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Top of the Funnel Strategy: Building Brand Awareness – ReadWrite

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4 v's of branding


We are living in a world where people are constantly bombarded with information. To be heard, marketers must create compelling content that captures the attention of their audience. One strategy for capturing attention is building awareness and credibility through the top of funnel marketing.

This article will discuss what top-of-funnel marketing is and how you can use it to build your brand awareness and generate more leads for your business.

What is the top of the funnel strategy, and why should you be using it?

The top of the funnel strategy is a marketing term that refers to activities such as branding, brand awareness building and lead generation.

These types of campaigns are focused on “widening” your potential customer base by getting people interested in what you’re selling before they actually need it or realize they want it.

While many digital marketers have started focusing their attention on bottom-of-the-funnel strategies like conversion optimization and upselling (i.e., purchase intent), there are still plenty of opportunities for businesses at the top of the funnel.

Where do free trials fit in your campaign?

For example, think about all those brands that offer free trials. This type of campaign allows customers to experience firsthand how great something might be without investing any money upfront into buying anything yet.

Getting people acquainted with your brand in this way is a perfect strategy for building awareness and reaching new potential customers.

A few more examples of top-of-the-funnel strategies are co-marketing campaigns, social media engagement (i.e., retweets, likes), blogging/vlogging to create content that will be interesting to wider audiences outside of the people who already know about you.

The point is – it’s not yet time to worry about converting prospects into customers. The bottom layer is all about that – optimizing their experience on the site once they’re there. In the beginning, it’s a great time to start thinking about widening your audience through outreach and branding via channels like these.

How to create a content marketing plan for your business

Prior to any marketing or branding activities, you need a plan. Since content marketing is one of the best ways of getting your brand recognizable, credible, and interesting, it’s a good point to start.

Step One: Determine what you want to accomplish.

I’d recommend starting with a content marketing mission statement that defines your goals and values at the heart of your brand strategy.

This is important because it will help guide which type of content to create, how much budget should be allotted for each piece, who should have input in creating the message, etc. It’s also worth noting – this plan can’t exist without knowing where you’re headed.

 

It might sound basic, but many people get caught up on “what” they need to share instead of “why.” For example: if your goal is simply to increase awareness, then sharing tips isn’t going to cut it. By contrast, if branding or lead generation is more relevant objectives than just plain awareness, then you’ll need to think about how you can create content that will accomplish these goals.

Step Two: Know where you want to go.

Now that we know the key objectives for your strategy, it’s time to think about how you’ll get there.

Know what will work best in terms of channels (website, social media, email marketing) and tools (blogging software, video hosting).

Once you’ve established these things, then move on to defining KPIs. This is all about measuring success, so a good place to start would be tracking engagement metrics like shares or likes.

Step Three: Design Your Content Strategy & Marketing Plan

This stage involves three main components: content creation, distribution channel analysis, KPI mapping and optimization.

Start by creating an editorial calendar identifying which days/weeks will have new posts and what will be written on them.

Next, map out your content plan by identifying the types of posts you’ll write (e.g., how-to articles, product reviews). Looking at your competition can help you get a feel for what types of posts are popular on social media and how often they’re shared.

In fact, tapping into your competitors is the best way of gathering information. While simple mimicking of their strategy won’t really do you any good, looking into their activities can give you an idea of what works and what doesn’t.

Top 8 tips for brand awareness building

Work with your customers: Reach out to satisfied customers and ask them if they would be willing to write reviews about you or share/like content that is posted on social media. You could also offer discounts in exchange for customer feedback.

Improve your SEO to rank better

First of all, your website will need content. At times, if the industry is not too fierce, this is all you need.

I know people who managed to rank in the top 3 with nothing but well-optimized content and a properly executed internal linking strategy.

The best way to have great SEO is to build topically relevant silos of content. To clarify, this means that, for each “money page,” you should have at least a dozen of other pages that reinforce this one by supplying link juice.

It’s imperative not to have the pages cannibalize one another, too. This means that you should have one dedicated keyword of large volume for these traffic and conversion generating pages.

The same goes for internal linking. While topically similar keywords are totally fine to rank other pages for, make sure that you’re not diluting the power of one page between a couple of other ones.

Nurture leads

Email marketing, Facebook ads, blogging, etc., can all help keep the top of the funnel fresh by keeping potential client’s attention. This will cost money, but it can make a big difference over time.

Content curation sites like Triberr are great at finding relevant blog posts, which means less work spent building out a campaign strategy from scratch.

Get referrals

Encourage your existing clients to refer their friends and family. This may seem obvious, but many people don’t do it as much as they could.

To start a referral program, you may want to introduce an incentive in the form of a discount for both the referrer and the referred.

Paid ads

Paid advertising is a great way to get the word out. Such ads can be targeted in most instances based on location, age group or profession.

Networking events/Meetups

Networking doesn’t always have to happen online. The more social interactions you have with people who are interested in what your company does, the better chance they’ll remember it later on when considering products or services that might interest them.

