5 Ways to Get Results with Digital Content Asset Management

Content, whether in a physical or digital form is an asset in the world of agile content marketing.

Over the last decade of my career I have specialized in the processes, best practices, and methodologies for managing physical and digital technology assets in the form of hardware and software for clients in the Fortune 500.

These processes and practices insured adequate tracking and control to adhere to the strict and audited requirements of a variety of regulatory agencies as well as to measure and manage the total cost of ownership and the return on the investment of their asset portfolios.

Today, I use those skills and expertise to help business owners and entrepreneurs grow and manage the digital content asset portfolios supporting their social media brand, engagement, and marketing strategies using these same methodologies employed by large global organizations.

A successful content asset management program requires a level of sophistication that includes capturing a variety of data about the content.

Below are FIVE WAYS to get results:

1.  Categorize Content

Successful social media marketing programs include content in the categories listed in the below image.

 
In order to slice and dice data for analysis – it is important to capture several elements about the content. This includes content purpose, topic, tone, colors, elements, target demographic, parent campaigns, etc. Without adequate information about the content asset itself – it will be difficult to determine what elements of the content were the drivers that created the results. Additionally, the methods used to determine the categorization variables should be documented and consistent.

2.  Track Performance by Digital Media Platform
Once you have the types of content categorized across the various digital media platforms (Text, Audio, Images, and Video) begin tracking performance. Use specific numeric indices by social media platform. The number of LIKES, SHAREs, OPT-Ins, etc. combined with specific distribution timeframe parameters to gauge impact.

3.   Perform Type and Timing Experiments
 
Never assume that the first test is best. Perform content type and distribution timing experiments to confirm, validate, and improve content impact – ultimately improving the return on the investment. Change only one variable in the test at a time and measure results for a statistically significant amount of time in order to insure a consistent and reliable result.



4.   Continuously Improve

The cost of the content development, distribution, and management must be controlled in order to reduce the total cost of ownership of the content asset itself. The performance of the content will help offset the cost of ownership when it results in conversions and revenue generation. However, what works today, may not work tomorrow, so it’s a process of continuously monitoring and improving the content asset itself, the time, media type and distribution method.


5.  Manage the Lifecycle of Content Asset Portfolio

Content must be acquired or developed, inventoried, managed, distributed, updated, and archived. Organizations should implement the processes and procedures necessary to effectively manage the lifecycle of their content assets to get best results. This allows for the development of a cost and performance baseline that can be measured so that an accurate cost of customer acquisition can be determined.

Responsible and successful businesses implement the necessary measures to deliver results to the bottom line. The content in which you are investing time, money, and resources to develop are assets.

How are you managing your content asset portfolio?

Top 3 Challenges of Social Media Content Marketing

The world gets smaller as connectivity and collaboration grow larger.

People have the ability to engage and interact with one another like never before in the history of mankind. 

'One-to-One', 'One-to-Many', 'Many to Many' in real-time. 

This always on global marketplace brings with it, its own set of challenges. 

Challenge #1.  All people are unique. 

Each one has a lock with a unique key to open their minds or their hearts or when it comes to buying, their wallets.

Any sales professional will tell you that the key to winning business is in developing an authentic relationship with the prospect and the key to keeping business is maintaining and growing a relationship with the customer.  People tend to tolerate product or service short-comings when working with a trusted "friend" much more readily than they would when working with someone to whom they felt no emotional connection.

The initial business to consumer, business to business one-way content distribution models introduced into the social media marketplace are no longer effective. As a result, social engagement and interaction models are evolving to meet the needs of this diverse audience of unique individuals.

Challenge #2.  Content reigns supreme.

The internet opens the doors of online businesses 24-hours a day to hungry consumers of content, content, and more content.

Because everyone absorbs information differently (and with a global marketplace - use varying native languages) the content is desirable in all forms: written, audio, images, video and more and more, live interaction and social engagement. 

Businesses and the individuals supporting them can quickly become a slave to content development in order to feed the insatiable appetite of their ever growing audiences. 

That's only half the problem. 

Once the content is developed - businesses must insure that the consumers of that content know that it is "hot" off the proverbial stove and implement consistent and effective processes to distribute and manage it. The content has no value unless it is consumed and all the efforts of those so diligently developing it are wasted.

Challenge #3.  Time is a finite resource.

There are only 24-hours in each day.  Time is the most valuable resource and it cannot be purchased.  Successful and profitable organizations must implement efficient processes and systems for content development, distribution and social engagement that include automation, predictive timing, reporting, analysis, management, and continuous improvement.  Those organizations that do not have the resources in house to allocate the necessary time are reaching out to experts to fill in the gaps.  The time challenge shifts to managing the various resources performing the activities on behalf of the organization and ensuring that the measurable expected results are being delivered.

What is your greatest social media content marketing challenge?