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How to Justify the Purchase of a New Web Content Management System
The justification for this major investment might seem hard to make, but delaying the purchase or piecing together an in-house solution can cost you more in the long run and severely impact your brand. Here are four rock solid points to help you make the business case for an investment in an enterprise web content management system (WCMS).
1. Demonstrate Increased Revenue
By streamlining and centralizing content creation, a new or revamped WCMS boosts your revenue by allowing content reuse and re-purposing across multiple websites, channels, and, if you're a global enterprise, in multiple languages. Additionally, a WCMS simplifies workflow and provides robust analytic measurement capabilities to keep you focused on the timely updates of content that makes you money rather than wasting it.
A best-in-class enterprise web content management system will also have an integrated suite of online marketing tools that will help you achieve business objectives, like increasing conversion rates and building brand loyalty. Here are a few examples:
Brand management tools
2. Demonstrate Decreased Operational Costs
With the right WCMS, you will spend less money on updating your website and avoid the inefficient practice of copying and pasting content across various pages. Centralized design elements and templates can be created once and then instantaneously integrated across your website. WCM helps you save money on labor, protect your brand and get it right the first time. Most enterprise web content management systems are easy to use. One of the major reasons organizations invest in web content management is because it empowers content creators (marketing teams, for example) to create, manage, modify, and publish content themselves- without IT involvement. Consider the savings of hundreds of IT hours on an annual basis, not to mention the increased efficiency
3. Calculate Probable ROI
Due to the economic environment, the concept of ROI is on the tip of everyone’s tongue when discussing technology investment. Don’t worry: an best-in-class enterprise web content management system almost always provides a sizable ROI. In addition to saving costs and boosting your revenue, a good WCMS interface comes with a high degree of usability. This means you can accelerate and simplify projects such as site development, implementation and content creation.
4. Think Beyond ROI
In addition, a WCMS can provide benefits that supersede ROI. Next generation web content management systems can really help to protect brand equity online and across multiple channels. For large companies, branding remains one of your most important assets and good customer perception is integral for continued success. A next generation WCM system allows you to build and maintain your brand with minimal hiccups. Even if you come up with initial ROI figures that are lower than you want, maintaining your brand equity and providing the ideal user experience across multiple channels is enough to make the business case for updating your WCM strategy today.
The Impact of Social Media on Web Content Management (WCM)
Managing Social Content
Twitter, Facebook, Google Wave, LinkedIn, FriendFeed – the list of sources of social content is never-ending. It wasn’t long ago, when organizations didn’t take social content seriously, let alone tried to manage it efficiently and productively.
Not anymore. Having realized the impact of social media on their businesses, some organizations have chosen to manage their social content in the same way they manage their business content. Some do it with the same enterprise web content management system (WCMS) they use for managing their corporate websites, intranets and extranets. Others use separate applications. The bottom line is social content must be effectively managed... lest there be consequences.
Regardless of how you approach this, the fact is that social content is everywhere and it cannot be ignored. Social content is very dynamic and changes rapidly, not at the same rate as your other content. However, if you use your WCM system to manage social content, there are several advantages to this model. A next generation web content management system will have this functionality, along with other interactive marketing tools.
Advantages of Using an Enterprise WCMS to Manage Social Content
One of the advantages of using an enterprise web content management system to manage social content is workflow and approvals. It is undeniable that social media may be a bit of a scary beast to many organizations. Using your WCM system to filter user-generated content is possible, while not always effective. Your social content workflow may be different from others you employ in the company, but it will give you the desired safety and comfort when dealing with social media. As a result, you’re not falling behind the social media curve, but all your content is safe.
Archiving and compliance is another reason for using a web CMS for managing social media and social networks content. It may not be stored in the same repository/database as your other content, but having a strategy and tools to archive your content is crucial, especially in environments with heavy legal and other regulations.
Social media may be treated as one of your publishing channels, just like web, print, mobile, etc. If you already use an enterprise web content management system for publishing to those channels, you may as well consider using the WCMS for social publishing.
