There is a Farmer's Market every Sunday in downtown Bethesda, MD that has grown in three years into a gastronomic, community and social staple in town. Bethesda Patch has a nice write-up of what the market is all about, but I'm more concerned here with how it is all about.
It turns out that the person who founded and runs the market is a guy named Mitch Berliner. I've met Mitch a dozen or two times, buying half-smokes and kielbasa from his MeatCrafters stand in the market. It's the first place my sons always go because he has sliced sausage on toothpicks as samples. I'm pretty sure it's Mitch's fault that every time we serve sausage at home the kids insist on eating it with toothpicks. He ought to give away some with tiny "MeatCrafters" flags on top.
Did you see how I glossed over the important part there? Patch did too, and it was a full week after I read the article that I realized what was going on. Instead of finding a Farmer's Market that MeatCrafters could pay to participate in, Mitch Berliner built his own Farmer's Market in which to showcase his wares, and charges other merchants for the right to give him this valuable sales and marketing platform.
Mitch Berliner isn't just a content marketer - he's a content marketing ninja.
He's not the first person to come up with the idea of creating content that perfectly merchandises your brand. That honor is commonly attributed to John Deere (the company, if not the person), who launched The Furrow magazine in 1895 (not a typo). The Furrow didn't include advertising when it launched and it doesn't today either, so the comparison to the Bethesda Farmers Market is not entirely accurate. A closer example would be the magazines published by trade associations that generate advertising revenues. The magazines' principal objective is to promote the issues of the industry they represent, and they are funded by the same companies that want to reach professionals in that industry. In this way, they're very much like the trade shows and conferences the associations produce, and are often financed by the same advertiser / sponsor companies. But even these are not quite the same thing as we're seeing with the Farmers Market. The closest parallel I can think of is P&G creating the soap opera, an initiative they only recently abandoned in order to move into social media instead.
It's a fascinating model to me - the concept of creating precisely the right media for your business to advertise in - and then double dipping by getting paid for advertising by complimentary companies (maybe even competitors). Not only does it make for good media from the advertiser's perspective, but it can also aim more squarely at a customer segment, and win against broader media that has to appeal to as many advertisers as possible.