Get the fundamentals of marketing right
Posted by Danielle MacInnis
on 24 October 2018
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Companies that do robust marketing grow faster
Bullseye Marketing did some research which showed that those companies that marketed themselves grew up to 5 times faster than those who didn't and for every $1 spent on marketing they received $10 in revenue.
So why don't companies market themselves?
The mainstream small businesses are yet to embrace it. Why?
- Not in the DNA of CEOs they are not experienced in it and see it as an expense rather than an investment
-
Many businesses don't "believe" in marketing and see it as an expense, not
a route to growth -
Traditional marketers are uncomfortable with the heavy reliance on data in
these programs, coming from a more creative background, or don't want to
be held accountable in the ways that these programs make possible - There is no network effect for marketing technology
-
Some industries, like software, are more volatile and so more receptive to
trying new ideas and technologies
Concentrate on getting a few things right.
- Take advantage of the marketing assets that you already have
- Customer lists
- Leads - email - Email Marketing is always number one or number two. And McKinsey actually said that it's 40 times more effective than social media.
- Website insights
- Insights from sales
To learn more about this simple approach to marketing listen to a podcast with John John Jantsch and the CEO of Bullseye Marketing Louis Gudema.
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About: Dan is a customer centric marketer and the owner of MacInnis Marketing a company that creates sales and marketing systems to attract customers and employees to companies that they love.
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