91% of senior corporate marketers believe that successful brands use customer data
to drive marketing decisions
Yet, 39% say their own company’s data is collected too infrequently or not real-time enough
And 51% say that a lack of sharing customer data within their own organization
is a barrier to effectively measuring their marketing ROI
65% of marketers said that comparing the effectiveness of marketing across different digital media is “a major challenge” for their business
37% of respondents did not include any mention of financial outcomes when asked to define what “marketing ROI” meant for their own organization
57% are not basing their marketing budgets on any ROI analysis
22% are using brand awareness as their sole measure to evaluate their marketing spend
Let’s pose the question this way. If someone came to you and said, “We’d like you to invest $20,000 in this opportunity, but we’re not going to tell you whether or how much it benefits you,” would you accept that offer? Probably not. However, the above statements demonstrate that many companies do just that with their marketing investments. A key factor in fixing many of these problems is improving the communication between your sales and marketing teams.
How communication between marketing and sales should work
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