Branded content is STILL a big player in the future of advertising … even during a pandemic
Let’s get this out of the way.
“These are unprecedented times … we’re all in this together … as we transition to the new normal …”
We have all heard these phrases used by marketers in an effort to bring us together during the COVID-19 pandemic. And even though these phrases started as a way to build a community around a shared experience, at this point, they have become more of a punchline.
Now that the shock of the past two months is starting to lift and it is time to start looking for marketing solutions for our advertisers, we need to focus on building a message that will help our clients tell their stories and begin actively creating effective communication points for local businesses.
But how do we help?
And when is the right time to communicate?
During times of crisis, it is crucial that advertising messages are authentic and showcase how businesses can help their customers, solve their problems, partner with them through the tough times. Branded content solutions check these boxes and position brands in the best possible light during the darkest hours. The best path forward during uncertainty is to look to the experts.
We discovered three facts that prove branded content will be the solution for many local businesses looking to inform, educate, and engage … and the right time is now.
Back in mid-March, before the world changed for all of us, Jared Merves from Wundervue and I presented to the crowd at Borrell Miami, the opportunities that were growing with branded content. The growth was significant. In fact, it was looking like the significance was heading towards $412 billion by 2021.
And just back in February, Technavio reported that the global content marketing market was expected to grow by $269.24 billion during 2020-2024, mostly due to increased use of social media.
But what about in our current coronavirus-focused world?
FACT 1 – Content sponsorships and content adjacencies are expected to grow.
According to IAB, local news organizations are creating unique offerings to help advertisers position themselves and their brands with content opportunities. These types of opportunities are perfectly matched with content marketing messages and are an enormous opportunity for local media organizations to build the right content options for advertisers who need to position themselves around, inside, and as a partner with quality content.
FACT 2 – Cause and mission-based advertising will rise.
Cause marketing platforms were an excellent and recommended strategy before COVID-19, and the benefits of launching a cause or mission-driven initiative have only been amplified by the current crisis.
During that same Miami meetings, we stressed the importance of building products that focus on how business help their communities, support the people in their cities, and focus on what is important to local businesses outside of selling goods and services.
We featured two solutions for auto dealers. These examples highlight the effectiveness of storytelling through video but also show a completely different strategy that embraces cause and mission-focused communication.
EXAMPLE 1 –
FWD>DFW is a forum for connection to critical issues impacting the Dallas-Fort Worth area (DFW) — and how people and businesses can make a difference. At its core, it is a cause-marketing platform of The Dallas Morning News used to share the impact and stories of other companies’ cause-marketing initiatives.
It’s about how to move FWD — together.
This platform uses the power of The Dallas Morning News to make a difference with the best tools they have: storytelling, audience, and relationships.
FWD>DFW started with four founding partners, providing content that educates, informs, and impacts North Texas. Today, they have 10 annual partners, an ongoing Facebook Live video series, and their audience continues to grow across the community and beyond.
FWD>DFW provides a customized, multi-year cause-related marketing (CRM) campaign for leading brands to leverage their corporate social responsibility (CSR) platforms across DFW through the power of The Dallas Morning News, dallasnews.com and the greater digital marketplace.
We asked the team why other organizations should consider building a cause marketing initiative. The reason?
“The message behind a brand is more important now than ever, with 90 percent of consumers saying that they want companies to tell them how they are supporting causes and making a difference,” said Rachel Watkins, senior marketing manager for Belo + Company. “Consumers expect businesses to invest in their community and beyond, making civically minded and socially responsible companies the ideal partners for branded content.”