Content Marketing vs Product Marketing: What Is The Difference?
In this article, we will explore the relationship between content marketing and product marketing. We will discuss the similarities and differences between the two and provide some tips on leveraging each to benefit your business.
The Relationship Between Content Marketing and Product Marketing
Here’s where it gets interesting: Content marketing and product marketing have the same goal: to create value for customers. But while content marketing focuses on providing information (content) to potential clients, product marketing concentrates on giving customers something tangible as an incentive to buy. When done well, these two strategies complement each other nicely and ensure you achieve the best results possible.
Is the article too long to read? Below is a video summary of the full article.
Let’s look at some ways in which they overlap:
Content marketing creates and shares valuable free content to attract and convert a target audience. Product marketing, on the other hand, is the process of creating and sharing content that promotes a particular product or service.
Product marketing encompasses all the positioning and messaging needed to launch a product with the goal of ensuring that those selling it and the market it’s intended for understand it. Content marketing uses relevant, exciting content to attract an audience.
Both Content Marketing and Product Marketing Focus on Creating Value.
Many people think that content marketing and product management are completely contrasting functions. But, as I mentioned earlier, content marketing and product management have the same goal: to create value for the customer. Even though content marketing has become such a popular strategy over the last few years, most companies still misuse it. They spend too much time writing blog posts, creating infographics, and producing videos without considering who their audience is and what they want. This means they waste a lot of money and effort while not getting enough return on their investment. Instead, they should focus on identifying the needs and wants of their audience. After doing so, they can develop products and services that address those problems. The result? Higher conversion rates and happier customers!
Are Product Marketing and Content Marketing at Odds?
Yes! I think it’s safe to say that content marketing and product management are two sides of the same coin. The two are similar but different. One does not replace the other. A company’s product managers work closely with its writers to ensure that all written material aligns with the company’s vision, mission statement, and overall message. Similarly, for a brand to succeed, it needs to be consistently engaging and relevant. When there is a gap between a company’s product manager and the content creator, the result is inconsistent messaging and an unreliable brand.
Content Marketing Provides Valuable Information
It seems obvious, but you must know who you’re selling to if you want to sell anything. Yet, many businesses struggle to define their ideal customers because they get mixed signals from various sources. For example, you may see online reviews that mention certain features of your product, yet you also hear feedback from salespeople saying that your main competitors offer better quality and/or price. How do you sort through all that conflicting data to ensure you make the right decision?
Content Marketing
When most people think about content marketing, they think about traditional forms like articles, white papers, infographics, etc. These types of content work great, but they aren’t always the most efficient way to go if you want to sell something to your audience. For example, writing an article about your company’s new services doesn’t get anyone excited about purchasing those products. Instead, consider using content marketing to promote specific products instead of generic concepts. This goes back to the idea of offering value to your audience. If you write a good blog post about your product’s benefits or features, then you’ve provided them with something valuable and informative. In turn, they will become interested in buying your product.
Specifications and Features Can Be Part of Content Marketing
Understanding how to utilize content marketing best helps to know what makes content marketing so powerful. HubSpot states, “Content marketing is a strategy where marketers share valuable information with prospects and customers through various channels. It involves creating and distributing written, visual, audio, and interactive content across multiple platforms to attract, acquire, and retain new leads and customers.” As you can see, this definition includes some key details. First, content marketing doesn’t just refer to static content (i.e., blogs, white papers, and other general material). Second, content marketing is all about sharing information with others. This means the content shouldn’t be the only thing distinguishing one firm from another. Instead, it should include additional characteristics as well. This might include specifications, features, and helpful tips and tricks for potential customers.
If you think this sounds not easy, that’s because it is. However, once you start planning out which pieces of content you’ll produce, you’ll find that it becomes much easier to figure out exactly what kind of content works best for promoting your business. So, the process is identical whether you want to create high-quality blog posts or use videos on YouTube. The key is to produce content that appeals to your target audience. For example, if you want to sell software to small business owners, you might post short tutorials on how to install your software on a computer. Or if you’re targeting professionals who need to keep up with current trends, you could publish articles that feature case studies showing how these professionals used your software to improve their jobs. Regardless of what you focus on, every piece of content has its unique purpose.
If you’re unsure whether you have content marketing yet, then you do. Even though it may seem like nothing was ever created before now, the truth is that companies have been actively involved with content marketing since the dawn of time. Back then, merchants would handwrite advertisements and place them in physical newspapers and magazines. They would also spend money to create radio ads, TV commercials, and even billboards. In today’s digital age, however, we’re seeing the rise of content marketing. And while there’s still plenty of room for growth, it seems like there’s never been a better time to jump into content marketing.
