In the dynamic realm of marketing leadership, the tenure of VPs of Marketing and Chief Marketing Officers (CMOs) can be surprisingly short-lived. A common misstep that often leads to their premature departure is a misplaced focus on superficial changes rather than addressing the core responsibility: driving demand. In the first 12-18 months on the job, many marketing leaders fall into the trap of expending political capital on initiatives like building a new website, changing CRMs, or adding more tech to their marketing stack. However, these endeavors seldom align with the primary objective of growing demand. This blog explores the critical areas that demand the attention of marketing leaders in their initial quarters, emphasizing the real drivers of success.
Mastering Messaging and Positioning:
One of the foundational pillars for any successful marketing strategy is clear and compelling messaging. Within the first few quarters, VPs of Marketing and CMOs should prioritize the development and refinement of messaging and positioning. This involves aligning the brand with a distinct value proposition that resonates with the target audience. By crafting a narrative that addresses pain points and highlights unique selling points, marketing leaders can lay the groundwork for effective communication that captivates and converts.
Investing in High-Quality Content:
Content remains king in the digital age, and marketing leaders must recognize its pivotal role in engaging audiences. Instead of diverting attention towards flashy technological implementations, focusing on creating more high-quality content is a strategic move. This includes blog posts, articles, videos, and other forms of content that not only showcase industry expertise but also address the needs and interests of the target market. A well-executed content strategy builds trust, credibility, and ultimately contributes to the growth of demand.
Ramping up Demand Generation Across Platforms:
The heart of a marketing leader's role lies in generating demand for the company's products or services. In the initial quarters, it is imperative to intensify efforts in demand generation across all relevant platforms. This includes leveraging social media, optimizing search engine visibility, and exploring new channels to reach and engage the target audience. By strategically deploying resources to create a robust demand generation engine, marketing leaders set the stage for increased pipeline and, consequently, more closed deals.
End Goal: Generating More Pipeline and Closing More Deals:
The ultimate objective of a VP of Marketing or CMO is to contribute to the company's bottom line by generating more pipeline and closing more deals. Nailing messaging and positioning, creating high-quality content, and ramping up demand generation are all interconnected steps leading towards this overarching goal. These initiatives create a solid foundation for a sustainable and effective marketing strategy, ensuring that the efforts translate into tangible business outcomes.
Bonus Marks: Improving Data Tracking and Board Reporting:
While improving data tracking and board reporting are crucial components of effective marketing leadership, they only hold value when there is a substantial pipeline to report on. Hence, these considerations should be secondary to the primary focus on driving demand. Once the demand generation engine is firing on all cylinders, marketing leaders can enhance data tracking to gain deeper insights, and subsequently, improve board reporting to showcase the tangible results of their strategic initiatives.
Takeaways:
Marketing leaders who prioritize growth over glamour in their first 12-18 months on the job are better positioned for long-term success. By concentrating on messaging, content creation, and demand generation, VPs of Marketing and CMOs can ensure their efforts directly contribute to generating more pipeline and closing more deals, aligning with the core purpose of their role. With this strategic approach, marketing leaders can not only survive but thrive in the ever-evolving landscape of marketing leadership.
