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Page 1: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%
Page 2: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%

Evolution of marketing.

• Print (magazines, newspapers, etc.)

• Broadcast (TV, radio, etc.)

• Direct Mail (catalogues, postcards, etc.)

• Telephone (telemarketing, etc.)

• Outdoor (billboards, fliers, etc.)

Back in the day we relied on“TRADITIONAL” advertising ….

Page 3: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%

Evolution of marketing.

• Website• Search Engine Optimization• Local• Paid (Display, Pay-Per-Click)• Social (Organic and Paid)• Mobile• Email

More recently we relied on “DIGITAL” advertising ….

Page 4: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%

Evolution of marketing.

TODAY WE MUST USE THE BEST OF BOTH WORLDS

Page 5: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%

STOPTraditionalmarketing doesn’t work.

Page 6: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%

It’s for old people.

• 84 % of Millennials take the time to look through their mail

• 64% would rather scan for useful information in the mail than e-mail

• 92% of 18- to 23-year-olds find it easier to read print over digital content

• Direct-mail marketing response is 37% higher than the email rate

• When making purchasing decisions, consumers trust print advertisements 34% more than they trust search engine ads

Traditional marketing doesn’t work.

Page 7: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%

It’s difficult to track

Specific tracking is possible.

• Top response rate tracking methods:

• PURLs (61%)

• Tracking Numbers (53%)

• Offer / Coupon (42%)

• Direct mail can boost the overall effectiveness

of a cross-channel effort

Traditional marketing doesn’t work.

Page 8: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%

It’s costlyEven if it is more expensive, there is a high return on investment.• Response rates jumped almost 3 times from just a

few years ago

Integration is challengingIs not an issue with integrated strategy.• Establish integrated strategy • Hold internal teams accountable to the strategy• Choose vendor/partners wisely

Above data from the Direct Marketing Association (DMA) and The USPS Household Diary Survey

Traditional marketing doesn’t work.

Page 9: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%

“I don’t need traditional marketing.

I have an effective digital campaign.”

Page 10: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%

Digital is critical.

• Demographic Targeting

• Real-Time Analysis & Optimizations

• Reach Your Target Audience Where They Are

• Personalized Messaging Based on Data

• Cost-Effective Mass Marketing

• Detail Tracking

• High Use Engagement Rates

• Easy and Effective A/B Testing

Page 11: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%

DIGITAL• Provides visibility

among active prospects

• Collects tremendous amount of data to reach audience where and when they spend time online

TRADITIONAL• Builds brand

awareness among passive customers

• Expands your customers base

• Used more for making purchasing decisions

Choose Best of Both Worlds…Choose 360° Marketing

Page 12: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%

Integrated Marketing

Omnichannel Marketing

360°Marketing

Page 13: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%

the process of delivering

a consistent, cohesive, continuous

and relevant content experience

to your audience across

multiple channels.

360° Marketing is…

Page 14: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%

also known as a way of looking at

the whole marketing process from

the view point of the customer.

360° Marketing is…

Page 15: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%

Why do

you need a

360° Marketing

Strategy?

Page 16: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%

“Good Old Days” Shopper Journey

Page 17: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%

Today’s Customer Journey is a Multi-Channel Experience...

Page 18: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%

visited leasing center

Page 19: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%

Improves Marketing Effectiveness

Boosts Performance

Increase Return on Investment (ROI)

Additional Benefits of 360° Marketing Strategy

• Email drive’s traffic to websites

• Direct mail prompt’s online search

• Tradeshows build email lists

• Targeted print ads find new customers & influence decisions

• TV reaches mass audience driving online search

• Radio drives online search and website traffic

Page 20: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%

Improves Operational Efficiency

Minimizes Interdepartmental Conflict

Reduces Costs from Duplication of Efforts

Additional Benefits of 360° Marketing Strategy

Page 21: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%

Builds brand equity with

consistent, clear messaging

across all touchpoints

reaching more buyers.

Additional Benefits of 360° Marketing Strategy

Page 22: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%

When was the

last time you took

a 360° look at

your marketing

strategy?

Page 23: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%

Print9%

Promo9%

Digital47%

SEO5%

PPC5%

Direct Mail5%

Tradeshow5%

Social5%

Advertising5%

Other5%

Print2%

Promo18%

Digital19%

SEO7%PPC

7%

Direct Mail19%

Tradeshow9%

Social9%

Advertising5%

Other5%

How Should Your Marketing Budget be Allocated?

Page 24: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%

suggests…

50% Brand DevelopmentWebsite, Blogs, etc.

