Do more with less. Be more efficient. Cut the fat.
As marketers, all too often we receive these mantras. 🥱
They're usually triggered by feast-famine cycles, big swings & misses, shiny new capex projects, or poor cash flow management.
They can tend to sound similar, but there are nuances.
🗣️ "𝗕𝗲 𝗺𝗼𝗿𝗲 𝗲𝗳𝗳𝗶𝗰𝗶𝗲𝗻𝘁."
Get your unit economics in order. Spend less & drive fewer leads/MQL/SQL/won deals if you have to, but we can't keep operating at a per-customer loss.
🗣️ "𝗖𝘂𝘁 𝘁𝗵𝗲 𝗳𝗮𝘁."
Optimize your campaigns & activities (i.e. do your job). This can hurt as it insinuates that you aren't already doing this as a regular part of your job.
It's also dangerous as the analysis will lead you to focus on Demand Capture (i.e. brand keywords) and turn off Demand Generation. The performance will look great in the short term, but your top-of-funnel will have a hole.
🗣️ "𝗗𝗼 𝗺𝗼𝗿𝗲 𝘄𝗶𝘁𝗵 𝗹𝗲𝘀𝘀."
The phrase we all dread.
It’s likely that tough decisions are ahead.
But alas, you start immediately brainstorming, increasing hours, pushing productivity to the limit, and cutting program spending (and people.)
The results: increased efficiency, lower pipeline, and a demoralized team.
💫 But sometimes, the stars align ...
And something magical happens.
And when it does, the danger’s to think that it's normative.
Stop and celebrate the win. 🙌 🎉 🥳
~~~~~~~~~
We were fortunate to celebrate this rare event with a Johnson Strategy Partners client this week.
𝟮𝟬𝟮𝟰 𝗬𝗧𝗗 𝗥𝗲𝘀𝘂𝗹𝘁𝘀:
➡️ 43% LESS budget, 12% MORE new business.
That’s a 100% improvement! 🤯
And the unit economics are all cranking.
🗓️ 6-month payback periods
🏆 better win rates on pipeline
🔁 increased retention
How did we do it?
Stay tuned ...
Ecommerce UX - CRO Shopify | VWO MicrosoftClarity | Ecommerce Web Design | AB testing, personalization & CRO Audits | Tiktok Online Shop
2moRaphael Paulin-Daigle Thanks for sharing - I will add Customer feedback / surveys.