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Dropping the Ball

The following article was originally published at www.raintoday.com. It has been republished on The CEO Marketer.

When it comes to marketing, most CEOs at B2B companies make lousy catchers, and even worse pitchers.

It’s tough to find a CEO that really loves to talk about marketing. Business owners, presidents, and CEOs pack into sales seminars, but similar marketing events are filled only with marketing directors and marketing VPs, with few CEOs in sight. And yet, in which area of the business do you think the CEOs are dumping more money without a measurable return, marketing or sales?

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The True 4 P’s of B2B Marketing for CEOs

The following article was originally published at www.emeraldinsight.com. It has been republished on The CEO Marketer.

If you have been to a marketing seminar you have almost definitely seen a PowerPoint slide titled, “The 4 P’s of Marketing.”  The problem only arises if the marketing seminar was directed at helping you market your B2B company. The traditional 4 P’s of marketing support B2C marketing and are all but irrelevant when managing the marketing and selling of complex B2B products and service-based solutions.

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Lean Marketing

The following article was originally published at www.evancarmichael.com. It has been republished on The CEO Marketer.

Consider Six Sigma and Other Lean Manufacturing Concepts to Bring More Science to The Problem of Improving the Sales Process and Measuring Marketing

“And whenever a workman proposes an improvement, it should be the policy of the management to make a careful analysis of the new method, and if necessary conduct a series of experiments to determine accurately the relative merit of the new suggestion and of the old standard. And whenever the new method is found to be markedly superior to the old, it should be adopted as the standard for the whole establishment” (Frederick Winslow Taylor, Principles of Scientific Management, 1911).

Malcolm Gladwell, Seth Godin, and Geoffrey Moore are wonderful thinkers in the field of marketing. The concepts and methods that they promote have done a lot to further marketing thinking while shaping strategic approaches that produce more effective outcomes for their followers. However, when it comes to the challenge of measuring marketing there is still a hole in the field of marketing waiting to be filled.

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Landing Page Split Tests Even a CEO Could Perform

One of the essential tools of any internet marketing professional is a good landing page. This is the page that visitors “land” on when you send them to your website. Whether you buy visitors from Google AdWords, drive them to your site with email marketing or have an active Twitter account, they have to (or, at least, they should) end up somewhere designed to convert them from inquiry to lead. Sending people to your home page is a mistake – it’s like you are blindfolding them, spinning them around in circles and then telling them to get their bearings and find what they want themselves. It is much – MUCH – better to send them directly to a targeted page offering exactly what they want. Enter the landing page.

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Marketing Is Not A Cost – A CEO Who Doesn’t Understand Marketing Is!

If I had a nickel for every time I’ve heard a CEO say, “we want to get as much marketing as possible for the least amount of money,” I would be a rich man.  Believe me.  I have measured it. Why is it that so many CEOs and their management teams are still approaching marketing from the position that it is a cost?  Because they have absolutely no metrics to justify how they are spending their marketing dollars.

Most CEOs of privately held Business-To-Business organizations have not taken the time to measure what their customers are worth to them over their lifetime, and so they have no way to build a rationale for what they are willing to spend to win more customers.

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