Editorâs note: Brandon Carter is a marketing manager at Outbrain, a content discovery platform on a mission to help readers find the most interesting content online. Follow him on Twitter at @sleepchant.
Itâs been nearly impossible to consume any kind of media in the last few weeks without hearing about Netflixâs new original series âHouse of Cards.â With a massive budget and 13 episodes that were released simultaneously to enable binge viewing, the David Fincher-directed series has everyone talking about what it means for the future of the TV industry.
What hasnât been discussed is what this move means for content marketers. Yes, you read that correctly. Netflixâs strategy has some important lessons for the content marketing industry. As a company with plenty to lose and an all-too-recent history of spoiling its goodwill with a once fiercely loyal subscriber base, Netflix has plenty on the line. And it all begins with how successful they are at engaging their customers.
Aim High
Hulu, Amazon, Vudu and iTunes may be streaming rivals to Netflix, but television titans HBO and Showtime are the established leaders in subscription-based premium content and Netflixâs ultimate targets. In order to compete, Netflix has to develop and sustain the kind of experience worthy of âthe golden age of television,â which the aforementioned networks are leading in. Judging by the overwhelmingly positive response to âHouse of Cards,â Netflix aced the exam.
You are competing with the biggest platforms in digital â" the Facebooks and Twitters of the world.
If you produce content, either as a brand or publisher, youâre not just competing with similarly positioned players for eyeballs. You are competing with the biggest platforms in digital â" the Facebooks and Twitters of the world.
Look to the companies consistently producing great content and use that as inspiration. Use your unique voice and expertise to tell great stories in appealing packages â" whether you produce videos, photos, editorial, blogs or long form content. Itâs tempting to cut corners and skimp on quality in the chase for eyeballs, especially if youâre new to content marketing, but sabotaging yourself early with less-than-stellar content can reduce internal buy-in and stamp out support for your content-marketing plan.
Adapt With The Audience
Netflix is acutely aware of its subscribersâ binge-viewing behavior and elected to honor it with the release of all 13 episodes of âHouse of Cardsâ at once. Engaging your audience in the manner they like to be engaged is a smart long-term strategy, even at the expense of short-term gains.
As you consider new ways of distributing your content â" the oft-overlooked âmarketingâ side of the content marketing equation â" make sure itâs native to consumer habits. There are a number of working examples to consider, from native advertising to content discovery platforms. If your target audience is reading articles on a publisher site, engage them with your own articles. If theyâre looking at a Facebook feed, engage them with a sponsored post. In each instance the audience is interacting with your content in the context of their normal habits.
Engagement Matters
Netflix could easily have created a great show and then followed the linear programming model of releasing one episode each week. Surely this would have incentivized longer subscriptions (for those signing up for the one-month trial just to check out the show) and inspired week-to-week buzz.
Instead, Netflix made it extremely easy for users to watch more âHouse of Cardsâ while they were already in content-consumption mode. Making all 13 chapters available is one thing, enabling auto-play after each one is another (if youâre like me, you the next chapter started automatically while you debated whether to stop for the evening). If Netflix is only marginally interested in the short-term gains âHouse of Cardsâ could provide â" namely, a lift in new subscriptions â" itâs because theyâre cultivating a far more valuable asset: a hyper-engaged audience.
Such an audience is less likely to relinquish their subscription after having a great experience, even if they intended to quit at the end of a one-month trial. Theyâre also more likely to evangelize and rave to their friends.
Marketers pay heed: audiences hyper-engaged with your content can provide ample opportunity to convert them to loyal customers and, ultimately, brand ambassadors further down the sales funnel.
Track And Optimize
In many ways, âHouse of Cardsâ may be a test to see just how engaged the Netflix audience is. As their content offering grows and more subscribers come to their platform, their insight will deepen and they may yet find an optimal solution to deliver their content.
Tracking audience engagement is crucial to figuring out whatâs working and what isnât.
Itâs taken shows like âBreaking Badâ and âFriday Night Lightsâ years of linear programming, great reviews and word-of-mouth to reach wider audiences. It wasnât until they were made available on streaming providers like Netflix that audiences really started flocking to them. Waiting for âHouse of Cardsâ to become another legacy show on Netflix might very well have robbed Netflix of the deeper insight they were after. Is the binge-viewing phenomenon the result of months and years of hype, or can a quality new show made to order enjoy equally great results? Netflixâs reluctance to release the numbers on how many people watch âHouse of Cardsâ indicates a willingness to wait and find out.
Tracking audience engagement is crucial to figuring out whatâs working and what isnât so you can optimize your strategy. Set benchmarks that cohere with your goals. Is your goal to increase brand awareness? Deliver a bigger audience for advertisers? Get people to use your app? To use a baseball metaphor, you donât have to hit a home run every time if you can string together some singles.
The new model that Netflix has introduced to the market is not unlike content marketing in its infancy. The same debate over engagement, revenue and ROI should all sound familiar. The fact is, it takes time and learning to develop successful new strategies for growing digital media, but if youâre going to start, put your best foot forward. With âHouse of Cards,â Netflix has done just that.
Netflix is the worldâs leading Internet television network with more than 33 million members in 40 countries enjoying more than one billion hours of TV shows and movies per month, including Netflix original series. For one low monthly price, Netflix members can watch as much as they want, anytime, anywhere, on nearly any Internet-connected screen. Members can play, pause and resume watching, all without commercials or commitments. Learn more about how Netflix (NASDAQ:NFLX) is pioneering Internet television at...
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