As a marketer, I've always focused on balancing driving the most results from a limited budget. Then the global recession took effect last year and to remain competitive, companies began their prudent cost-cutting measures across all areas of the business. All marketers know that their budgets are some of the first to be reduced during trying economic times. This challenge helps us flex our virtual marketing muscles to affect our target audience with strategic marketing campaigns, with less budget than before. The good news is that you're not alone! MediaPost shared results from the Association of National Advertisers (ANA) recent survey of marketers, concluding that while marketing spend is slightly increasing in some companies, the amount of new projects is surging. What a balancing act!
MediaPost's Jack Loechner writes, "today, 87% of the respondents indicate they are identifying cost savings and reductions, the same as one year ago, and only slightly improved from 93% six months ago." The survey shows that marketing spending is still tight often leading to sending fewer people on the road, reducing the media advertising, and lowering overall production costs.
This recent survey validates that the pressure is on to continue to improve marketing strategies that drive business results, all while spending less budget. At ExactTarget we know more than ever that our customers come to us for One to One Marketing and Email Marketing Strategies that help set them apart from their competitors.
This Tuesday, Myron Corporation, announced that they renewed their contract with ExactTarget because they were able to reduce their marketing costs while more than doubling their email-related sales using our on-demand marketing solutions. So what's "in" for 2009, you ask? Saving on costs, while driving business is always in style.
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