How To Use Content Marketing to Generate Leads
You can use content marketing to drive business growth. According to Problogger, 71% of online marketers find it hard to measure the impact of their efforts. This means that to get results, you must rely on content marketing. If you want to generate leads, you need to ensure your content is optimized for search engines. Also, you should focus on optimizing the text and images within your content so that people can understand it. Lastly, I’d like to leave you with the following quote: “Content marketing isn’t enough anymore.” When was the last time you heard someone say this? Never. Which means something big is happening in today’s digital landscape. Businesses are realizing they need to integrate content and product marketing into their overall marketing strategy.
Product Marketing
The next thing you should know about content marketing is that it’s often used interchangeably with product management. Although it may appear unconventional, take a moment to ponder: similar to a brand manager and a marketer, a product manager is responsible for crafting products through extensive research and analysis. However, the difference between a product manager and a content marketer is that the former considers consumer behavior. So, rather than simply developing products according to their ideas, product managers will ask themselves, “What does my audience want?” Then, they will take steps to figure out how to give their users exactly what they want. You can benefit from having a content specialist to help you identify the best possible products for your business.
Once you’ve figured out which products you should focus on, you can assign separate roles to each of your team members. A sales representative could handle the initial outreach and promotional activities related to the selected products. Meanwhile, a writer would draft high-quality content that provides value to consumers. And a project manager would coordinate everything together. It sounds simple, right?
Below are some responsibilities for Product Managers:
- A product manager is responsible for determining consumers' wants and developing solutions to meet their needs.
- Product managers work closely with marketing teams to create strategies that align with the company’s goals.
- By creating effective campaigns, product managers contribute to the success of companies by increasing sales, improving brand awareness, and gaining loyal customers.
So, What Should You Do?
We have discussed how you can combine these two strategies to create excellent results. Here’s our advice: Start by identifying the type of content that works best for your business. MOZ is the best for finding very successful topics. From there, brainstorm product ideas that align with your content strategy. Remember that even if you’re only launching one product at a time, you still need to maintain a general content marketing strategy. Otherwise, you risk overloading yourself with too much additional work.
There Is No Silver Bullet: The Relationship Between Content Marketing and Product Marketing
Nowadays, most companies use both content marketing and product marketing to achieve success. In fact, according to HubSpot, 91% of B2B marketers have implemented content marketing strategies into their marketing mix. On the other hand, only 39% of B2C marketers have implemented content marketing techniques. But it doesn’t end here. Nowadays, most businesses are leveraging multiple channels to maximize the effectiveness of their campaigns. For example, while content marketing helps drive traffic to sites, social media platforms such as Facebook and Twitter are used to engage with customers and generate leads. Similarly, email marketing has become an essential tool for any modern marketer. By using email, you can inform your contacts of your brand’s latest news and encourage them to visit your website.
Product Management Focuses on Customer Needs and Wants.
To build successful products, you need to understand your audience first. You shouldn’t just think about what you want to offer but what your customers want. This doesn’t mean you should only create products based on what your employees would like. Instead, listen closely to the voices of your customers. Once you identify these needs and wants, you can build products around them. Think of this approach as product development instead of product creation. It gives your business a unique perspective than simply brainstorming ideas about what you might eventually release into the market. By focusing on your audience, you’ll find that you’ll discover things that your team hadn’t considered before.
A product manager is responsible for determining consumers' wants and developing solutions to meet their needs.
Product managers work closely with marketing teams to create strategies that align with the company’s goals. By creating effective campaigns, product managers contribute to the success of companies by increasing sales, improving brand awareness, and gaining loyal customers.
You May Be Missing Out on Some Great Opportunities!
But now that you know the basics behind content marketing and product management, you can finally begin to see the bigger picture. We hope you’ll agree that these two fields are intricately linked because they both focus on providing value to customers. Therefore, if you have some excellent products in mind, make sure you do thorough research before taking the plunge. Doing so will ensure that you produce quality content and increase your chances of making money.
You Could Use Some Help with Your Product Strategy
If you struggle to produce new products, consider asking your marketing agency for guidance. Or could you hire someone with expertise in product development to give you some inside knowledge? Either way, ensuring you’re doing everything possible to develop great products for your business is vital. That way, you can save money and ensure that your clients get the most out of your services. If you’d like to learn also, by contacting your contacts via phone calls and SMS messages, you can establish relationships with them, eventually leading to the acquisition of new clients and/or customers.
