To source or not to source? That is the question! We all know the many benefits of sourced content advertising in terms of brand authenticity, loyalty, customer engagement, etc. But what about the pricing of this type of marketing over traditional forms of marketing? When we say traditional we mean production team, actors, studio. You get it. The whole nine. Traditional forms of marketing tend to be more polished and present mostly information about a product. It can also be very time consuming where user generated content marketing has a much faster turnaround time. Of course, like all businesses, there is always going to be a budget involved for every single advertising campaign that they do. Statistics show that content marketing costs 62% less than traditional and will generate 3x’s as many leads (Demand Metric Report). Also, the risk of traditional marketing forms is in the fact that the brand won’t know the end result or its impact it will have with their consumers. Whereas, sourcing user generated content that is already made, the brand will already know what the emotion the clips incite and how it may fit the final edits. Already knowing the emotional response will also give the brand insight as to how how it will impact their audience before it even goes into market. Often times, these agencies will come in well under project budget utilizing a sourced content agency such as Locomotive. Of course, it’s not feasible to use sourced content for every single ad campaign. However, it is extremely beneficial to blend a mix of traditional and content marketing together in order to get the best use of a company’s advertising budget.
