Image by Brandon Conboy
Now that you know why it’s harder for brands to land news coverage that converts, I’ll explain how that adds value to content marketing investments—specifically, case studies.
There are several reasons why content marketing has always been a great investment. If nothing else, every dollar spent results in an asset produced, which unfortunately is not the case for our hardworking PR friends. They’ll agree that changes across the media landscape have amplified the ROI of brand journalism in recent years. Having worked in each of these arenas, I only see that return continuing to grow. I feel that way particularly about case studies. Here’s why:
Case studies have higher engagement rates. People love stories. We’ve loved them since the inception of language. And we really love stories to which we can relate. We consume case studies much like we do news articles, but unlike opening to some random story in a magazine, we’ve arrived at a case study because we were already on the path to it. People who are reading a case study didn’t happen upon it, they had somewhat directed themselves to it. This means they start with a significantly higher level of engagement, which translates to much higher conversions rates. If you choose to gate your content (releasing it in exchange for an email contact), you’ve just doubled your lead generation power (#1: adding to your sales team’s contact list, #2: converting with effective content).
Case studies are a lower-maintenance investment. Brand-generated assets like case studies offer businesses a unique advantage over news articles, namely via narrative control. If your PR team lands a pitch with a top-tier reporter, the prepping is intense; there’s much to do over what to say, what not to say, and practicing deflection and non-answers to potentially damaging questions. After a story runs, you may feel like it didn’t explain the product accurately, or it didn’t put your company in the great light you’d hoped for. It will live on the internet forever and there’s not much you can do about that. But with case studies, you decide where the focus is. You direct the story, you control the language, you can align it with key messaging.
Case studies can be multiplied. Unlike the one-and-done customer story you may get into a newspaper’s business section, case studies can regenerate—they can be repurposed for other forms of content or can be replicated to reach different customers. For example, a brand can take one product or service within its arsenal and create multiple case studies for it. For example, a cloud feature that helps hospitals better treat patients can also help truck part manufacturers save money. In this way, you can not only reach different niche audiences with the same story focus, but you can strategically adjust them to meet potential customers at different points in the sales funnel. The broader your case study portfolio, the more you have to multiply, from inclusion in ebooks to slides in your conference presentation deck. Or even—dare we dream—as customer references you can give to an interested journalist.
Case studies are socially confirming. Case studies can increase sales by 185 percent—in part due to the fact that case studies give people what they need to trust a business. 93 percent of customers read online reviews before purchasing a product, and a study by the Wharton School of Business at University of Pennsylvania showed that customers earned through referrals have an 18 percent lower churn rate. After 3 years, there’s an 82 percent chance they’ll still be your customers. In your personal life, if you had to select one house cleaning service to hire, you’re far more likely to go with the one your colleague has used and approved over an unknown service, right? Especially if they provide a real-life scenario (“Green Cleaners did a great job of turning my post-holiday disaster of a house into a sparkling home, and even took all my gift wrap to the recycle bin.”) Case studies provide that powerful, much needed social validation. At its core, a well written case study isn’t that much different from a passionately written, exuberant, I-finally-found-my-forever-hairstylist Yelp review.
Speaking of referrals, might I recommend 2A?
There are a million content agencies out there, but I took my love of quality storytelling and relatable content to only one of them: 2A. Our cadre of creatives come to work every day ready to produce the kind of captivating content that clients love and audiences remember—which I bet goes a lot further than following up with that uninterested journalist for the fifth time.