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Converged Media - Strategic Benefits and Key Success Factors



converged media

Marketing is built on the customer journey. Leading businesses understand this and focus on the customer journey across all touchpoints. Converged Media allows seamless marketing across multiple channels, such as social media. This report explains the strategic benefits and key success factors of converged media and reviews the available vendors. It's written for media and marketing professionals who wish to use social media to improve their brands and reach customers. It provides recommendations for successful media strategies and identifies best practices in converged media.

Paid, owned, and earned media

Content marketing plans must consider the convergence of earned, paid and owned media. While the concept of convergence is not new, marketers have been publishing findings on it for years. The ideal balance of these three marketing channels depends on your business, key performance indicators (KPIs), and deadlines. In this report, we'll take a look at the converged model and some of the best practices for its implementation.

Social media

There are many marketing channels that have emerged from the convergence of paid, earned and social media. These converged media channels are comprised of paid advertising, owned media like Facebook and Google+ Local, and earned media like word-of-mouth and buzz surrounding a brand. Converged media poses new marketing challenges but also presents many opportunities. Here are some tips to maximize your social media marketing efforts.

Digital radio

As digital platforms expand into multiple areas, radio broadcasters are facing a number of challenges. Radio broadcasters have new opportunities, as well as the challenges of communicating content and engaging an audience. New Zealand radio stations seek to establish themselves in the music entertainment industry by launching The Edge TV, and other streaming services. This will solidify The Edge's position at the top of New Zealand's music entertainment market.

Online radio

This concept of an Internet-based radio station perfectly fits into the current radio consumer culture. More listeners want full control over what they hear and instant access songs that match their mood or choice. Online radio stations continue to attract a lot of new listeners. In the coming years, online radio will likely continue to grow and evolve in an ever-changing media environment. It may even be argued that radio will become a completely new medium altogether.

Online video

Consumers are becoming more independent and empowered to produce and distribute content. Media convergence is a combination of technology and communication that has lowered barriers to entry. For example, through digitization, consumers have become the creators and producers of their own content. YouTube stars have set up distribution channels worldwide to reach their millions of viewers. While convergence has allowed for instantaneous changes and the birth new content types, consumers are now better served.




FAQ

Do you need a large budget to do content marketing?

It depends on your business size and stage. Many start-ups don't have the resources to invest in marketing. But once they grow, they realize that having a solid content marketing strategy will increase sales and improve customer engagement.

Working with a freelance writer and content marketing agency will allow you to access a wide variety of tools as well as expert knowledge. These professionals can help to identify potential problems within your company and guide you in the development of your content-marketing program.

A strong content marketing strategy will provide enough income to cover production costs, while also giving you the opportunity to invest in other areas within your business.


What is the best content marketing platform?

There are many options available today. Each platform has its own pros and cons. Here are some popular options:

  • WordPress - Easy to set up and manage. Fantastic community.
  • Wix – It's easier than WordPress to setup and maintain. It doesn't require any technical knowledge.
  • Squarespace is the best choice for those already having a site.
  • Blogger - Free blogging service.
  • Medium - A place for writers to share their work.
  • Instagram - An image-based platform.
  • LinkedIn – A networking tool.
  • Facebook - A social network.
  • YouTube - Video sharing platform.
  • Pinterest - Image-based platform.
  • Google Analytics - Track visitor behaviour.
  • Hubspot – Email marketing software.
  • MailChimp is an email marketing software.


What do I need to know about SEO in order to do Content Marketing? Yes!

SEO experts are experts in how search engines like Google rank pages. They can also identify the keywords you should target when optimizing pages.



Statistics

  • Measure your goals with a progress indicator of 0-100%. Make your goals collaborative and transparent (semrush.com)
  • In fact, would pay more for a better customer experience, and 86% of B2B buyers would pay more. (neilpatel.com)
  • This marketing strategy landed Ford a 15.4% conversion rate. (neilpatel.com)
  • An example of an overarching goal could be: "In 2022, we want to achieve a 20% increase in revenue created by organic content and generate 15,000 MQLs with a budget of $30,000." (semrush.com)
  • According to our research, brand awareness, attracting traffic, and generating leads remain the key content marketing goals in 2022. (semrush.com)
  • Seventy-two percent business to business (B2B) (mailchimp.com)
  • Out of the 1,500 marketers we surveyed for our State of Content Marketing report, 78% who felt their content marketing strategy was exceptionally effective in 2021 had documented their strategy. (semrush.com)
  • Content marketing produces 3X more leads per dollar spent. Content marketing costs 62% less than traditional marketing. (criteo.com)



External Links

copyblogger.com


hubspot.com


contentmarketinginstitute.com


hubspot.com


contentmarketinginstitute.com


blog.hubspot.com




How To

What is a Content Marketing Plan?

A content market plan (CMP), a strategic document, helps you identify your goals, objectives, strategies, and methods for building and executing your online presence. It's a blueprint for reaching your goals through content distribution and creation.

The CMP can be broken down into three areas:

  1. Your overall strategy - What are you looking to achieve?
  2. Your content strategy - Where will you find the right people to write, curate, and distribute your content?
  3. You'll need to decide which channels you will use to share your strategy. Which types of content can you create?

An effective CMP includes these four components:

  • Goal Setting – Define and measure your target audience.
  • Audience Research: Understand your ideal customers to know where you should look.
  • Strategy - Have a clear vision about where you want to go. You can then break it into smaller pieces.
  • Execution – Set realistic expectations about when you can expect to see results.




 

 



Converged Media - Strategic Benefits and Key Success Factors