Marketers Say Content Marketing Works, So Why Don’t They Want to Pay For It?

Warning: I’m about to get on my soapbox on behalf of freelance writers everywhere.

Get a load of this:

According to a survey by BusinessBolts, 74% of marketers use content marketing to increase traffic and promote their brand.

Marketers reported seeing massive benefits from content marketing, the biggest benefits coming in the form of increasing their traffic.

Great news for freelancers, until you get to this:

content creation cost

Seriously? The overwhelming majority of companies, companies who say that content is king when it comes to marketing, aren’t willing to pay more than $100 a month to make it happen!?!

That makes me mad and sad.

The majority of marketers said they are currently doing their own content creation but would like to outsource it. What’s stopping them? They say they don’t know how to find quality writers. Here’s how. Pay a decent wage and you’ll get what you pay for.

But not, because the third most asked question in regard to content marketing was “how can I write content quickly and easily?”

It’s crazy. If they didn’t believe in the benefits of good content, then I could see them balking at putting out money to get it done, but obviously it works and they know it.

Written content is the most popular type of promotional content by a wide margin. (Blurry graphic, sorry, but the data is important so. . . )

content marketing options

BusinessBolts broke the numbers down to hone in on what successful companies do.

  • Of those who reported revenues above $10,000 a month, videos were used by 53% and audio/podcasts were used by 13%.
  • Of the respondents as a whole, 41% used email newsletters while those earning $10,000 a month and above reported use of email newsletters at 56%.

Ipso facto, more high quality content, particularly video and newsletters, equals more company revenue.

I know it’s not quite that simple, but I do think there’s a real correlation between quality content and revenue. Informative articles are great for SEO which means more traffic to your site. Email newsletters remind customers to return on a regular basis. Videos and social media content are quick bites that can be easily shared, drawing in new customers.

So, what’s the going rate for good content?

content marketing cost per wordI don’t even know what to make of this chart. But let’s see what the big boys pay.

Of the respondents with revenues at $10,000 a month or above, only 3% said they paid under $15 per 1,000 word article. More spent $26 and above with 11% spending between $26 and $50 and 9% spending more than $50.

God bless ‘em, the over $10,000 club understands the value of a good writer.

Times are tough. I get it. But you have to invest in your business if you want to succeed. If you’re a good writer and you have the time, by all means, create your own content. If you’re not and you’re too busy, then hire a writer and pay them at the level you’d expect to be paid. If they do their job right, the content will pay for itself in added revenue.

Want to know more? Download the full report from BusinessBolts.com right here. It’s free to you, but hopefully, they paid someone good money to write it.

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