According to a March 2009 Interactive Advertising Bureau (IAB) report, lead generation represented $1.61B or 7 percent of the overall interactive-advertising spend in 2008, with white papers as the most frequently used tactic. Another study by B2B Magazine and Junta42 Match shows that one third of current marketing budgets are spent on custom content creation, half of which goes to white papers. The entire first experience of your brand online is all about the quality of content you produce, and (in this day of social media and the ability to comment and rate everything!) what people have to say about your content.

White papers have been the Number One lead-generation tool used by buyers for years. Today their importance has only strengthened. In difficult economic times like these, when money is less available (even in strongly performing industries), education is vital before a company will spend that money. Where does this education come from?

Overwhelmingly, it comes from white papers. Statistics and reports show over and over again that buyers use white papers in their purchasing decisions. A recent Eccolo Media study reviewed in B2B Magazine stated “White papers remain the most effective piece of collateral, with 86% of respondents finding them moderately to highly influential in the purchasing decision.” TechTargets’ Media Consumption Benchmark Report found that 80.5% of buyers find white papers to be somewhat or very effective in their decision making – this was higher than any other marketing tool. This same study also found that buyers read more white papers than any other marketing medium — up to five or more in a three-month period — and that they are used both to gain awareness and decide on a solution. What happens to that white paper after it’s read?  An Information Week report  showed 93% of buyers pass along at least half of the white papers they read. They are influential, educational and viral.

A well-researched and well-written white paper (and its abstract — that short description used as a teaser) serves not only to educate your potential customer; it provides a targeting mechanism to assure the quality of the leads being generated.  The more specific the content is to a particular issue, the more likely the reader will be well aligned with your definition of a good prospect – and a better use of the sales team’s time.

But it is not just the quality of the white paper that creates lead-generation success. Using the white papers in a well-thought-out media strategy is another way to assure the quality of the leads. Be sure that the site statistics and reader demographics are well-aligned with your target audience, so that the leads derived are as on-target as possible. A few ideas: content-distribution providers and industry-specific websites often have white-paper areas, e-newsletter sponsorships, and specific sub-sites devoted to your topic that can also be sponsored with a white-paper offer. 

One last thought. Once a well-crafted white paper is created, it is a valuable asset in an ongoing lead-generation strategy. Unless it is time-specific material, the white paper can be utilized in any number of opportunities over time. Rested for a bit, then brought back as a lead-gen tool, it can be refreshed at a later date to give it more life.