Good News for Marketing Budgets…?

Forbes Insights released the results from a study that surveyed marketing executives on their spending habits and their expectations for the coming year. A significant portion of the executives surveyed reported that they expect budget increases in the coming year. But the part of their organizations in which they expect to see the most growth was measurement as marketers continue to work to prove their worth through ROI. Nearly 65% said that the main reason for wanting to increase marketing efficacy was to prove its worth to senior executives.

So, as these key marketing executives remain optimistic about spending, they also remain acutely aware of proving their own value. That should function as an imperative for all marketers to make sure that they are measuring and optimizing every experience, no matter what channel they’re working in.

Within your own organizations, have you noticed changes in how you demonstrate the ROI of your marketing efforts? Is the need for explicit demonstrations of a return on investment necessarily a good thing? While we have better measures of the cause-and-effect efficacy of specific campaigns, does the need for capturing specific metrics prevent us from taking chances on big ideas? As always, we want to hear your thoughts in the comments below!

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About Joshua Hoffman

Joshua Hoffman is Technology Specialist at Microsoft and a frequent contributor to Research Access.

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  1. […] not sure I know what to say over the study results just posted over at Research Access that sites a Forbes Insights study which has some good news / bad news […]

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