Tag Archives: freelance business writer

Thought Leadership: Worth the Challenge to Achieve It

Thought leadership is worth it – but it’s hard to achieve, explains Aden Andruswriting in Disrupting Advertising.  He explains that thought leadership is much more than simply social shares or backlinks.  “True thought leadership”, he details, “makes people want to work with you and [it] has a huge impact on your bottom line.” “People respond best”, he explains, “when you create real value for them.”

In the case of his own efforts to generate a thought leadership position for his client company – excellent content produced significantly higher organic traffic and 32 times more organic lead volume – over a two-year period of committed thought leadership efforts.

He explains, however, that “any good blog editor knows that more organic ‘leads’ is not the same thing as more organic sales.”  Two years after his thought leadership efforts began, he noted, his company generated 64 times more revenue

“So, does thought leadership generate meaningful business results?”, he asks. “Absolutely. In fact, if you do it right, becoming a thought leader in your industry is one of the most effective ways to build your business.”

Practical Advice on How to Achieve Thought Leadership Status

Julie Schwartz writes in ITSMA blog that “marketing can’t do thought leadership alone… if it does, the output will be promotion, not thought leadership.” Marketing, she explains, “must get the buy-in, support, and commitment of executives and subject matter experts to become part of the idea-generating and dissemination process.”  She further notes that the success of any thought leadership effort “requires a deep commitment not just from marketing but from the entire company”.

Schwartz details 4 key elements for any organization to successfully achieve thought leadership status:

  1. Thought leadership efforts must connect deeply with target audiences need and goals
  2. Fact-based research is essential to establishing a more credible thought leadership
  3. Organizations must develop engines for idea development as well as dissemination (often, but not exclusively, social media based). “McKinsey and Bain have had these [initiatives] for decades, [and] more mainstream B2B companies are now making the same kind of thought leadership marketing transformation”, she noted.
  4. Concrete metrics used to judge success are required, and they are: Reputation Relationships and Revenue.

Further Considerations if You’re Contemplating Thought Leadership 

Julie Schwartz and Aden Andrus explain with precision the reasons why thought leadership works to increase revenue and can be achieved via specific steps taken by an organization (not only marketing).  They both also cite the need to measure the effort as against revenue.  I’d note that when considering who might be appointed to undertake responsibility for the editorial process of such an effort – consider appointing someone who understands the intersection of business development and content marketing.  Too, that this person has deep experience in researching and writing thought leadership publications.  And finally, that this person also understands fully the mechanisms by which inbound marketing and content production fit in the mix between outbound sales and business development.

Thought leadership, as is explained above – is not easy to achieve.  It takes time, patience, and the work of both marketing professionals, writers and subject matter experts.  Working together, however, these professionals can help an organization achieve substantial revenue growth.  Which begs the question:  If you’re not focused on building a thought leadership effort – shouldn’t you be considering it?

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Want to achieve thought leadership status? Hire a professional writer

If you work in a large business that is seeking to become an industry thought leader, the assistance of a professional writer is imperative to achieve success.

As thought leadership expert Russ Alan Prince has detailed in Forbes, competition for high-caliber clients is “becoming more intense”, and thought leadership has become a powerful way to secure new business amid a sea of “increasingly fungible” competitors.

McKinsey & Company is the example to aspire to

The bar to superior thought leadership is a high one.  The leader in thought leadership for professional services is, as Prince explains, McKinsey & Company, who first published McKinsey Quarterly in the 1960’s.  It’s effectiveness, he details, “has resulted in many other management consulting firms following suit”.

Vital for firms to consider is Prince’s prediction that: “There will be an increasing bifurcation…between the relative few [firms] that are thought leaders and the majority that are not.”  

Becoming a thought leader requires hard work

But Prince also cautions that: “More often than not the biggest obstacle to a professional services firm becoming a thought leader…is a willingness to put in the requisite hard work.” Firms aspiring to thought leadership, he explains “have to seriously commit to the endeavor, or they should avoid it altogether.”

He cites Hannah Shaw Grove, Executive Editor of Private Wealth magazine, who explains that: “‘originality and quality are the keys to lasting success as a thought leader. The barriers to entry are pretty low right now; virtually anyone can make a three-minute video or produce a six-page white paper. But if you can demonstrate depth of knowledge and bring fresh insights to areas and industries that have suffered from decades of conventional thinking you have the ability to transform the game. Nothing else will make the cut.’”

Why a professional writer is helpful

Any large organization seeking to become a thought leader requires a professional writer.  As Maria Wood explains on McGuire Editorial Blog, corporate CEO’s under tight time constraints regularly utilize the services of ghost-writers to help them craft “thought-provoking articles that build their personal brand and show their companies as cutting edge pioneers in their respective industry.”

Addressing corporate content marketing managers specifically, she explains her reasoning for the need to hire ghost writers capable of producing thought leadership pieces: “You know that your company’s leadership and other individual experts in your organization hold a lot of valuable insights in their heads, but you’ll never get them to sit down and write a “big idea” piece.”  “But”, she continues, “you’re hesitant to do thought leadership writing for several reasons: Writing isn’t your CEO’s forte (as it isn’t for many executives and entrepreneurs), and the process would take precious time away from his or her real job of building and growing the business. Fortunately, working with a ghostwriter provides the perfect answer to those challenges.”

“A great ghostwriter”, she explains, “elicits expertise and enthusiasm during… interviews [with corporate leaders]”. A ghostwriter then helps put into writing a CEO’s “big ideas and point of view”. She concludes by explaining how: “A packed schedule shouldn’t prevent your leadership from [publishing thought leadership]. If they don’t have the time to craft a stellar article personally, hire a ghostwriter.”

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Deloitte-Forbes study: 1/3 of C-Suite executives prefer reading long-form print content

A 2017 report from Forbes and Deloitte details how top executives prefer to receive business insights.   300 C-suite executives from around the world were surveyed to produce the report, entitled: Thought Leadership in Action: Strategic Content to Help CXO’s Learn and Lead.

Perhaps the most surprising result of the study reveals that despite the tendency for digital media to reduce ideas to brief “sound-bites” — more than one-third of C-Suite executives prefer to read long form content in print.

Key findings of the report include that while C-Suite executives “expect to be able to access content in multiple ways” — the majority benefit from longer formats, including presentations, books and comprehensive papers.

Research-driven content is vital

Bruce Rogers (@Brogers825), Chief Insights Officer of Forbes Media explains that C-Suite executives “want to access longer pieces, which take them from hypothesis, through case studies, to conclusion, and are based on credible data.”  Rodgers noted that “short-form content serves as a gateway to more information.”

Gina Pingitore (@GPingitorePHD), Managing Director, Deloitte Services LP, Deloitte Center for Industry Insights — explained that “thought leadership needs to present [C-suite executives] with data-based insights that are credible, relevant to their organizations and lead to business outcomes” – because “evidence-based decision making is..critical…for setting strategy.”

Print remains an important medium

While content must be designed and distributed via multiple channels – print remains an important medium.   A full half of the C-suite executives surveyed said  it is critical to read long-form business insights.  84% said they would choose offline long-form content.

Professional content producers are important

Results of the study also reflect that “professional publishing and consulting firms produce the most valuable content”.  C-suite executives, the report details, “obtain the most valuable content from organizations capable of analyzing information and then placing it in a narrative context.”

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