Do you feel you have the full support of your CEO for your marketing plan?
I caught up with with a colleague who coaches marketers. He has a lot of experience to offer but he often feels like his hands are tied.
He voiced his frustration to me: “Nearly everyone I talked to say they knew all of the best practices but can’t execute them because they don’t have executive support – and the budgets that come with it.”
I feel his pain. Unfortunately, as much as I wish I could write a blog titled “The Three Easy Steps to Convince Your CEO to Say ‘Yes,’” it’s just not that simple. After all, no organization has the same politics and culture.
Attaining executive buy-in and the support that comes with it too often requires intense financial, organizational and behavioral analysis. But I do have some at-a-glance, high-level advice that will point you in the direction to get to that “yes.”
#1. Identify executive priorities
I realize not every marketer can hold court with the CEO, but, at a minimum, you need to understand and speak the CEO’s language. They could care less about clicks or responses. They want:
- More sales accepted leads
- More revenue
- Shorter time-to-revenue
- Improved marketing-to-sales expense
- Reducing Cost of Customer Acquisition (CAC)
- Increasing lifetime customer value (LTV)
Show how your ideas can definitively improve the CEO’s top and bottom lines. Identify what’s in it for them, and keenly focus on that.
#2. Analyze your sales organization
Find out how much time the sales team spends on prospecting. A survey for one of our clients revealed that the sales force spent more than 40% of their time trying to generate leads instead of working on closing deals.
How much would 40% of your company’s sales payroll add up to? That would probably more than pay for a generation campaign. Read more about how sales productivity can be turned into a bigger marketing budget:
- How to get funding to improve your lead gen
- Four Steps to Convince CEOs that Lead Generation Should be a Marketing, Not a Sales, Function
#3. Show what others have done
Find case studies that illustrate the success of other companies like yours. They should outline the steps that were taken and financial results. Excellent sources of case studies include:
#4. Huddle with your sales team
During a huddle, a team looks at their last play – what worked and what didn’t – then uses that information to decide their next move. Do the same with your sales team so you know what you’re doing right and what you can do better, and how your efforts are directly leading to closed deals (or not). In the process, you’ll enhance communication and ultimately, build a broader base of support.
Learn more about the value of huddling in this blog: Closed Loop Feedback: The Missing Lead Generation Huddle, then watch this video where Michelle Mogelson Levy, Associate VP of Marketing Programs for ECI Telecom, explains how huddles transformed her marketing organization.
#5. Develop a pilot to test and optimize
In this blog, Lead Generation: 4 critical success factors to designing a pilot, Dave Green, advises to clarify your objective, then build a pilot around the low-hanging fruit to achieve it.
Your goal is to get the economic space you need to experiment, test, course-correct, test again, and repeat the best-performing process.
For a practical, step-by-step outline on designing a pilot, read this blog: Landing Page Optimization: How to start optimization testing and get executive support. I think its precepts could apply to virtually any marketing project.
Share your thoughts
What have you done that convinced the C-suite to give you the support to move forward? What are your success stories and lessons learned? Do you have any additional recommendations? Tell me about them in the comments below. I’d love to hear what you have to say about this very challenging topic.