Since the pandemic is nearing an end, this can prove to be a great strategy. People are tired of isolation and they crave human contact now more than ever.

Diversify marketing channels

Don’t rely too heavily on just one form of marketing.

Try using multiple methods of marketing so potential clients don’t feel like someone’s harping at them. Combine email campaigns, guest posting, Facebook Ads and paid promotions for the best results.

It also helps keep things fresh. Using well-established, industry-specific marketplaces with social media integrations can be a great way of providing your customers with yet another possibility of reaching you.

Brand partnerships

Build relationships with other brands and companies that share your values. This will help to broaden the reach of your company’s message, which can lead to bigger success in the future.

Focus on Brand Awareness

You need to be focusing on brand awareness before you even start thinking about sales or profit margins.

A company’s brand is what makes them memorable. With the pandemic on its way out, people will need to find new ways of getting their fix of innovation. If you don’t have a strong branding strategy in place before then, your business could quickly be forgotten among all the competition.

As soon as you have an MVP (Minimum Viable Product), start building your brand.

Nowadays, the competition is quite fierce, and unless to win over customers with an innovative product, branding should come first. The thing is, 90% of startups fail — these are the statistics. There are multiple reasons for their failure, such as low budget or the lack of a business plan, but one of the most prominent ones is a poor branding and marketing strategy.

As soon as your product starts gaining traction, executing word-of-mouth marketing strategies and sales funnel building are the next steps. You need to become at least somewhat recognizable.

Mind you, that recognisability should not be associated with a bad product, but with a good one. In this case, contrary to some others, bad publicity is not good.

positive brand awareness

Benefits of branding over doing direct-response ads only

The benefits of branding over just direct-response ads only become apparent when the product truly is worth talking about. And it’s not enough for your audience to hear you. You need people to actually care what you have to say. You need to understand that your message has value for them too.

The value can happen through building a strong brand that communicates who you are as an organization or person. Also, this can answer the question of why somebody should buy from you rather than somebody else.

Building this strong brand takes time. Don’t expect overnight success with this approach. Still, if done well, it will last long into the future as demand grows for more of your goods or skills.

Conclusion

All in all, there are many different strategies one could adopt depending on the industry, market characteristics, and the mission of the brand.

Branding should come first, marketing second. The top of the funnel strategy is to build brand awareness. The top of the funnel approach takes time but will last long into the future.

Top Image Credit: created by vectorjuice; freepic; thank you!

Milosz Krasinski

Managing Director at Chilli Fruit Web Consulting boutique London based digital PR agency. Co-Founder at Sigma Digital Oxford. International SEO consultant, speaker. Sometimes blogging at miloszkrasinski.com

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Fintech Kennek raises $12.5M seed round to digitize lending

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Google eyed for $2 billion Anthropic deal after major Amazon play


London-based fintech startup Kennek has raised $12.5 million in seed funding to expand its lending operating system.

According to an Oct. 10 tech.eu report, the round was led by HV Capital and included participation from Dutch Founders Fund, AlbionVC, FFVC, Plug & Play Ventures, and Syndicate One. Kennek offers software-as-a-service tools to help non-bank lenders streamline their operations using open banking, open finance, and payments.

The platform aims to automate time-consuming manual tasks and consolidate fragmented data to simplify lending. Xavier De Pauw, founder of Kennek said:

“Until kennek, lenders had to devote countless hours to menial operational tasks and deal with jumbled and hard-coded data – which makes every other part of lending a headache. As former lenders ourselves, we lived and breathed these frustrations, and built kennek to make them a thing of the past.”

The company said the latest funding round was oversubscribed and closed quickly despite the challenging fundraising environment. The new capital will be used to expand Kennek’s engineering team and strengthen its market position in the UK while exploring expansion into other European markets. Barbod Namini, Partner at lead investor HV Capital, commented on the investment:

“Kennek has developed an ambitious and genuinely unique proposition which we think can be the foundation of the entire alternative lending space. […] It is a complicated market and a solution that brings together all information and stakeholders onto a single platform is highly compelling for both lenders & the ecosystem as a whole.”

The fintech lending space has grown rapidly in recent years, but many lenders still rely on legacy systems and manual processes that limit efficiency and scalability. Kennek aims to leverage open banking and data integration to provide lenders with a more streamlined, automated lending experience.

The seed funding will allow the London-based startup to continue developing its platform and expanding its team to meet demand from non-bank lenders looking to digitize operations. Kennek’s focus on the UK and Europe also comes amid rising adoption of open banking and open finance in the regions.

Featured Image Credit: Photo from Kennek.io; Thank you!

Radek Zielinski

Radek Zielinski is an experienced technology and financial journalist with a passion for cybersecurity and futurology.