While social and web publishing are still moving along the separate tracks, I think in the near future we’ll see them merge, and social content will be managed the same way as any of your other content (web, documents, digital assets, etc.).
The New Definition of Multichannel Marketing
How would you define multichannel marketing? I define it as the use of multiple media pathways to reach and influence a target audience. Traditionally, multichannel marketing includes some combination of the following pathways, aka channels:
- Online (Website & Email)
- Direct Mail
- Telemarketing
- Broadcast Media (TV, Radio, etc.)
Like an apothecary mixing a potion, the Marketer will select the right mix of channels to achieve the desired results. The savvy Marketer will select the channels based upon campaign objectives, business type (B2B or B2C), the product or service being offered, and the characteristics of the market segments and audiences being targeted.
Today, multichannel marketing can certainly include any of the above, however the channels to choose from have not only increased in numbers, they have evolved. What has emerged are two very distinct species; one surviving, the other thriving:
- Offline Marketing
- Online Marketing
The Ascension of the Online Marketing
It wasn’t that long ago that the typical corporate website functioned a lot like a digital brochure. Not anymore.
For many organizations the website has become the center of the marketing universe and a primary driver of corporate revenue (directly and indirectly). The website has evolved from a “channel” into a “platform” for online marketing... a hub for emerging channels that exist almost entirely within the online realm:
- Email Campaigns
- SEM & SEO (Search Engine Marketing & Optimization)
- Directory Listings (free and paid inclusion)
- Banner Ad Campaigns
- Whitepaper Syndication
- RSS Feeds & SMS
- Mobile
- Blogs
- Social Media & Networks
New Tools for a New Era
The evolution of web content management is being driven primarily by the evolution of online marketing. As a result, next generation web content management (WCM) systems are entering the market.
Next generation web content management systems are essentially becoming online marketing platforms. In addition to managing online content, they will also support multichannel marketing. Moreover, they will align with business drivers and include functionalities geared toward achieving marketing objectives, such as increasing conversion rates and building brand loyalty.
A best-in-class enterprise web content management system will include:
- Brand management tools
- Interactive marketing tools
- Email campaign tools
Rethinking Multichannel Marketing
The term “Multichannel Marketing” does not necessarily need to be redefined. Rather, it’s our collective perception of what multichannel marketing consists of that warrants redefinition. No longer does a campaign require both online and offline media to be considered “multichannel” - successful multichannel marketing campaigns are now being conducted 100% online.
SDL Tridion is a leading provider of enterprise web contentent management systems (WCM) and online marketing solutions.
The Future of Web Content Management: Evolution or Extinction
- Mark Twain
What will a future enterprise web content management system (WCMS) look like? What kind of features will it have? What business solutions will it offer? Or will web content management go the way of the Dodo bird and the dinosaur, doomed to extinction?
I think it's pretty safe to say...as goes the web, so goes web content management. So what will the web look like in 5, 25, 50, or 100 years from now? To even begin to explore this question, we must first look at what the web is made of: Content. Content is the life blood, the very essence of the web. And one thing I am quite certain of is that Content will never become extinct. That is, as long as human beings continue to exist.
My crystal ball tells me that the web and web content management (WCM) will not become extinct. Rather, they will evolve into new creatures that look completely different than their predecessors. What won't change, however, is the concept of Content. Content will always need to be created, delivered, managed, and leveraged to achieve business objectives.
To Much of a Good Thing?
There was, of course, Content long before the web. Lot's of it. But the world wide web of the Internet let the genie out of the bottle and Content has gone viral, growing at an exponential rate. Today virtually everyone, consumers and business alike, are creating and publishing content to the web. With the meteoric rise of easy-to-use web content management systems, Web 2.0, user generated content, and social media, the quantity of Content is growing faster than the national debt.
The shear volume of "noise" emanating from the web poses significant challenges to business trying to market their products or services... and the noise is only going to get louder.
