6 New Facts Why Buyers Prefer White Papers In 2009 Intro by Jim Bloedau

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    6 New Facts Why Buyers Prefer White Papers In 2009 Intro by Jim Bloedau - Presentation Transcript

    1. Six New Facts About Buyers Preferences For White Papers In 2009 Buyers have clearly stated their 56% of marketers plan to increase content marketing preference for educational content spending either slightly or significantly. that aggregates and economically Chart: Most Downloaded Media Types presents facts and analysis to help Fact 2. Search Then White Papers! them make better decisions during 82% of IT buyers always use search engines to the buy cycle. The greater the research a problem. Newsletters, magazine, associations are the least informative value to the customer, effective sources for buyers. the stronger the differentiation, Chart: Most Effective Sources of Data mind share and relationship gained Fact 3. Buyers Are Looking For Information, Not A by the information provider is the Pitch! new rule. In response, “content is Up to 90% of executives find white papers moderately the new marketing” is the mantra of or extremely helpful. wise marketers who are investing in White papers are the strongest influencers. efficient educational documents. Chart: Top Three Reasons Vendor Content Is Dismissed By Buyers. Fact 4. Buyers Prefer Text The only white paper of its kind, this Buyers are 3X more likely to review information early briefing aggregates the latest data in the buy cycle. on trends and best practices to build Third party analyst remains the most influential dialogue. buy cycle relationships with Table: Buy Cycle Phase/Content Type Alignment information products. Fact 5. Double Sales with Relevant White Papers Vendor-neutral and independent reviews are most This report includes: favored. Facts Are Stubborn Things Sales almost cut in half by content lacking relevancy. 18% CAGR in online interactive media through 2013 Fact 6. Viral Nature of Quality Content Chart: Top Two Marketing Pressures Chart: A white paper is the leading reason for readers Chart: Biggest Media Time Wasters to register for “gated” material. 37% to 67% of readers frequently or very frequently Fact 1. Demand for Custom Content Intensifies forward white papers. 29% of global market executives plan budget increases this year. FREE USE OF THIS WHITE PAPER Home | Contact Us© 2009 Information Advantage Group retains all rights to the use and distribution of this document. This confidential and proprietary information must be held in strict confidence and not disclosed to any other parties without expressly written permission of the authors.
    2. Six New Facts About Buyers Preferences for White Papers The following is the introductory section of this report. Please go to the FREE tab on our website to retrieve the full report. Also, please feel free to post this report on your site or blogs - see the next page for permission. Many thanks. Facts Are Stubborn Things Have you noticed lately how Buyers want sellers to 31% of marketers discussions about what buyers want give them ammunition have planned to during their purchasing cycles has that can help sell increase content become more about educational upstream to marketing spending information then events and significantly in 2009 - management! advertising? White papers are the top source for information among Across all verticals, programs that lead buyers of with whitepapers that deliver high technology. educational value are gaining strong traction during these austere times. This traction is dependent on the content being highly relevant, accurate, complete and time-efficient. The intent is to capture a buyer’s attention early in the buy cycle to start building lasting credibility and trust - a stark departure from past advertising assumptions founded on the premise that reach and cost serves as a proxy for efficacious relationship building. As a result, a rather dramatic shift of marketing dollars toward white papers and reports is one of the growth items in 2009 marketing budgets. 1 Increasingly, money spent on traditional advertising, such as collaterals, brochures and events is being heavily cannibalized by an 18% CAGR in online interactive media expected to last through 2013. This trend in spending is focused on highly informative content driven by a couple of major dynamics effecting buyer preferences. 2 Back To TOC 2 of 20 Home | Contact Us © 2009 Information Advantage Group retains all rights to the use and distribution of this document. This confidential and proprietary information must be held in strict confidence and not disclosed to any other parties without expressly written permission of the authors.
