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How to optimize your marketing budget: Do more with less

Sprout Social

With an economic downturn looming, it’s not surprising around 75% of CMOs report being asked to do more with less in a Gartner survey. Marketers are finding it increasingly difficult to set the right budget, optimize it and keep the leads flowing. This will give you an idea of what your marketing budget should be.

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Gartner: Give up on the complete view of the customer

Martech

Almost half of the most advanced CDP users have significant challenges with data integration, Gartner’s Matt Wakeman told an audience at Marketing Symposium. Blowing up conventional wisdom This was the week Gartner analysts set about exploding some very familiar ideas about customer data collection and management. The conclusion?

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Six Proven Strategies to Build Customer Relationships and Brand Loyalty

Webbiquity

According to Gartner , B2B buyers today spend only 5% or 6% of their time with sales reps while comparing multiple suppliers. Gartner also found that when B2B buyers are making purchase decisions, they spend most of their time independently researching the brand online. Embrace automation tools.

Loyalty 314
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Survey: 58% of Marketers Decreased their Martech Budgets Due to COVID-19

KoMarketing Associates

Gartner recently published the results of its “2020 Marketing Technology Survey: Cost Pressures Force Martech Optimization and Innovation,” and statistics showed that the majority of marketers (58%) decreased their 2020 martech budget as a direct result of the pandemic. Marketing Budgets and the Impact of the Pandemic.

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69% of Marketers Intend on Boosting Their Martech Spend

KoMarketing Associates

As business rebounds, marketers need analytics and attribution software to connect the dots between marketing actions and revenue. Out of those who dropped their martech budget, 39% shifted their focus to existing vendors and internal users to further existing tool adoption strategies without having to purchase new martech.

Spending 292
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An Updated Look At the State of Marketing Budgets

B2B Marketing Directions

Image Source: Gartner, Inc. Last month, Gartner released the findings of its CMO Spend Survey, 2021. The Gartner survey was conducted from March through May of this year. Gartner expressly noted that the results of this survey do not represent the market as a whole, but only reflect the sentiments of the respondents surveyed.

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How to Effectively Save Your Tech Business Thousands of Dollars In the Next Year

Webbiquity

Despite growing demand for networking solutions, security software and IT services, these operations can still run into money problems, even when things are going well. Simple cost-saving strategies can go a long way in reducing spending on everything from day-to-day operations to business marketing. Optimize Your Working Space.