Thinking About Trimming Your Marketing Budget? Five Areas You Shouldn’t Cut

We’ve all heard the news, and it isn’t pretty. Sequestration, furloughs, billions of dollars of budget cuts—across the board, everyone’s trying to scale back and pinch pennies.

In times like these, one of the first places many companies look to cut back is the marketing budget. This logic is flawed. (Yes, I know—we’re a marketing firm, so our perspective is a little biased. But hang on, and hear me out.) No matter how tough going things seems now, eventually things will improve, and the economy will recover. When that happens, clients will spend more freely—and you’ll want to make sure you’ve remained visible to prospective customers.

Also, because belt-tightening times inevitably mean that many businesses do scale back, you have an opportunity to capitalize on your competitors’ absence, putting you at a significant competitive advantage.

So, now that I’ve said my piece on why you shouldn’t cut, here are the ‘whats’: five areas within your marketing budget where you should absolutely not scale back.

1. Your Website: This one’s easy. Your website is your face to the world, and the first stop on any potential client’s list. First impressions are critical. Don’t skimp here.

2. Social Media: Currently, 84% of business-to-business marketers use some form of social media. It’s big, and it’s only going to get bigger. At the risk of sounding dramatic, social media is the future of marketing. Your business needs to be there, and you need to be active. (For more insights on the future of marketing, check out this great article written by Hubspot.)

3. Email Marketing: According to a study conducted by iContact, small and midsized businesses are allocating the largest chunk of their marketing budgets to email. Why? Well, for one, 59% of marketers perceive email to be the most effective channel in generating revenue. This area is a critical component, especially in relation to your company’s social media presence and its mobile marketing efforts. Growing your lists and accurately, effectively segmenting subscribers goes a long way in helping your company deliver targeted messages to the right audience.

4. Mobile: As you’ve likely noticed, everyone has a smart phone these days. Last year, mobile ad spending rose by 62% , reaching $6.4 billion. This area is growing faster than almost any other digital effort. If you want to make sure you’re reaching customers in today’s constantly connected culture, mobile marketing is key.

5. Analytics: It’s all about the numbers. Research shows that spending on marketing analytics is expected to increase 60% by 2015. If you’re not collecting and analyzing the data, you’re not getting the most out of your marketing dollars. And you’re likely missing out on a ton of opportunities.

So, there you have it. Those are our thoughts on how to get the most bang for your buck, even in tough times. What do you think? What areas are on your own not-to-cut list? Let us know in the comments.

By: Bethany Nguyen

You Don’t Always Have to Go Back to the Drawing Board with Your Website

Shhh…don’t tell your designer friends I said this. When it’s time to upgrade your firm’s website, the truth is…you don’t always have to build the whole thing from scratch.

Before the hate-mail starts pouring in from professionals of all disciplines, let me provide a disclaimer and then follow up with some explanation.

Some firms DO need to redo their whole website. Seriously, there are some bad ones out there from a functionality, design and marketing point of view. The rest of this post is not for those firms.

I may be biased, but one of the best aspects of offering marketing services beginning with strategy development and carrying all the way through to execution and monitoring is that we focus on the big picture, not just the completion of a project. We also don’t have a vested interest in providing one service over another – we just want to achieve a goal, your goal, in the most efficient and effective way possible. Depending on your goal, the answer for every problem or new need isn’t always a start-from-scratch rebuild. There are other options, like…

Facelifts – You might be getting tired of the way your site looks. Most A/E firms do after a few years. If your site is built on a sound platform (like WordPress or another CMS), it functions the way you’d like it to, and is performing well with regards to SEO, you might just need to do a “reskin” or fresh design. Depending on how things were built in the first place, a redesign doesn’t have to mean an entire new back-end, and a reskin can literally save you thousands of dollars.

