Digiday Research: Social media platforms are losing traction with content marketers
Social media platforms such as Facebook and Google’s YouTube have long formed the backbone of brands’ content marketing distribution strategies. But distribution channels besides social platforms are growing in importance for companies’ content marketing efforts.
In a survey of brand marketers by Digiday at its Content Marketing Summit this month, 43 percent of marketers said social media platforms are the most important content marketing channel for their companies. That’s a nearly 20 percent drop from the 62 percent of marketers who favored social media platforms in 2017. Companies are increasingly turning their attentions to their owned and operated sites instead, which offer advantages including the ability to collect more data and have less of it obscured by walled gardens.
Facebook’s changes could go a long way to explaining marketers’ shifting attitudes. The company altered the algorithm powering its news feed in January of this year, deemphasizing content from publisher and company pages in the process.
Meanwhile, prices for paid distribution are going up, forcing marketers to look at their spending on the platform with greater scrutiny. As one attendee at the summit put it, “Facebook now is a customer service platform — people use it to complain but not really to do marketing or content marketing.”
And enthusiasm for Facebook’s own branded content program, Anthology, has tailed off. Many companies were turned off by the program’s massive 7-figure price requirement.
Other major platforms all have large audiences for marketers to reach, but each has its flaws. Instagram is hurdling Facebook as a preferred platform for advertisers according to one marketer at the event and Instagram has long since been favored to Snapchat by marketers. But marketers know to view campaigns on Instagram with some skepticism due to its multiple fraud problems. Meanwhile Amazon’s Spark program failed to garner meaningful traction.
Measurement is another issue potentially driving content marketers away. Measurement in general is problematic for content marketing and one of the key points of discussion at the Content Marketing Summit was content marketing’s reliance on “soft” metrics like lifts in brand awareness, rather than conversions or sales generated.
Platforms have done little to solve marketers’ campaign metrics woes so it’s not unreasonable that brands are favoring other channels to host their content marketing. Earlier research by Digiday found that the lack of data provided by “walled gardens” was one of the most common issues hindering reliable campaign attribution measurement for marketers.
While social media platforms win in the size of the audience they offer marketers, they can’t compare to the level of transparency marketers gain from their owned sites. Although social media platforms are still the preference of most marketers for content marketing, it’s quality of data, not quantity of audience, that is shifting marketers’ behaviors.
How Facebook’s brand safety audit with the Media Rating Council will work
The MRC audit will determine whether Facebook has applied an advertising adjacency standard into its brand safety protections.
Member Exclusive‘Are you going to put people over profit?’: As Facebook boycott continues, DTCs still running ads on the platform in a tricky spot
The Facebook boycott is part of a larger cultural shift towards a more “values-based consumerism.”
WTF is California’s new, and potentially stronger, privacy law?
In November, California residents will vote on the state's second privacy law, which is basically the CCPA 2.0
SponsoredWhy data clean rooms are a start, but not enough
Clean rooms are intended to be a “safe space” for brands to collaborate with walled gardens, but the greater opportunity for all brands is bringing together all of their data to create a single source of truth that they own and can continually enrich.
‘Influencer deals are being paused’: As Facebook boycott begins in earnest, influencer marketing feels a sting
The latest move to pause influencer marketing comes as marketers are not only reconsidering where their ads appear and the kind of content they appear next to, but as they work to figure out how they can better support Black creators and Black-owned businesses following the Black Lives Matter (BLM) protests.
As Facebook boycott continues, here’s a look at what major marketers were spending on Facebook and Instagram
To get a sense of how much advertisers are pulling back from Facebook, Digiday reached out to ad-tracking firm Pathmatics. The company provided estimates for how much advertisers spent on the platform during July 2019 as well as from July 2019 to 2020.