Few Companies do Do Effective Marketing Performance Measurement

David RaabDavid Raab had a great analysis on his blog back in October 2009. If you are interested in demand generation, I urge you to purchase the Raab Guide to Demand Generation Systems.

You can read the whole article here. Damning with faint praise, I call this. What’s the marketing take-way?

Every wants to be good – few really are good.

Frankly, the struggles of so many firm with best practice demand generation is why Find New Customers introduced the Marketing Automation Acceleration Service.

David Raab’s post

The latest addition to my collection of surveys about marketing measurement is The Marketing Performance Advantage, a joint effort from strategic marketing consultants CMG Partners and market researcher Chadwick Martin Bailey. Based on 400 online interviews among CFOs, CEOs and marketing employees of companies with 100+ employees, this is one of the larger and more sophisticated studies on the topic.

One-Quarter of Companies Measure Marketing Performance Effectively

The main finding is that about one-quarter of marketers feel they do an adequate job of measurement. This matches other studies on the topic. The survey asked several questions along those lines:

– 20% say their company “excels” at measurement
– 22% “excel” at using measurement-based insights to drive improvement
– 24% see a positive impact from measurement, and
– 27% have fully integrated measurement into marketing planning

The study also resembled other research in showing that many more marketers list measurement as a top priority (44%) than actually do it.

End of David Raab’s Post

The conclusion is clear. To become best practices, companies need to work with high quality expert organizations like Find New Customers. They simply cannot make change happen in-house. For some great insights on how to effect change in your business, read “Sow Seeds of Discontent.

What do you think of this post? We love comments and make it easy to share.

Due to domain theft, we had to make some changes.

Jeff Ogden, the Fearless Competitor, is President of Find New CustomersLead Generation Made Simple.” He’s also the author of three highly acclaimed white papers

  1. How to Find New Customers (sponsored by Marketo,)
  2. Definitive Guide to Making Quota, and
  3. Moving from Transactional to Conversational Email Marketing (sponsored by Genius.com)

as well the e-book, Prospect Driven Marketing (with Communication Strategy Group) and holds a degree in Marketing from the University of Notre Dame. (Notre Dame is teaching B2B marketing to the next generation using this content.

Find New Customers helps business develop and implement programs to drive more sales leads by improving the way they find and acquire new customers using best practices in lead generation.

One thought on “Few Companies do Do Effective Marketing Performance Measurement

  1. Glad you enjoyed the post Jeff. I quite agree that most marketers will need help from people like you with improving their measurement capabilities, and using marketing automation in general. On the specific issue of measurement, I do see a glimmer of hope for progress based on the (relatively) new approach of measuring stages within the purchase funnel rather than trying to measure final results directly. See http://bit.ly/a2U4re for details.

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