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Why Content Marketing Is Crucial to Your Business The competition among firms is getting stiffer, but content marketing will help you stay ahead of the rest.

By Bhavik Sarkhedi

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

Marketing has grown from traditional banners and posters to modern posts and blogs. Digitization has brought with it unique marketing methods and opportunities for businesses to capitalize on. With every passing day, the competition among firms is getting stiffer and what separates them is the returns they are getting from the marketing efforts.

You've probably wondered how companies stay ahead and convert prospective customers into actual customers. The answer is content marketing. As a concept, content marketing means using original and engaging content to convey the quality of your products and services. Traditionally, marketing has been about pushing the customers to use a certain product. Content marketing pulls the customer instead. Here are several reasons content marketing is crucial to your business.

Content is king

When every business is producing advertising products, the customer's choice of buying narrows through the content with which the product is being marketed. Forms of content can be video, textual, image-based, or other means, but one original piece of content can be used to sell your services on multiple platforms and spaces.

When a user clicks on your ad and reaches your website or product page, there has to be something to keep them hooked and engaged, and the only way to achieve that is through content. When you market yourself with engaging content, there are bound to be positive results. It can link all your digital marketing elements and lead to a better integration by allowing you to use the created content for emails, blogs, social media, etc.

Related: How to Create a Winning Content-Marketing Strategy in 2021

The power of SEO

Search engine optimization (SEO) has become the most significant feature of online marketing. Google and Bing use several algorithms to rank websites on SERPs (search engine result pages). Among the factors that help companies rank well on SERPs is quality content. Google, for example, intensely crawls through your website to determine the kind of user queries that should be diverted to your website. Unless your content is qualitative and to the point, you won't find your website in the search results.

Website content with the right keywords and other strings will attract more traffic than those lacking in these aspects. You have to ensure that the information and other details on your website are up-to-date because search engines have algorithms that reward the latest updated content and punish obsolete ones. Content marketing combined with SEO also provides you the scope to attend to a more extensive consumer base. Make creative and informational blogs a part of your website to give it a bigger chance of growing online. Such content helps expand the reach of your business.

Related: 7 Reasons Why SEO Matters for Every Startup

Content yields a high ROI

Content never gets old because there is always an audience for it. Whatever the investment in it, the return you seek is the purchase of your goods or services. But content marketing does far more than that. It can attract customers, bring investments and build brand image, among other material things.

Moreover, one significant feature of using content to market is that it carries the potential to multiply itself. Imagine you created a qualitative promotional video for your website. You can upload it to social media, embed it in blog posts, create articles out of it, convert it into a podcast, use it for email marketing, etc. Content can be repurposed to increase its life. Conversions become more accessible when the content is regularly updated with relevant information. Your sales and online presence are bound to increase if you utilize the concept of content marketing efficiently.

Consumer demand and trust at an affordable price

People have become more aware and advanced in their approach to making purchasing decisions. It's necessary to have great content on your website to help prospective consumers connect and engage with your company. You can use content marketing to shape customers' opinions and promote your values, mission, and evolution as a company.

Studies have shown that the cost of content marketing is, on average, about 62 percent less than outbound marketing and that it generates more leads than other forms of product promotion. It's very helpful for small businesses that often suffer from a budget crunch, and established companies use content marketing as well to realize the same fundamental benefits.

There are two different ways to create content for your business. One is to do it on your own by hiring professionals to staff your company, and the second is to hire an outside content-creating agency to craft the best content for your business. The former might take a tad more time to produce results than the latter but may cost you less in the long run. In either case, to be effective it is necessary to first identify your target audience and then try to formulate answers to the questions they might have.

Once those steps are completed, the next step is to find a creative way to integrate the solutions in one place. It should be engaging, informative, and exciting for the audience or your prospective leads. In the end, content marketing is cost-effective and more efficient in yielding results than traditional forms of marketing. With some patience and a lot of hard work, your business can reach successful heights through this effective and affordable promotion tool.

Related: How Content Creation and Content Curation Should Work Together

Bhavik Sarkhedi

CEO of Write Right, Estorytellers, Taletel, Bloggism and Kalam Kagaz

Bhavik Sarkhedi is the CEO and founder of content-writing agency Write Right, which serves personalized content to over 1,500 clients across the globe. He is also the founder of Estorytellers, Taletel, Bloggism and KalamKagaz.  He has penned seven books on content writing, personal branding and digital marketing, including How to Start Your Own Content Writing Agency and How to Become A Digital Marketing Consultant.

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