A variety of companies – both B2B and B2C – have adopted content marketing in recent years, with many of them experiencing a great deal of success. It takes skill and dedication, but content marketing has a history of delivering a strong return on investment (check out my previous blog for examples). However, technology supplier Nokia is trying to fast track their results by shifting their content marketing efforts into hyper-speed.
To accomplish this, Nokia is paying Wired magazine (a popular magazine that reports on how emerging technologies affect culture, politics, and the economy) to create an editorial style website called “MakeTechHuman” that aims to start a conversation about where technology is taking humanity. Pretty heavy stuff, huh? Print ads, events, and an onslaught of online articles will be utilized throughout the year-long campaign, costing the company millions. But will it all be worth it? The campaign is set to kick off following an invite-only dinner at the TED conference in Vancouver.
So we’ll have to wait and see if this type of “hyper-drive-conent-marketing” is effective or not. In the meantime, there are a few factors that may influence the results:
Factors working in their favour:
- Despite the fact that their brand image is tied to an older technology (remember how many people had Nokia cell phones in the 90s?), the company has been going strong for 150 years. They don’t even sell phones any longer! Recently, they’ve made most of their profits in B2B selling equipment to telecomm giants Verizon and Sprint.
- If the content is perceived as valuable by their target audience, it will drive prospects through the funnel – leading to increased revenue.
- Partnering with Wired provides Nokia with credibility in the technology industry, since the magazine company is an established thought leader with a large tech and business audience.
- Business giants General Electric (GE) and American Express have achieved great success with their content-marketing hubs, with GE getting 30% extra value for every dollar spent.
Factors working against them:
- You can’t build credibility overnight. It takes time to earn the trust of readers – months of distributing quality content designed to provide genuine value to the target audience. Articles will be labeled as “sponsor content”, which tells the reader that the article has an agenda other than simply sharing information – it was created to generate revenue.
- The last site that a company in the tech industry sponsored was Verizon’s SugarString, and the online community shut them out. After facing intense backlash and ridicule in regards to their publishing, Verizon shut down the site within two months of its launch.
- It’s still unclear why a B2B company will be spending seven-figures over the next year on attracting the consumer community (B2C).
- Nokia will need to define and articulate what they do and why people should care, because that message is not being clearly communicated.
At the end of the day, this is a marketing campaign that is expected to drive results. Nokia is walking a thin line, and I’m interested to see the results of this campaign. What are your thoughts?