How To Get More Marketing Budget

FOR MORE
MARKETING
RESOURCES
@msweezey

Mathew Sweezey
Principal of Marketing
Insights
Salesforce
Author of
•  Marketing Automation for
Dummies (2013)
•  Context Revolution (2019)
Slides are
Online and
can be
found Here:
@msweezey

The ProblemWE FACE IN MARKETING
@msweezey

1995
“HEY BOSS WE NEED A WEBSITE”
@msweezey

MARKETING
BUDGETS WERE
ON AVERAGE 2%
OF GROSS
REVENUE IN
1995.
@msweezey

1999
“HEY BOSS WE NEED TO DRIVE
TRAFFIC TO OUR SITE”
@msweezey

2001
“HEY BOSS WE NEED EMAIL”
@msweezey

2005
“HEY BOSS WE NEED SEO”
@msweezey

MARKETING HAS
CHANGED MORE IN THE
PAST 10 YEARS THAN IT
HAS IN THE PREVIOUS
100.
@msweezey
“

NEW MARKETING
ASKS HAPPEN
BEFORE
REALIZING PRIOR
INVESTMENTS
@msweezey

70%
39%
59%
39%
39%
Digital Marke2ng Spend
Tradi2onal Marke2ng
Spend
Marke2ng tools and
technology
Marke2ng consul2ng
Marke2ng headcount
Increase in Spending
Where High Performers are Spending Now
@msweezey

HIGH PERFORMING
MARKETING BUDGETS
WILL DOUBLE IN ALL
AREAS WITH IN THE
NEXT 1.8 YEARS
@msweezey

Road BlocksTO GETTING
WHAT WE NEED
@msweezey

WE STUDIED 7,500
BUSINESSES AROUND
THE WORLD TO FIND
OUT WHAT MAKES A
HIGH PERFORMING MARKETING
ORGNIZATION
@msweezey

82% OF HIGH
PERFORMERS
HAVE FULL
EXECUTIVE
BUY IN
@msweezey

EXECUTIVES MUST BUY INTO
A NEW IDEA OF MARKETING.
NOT JUST THAT THEY NEED MORE
MARKETING.
“
@msweezey

More MoneyIS’NT AN OPTION
@msweezey

MAINTAIN
BRANDING
15% HEADCOUNT
80% PROGRAMS
5 % TECH + OTHER
2-6% GR
AVERAGE
BUDGET
FAST
GROWTH
25% HEADCOUNT
65% PROGRAMS
10% TECH + OTHER
7-12% GR
30% HEADCOUNT
55% PROGRAMS
15% TECH + OTHER
13-30% PR
*GROSS REVENUE *GROSS REVENUE *PROJECTED REVENUE
@msweezey

SolutionsTO GETTING THE BUDGET YOU NEED
@msweezey

EducationIS REQUIRED TO GET BUY IN
@msweezey

IT IS HARD TO BE A
PROFIT IN YOUR
OWN LAND.
“
@msweezey

5 PIECES OF CONTENT TO PUT
ON YOUR BOSSES DESK
•  Read– “The Experience Economy”
•  Read– “Driving Demand”
•  Read – “ClueTrain Manifesto”
•  Watch – TED Talk “What Consumers Want”
•  Follow- 103 Genuine Marketing Thought Leaders
@msweezey

Prove it outSMALL GAINS CAN LEAD TO BIGGER BUDGETS
@msweezey

Bottom Up Approach – Small Wins
•  No Budget Content– Learn to leverage others
content. Remember anything with a URL is
content.
•  One Step at a Time– Prove the value of your
ideas in tiny steps, ratcheting up each time.
@msweezey

TWO KEY METRICS
•  Efficiency – Keep track of the time it takes you
to do a task, so you can show how a new tool
improves this.
•  Effectiveness – Keep track of your results so
you can show a side by side comparison.
@msweezey

PROVING OUT
HUMOR -
Taulia – Used humor in
small ways, comparing it each
time to a campaign with out
it. Showing the value of it at
each step. Bumping up the
humor each time until their
“F@ck It” campaign.
25% increase in web
traffic and a 28%
increase in contact
us forms as a result.

