In this issue, we discuss marketing as a business tool and its function to increase revenue. I look forward to your comments.

 
 
 Rick Erling
(972) 727-6880
 

Is Marketing a Strategic Contradiction?

by Paul DiModica

Is marketing a staff position designed to support the sales team or the marketing department's own agenda?

Is marketing a line position responsible for creating corporate revenue?

Should corporate management cut back on marketing investments and just hire more salespeople?

All of these questions are asked by executive management on a monthly basis. We all know that we need marketing, but do marketing investments help salespeople or do they fail to deliver strategic help

Marketing Investments Should Increase Revenue.

The goal of marketing investments should be to help salespeople sell more. Here is an Marketing Success Test based on independent research of approaches that work in today's market.

Marketing Success Test

1. Does your marketing create at least 3 qualified leads per month for each salesperson?
   
   ___Yes ___No
    
2. Does brand marketing have higher budget allocation in your company than lead generation for your sales team?
   
   ___Yes ___No
    
3. Do you create documented inbound leads from your web site every month?
   
   ___Yes ___No
    
4. Do you know what your Customer Conversion Ratio (CCR) is from your web site leads (i.e., unique visitors per day that become sales leads)?
   
   ___Yes ___No
    
5. Do you have weekly electronic marketing devices for customers and prospects (i.e., eNewsletters, email offerings, etc.)?
   
   ___Yes ___No
    
6. Do you calculate marketing ROI for each marketing investment?
   
   ___Yes ___No
    
7. Is your print material budget greater than your lead generation budget?
   
   ___Yes ___No
    
8. Have you redesigned your web site during the last 12 months?
   
   ___Yes ___No
    
9. Do you have interactive business-to-business offerings (i.e., downloadable white papers, sign-ups for webinars, etc.) for new prospects and existing customers on your web site?
   
   ___Yes ___No
    
10. Has your marketing department gone on sales calls to new prospects with the sales team during the last 12 months?
    
    ___Yes ___No

Correct Answers:

Each correct answer is worth 10%.

 
"Marketing is not brochures, brand advertising or attending trade shows. Marketing is creating revenue or it is a wasted investment."

The following charts reveal some interesting facts and trends:

Provided to Paul DiModica by eMarketer.com under contract.

Provided to Paul DiModica by eMarketer.com under contract.

Provided to Paul DiModica by eMarketer.com under contract.

I welcome your comments.

 To your success,

Rick Erling

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