3 ways to drive out cost without reducing marketing effectiveness
Secret MarketerFrom improving processes and rationalising agencies to getting to grips with media charges, there are ways all marketers can strip out costs without impacting output.
From improving processes and rationalising agencies to getting to grips with media charges, there are ways all marketers can strip out costs without impacting output.
Marketing effectiveness is driven by courage, focus and tenacity, rather than a quest for efficiency.
Think of marketing as a sandwich, with the bread representing brand building and the filling performance marketing. Separately they do a job, but the true magic only happens when they come together.
It takes courage to challenge the status quo and drive change but marketers are increasingly bowing to the pressure of the C-suite, which needs to stop.
Our marketer on the inside takes us back to the ‘credit crunch’ in 2008 and a strategy that doubled profitability for one big brand despite the marketing budget being cut by 75%.
Our marketer on the inside admits being strategy-forward is not for the faint hearted, so has identified five key principles that will help brand leaders navigate through the fog of uncertainty.
Our marketer on the inside shares five resolutions careworn marketers should adhere to this year.
Borrowing from philosopher Ludwig Wittgenstein, brands should not be defined by what they are, but how they are used. Trying to inject a profound meaning into brand is merely an exercise in ineffective positioning.
Christmas is a special time for marketers stuck in dead-end companies, more interested in their operations than their customers, as it gives them an opportunity to hone skills and test things out.
To avoid missing out on opportunities as a result of not getting the required investment, our marketer on the inside recommends stress testing the plan before going into the boardroom with the aid of five key questions.
Marketers should focus on encoding their brand into the minds of customers – not trying to build relationships with them.
Showing commitment, energy and passion is far more important than gimmicks and big ideas when it comes to pitching.
Ongoing issues around media neutrality and transparency make it very difficult to build strong and trusted client-agency relationships.
The difference between good strategy and poor strategy is immense. As part of a new series, our undercover marketer explains why it’s better to take longer, shoot for the stars and slip a bit than to aim for mediocracy and achieve it.
New opportunities will always arise so make sure you have the inner confidence to persevere.