...No matter how great the content is, it needs a meaningful distribution strategy behind it to convert into something truly valuable (more on that here: The Failing State Of Content Marketing). So many brands actually have great content, but have a sub-par content distribution strategy where the vast majority of the work resides behind their own walled garden.
Now, even if you have a great story to tell, it could be that no one even knows that you exist....
Mitch Joel says that without a distribution strategy your content may be missing the most important part of social media - visibility.