After hearing this new trending term in class, I decided to look it up. Dr. Yoo was right! It is definitely on trend and many businesses are looking more into how to make brand journalism work for their company. So I looked on a host of sites to get a clear definition of what brand journalism really is. It is new in the world of marketing, but it indeed exists.
According to an article in Forbes, “What is Next for Content Marketing”, Daniel Newman writes in summation that this new content marketing is still in its infancy. Newman interviewed Michael Brenner who is a world class marketing executive, Newman gained a lot of insight from the article that led him to make this statement…
“The content that most deeply connects us to a brand is rarely the content with the greatest utility. While we must certainly consider what consumers need to know about our products and services, it will be the way we create an emotional response that drives the human purchasing experience.”
So from this I gathered that brand journalism is all about storytelling. Hubspot agrees with facts made in the Forbes article that now companies will have production teams and journalists everywhere. Hubspot says that media and marketing are converging as brands are developing more publishing operations. Hubspot on the notion of storytelling says that storytelling is a powerful way to connect with customers and that the key to gaining the trust of your audience is to produce material that is credible and honest. I could not agree more.
As a consumer, I am thinking that isn’t storytelling the big idea that brands focus on? After all it is the story behind the product that compels us to buy; outside of things like brand loyalty from generational usage etc.
Brandjournalists.com says that brand journalism gives companies a way to tell their stories across multiple platforms and media. And that Brand journalism is all about providing the content that the audience is already looking for. Pretty interesting perspective. Much like I already thought. From reading these articles it is apparent that companies are “really” going to start focusing on the story.
I think that in the Forbes article, Michael Brenner said it best, he says that for companies to be successful at brand journalism and content marketing, having the obsession of what the consumer/customer wants is a must. This will require brands to take themselves out of the story and make the customer the hero. The brands that focus on this will turn content from a cost to an asset within their business that produces a return on investment. I think from this statement I understand why brand journalism is trending. The story and the consumer being the hero will bring better profit and increase purchasing power.
I had no idea that storytelling could be this profoundly useful!!!
Forbes: “What is Next for Content Marketing”, Newman, Daniel (July 7, 2014) retrieved http://www.forbes.com/sites/danielnewman/2014/07/15/what-is-next-for-content-marketing/
Hubspot: The CMO’s Guide to Brand Journalism Hubspot, Inc 2014 retrieved from http://www.hubspot.com/cmos-guide-to-brand-journalism
Brandjournalists.com: Why Brand Journalism is the New Key to Franchise Lead Generation retrieved from http://brandjournalists.com/franchise-sales-lead-generation/why-brand-journalism-is-the-new-key-to-franchise-lead-generation/