(Relevant) Content Is Still King
In both B2B and B2C marketing, Content is what we use to convince our target audiences to buy what we are selling. Success requires that we filter the noise and be heard. To be effective, Content must be A. Persuasive, and, B. Consumed by those most likely to purchase our products and services. These are two very real business needs driving the evolution of web content management.
Two basic tenets of the theory of evolution are "Adaptation" and "Survival of the Fittest". What makes a web content management vendor fit? Many factors beyond basic financial stability, including the ability to align enterprise web content management solutions with business needs and drivers. Web content management vendors who fail to evolve and stay fit are doomed to extinction.
The Art of Persuasion
Marketing to your Target Audience(s)
Target audience marketing is delivering persuasive content to those most likely to purchase your product or service. But first you have to find them and secondly you must get to know them. Enterprise web content management systems at the top of the evolutionary chain are well prepared to assist with these tasks by providing a platform that includes a suite online marketing capabilities. Examples include search engine optimization (SEO) and interactive marketing tools, an integrated email marketing solution, and functionality for gathering visitor intelligence.
Next Generation Web Content Management
Best-in-class web content management systems are evolving into online marketing platforms with the ability to deliver content across multiple channels. The good news is that you don't have to wait for a next generation web content management system, they exist today. Evolution is an ongoing process, so be sure to select a WCM solution that is fully scalable and "future proof", meaning a system with the genetics to adapt and evolve with your changing business needs.
About SDL Tridion: SDL Tridion is provider of best-in-class enetrprise web content management systems. Positioned as a "Leader" by both Forrester and Gartner, SDL Tridion ushers in next generation web content management by integrating a suite of ROI focused online marketing tools.
Maturing (or just changing?) Content Management Landscape
As the CMS space is maturing, we see not only Web Content Management products change, but also the vendors themselves evolve.
Who would've thought 5 years ago that we will see architecturally different RedDot and Vignette under the same ECM vendor umbrella, and the traditional proprietary vendors will be facing competition from OSS CMS vendors.
Although there's still considerable uneasiness about "cloud" computing and storage, more and more vendors and customers are making strides into this direction. More organizations are looking to educate themselves about the pros and cons of the "cloud."
Then, we have this whole new beast of social media, social networking and social collaboration changing the way we do web content management... But let me save that for a future post.
The Evolution Of Web Content Management
Hmmm... let me see. SDL acquires Tridion. Autonomy acquires Interwoven. Open Text acquires Vignette and RedDot. It doesn’t take a crystal ball to see that something’s up, but it might take one to gain some insight as to what it all means. And, while these acquisitions have certainly been game changers, they are only one piece of a much bigger puzzle.
Best-in-class enterprise web content management systems must now do more than simply manage content. According to the Forrester Wave™: Web Content Management for External Sites Q2 2009:
"WCM EVOLVES INTO A KEY COMPONENT OF PERSUASIVE CONTENT ARCHITECTURE"
"Web content management (WCM) has come of age. Enterprises continue to invest in WCM projects, but they no longer use it to merely store content and publish online. Instead, they want to accomplish specific business goals, such as increased sales conversion rates and improved customer service."
Forrester makes an excellent point, however specific software functionalities are required to achieve the goals they refer to. To stay on the leading edge of the wave (pun intended) it seems to me that a "smart" web content management company would offer solutions that include:
- Online brand management
- Multichannel marketing
- Website personalization
- Target audience marketing
- Search engine optimization (SEO)
- Increased website traffic
- Increased brand loyalty
- Increased conversion rates
So, if enterprise web content management is evolving what is it changing into? And what is the future of the WCM industry, market, vendors, products, and solutions? My crystal ball is just getting warmed up. How about yours?
SDL Tridion Enters the Blogosphere
Welcome to my Blog, the first in a constellation that we will be rolling out over the next several weeks to better communicate with customers, partners, prospects, analysts, content management professionals and virtually everyone else who has an interest in web content management and online marketing.
For sure, the web content management market and industry is changing at a rapid pace- but where exactly is it going? Ask any three CMS professionals and your likely to get five different answers. Well, let me polish my crystal ball and let's take a look...