New ValuesON MARKETING RETURNS
@msweezey

There are a few
basic tricks you have
to have the ability to
do for ABM to
technically be a
possibility.
TO GET MORE MONEY, WE
HAVE TO SHOW VALUE ON
OUR EFFORTS.
ROI DOESN’T DO THIS.
@msweezey

There are a few
do for ABM to
technically be a
possibility.
WHY ROI IS A BAD VALUE METRIC
•  IT DOESN’T LIVE ON A BALANCE
SHEET– If a number doesn’t live on a balance sheet
it’s a vanity metric. Roi is an efficiency number not an
effectiveness number.
•  IT’S NOT PRESCRIPTIVE– Roi doesn’t
help executives run their business better. It just keeps you
from being fired.
@msweezey

Weighted PipelineIS THE VALUE WE SEEK
@msweezey

There are a few
do for ABM to
technically be a
possibility.
•  SALES ALREADY USES IT– It’s a value
number your executives already buy into.
•  IT’S IS PRESCRIPTIVE– It shows future
outcomes with a high degree of certainty.
•  IT IS HOLISTIC – It accounts for all experiences,
providing the measure for you to control the full experience.
@msweezey

Weighted Pipeline Chart (Lead Flow Volume)
Marketing
Stage
Volume Velocity Efficiency Weighted Value
1 100 5 days 70% (100x.7)x10,000
2 90 9 days 77% (90x.77)x10,000
3 80 10 days 88% (80x.88)x10,000
Pipeline
Total
270 24 days Pipline
Value
$2,097,000

@msweezey

Stretch BudgetsGET THE MONEY FASTER

There are a few
do for ABM to
technically be a
possibility.
STRETCH BUDGET BASICS
•  NEGOTIATE UP FRONT– Stretch budgets
are negotiated up front, just like a line of credit.
•  DOUBLE DOWN – They allow you to double
down on great ideas, proving out new tactics and channels.
•  INSTANTLY ACCESABLE – You have
instant access to them because they were pre-negotiated.
@msweezey

Normal Goal: 200
S tretch Goal: 1K
S TRETCH B UD GET: $5K
I f y o u h i t y o u r s t r e t c h g o a l , y o u
c a n a c c e s s t h e s t r e t c h b u d g e t
w i t h o u t q u e s t i o n . A l l o w i n g y o u
t o d o u b l e d o w n o n t h e m a r k e t i n g
t a c t i c t h a t g o t y o u a b i g w i n .
@msweezey

HIGH
PERFORMERS
ARE 17X MORE
LIKELY TO BE
EXELENT AT
COLLABORATION
@msweezey

There are a few
do for ABM to
technically be a
possibility.
IT’S ABOUT EXPERIENCE
•  Brand is no longer what you say, rather it is
the sum of all experiences.
•  Marketing must own the experience across
the entire lifecycle.
@msweezey

There are a few
do for ABM to
technically be a
possibility.
CREATE AN EXPERIENCE COUNCIL
•  One member of each department–
Their job is to have a collective vision across the full lifecycle and
help each team see a collective vision, and execute on it.
•  Meet Once a Month– Interview a prospect each
month on their experiences, and how the full organization can
make them better.
@msweezey

There are a few
do for ABM to
technically be a
possibility.
LEVERAGE AGILE WORKFLOWS
•  THIS WILL REFINE YOUR TASKS–
Allowing you to take on the greater role of experience. With
out agile you will not have enough time to take on existing
roles and new one.
•  Read– The X Factor on slide share for more on agile -
https://www.slideshare.net/MathewSweezey/the-x-factor-
the-secret-to-better-content-marketing
@msweezey

THANK YO U
Mathew Sweezey / @msweezey
Principal of Marketing Insights
Salesforce

How To Get More Marketing Budget

More Related Content

What's hot

Similar to How To Get More Marketing Budget

More from Mathew Sweezey

Recently uploaded

How To Get More Marketing Budget