Admin
Wednesday, 16 May 2012 16:44

Marketing spring cleaning

According to research conducted by Forrester Research, B2B firms have seen an average increase of 6.8 percent in their allocated marketing funds this year as compared to 2011. This budget expansion is a reassuring sign that the economy is picking up and B2B organizations are beginning to see substantial growth in revenue giving their marketing efforts an invigorating boost of capital.

After a few years of marketing budget drought, the new challenge for B2B marketers is figuring out the best ways to invest their funds. Although an increase of 6 percent or more may sound amazing, some of these budgets had been slashed to the bone and even with the increase, funds haven't yet returned to the point they were at five or six years ago.

As an agency, we suggest that our clients begin by taking a close look at their marketing activities. Nothing works better than developing a fresh marketing plan to assess where your business stands versus where you want it to be, and how you'll get there. This exercise is invaluable. Having a realistic view of where your business is positioned in the market in relation to your competition is the best reality check.

Published in The Marketing Edge

Advertisements

The Maine Edge. All rights reserved. Privacy policy. Terms & Conditions.

Website CMS and Development by Links Online Marketing, LLC, Bangor Maine