Australian Spend on Content Marketing significant
Australian marketers look to create more content and expand tactics to attract their target audience — 72% of marketers use video as part of their content marketing strategy. Producing and distributing engaging content, and measuring the effectiveness of that content, are the top challenges faced by Australian marketers, according to a new study from the Content Marketing Institute, conducted in partnership with The Association for Data-driven Marketing and Advertising (ADMA) and sponsored by Brightcove (NASDAQ: BCOV).
The study outlined that more than half of Australian marketers employ content marketing strategies and place a high importance on being able to create more engaging, visual content and optimising content for their target audience.
The study also showed that 46% of marketers believe that ROI measurement was an immediate and important criteria to address, identifying a wide variety of parameters they believe are essential for ROI measurement. Australian marketers measure the effectiveness of a content marketing program through changes in website traffic (60%), higher conversion rates (46%), changes in their sales efforts (46%), shifts in SEO ranking (39%) and assessing the time their customers spent on site (38%).
Only around 30% of Australian marketers use quality sales leads and changes in subscriber growth as a measure of ROI, according to the study, while just 20% of marketers rated their organisation as successful at tracking ROI. A large group of marketers (22%) said they were not successful in measuring ROI or do not track ROI at all.
“What is interesting is that 83% of Australian marketers have a content marketing strategy but only 37% have their strategy documented,” said Joe Pulizzi, founder of the Content Marketing Institute and author of Epic Content Marketing. “Of the marketers who have a strategy, 40% say it guides their efforts very closely, whereas 56% say it guides efforts somewhat. These factors are critical for marketers. Marketers who document their strategy and follow it closely are more effective than those who do not.”
The study also showed that Australian marketers, on average, used a combination of 12 content marketing tactics to drive their marketing program, including video, blogs, social media (other than blogs), articles on the web, in-person events, and case studies. Video was ranked in the top 10 list of tactics, used by 72% of Australian marketers.
“Australian marketers are clearly keen on content marketing and video is playing a massive role in their pursuit of creating more engaging content,” said Mark Blair, Vice President of Australia and New Zealand at Brightcove. “The study also showed that 63% of marketers believe spend on content marketing will increase over the next 12 months. This is good for Brightcove as our expertise in video will help Australian marketers push their content marketing to greater heights.”
Other findings about Australian marketers from the report include:
50% believe producing engaging content is one of the biggest challenges they face. This is followed by lack of budget (48%), producing content consistently (46%) and measuring content effectiveness (44%)
91% want to understand better what content is effective between now and the next 12 months
67% plan to create more engaging content and gain a better understanding of their audience
55% plan to optimise content, get better at converting website visitors (60%) organise website content (65%), create visual content (61%) and measure content marketing ROI (46%).
67% want to immediately increase engagement levels of their content
16% spend at least half their budget on content marketing
63% believe their content marketing spend will increase or significantly increase over the next 12 months
46% want to work on content marketing ROI measurement immediately
86% want to work on creating more visual content in the near future
Content Marketing in Australia 2015: Benchmarks, Budgets, and Trends reports on the findings gathered from the third annual Australia report conducted by the Content Marketing Institute in partnership with the Association for Data-driven Marketing and Advertising (ADMA) about content marketing. The research was sponsored by Brightcove. 251 respondents who are for-profit marketers — both business-to-business (B2B) and business-to-consumer (B2C) — from Australian companies representing a full range of industries, functional areas and company sizes responded to the survey in July and August 2014. Download the full report today.