50% Business Promotion Advertising, Events, etc.

How Should Your Marketing Budget be Allocated?

Page 25: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%

We like to start

at the beginning.

Page 26: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%

Real EstateSales or RentSingle Family Homes, Condos

TechnologyService or ProductRecruiting

LandscapingCommercial, ResidentialMaintenance or Install

FinancialBanking, MortgagesCommercial or Personal

EducationPrivate School, Higher EducationSeminars

Legal ServicesCorporate Law, Family Law

Accounting ServicesCorporate, Individual, Tax

IT ServicesSoftware, HardwareManaged IT Services

What Are You Selling?

Page 27: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%

Who is your buyer?

Page 28: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%

• How do they behave?

• What are the specific demographics?(age, social status, education & gender)

• Where do they work? Where do they live?

• What are your customers’ • lifestyles, values, needs, or opinions?• hobbies and interests?

• What are the key phrases or quotes they would use to describe their problems?

• What problems do they face that your company can solve?

• How will your product or service remedy these problems?

Define Your Target Audience?

Page 29: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%

Why do they

buy from you?

Page 30: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%

What Your Company Does Well

What Your Competitor Does

Well

What the Customer Wants

r

s

a x

• Your Experience

• Reliable Service

• Emergency Response

• Innovative Technology

• Guaranteed Services

• Faster

• Stronger

• Better Value

r

s

x

a

Losing ZoneYour competitors’\meets the customers needs

better.

RiskyCompetitive battleground.

Who Cares

USPClear points of difference that meets the customers’ needs.

Why do they buy from you?

Page 31: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%

SUCCESS!You now know

What

Who

Why

Page 32: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%

Print10%

Promo10%

Digital30%

SEO10%

PPC5%

Direct Mail10%

Tradeshow5%

Social10%

Advertising5%

Other5%You will know

how and where

to advertise &

what story to tell with a

complete 360° view.

Develop Your 360° Marketing Plan and Budget

Page 33: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%

Deliver your story through

consistent

cohesive

continuous

complementary content

across multiple channels.

CONSISTENT

COHESIVE

COMPLEMENTARY

CONTINUOUS 4 C’s

Craft & Communicate Your Story

Page 34: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%

Audit Your Existing

Marketing Materials

and TacticsLogo, Print, Digital, Tradeshow, Promo, etc.

Collaborate with Your

Internal Teams

Consult with Your

Vendors/Providers

Ensure Alignment

Page 35: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%

The foundation of your brand is your logo.

Page 36: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%

What does your logo say about you?

Page 37: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%

When is the last

time you updated

your logo?

Page 38: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%
Page 39: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%

What does your logo say about you?

Page 40: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%
Page 41: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%

Some brands even evolve their names

Page 42: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%

Is it Time to Update Your Logo?

Page 43: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%

Is it Time to Update Your Logo?

Page 44: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%

Control and Protect Your Logo.

Page 45: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%

SAMPLES OF

consistent

cohesive

continuous

complementary content

Page 46: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%
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Page 57: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%
Page 58: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%

What should

you spend on

marketing?

Page 59: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%

suggests…

Percentage of

gross sales 3-5% start-up

2-3% existing

7-8% Less than $5 million

According to SBA

*assumes you have margins in the range of 10-12 percent (after you’ve covered your other expenses, including marketing).

If your margins are lower than this, then you might consider eating more of the costs of doing business by lowering your

overall margins and allocating additional spending to marketing. It’s a tough call, but your marketing budget should never be

based on just what’s left over once all your other business expenses are covered.

Page 60: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%

Industry CategoryMarketing Budget /

Revenue

Overall 6.90%

B2B Product 6.40%

B2B Services 6.80%

B2C Product 8.60%

B2C Services 7.30%

Industry CategoryMarketing Budget /

Revenue

Banking / Finance / Insurance 3.90%

Communication / Media 6.60%

Consumer Packaged Goods 11.00%

Consumer Services 17.40%

Education 18.50%

Energy 2.20%

Healthcare 6.20%

Manufacturing 3.20%

Mining / Construction 2.00%

Service Consulting 9.40%

Retail / Wholesale 3.80%

Tech/Software/Biotech 8.50%

Transportation 11.20%

CMO Survey conducted by Deloitte

Page 61: Evolution of marketing. - Millennium Marketing Solutions€¦ · Marketing Budget / Revenue Overall 6.90% B2B Product 6.40% B2B Services 6.80% B2C Product 8.60% B2C Services 7.30%

THANK YOU THANK YOU