selling marketing to your cfo

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Selling Marketing to Your CFO John Elmer, Chief Marketing Officer Ingrain, Inc.

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Case history of building the marketing function at a technology startup. How to show ROI on marketing to justify your budget to the CFO.

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Page 1: Selling marketing to your CFO

Selling Marketing to Your CFO John Elmer, Chief Marketing Officer Ingrain, Inc.

Page 2: Selling marketing to your CFO

vRockTM

Page 3: Selling marketing to your CFO

vRockTM

Page 4: Selling marketing to your CFO

Ingrain revenue growth

Page 5: Selling marketing to your CFO

“I have just one word for you: Metrics”

Page 6: Selling marketing to your CFO

Barry Stewart, Ingrain CFO

• “The key activity for marketing is value creation – driving not just revenue, but brand valuation.”

• “As a startup, Ingrain must show outside investors that our brand value goes beyond revenue.”

• “In my experience, most marketing managers don’t take the time to show the linkage between marketing programs, revenue and brand equity.”

Page 7: Selling marketing to your CFO

Ingrain Marketing uses Salesforce.com to manage the metrics that drive our customer focus.

Page 8: Selling marketing to your CFO

Marketing designed Ingrain’s value-based sales methodology

Page 9: Selling marketing to your CFO

Marketing tracks KPIs at each stage of Ingrain’s value-based sales process.

Page 10: Selling marketing to your CFO

Marketing ROI is also reported in Salesforce.com

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Ingrain website: Google Analytics

Top Companies Visiting Ingrain Website 2009

Company Unique

Visitors Pages/Visit

Schlumberger 148 5

ExxonMobil 111 6

Saudi Aramco 109 6

Chevron 78 7

Talisman 74 5

Baker Hughes 61 8

CoreLabs 60 7

ConocoPhillips 53 5

Statoil 50 6

Shell 48 5

BP 47 5

Halliburton 41 7

Marathon 39 6

Oxy 33 3

Anadarko 26 4

ENI 24 5

Weatherford 21 3

Page 12: Selling marketing to your CFO

Other resources for Marketing ROI metrics

Page 13: Selling marketing to your CFO

Barry’s Advice on Winning Over Your CFO

• Trust is built up over time. Deliver consistently against your own plan.

• Keep other C-Level managers updated on your progress against your plan.

• Make sure that marketing is embedded into sales. Ingrain marketing did this by developing the sales methodology and deploying it through Salesforce.com.

• At budget review, your marketing budget will be ranked against all other budgets for funding. Marketing’s challenge is demonstrating the linkage between marketing programs , revenue and brand value -- a tangible display of ROI. Show exactly how you will create next year’s revenues.