Where are Your Marketing Dollars Going?
I’m reading another great book, “Data-Driven Marketing” by Mark Jeffery. In it, Jeffery cites some revealing stats. He looked at marketing budgets of hundreds of companies and found something really interesting. He defined different buckets or categories as to where each company’s marketing dollars were going. Here are the buckets:
Lead Generation
Branding and awareness
Customer Relationships
Shaping Markets
Infrastructure
What’s interesting about his findings was that the leaders (those companies that had better results) spent more money on their infrastructure and creating systems that allowed them to market more effectively. The point here is that businesses that were short-term Read more [...]