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In a Content Marketing Institute (CMI) post titled "Are Inbound Marketing and Content Marketing Still Different in 2021?" Robert Rose shared a definition for content marketing.



Note: Read Robert's post because it's quite good - I'm going to focus on a small element of the post.

Here is CMI's long-held definition of content marketing:

"A strategic marketing approach of creating and distributing valuable, relevant, and consistent content to attract and acquire a clearly defined audience – with the objective of driving profitable customer action."

I've seen this definition before and agreed with it.

Reading it recently, though, my eyes fixated on one word: profitable.

Must all content marketing have the objective of driving profitable customer action?

To me, "profit" is a financial term.

It's what's left over after you subtract costs from sales. It's a dollar amount that can also be expressed as a percentage.

For most businesses, marketing that doesn't generate a profit will be marketing that gets cut by the CEO or CFO. So generating a profit is a valid and necessary goal.

But what about non-profit organizations?

They need income to sustain, but their charter, by definition, is NOT to generate a profit.

Can non-profit organizations practice content marketing?

I think they can.

Let's consider other scenarios that are not profit-oriented.

1) An organization that seeks to change the world 🌏

Fight climate change. End world hunger. Eliminate certain infectious diseases.

If your mission is to change the world, then that's what you focus on. Profit is good, but really, changing the world is what you're after.

2) A business entering a new market

Amazon's retail business was highly unprofitable (i.e., by design) 📉 for many years.

I don't know that Amazon did much in the way of content marketing, but if they did, it wasn't to generate profitable customer action.

It would have been to drive awareness, brand consideration and plain old sales (profits be damned).

So maybe profit isn't the be-all end-all. Could this tweak work better:

"A strategic marketing approach of creating and distributing valuable, relevant, and consistent content to attract and acquire a clearly defined audience – with the objective of driving meaningful action."

"Meaningful action" could describe an organization's desire to change the world.

I acknowledge, though, that the definition just got a lot more broad. 

"Profit" is easy to understand. "Meaningful" is so broad that it could be meaningless.

That being said, let me know what you think! Thanks!

-Dennis.

Around the Corner
Unsubscribe rate

You can’t unsubscribe from an email without opening it first.

Therefore, I propose that unsubscribe rate be calculated as the number of unsubscribes divided by opens (not deliveries).

I tweeted the idea here.

I was working with data and accidentally divided unsubscribes by opens. The rate was 20%. I said "Yikes!"

You see, if we divide by opens, then unsubscribes will get the attention they deserve.

Karen Hopper (see "Twitter Corner") threw a slight wrench into my proposal (see Karen's tweet).
Next Meetup
An Exploration of CMI and MarketingProfs' Annual B2B Content Marketing Research

Presenter: Lisa Murton Beets, Research Director, Content Marketing Institute.

Content Marketing Institute (CMI) and MarketingProfs recently published their 12th annual "B2B Content Marketing Benchmarks, Budgets, and Trends" report, sponsored by ON24.

In this talk, Lisa Murton Beets shares top findings and takeaways from this year's research.

Lisa will also answer YOUR questions about the research and what the future holds for B2B content marketing.

Date:
December 1, 2021, 12 to 1pm PT

RSVP:
https://www.meetup.com/Bay-Area-Content-Marketing/events/281509677/

Note: Thanks to our sponsors, Hushly, TalendToTheWeb and Treasure Data.
Twitter Corner
In each newsletter, I recommend a Twitter user to follow.
 
This week, I recommend Karen Hopper (@nochillfilter). 



Karen lives in D.C. and works at Razorfish.

I met Karen at Content Marketing World in Cleveland this year.

I knew we'd get along when I saw Karen tweet about brewery recommendations

Check out Karen's personal website, where the tagline is "small data can lead to big ideas, if you know where to look."
Corner AI
In a post titled "Inside Mailchimp’s push to bring AI to content marketing," Ben Dickson writes about Content Optimizer from Mailchimp:

"A new product that uses artificial intelligence to help improve the performance of email marketing campaigns."



It's a fascinating look at how the feature came to be.

It involves an acquisition, a solution for feeding data into machine learning models and more.

Read the TechTalks article.
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