When searching for an effective thought leadership strategy, many of our clients ask us: “Where do we begin? How do we know what to publish?”
That’s a fair question. Publishing with impact is hard no matter who you are.
And then there are those clients – admittedly far fewer in number – who have the exact opposite problem: they simply publish too much. That’s to say, they saturate the market with commentary on every little development, trusting that volume alone will win the battle for more influence.
What these clients forget is that discernment and balance are also vital factors in any sound publishing strategy. We all know that friend who talks too much, much to the annoyance of his fellow dinner guests. After a while you begin to nod mindlessly at the sound of his voice – or tune him out completely.
Another parallel is found in the world of luxury travel. Five-star service is not only knocking on your door at evenly spaced intervals to inquire if you need your shoes polished or desire another complimentary fruit basket. Five-star service is also about knowing when to leave you alone.
These same principles apply to the world of thought leadership publishing. If you don’t publish at all, well – you can’t become a thought leader. If you publish too much, clients and consumers will tune you out.
So, at risk of talking too much and ignoring my own advice, here’s a few tips to help you find that elusive balance.
1. Clean your internal publishing pipes
Clients who publish too much often suffer from the same problem: they lack a formal publishing process and everyone internally – from VPs to MDs – wants a piece of the action. They simply turn on the tap and hope what flows out is good enough. This results in too much content from too many voices – much of it mediocre at best.
Solution: Identify who internally owns which pieces of your company’s editorial output, and give them the authority to set the tone. Have the confidence to say no to those who shouldn’t be publishing – and also resist editing everything you publish via committee. The more editors involved, the more you water down your output.
2. Allocate clearly-defined content budgets
Knowing how much you have to spend on thought leadership (as opposed to other types of marketing) encourages you to make strategic decisions and take a structured approach. It also helps you figure out what’s possible with the budget you have, forcing hard decisions about expenditures and desired ROI.
Solution: Mark the budget at the beginning of each year (or the beginning of each quarter) to establish a clear view of the potential size – or limits – of your publishing programme. And then work backward to define and shape your editorial calendar.
3. Be honest about what you’re qualified to talk about
Let’s be honest – no one is an authority on everything. Take Amazon for example. The e-commerce giant can easily talk about literary trends, because it has the sales data to back up its observations. But it’s better qualified to talk about e-commerce, or internet book retailing in general. More traditional publishers are better positioned to talk about literary trends.
Solution: Be honest about where you stand in the market and pick your sweet spot. Be confident enough to let others – even quasi competitors – to lead a conversation that you aren’t uniquely qualified to speak about.
4. Know what else is out there
Far too many aspiring thought leaders don’t know their place in the public conversation simply because they aren’t aware of what has already been said and what needs saying.
Solution: Read up on the best out there – whether that’s on Bloomberg, Reuters, or in the Financial Times – and do so frequently. That will give you a better view on the value of what you’re saying, and how it is likely to be received in the marketplace of ideas.