Content marketing ROI is notoriously hard to measure.
That’s doubly true for B2B startups selling high-ticket products or services that require customization and signoff from multiple people. Organic traffic is not necessarily a proxy for success because 1) you’re likely selling to a limited audience, so sales isn’t really a numbers game; and 2) customers can’t make a purchase simply by visiting your site.
But content marketing is valuable to these brands. If you clicked this headline, you probably know that. So how can you make the case for content to your CEO or CFO?
In this piece, I’ll lay out key data points that illustrate the value of content marketing, whether you’re advocating to keep, grow, or launch a program.
B2B startups are selling to businesses, but they’re also selling to humans. That is, the people within those businesses who make purchase recommendations and buying decisions are flesh-and-blood humans (for now).
Gartner set out to understand how these regular old humans go about shopping for business solutions and discovered that they do exactly what you’d expect:
In other words: they consume a bunch of content. Then they get together with colleagues and compare notes.
Eventually, they talk to salespeople. But guess what? Gartner found that business buyers are already 83 percent of the way through their buying process when those sales conversations happen.
How far is 83 percent? Far. If they were driving from Towson, MD, to New Bedford, MA, to see their grandparents, they would invite the salesperson into the car to consult about the route around the Rhode Island state line (see Figure 1).
Figure 1: At the 83% point on a journey, you have limited input on where someone will end up.
Sure, maybe a persuasive salesperson could convince a buyer to end up in Hartford, CT, at that point. But they’ll never have the sway they’d have at the start to point the car in a meaningfully different direction.
But content does.
Because during that first 83 percent of the journey, what business buyers are interacting with – the thing that’s guiding them and helping them make up their mind – is content.
So what does it take for a piece of content to get a business buyer heading toward your solution? So glad you asked.
Given what Gartner discovered about how B2B buyers shop for solutions, it should be no surprise that 54 percent of decision makers (and just under half of C-suite execs) spend more than an hour per week reading thought leadership.
Even more important, given our current economic moment: 55 percent of decision-makers consider thought leadership essential from firms that are selling something not deemed “mission critical.”
Related: The Thought Leader’s Edge: Securing Venture Capital in a Tight Market
Let’s be honest with ourselves, though: not all “thought leadership” is good. And bad thought leadership (like what ChaptGPT and its ilk churn out) actually harms a startup’s chances of winning over clients.
So what does thought leadership content need to do to sway sales decisions? At least these five things:
The TL;DR here: whatever messages your salespeople want to convey should be in your content marketing materials so potential buyers start considering them at the beginning of their buying journey.
I mentioned at the top that organic traffic isn’t always a useful metric for B2B content. Neither is conversion (meaning, in most B2B settings, a site visitor providing their contact information).
A friend and former client of Propllr’s, Chris Rechtsteiner, who leads marketing teams at enterprise technology companies, is adamant about this. “Blogs don’t convert like product pages,” he said during a conversation last spring. “But they’re still valuable.”
He went a step further, validating a trend we’ve seen again and again on client websites: even when blog content does drive a lot of traffic (typically evergreen, highly technical, or tactical content rather than thought leadership), that traffic rarely “converts” in the traditional digital marketing sense (i.e., to MQLs).
So what's a content marketer angling for budget to do? Use this grid to set expectations about how different types of content can support the larger marketing mission:
Content type |
Performance metric |
How to Measure |
How it helps |
Highly technical or tactical blog content |
Site traffic |
Software (Google Analytics, SEM Rush, CMS-native measures, etc.) |
|
Evergreen guides that solve customer pain points |
Site traffic, site engagement (e.g., multiple page views) |
Software (GA, etc.) |
|
Thought leadership |
Utilization:
|
Manual models (conversations with sales and PR teams) + software for social measurement |
|
It’s easy to miss the value of thought leadership content if you’re looking for evidence of its performance in software that can only track classic digital marketing metrics.
If you’re fighting an uphill battle for budget, your best weapon is collaboration with other departments. Work with your sales colleagues to identify what kind of content to write, find out how they’re using it, and assess its impact.
Work with the PR folks to find out what would be most helpful to power pitches and validate claims that company leaders are also thought leaders. Work with the social team to understand what's performing well and how you can create a feedback loop between content and social.
And if all of those “teams” are you, then let us know if we can help!