How are you spending your marketing dollars?
Published 20060905 by Olivier Blanchard | E-mail this post
Okay... after a long weekend of racing and celebrating, let's get back to the Marketing world with some sobering
we-told-you-so numbers.
The results of this study are brought to us by Connected Marketing (via our neighbours at Brains On Fire):
18%: Proportion of TV advertising campaigns generating positive ROI
54 cents: Average return in sales for every $1 spent on advertising
256%: The increase in TV advertising costs (CPM) in the past decade
84%: Proportion of B2B marketing campaigns resulting in falling sales
100%: The increase needed in advertising spend to add 1-2% in sales
14%: Proportion of people who trust advertising information
90%: Proportion of people who can skip TV ads who do skip TV ads
80%: Market share of video recorders with ad skipping technology in 2008
95%: The failure rate for new product introductions
Don't you think for one second that advertising is not effective. I know it's an easy conclusion when you look at these numbers. The trick is to make sure you don't think of the problem in terms of "what," but rather in terms of "how." (Wrap your minds around that!)
So... over the next twelve months, how are you planning to spend the lion's share of your marketing dollars anyway?
Technorati Tags: advertising, ROI, marketing, advertising, tivo, product introduction, F360, marketing strategy, marketing study
0 Responses to “How are you spending your marketing dollars?”
Leave a Reply