Content Strategy Formulation v2.0
If you are hoping to embark on a social media strategy, content strategy formulation is important. There are altogether 10 steps to formulating the content strategy. For part 1, i will be addressing the first 5 points to the strategy.
1) Principles - First off set some principles, this allows for the brand to have a healthy and robust discussion around authenticity, transparency and humility as well as an opportunity to define the engagement policy.
2)Business Objective - 'Why are we doing this?' question, clarify your objectives, link them to appropriate metrics, if possible setting targets and define a budget.
3) Brand Purpose - What’s your Story?
•Identify your brand ideal(s).
• Dove believes the world would be a better place if women were allowed to feel good about themselves
•Fanta believes the world would be a better place if we grew up less and played more
•Scrabble believes the world would be a better place if we loved words more
•Coca Cola believes the world would be a better place if we saw the glass as half full - not half empty.
4) Content Value (Social Currency)
Entertainment value – Advertising campaigns typically deal in this type of currency. It's worth asking if the idea lends itself to being parodied like Cadburys Gorilla as this can be a potent conversation multiplier.
•Personal value - Fame delivers powerful personal value, the rise of Factor type shows and Reality TV shows over recent years indicate the value people place on this kind of content.
•Knowledge value – B2B thought leadership via whitepapers is a example of this type.
•Monetary value - Consumer PR typically deals in this type of currency with promotions and competitions, the Threshers 2006 40% off Voucher is a great example of this.
Utility value – a lot iPhone apps fall into this category like Sky+ app. Charmin installing 20
5) Sources
Who is going to be creating or producing all this great content for you?
Employees- Zappo the US online shoe retailer encourages all staff to use twitter and even has a leaderboard which introduces a competitive element into the mix.
Agencies
User generated content(UGC), crowd sourcing and co-creation can also be viable option for some brands.