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Fortune 500’s race for generative AI breakthroughs

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Deanna Ritchie


As excitement around generative AI grows, Fortune 500 companies, including Goldman Sachs, are carefully examining the possible applications of this technology. A recent survey of U.S. executives indicated that 60% believe generative AI will substantially impact their businesses in the long term. However, they anticipate a one to two-year timeframe before implementing their initial solutions. This optimism stems from the potential of generative AI to revolutionize various aspects of businesses, from enhancing customer experiences to optimizing internal processes. In the short term, companies will likely focus on pilot projects and experimentation, gradually integrating generative AI into their operations as they witness its positive influence on efficiency and profitability.

Goldman Sachs’ Cautious Approach to Implementing Generative AI

In a recent interview, Goldman Sachs CIO Marco Argenti revealed that the firm has not yet implemented any generative AI use cases. Instead, the company focuses on experimentation and setting high standards before adopting the technology. Argenti recognized the desire for outcomes in areas like developer and operational efficiency but emphasized ensuring precision before putting experimental AI use cases into production.

According to Argenti, striking the right balance between driving innovation and maintaining accuracy is crucial for successfully integrating generative AI within the firm. Goldman Sachs intends to continue exploring this emerging technology’s potential benefits and applications while diligently assessing risks to ensure it meets the company’s stringent quality standards.

One possible application for Goldman Sachs is in software development, where the company has observed a 20-40% productivity increase during its trials. The goal is for 1,000 developers to utilize generative AI tools by year’s end. However, Argenti emphasized that a well-defined expectation of return on investment is necessary before fully integrating generative AI into production.

To achieve this, the company plans to implement a systematic and strategic approach to adopting generative AI, ensuring that it complements and enhances the skills of its developers. Additionally, Goldman Sachs intends to evaluate the long-term impact of generative AI on their software development processes and the overall quality of the applications being developed.

Goldman Sachs’ approach to AI implementation goes beyond merely executing models. The firm has created a platform encompassing technical, legal, and compliance assessments to filter out improper content and keep track of all interactions. This comprehensive system ensures seamless integration of artificial intelligence in operations while adhering to regulatory standards and maintaining client confidentiality. Moreover, the platform continuously improves and adapts its algorithms, allowing Goldman Sachs to stay at the forefront of technology and offer its clients the most efficient and secure services.

Featured Image Credit: Photo by Google DeepMind; Pexels; Thank you!

Deanna Ritchie

Managing Editor at ReadWrite

Deanna is the Managing Editor at ReadWrite. Previously she worked as the Editor in Chief for Startup Grind and has over 20+ years of experience in content management and content development.

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UK seizes web3 opportunity simplifying crypto regulations

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Deanna Ritchie


As Web3 companies increasingly consider leaving the United States due to regulatory ambiguity, the United Kingdom must simplify its cryptocurrency regulations to attract these businesses. The conservative think tank Policy Exchange recently released a report detailing ten suggestions for improving Web3 regulation in the country. Among the recommendations are reducing liability for token holders in decentralized autonomous organizations (DAOs) and encouraging the Financial Conduct Authority (FCA) to adopt alternative Know Your Customer (KYC) methodologies, such as digital identities and blockchain analytics tools. These suggestions aim to position the UK as a hub for Web3 innovation and attract blockchain-based businesses looking for a more conducive regulatory environment.

Streamlining Cryptocurrency Regulations for Innovation

To make it easier for emerging Web3 companies to navigate existing legal frameworks and contribute to the UK’s digital economy growth, the government must streamline cryptocurrency regulations and adopt forward-looking approaches. By making the regulatory landscape clear and straightforward, the UK can create an environment that fosters innovation, growth, and competitiveness in the global fintech industry.

The Policy Exchange report also recommends not weakening self-hosted wallets or treating proof-of-stake (PoS) services as financial services. This approach aims to protect the fundamental principles of decentralization and user autonomy while strongly emphasizing security and regulatory compliance. By doing so, the UK can nurture an environment that encourages innovation and the continued growth of blockchain technology.

Despite recent strict measures by UK authorities, such as His Majesty’s Treasury and the FCA, toward the digital assets sector, the proposed changes in the Policy Exchange report strive to make the UK a more attractive location for Web3 enterprises. By adopting these suggestions, the UK can demonstrate its commitment to fostering innovation in the rapidly evolving blockchain and cryptocurrency industries while ensuring a robust and transparent regulatory environment.

The ongoing uncertainty surrounding cryptocurrency regulations in various countries has prompted Web3 companies to explore alternative jurisdictions with more precise legal frameworks. As the United States grapples with regulatory ambiguity, the United Kingdom can position itself as a hub for Web3 innovation by simplifying and streamlining its cryptocurrency regulations.

Featured Image Credit: Photo by Jonathan Borba; Pexels; Thank you!

Deanna Ritchie

Managing Editor at ReadWrite

Deanna is the Managing Editor at ReadWrite. Previously she worked as the Editor in Chief for Startup Grind and has over 20+ years of experience in content management and content development.

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