Additions and Renovations – Occasionally websites launch and then after a year or two the team says, “I wish we would have included our Twitter feed.” Another common example for architecture firms or contractors is when the portfolio section misses the mark with dated navigation or poor SEO. Now, it isn’t always seamless for a new vendor to get into existing code and make improvements, but it’s possible. Enhancing an existing site by upgrading interactive features, adding forms or building up valuable content is a definite option when the overall look, feel and functionality of your site are still making you happy.

Repairing the Foundation – A less common option (and perhaps the least popular option among the design community), is the rebuild of a website on a new content management system while keeping the existing design the same. The bottom line is that sometimes sites aren’t built with the admin in mind or the capabilities of the in-house team change. Instead of starting over with fresh information architecture and going through the design process for a website, it can be just a matter of moving from one platform or CMS to another and increasing the admin’s usability. Your website is much more than a visual representation of your brand, and there are times when everything behind the scenes needs an overhaul, but the design still stands.

The takeaway for us is, there are always options! Often, it is in the best interest of your firm to take a clean cut at a website redesign with all the new bells and whistles. But one size doesn’t fit all, and occasionally architecture and engineering firms need a little more flexibility in the approach to web upgrades.

It’s All About the List

This post comes to us originally from Karen Nussle at Ripple Communications. Karen is a great friend and a PR dynamo working with lobbying firms and a host of other high-profile clients in and around the political scene. While this piece isn’t written specifically for architecture, engineering or construction firms – the message is right on target. It’s crucial to know who you’re communicating with and why. The more time spent understanding and segmenting your list, the more effective your communications will be.

Enjoy her post…

 

As a marketing professional I am constantly amazed by the vast amount of time and energy organizations put into developing marketing materials and tools only to spend little time considering who they will send them to. Hundreds of man and woman hours going into designing the company brochure — that sits in the storage room. Committees that get formed to design and create content for a company e-newsletter — and no thought as to whose inbox it will be delivered to. Regardless of your type of organization — corporate, nonprofit, government — and regardless of your expertise — legal, advocacy, political, policy, trade, business development — the key to success for your marketing effort, will be your list.

It’s all about the list.

Who is on your list? How did they get there? When was your list last updated? Who maintains it? What do you to do grow it? How is it segmented?Often businesses treat their contact list as an afterthought, a collection of names and numbers to glance over once the quarterly newsletter is ready to send out. It’s is by far the least glamorous activity in marketing – list management. Yet nothing matters more. Success is all about the list.

What’s the big deal about the list?

Regardless of the role you play within your organization –member recruitment, external relations, media relations, fund development, marketing, sales, government relations, social media –all rely on tracking key contacts and developing new ones. All rely on a LIST!

A solid, up to date, complete list of contacts ensures a reliable audience for your message. Reaching out to a known audience is the only chance you have to be successful and meet your numbers. All other marketing activity is random at best. The time and attention you spend on cultivating your list –current contacts AND new ones –is the key to your success.

It’s all about the QUALITY of the list

So you have a list, you say? Is it any good? Do you even know? How often do you review it? It’s important to make the list a part of your organization or department’s weekly routine. Someone should be assigned the responsibility of tending to it, keeping it updated and relevant. And once you have a master list, it should be broken down into relevant sub-lists based on your business goals and the types of communications you intent to send. Current clients are on a different list than prospective clients. Your media contacts may need to be segmented by issue areas. It’s fine if people overlap and exist on multiple lists, but you need to have the ability to send targeted communication to your contacts that will be relevant to their own interests. Otherwise, they will ask to be taken off your list!

Flex the list

Once your list is in order it’s time to use it. Determine a schedule of communication activity and the types of content the members of your list will find most relevant. Then get to work being a resource. We’ll be writing more on content in the future –that’s not the point of this post. The bottom line is figure out how to best put your list to work for you. How often to use it and with what targeted groups.

Grow the list

Once you’ve started using your list you will start to see its value immediately, so the next question is how do you grow it? Every day, every week you should be adding potential clients and other “important contacts” to your list to expand your reach and the number of people who are exposed to your smart thinking and solutions.

And remember to remind yourself and your team regularly – it’s all about the list.