, including:

1. Traffic Generation:

  •    Assess the volume of traffic directed to your website by each blog post.
  •    Identify the sources of this traffic (e.g., organic search, social media, referral links).

2. Search Performance:

  •    Evaluate the effectiveness of each blog post in search results.
  •    Analyze the keywords that each post ranks for.
  •    Determine your search engine ranking position for relevant keywords.
  •    Measure the ratio of clicks to impressions for each post.

3. User Engagement:

  • Monitor user behavior after consuming your content.
  • Determine whether users tend to exit or explore additional content on your website.
  • Track the conversion rate of users signing up for your newsletter or taking desired actions.

By diligently tracking these metrics and assessing their implications, you can gain valuable insights to optimize your content strategy and make necessary adjustments to achieve your objectives.

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