    3. Six New Facts About Buyers Preferences for White Papers First, the discussion around the publisher-controlled model being disrupted by the emerging user-controlled model has taught us that Web 2.0 technology requires collaboration and participation in order to enable success--it also adds tasks to our already crowded list of tasks. Blogs, podcasts, video and social networks are the newer entry points encountered when we begin to search for information on needed products or services. We conclude as we move further down this path that relevance, structure, accuracy and completeness are frequently lacking in a rising sea of fragmented facts and opinion. Because so little of this “cyber-clutter” is organized, experienced professionals – as the data in this report shows - find it is best to be temperate toward Web 2.0 for many of these access points are considered the biggest time wasters when searching for answers during the buy cycle. 3 4 Secondly, it is estimated that a person living in a city can see up to 5,000 ad messages a day. 5 Add this to the flood of fragmented and unstructured content coming from the Web and most people are agreeing that this excess has taught us to discriminate toward the highly relevant, share it with colleagues within our communities and tune the rest out at an alarming pace. Again, buyers of information technology have clearly stated that they also have to do more with less and favor educational content that aggregates facts and analysis because of the efficiency and, if they are lucky, implied objectivity A February 2009 IBM that vendor neutral documents offer. study of US and other Back To TOC industrial countries advertisers saw segments as: 65% of the Back-to-basics – quality and economy for the buyer. overall population are 24 years and older; own or There is no question that making smart initial investments in use three or fewer multi- quality educational documents and then using a combination of media devices on a traditional and Web 2.0 tools to let the buyer know about them is regular basis; are least delivering leads, restarting stalled buying cycles; cultivating high- likely to participate in value customers and prospects, and quickly shifting market or mind innovative types of share. 6 This realignment toward quality is being driven by time- media consumption; and starved prospects and buyers demanding greater economies in how is considered the “cash they collect and use content—it pivots around buyers favorably cow. answering “yes” to: source 3 of 20 Home | Contact Us © 2009 Information Advantage Group retains all rights to the use and distribution of this document. This confidential and proprietary information must be held in strict confidence and not disclosed to any other parties without expressly written permission of the authors.
    4. Six New Facts About Buyers Preferences for White Papers  Can I count on this content as being objective, complete and relevant?  Does it lift the buying committee’s overall knowledge and meet our unique buy-cycle needs?  Is it good enough for me to pass on to my colleagues? Finally, it is incredibly easy for any of us to collect information. However, to filter, extract and structure information within a specific context and offer a meaningful perspective for B2B buyers demands broad industry and niche expertise, which is considerably more difficult. Those who do this are a valuable knowledge asset up and down the channel. This value is an expression of a company’s commitment to be of meaningful service to the buyer first and by default a chief influencer of the community – the most important product and the one least vulnerable to substitution. Back To TOC You have just read the introductory section of this report. Please go to FREE Resources to retrieve the full report. "Six New Facts Why Buyers Prefer White Papers" by Jim Bloedau is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License.Permissions beyond the scope of this license may be available at www.iagllc.biz. 4 of 20 Home | Contact Us © 2009 Information Advantage Group retains all rights to the use and distribution of this document. This confidential and proprietary information must be held in strict confidence and not disclosed to any other parties without expressly written permission of the authors.
    5. Six New Facts About Buyers Preferences for White Papers References Back To TOC 1 (2009, January 13). Custom And Social Media Look To Be Strong This Year. BtoBonline.com Retrieved 1-09 from: http://www.btobonline.com/apps/pbcs.dll/article?AID=/20090113/MEDIABUSINESS/901129951/1117/FREE&template=printart 2 Loechner, J. (2009, March 17), Accelerated Shift to Digital Media Platforms Predicted. Media Post. Retrieved 3-09 from: http://www.mediapost.com/publications/?fa=Articles.showArticle&art_aid=102154 3 Chui, M. (2009, February). Six ways to make Web 2.0 work. McKinsey & Co. Retrieved 2-09 from: http://www.mckinseyquarterly.com/Business_Technology/Application_Management/Six_ways_to_make_Web_20_work_2294 4 (2008, December 18). Technology Vendors May Be Losing Close To 50% Of Their Potential Sales Due To Inadequate Online Information. IDG. Retrieved 1-09 from: http://www.idgknowledgehub.com/research/ 5 Chui, M. (2009, February). Six ways to make Web 2.0 work. McKinsey & Co. Retrieved 2-09 from: http://www.mckinseyquarterly.com/Business_Technology/Application_Management/Six_ways_to_make_Web_20_work_2294 6 Loechner, J. (2009, January 15). Back To Basics For Marketers. Media Post. Retrieved 11-09 from: http://www.mediapost.com/publications/?fa=Articles.showArticle&art_aid=98129 5 of 20 Home | Contact Us © 2009 Information Advantage Group retains all rights to the use and distribution of this document. This confidential and proprietary information must be held in strict confidence and not disclosed to any other parties without expressly written permission of the authors.
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