Profitable Marketing Communications Presentation At Si New House, Syracuse University (18 November 2008)

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    Profitable Marketing Communications Presentation At Si New House, Syracuse University (18 November 2008) - Presentation Transcript

    1. Young
    2. profitable communications Strategies for delivering marketing return on investment
    3. time to…….. focus on the
    4. “43% of financial directors believe marketing is a necessary investment ” for long term growth. Source: Survey of CFO’s and finance directors of the top 1000 companies in the UK conducted by KPMG and the Financial Times
    5. agencies aren’t nearly focused enough on marketing ROI
    6. when agencies talk about advertising effectiveness, they really mean…. branding
    7. “84% of marketing campaigns fail to create value.” Copernicus Marketing Consulting
    8. what is ROI?
    9. or…
    10. another name for
    11. our to profitable marketing 1. outcomes not outputs 2. unifying the ROI agenda 3. focus investing 4. Double-down on your existing customers
    12. 1 outcomes, not outputs
    13. 1 outputs: reach & frequency, CPM’s awareness click-throughs cost per acquisition brand equity measurable, but lack boardroom credibility or inspiration for communication ...
    14. 1 outcomes, not outputs • Clear line of sight • A few key metrics
    15. metrics need to be pro-active 1 rather than defensive
    16. Hot N Cold Cherry Chocolate Cappuccino Katy Perry Hooburrito Hoobastank The Great EggsSteak BoysLikeGirls
    17. 1 outcomes, not outputs CHECKLIST • Clear line of sight • A few key metrics • Pro-active rather than defensive
    18. 2 unifying the ROI agenda
    19. 2
    20. 1. 2 7. Build a Review 2. Team Process Align the ROI Objectives 6. Deploy Data Unifying the Strategically ROI Agenda 3. Establish Metrics 5. 4. Establish Initiate marketing Marketing dashboard Communication Development
    21. 3 focus investing
    22. 3 marketing campaigns that lack focus poorly allocated or inefficient spending ill-defined targeting weak positioning too many messages too many metrics
    23. 3 “ Human beingsso my wantisto don't stay focused, job to get them to focus their creativity around the focus; focus their productivity around the focus; focus their efficiency or effectiveness around the ” focus. A G Lafley, Chairman & CEO Procter & Gamble
    24. 3 product feature focus superior color stain fragrance cleaning fighting protection detergent
    25. 3 target market focus Targeting 16-24
    26. 3 single product focus
    27. 3 media channel focus • Use of Media
    28. 3 focus investing CHECKLIST • fewer • bigger • better
    29. 4 Double down on existing customers
    30. 4 “ Companies that focus customers. Brands are brands ontoa on brand equity place higher pedestal than magnets attract new customers, and anchors to hold existing ones. It must never be forgotten that it is customers, ” not brands that deliver profits Nick Wreden author of ‘Profit Brand’
    31. 4 “US businesses lose half their customers every five years”
    32. 4
    33. 4
    34. our to profitable marketing 1. outcomes not outputs 2. unifying the ROI agenda 3. focus investing 4. Double-down on your existing customers
    35. profitable communications Strategies for delivering marketing return on investment
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