If You Want to Succeed with Content Marketing and Product Marketing
Start with these 4 Steps:
Understand Your Audience — Once you understand your target audience, it becomes easier to develop meaningful content that resonates with them. In addition, you can leverage data analytics to learn more about the people who make up your target audience. This way, you can create content addressing their needs and desires.
Create Value — When you create and publish valuable content, readers will naturally share it with others. And, once enough. Once you’ve determined which type of marketing (content marketing vs. product marketing) is best suited to your business model, you can plan how you want to use each of these tactics.
Get Feedback from Potential Buyers & Clients — The only way to truly know what works and doesn’t work regarding your product line is by talking to customers. They are the ones spending their hard-earned cash on your goods and services. So, take time to listen to what they have to say. Ask them questions and keep an open mind while making notes. Then try to determine why they chose to purchase your items. Did they find the quality of the product itself to be appealing? Was it the brand name? Were there any other reasons behind their decisions? If you don’t ask questions or pay attention to the answers given, all you’ll end up doing is guessing about what makes people buy from you instead of learning.
Communicate Consistently — Now that you’ve identified the types of communication channels that your target market uses most frequently, it’s time to start broadcasting your message. For example, if your target audience spends a lot of time on social media platforms such as Facebook or Snapchat, then post engaging content regularly on those sites. If mobile devices are a big part of your sales strategy, then focus on developing mobile apps for iOS and Android. Be creative with this step because no one will ever hear about your company if you fail to communicate consistently.
What’s the Difference Between Content Marketing vs Product Marketing?
The two are similar but different enough that it’s essential to understand the differences between them. For example, I would focus most of my efforts on product marketing if I were selling a new fitness program. That means ensuring the program works well, has features that customers will love, and is easy to use. On the other hand, if I was writing a blog post about how to lose weight, I might spend more time focusing on content marketing. This means providing valuable information that people will find helpful, whether about losing weight or anything else.
So How Do They Work Together?
The answer to this question lies in understanding where and how these two forms of marketing complement each other. Let’s start by looking at the similarities between the two. Both content marketing and product marketing involve creating high-quality information that supports your company’s objectives. It follows then that both should include an element of research and analysis to ensure that the information presented is accurate and current. Both content marketing and products have a goal (to increase sales) and focus on providing value to buyers (customers).
The critical difference between the two comes down to their respective roles. While content marketing focuses primarily on informing readers about your products and services (and educating them), product marketing aims to communicate what makes your product unique and desirable. Therefore, product messaging tends to occur through advertisements and other promotional materials. However, it must still follow specific rules and principles to connect with potential customers effectively.
How Can You Use This Knowledge to Your Advantage?
Now that you have learned the ins and outs of content marketing and product marketing, how exactly can you put this knowledge to effective use? First, you must understand that one without the other is useless. If you cannot provide your audience with helpful content, how will they listen to your advertisements and promotions? Likewise, if you cannot tell people about the benefits of your product, then how will they decide whether to buy it? So, while content marketing requires extensive research and development, product marketing relies primarily on trial and error.
That said, once you have determined which marketing type best suits your business model, you can plan your strategy.
Content Marketing and Product Marketing Both Focus on Building Trust.
According to Gartner Research, “Trust is the willingness to make decisions based on information shared by another party without knowing all the details themselves.” So, if you build trust with potential buyers or clients, you must earn it through effective communication. This means being transparent — sharing company data and pricing.
The Future of Marketing is Customer Experience.
Customers expect brands to deliver exceptional experiences across every touchpoint in today's digital age. This means that marketers must understand the needs of consumers at each stage of the buying cycle and provide them with personalized, seamless interactions. To achieve this, companies must invest in technologies like artificial intelligence (AI) and machine learning (ML), which will allow them to personalize customer journeys and anticipate consumer needs. They need to learn about the needs of different target market segments and create messages specifically designed for them. By doing so, they can engage with customers more deeply and help them make informed purchasing decisions.
The Future Is Personalization
Companies are already investing heavily in AI and ML platforms to meet this challenge. According to Forrester Research, “By 2020, 70% of Fortune 500 companies will be using AI, and 86% will be using AI to improve their customer experience.” These tools will enable businesses to optimize order processing, scheduling, and inventory management. They can also enhance marketing efforts by allowing customer service agents to gather relevant information about user behavior, leading to better recommendations and increased conversion rates.
Conclusion
So, as you can see, there are many similarities between content marketing and product marketing. Although the two fields do not overlap completely, businesses must consider them both when trying to grow their businesses. You must create high-quality content to inform people about your products, but that does not mean you can ignore promoting them. In an ideal scenario, combining these two strategies would lead to better results than alone.
Originally published at https://pprojectconsultants.com on April 18, 2022.