In the heyday of traditional marketing, attracting and retaining customers was an intimidating task for local business owners to accomplish, especially when the inflated budgets of larger businesses made it difficult to compete. Today, there are many different avenues for business owners to interact with consumers, and social media makes it easier than ever for business owners to reach potential customers through strategic tactics like content marketing.
Content marketing, also referred to as inbound marketing, involves the creation and distribution of relevant content that provides value to your business’s target audience. Content marketing can be shared with consumers in numerous forms: infographics, ebooks, white papers, case studies, how-to guides, etc. The main purpose of content marketing is to offer consumers value by presenting a solution to their needs, thus influencing the buying cycle.
Content marketing and the buying cycle
The main difference between traditional marketing methods and content marketing tactics is how each strategy affects the buying cycle for consumers.
The benefits of pull vs. push in marketing
Traditional push marketing methods like flyers, billboards or commercials seek to influence the comparison and purchase stages of the buying cycle by promoting or offering incentives that make a product or service seem superior to alternative solutions. Content marketing, or pull tactics, aim to increase consumer awareness and provide helpful information about the product or service your business offers as a solution. The beauty of content marketing is that it may lead consumers to recognize a problem or need in their lives that they would have otherwise been unaware of. This will draw them into your business when they are ready to buy, rather than knocking on doors or cold calling to try and convince someone to buy something from you now. Utilizing content marketing tactics in your business’s strategy also introduces several benefits, many of which are long lasting.