Archive for February, 2009

How to ask for more money when your marketing budget gets cut

Thursday, February 26th, 2009


 

This week at TFM&A in London, we launched the findings of a piece of research conducted by the CMO Council (and sponsored by us) entitled Calibrate How You Operate.

The headline was that ‘Marketing is the most challenged and most complex business unit’ – it’s already being picked up– Customer Strategy and Adweek and it highlights the battle marketers need to be ready for this year.

“Demonstrating to the board that if marketing doesn’t get investment it needs to sort out the complexity, put more robust integration in place, and be able to analyse customers more effectively, competiveness, retention and growth of the company will all suffer.”

We started talking to the CMO council about this over a year ago –way before the credit crunch started to impact the world demand. It is ironic as just when marketing budgets are about to be cut, marketing needs to go ask for more money, but this time it’s for investment in efficiency and effectiveness and there is a new digital engagement dynamic which marketing is leading and will drive the future demand generation of the company.

The time is now. Get it wrong, or don’t do something and you’re in big trouble. We ain’t talking about doing more carpet bombing, more email spam and having balloons instead of USB sticks at events to save money here.

We are talking about marketing transformation to ensure company survival.

Marketers need to be bold and clear about the investments they need and the returns they can make: if CRM isn’t linked to a marketing engine that can deliver, it ought to be or value is locked up and wasted

If marketers cant segment and target customers more intelligently with decent tools then costly ineffective marketing campaigns will reign

If the board doesn’t get that a disengaging, uninteresting website will damage their brand, someone needs to wake them up.

If the digital team don’t get the tools they need to create ongoing engagement and the flexibility to test and try new ideas, then they will soon find jobs elsewhere.

So although it’s easy to sit there and accept the inevitable cuts in budgets, we all need to realise it’s actually time to lead, get the marketing operational machine in shape so it can make the difference the organisation needs.

As ‘the marketer’ used to fighting these battles myself as well as the marketer of Alterian’s marketing software we have tried to help provide answers to these challenges and also to point to the future of marketing and engagement to help inspire and equip marketers for the battle ahead.

Much more to come on this subject and I’d love to hear what you think….

Welcome to our blog

Monday, February 23rd, 2009

Hello and welcome to our blog – this is marketing – where my Alterian colleagues and I would like to offer up for debate our personal and professional views on the changing world of marketing and the technology that underpins it.

We all know that the days of just driving outbound marketing campaigns and waiting for the responses to come rolling in are long gone.

There is a fundamental shift in marketing’s activity and reach, both within and outside of the organisation. Many marketers are already beginning to respond and act but much of this activity is taking place in silo:

  • Interactive marketers are focused on optimisation of their web presence and tackling social media
  • Database marketers are seeking ways to further target their outbound activity to increase response rates and address the green agenda
  • Brand marketers are building interactive communities around brands

We believe that marketers need to take an integrated approach to marketing: they need to consider all of the different elements that make up a campaign and ensure that there is analytics at the core of it all to underpin everything that they do.

The role of marketing is changing and we as marketers need to work together to drive that change.

In the current economic climate, marketers need to make their budgets work harder for them, but that is easier said then done. We are working to help marketers discover how to release the value of their data and help their organisations to survive the downturn.

We want to draw from our international experience, our network of partners and our community of end users and offer our insights on how the industry is changing and spark a debate about how together we can begin to overcome the new challenges that we face.

Marketing is a multi-faceted beast and there are many different elements to consider. In discussing the changing role of marketing, we will cover customer engagement, privacy, analytics, social networking, multichannel marketing, CRM, email, direct mail and everything else in between.

We want to share our thoughts with you and would relish your feedback.

So this is our blog. We hope that you find it informative and compelling. I hope it makes you think and I hope you want to add your opinion too so that together we can change the face of marketing.