Tuesday, August 4, 2009

White Papers Can Be A Great Tool For Ad Agency New Business

If there has been one constant in the fast-changing world of Internet marketing, it has been that "content" is the key ingredient for success. The same is true for white papers. A well-written white paper generates awareness about a product, service or organization, and is especially valuable as it is most often read while a company or individual is in the evaluation stage for a new purchase. There is a wealth of hard evidence through published case studies to support the value of white papers as a marketing tool, but perhaps one of the more impressive pieces of evidence is the $40 million paid by TechTarget to acquire white paper aggregator, BitPipe.

White papers have been in use as government position papers for almost 100 years, and during the past decade we have seen an explosion of business white papers as B2B marketing and sales tools. But surprisingly, many ad agencies have failed to take advantage of white papers as a marketing tool.

White papers can be used in several ways by ad agencies:
  • As an awareness and lead-generation tool for new business;
  • As a thought-leadership and CRM tool for current clients;
  • As a training tool for employees and clients.

Why should your agency use white papers? That's simple, they work. Several studies have documented the importance of white papers in evaluation and decision-making. A recent study by MarketingSherpa on technology marketing reported that 44% of respondents said they like reviewing white papers. Even more importantly, 70% said they visited the vendor website and 45% contacted the vendor for further information.

According to Information Week, 93% of white papers are passed on to at least one other reader and 86% say they are moderately or highly influential. Case studies have reported that white papers can significantly outperform banner ads and email as a lead generation tool for many businesses.

White papers can establish your agency as an important thought leader. White papers provide a platform for an agency to demonstrate their expertise and the quality of their thinking. Whether the topic is general (e.g. branding), industry-specific (e.g. trends in healthcare marketing), or topic-specific (e.g. how to use social media), a well-written white paper can establish your agency as an authority on the subject. Importantly, studies have shown that executives read white papers, so a white paper can be that foot-in-the-door that you've been trying to establish but can't seem to get past the voicemail and spam blocker screens.

Some of the more popular ways to use white papers are:

  • Discuss trends (can establish the need for a change from the reader).
  • Identify problems (can build a rapport and affinity with the reader).
  • Provide solutions (can confirm your expertise, but must be seen as objective and not a sales message to have credibility with the reader).
  • Suggest what to look for (can also confirm your expertise, but again must not be seen as an overt sales message).

A good white paper must be reader-focused, not self-focused. It is critically important to write white papers from an objective viewpoint so that they are seen as educational, not sales-focused. Too many marketers make the mistake of treating their white paper as a multi-page text ad for their product or service. That approach is a recipe for disaster. And rejection.

A well-written white paper becomes persuasive when the reader is presented with facts and charts to support the writer's viewpoint and avoids any claims about the company or its products and services. Most white papers tend to be 6 - 12 pages in length, which will allow you to present a thorough case without too much effort on the part of the reader. In many cases, a white paper can be a stimulus to drive traffic to an agency's website for more information (or more confirmation of the agency's expertise).

Michael Stelzner (http://www.whitepapersource.com/) , seen by many as the foremost authority on writing white papers, gave this illustration of a reader-focused vs. a self-focused white paper in a recent webinar:

Self-Focused: Groundbreaking TechWidget by XYZ Company Solves Time Management Dilemma.

Reader-Focused: Solving the Time Management Dilemma with Technology.

A white paper can carry more authority than other agency marketing collateral. It is important to remember that a white paper carries a cachet of authenticity that other marketing collateral for your agency doesn't possess. To some readers, there is a perception (rightly or wrongly) that white papers are completely objective and factual, almost like a scientific paper that has been peer-reviewed. So be careful that you don't mis-use or abuse the white paper as a marketing tool. But it can, and should, be used by more agencies.