Data-Driven Marketing – Book Number Two

I've just completed my second book of the month (20 more to go for the year) – Data Driven Marketing by Mark Jeffery. It was a very detailed book describing “15 metrics everyone in marketing should know”. There were many take-aways from the book so I’ll just share a few here that really resonated with me. In the software world (or anytime you engineer or build anything) the best practice is to create a detailed specification which describes what you’re building. Call it a blueprint or design specification; you’re most successful when all the details are defined up front BEFORE you start building.  Jeffery drives this same point home with regard to marketing campaigns... Define Read more [...]
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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 [...]
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