The Case for “Fun Money” in Your Marketing Budget

Ilene Rosenthal, CEO

Here’s a question we don’t ask ourselves enough: What happens when this year’s marketing allocation actually works?

Of course, we know what happens. Better brand awareness. More customers. Increased sales. Company growth.

But what does it mean for next year’s budget?

Well, the obvious move is that you take next year’s budget and allocate it for most of the stuff that worked. This makes sense—you want more of everything referenced above, so you need the funds to keep that engine running.

I’m more curious about budgeting for the “stick your neck out” kind of stuff. The never-been-done, creative strategies you test next year with one eye firmly on the future. The long plays—the ones that might not get reported as part of your weekly KPIs, but those that represent ambitious opportunities down the road.

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Topics: marketing strategy, strategy, marketing, business strategy, CEOs, B2B marketing, Founders, B2B, small business, sales strategy

Sales and Marketing Teams: Stop, Collaborate, and Listen

Ilene Rosenthal, CEO

I’m feeling thankful as Thanksgiving approaches, as I hope you are too; thankful for the moments in my work and personal life that feel collaborative and supportive. 

When it comes to working with my sales partners in the journey toward customer acquisition, they know the equation is 1+1=3 in sales and marketing. We need each other like my turkey needs its cranberry sauce. (Corny but true: I make a knock-out version that I’m willing to share if you ask.)

But for many organizations, sales and marketing teams are not aligned.

It’s a mystery to me, but so often marketing and sales leaders—and their teams—remain siloed. Sure, there are moments where the two work together beautifully, but on the whole, it’s a relationship that’s workable at best—and antagonistic at worst.

It doesn’t make any sense. CEO’s lose patience with this petty arm wrestling. Sure, they focus on different parts of an organization’s revenue cycle and are measured on different KPIs as well, but at their core, both teams want the same thing: for customers to find the products and solutions they need, to find a provider who can solve their problems, and results to drive a profitable business.

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Topics: marketing strategy, strategy, marketing, business strategy, CEOs, B2B marketing, Founders, B2B, small business, sales strategy

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