(This post first appeared on Marketing Profs Daily Fix on 11.25.09.)
There’s a lot of talk about thought leadership marketing these days, and not a lot of agreement on exactly what it is. At the Bloom Group we define it as “Publishing informative material on a complex issue to position a company as an expert in its field.” Not because it’s catchy, obviously, but because research shows that’s what business readers want. A 2007 survey for instance, found that nearly three quarters of readers search for white papers to help them solve a current problem and they most value those with educational content that helps them do that.
There is a lot of advice on how to write white papers, but it rarely addresses the creation of the core idea, which is generally presumed to exist. But advice like “Break up the gray space with diagrams” isn’t going to help much if the recommendations are unconvincing, or have already been made elsewhere.
The available advice for developing thought leadership concepts rarely addresses the business reader’s need for a solution to an immediate, complex problem. A typical suggestion is “Begin by creating a big picture idea with relevance to many. Look outward, not inward.” Curious, when there isn’t any research to indicate that business readers particularly value an idea about a big picture. If you look at the most popular IT white paper downloads, for instance, you’ll see that they are almost invariably practical, and not necessarily expansive. A white paper on the application of Business Intelligence in Financial Services is an example. The topic is specialized and the audience isn’t broad, but it explains to executives a complex and relevant issue and how to profit from it. It still gets many downloads 18 months after it was published and it positions the author as an expert, which—from the marketers’ perspective—is the point.
Anyone capable of creating a “big picture idea with relevance to many” out of thin air should seriously consider giving up real work and sell rarified concepts for high prices instead. The rest of us need a process. The one we use has five steps for creating compelling content, all of which go before writing a report or article.
The power in thought leadership marketing comes from the point of view, not the pen. Unfortunately, too many companies regard thought leadership initiatives as writing assignments, producing well-written, but lightweight copy.
Does your company’s thought leadership fall into this category? If so, can you fix it?
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