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Brands’ cost-cutting moves are costing them customers

Martech

Nearly two-thirds of customers (62%) say they’ll stop buying from brands who do this, according to a new Gartner report. More than half of consumers (56%) reported seeing instances of shrinkflation (reducing size or quantity of packaged goods without reducing the price) in food and groceries. can costs 99 cents.

Cost 105
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Financial analysts say marketing is an investment, not a cost

Sword and the Script | B2B

The “Brand Finance Investment Analyst Survey” polled more than 200 financial analysts who “cover publicly listed companies in the United States and United Kingdom.” The survey had three findings that stood out to me: 1. The purpose? This is cited ahead of leadership quality (76%) and technological innovation (72%).”

Cost 93
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How Much Leads Cost

ViewPoint

I review a lot of content on this topic and am amazed at what I find written about lead cost. For example: “The average cost per lead across all the companies surveyed is almost $200 ($198.44).Admittedly, see marketing charts analysis of HubSpot’s “2017 Demand Generation Benchmarks Report” ). per gross lead).

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Failure to get the most out of data clean rooms is costing marketers money

Martech

Despite the widespread use of data clean rooms (DCR), less than a third of marketers are leveraging DCRs’ full capabilities, according to a new report. Nearly half (47%) of marketers are using clean rooms for data privacy, regulatory compliance and audience activation, according to the IAB’s “State of Data 2023” survey.

Cost 114
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Reduce marketing costs by reducing your translation costs

SmartBrief - Marketing

A recent Marketing Dive story reported that marketing budgets account for 9.1% That same survey found that 86% of marketers stated the need for significant changes in the marketing function to achieve sustainable results. While that percentage may seem insignificant, those costs add up: translation is a $38 billion industry.

Cost 52
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Do Self-Service Systems Really Lead to Better Results? Our Member Survey Offers Surprising Answers to Industry Questions

Customer Experience Matrix

The CDP Institute just published its annual Member Survey, which is always a treasure chest of interesting data. That has been true since the survey began in 2017 through last year’s survey: both CDP deployment and presence of a unified customer database have increased steadily. But both measures fell in the current survey.

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The cost of bad communication is skyrocketing — what CMOs need to know

Martech

Yet, many do not realize there is one overlooked issue that’s seriously costing their organizations—one that, if addressed, could significantly enhance their business: poor communication. Nearly all business leaders surveyed (93%) acknowledge that effective communication is the backbone of their business.

Cost 109