Ian Lurie // Jan 9 2014
Dear Chief Marketing Officers:
For nearly 20 years, we have worked together to build digital marketing as a discipline. You’ve trusted digital agencies like mine with your consumers, your brand, and your marketing dollars. You’ve taken the risks and the responsibility, while your digital agencies have responded with clicks, likes, and an avalanche of data but offered very little valuable insight.
Many agencies at one point or another have pointed fingers at IT, your branding team, your legal team, Google, Facebook, and anything else we could find. How often do agencies actually hold themselves accountable rather than play the blame game?
Not enough, I admit.
Otherwise, digital would likely be more than 25% of your marketing spend – a lot more. Sure, digital’s 25% budget share represents incredible growth – possibly the fastest growth of any channel, ever. But you’re still pouring 75% of your budget into television, print, and radio.
So I wonder: If digital marketing is more measurable, more effective, more efficient and agile, why doesn’t it dominate the marketing budget?
Well, here’s why:
Far too often, agencies have let data drive the campaign, which makes digital marketing seem like a sure thing. And so, you go to the rest of the C-Suite and say the same thing: This campaign is a lock – it’ll generate huge revenue. Increase the budget – this is a zero-risk proposition!
But risk is based on reality, not reports. Risk is subjective, and data alone won’t measure it. Data alone can’t make strategy, because customers aren’t algorithms. They’re people. They’re, well, messy.
But that promise of low risk magnifies failure. If it’s low risk, why did you fail?
When we push data first, we marginalize talent – your talent, and mine. We marginalize creativity. We ignore that fact that all the data points in the world will never replace the consumer insight of a great CMO, his team, and his agencies.
As a CMO, you don’t just manage marketing. Your job is far larger: You have to guarantee your company’s future by understanding the wants and needs of your customers. Your job demands that you double down on digital.
That only happens if agencies like mine do our job. We need to help you develop and implement that vision, and deliver value to those customers, no matter which screen they’re using. And all the spreadsheets in the world won’t accomplish that.
We need to make 2014 the year of digital marketing, not spreadsheets. In 2014, we all need to:
Most important, we need to do something radical: We need to launch campaigns with a big idea, not big data.
Oh, don’t worry. I love data. I’ll never stop using it to test assumptions and gain insight into campaign performance. Data is the ingredient we’ve always been missing.
But as digital continues to gain ground in 2014, let’s make sure that data doesn’t replace the soul of marketing. Help digital agencies do just that, and we’ll help you strengthen your company’s future.
Portent, Inc. – An Internet Marketing & Technology Company
Ian Lurie is founder and CEO of Portent Inc., an internet marketing agency that has provided internet marketing, including PPC, SEO, social and analytics services, since 1995. Read More