16
Oct
09

High Growth Firms Spend Limited Budgets Differently From Lower Growth Peers

Just read a study that shows that high growth firms in professional services categories invested in marketing activities very differently from their lagging peers. Here’s how it breaks down:

High Growth Firms put more emphasis on:

  • Building awareness through advertising and PR
  • Lead generation through channels such as direct mail, cold calls, trade shows and newsletters
  • Web site upgrades
  • Outside marketing experts and consultants
  • Training and using non-marketing staff to generate business.

Low Growth Firms were more likely to:

  • Have no formal marketing plan
  • Revise their strategy, structure or budget
  • Focus on thought leadership activities such as publishing and workshops

Marketing Initiative Priorities

The 2008 study by Hinge  broke down companies by size and industry. The above trends were across the board.

Interesting.

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Who is Pete Monfre

CLICK HERE to visit my web site

I'm a serial entrepreneur, marketing and media guy, raconteur, writer, producer and consultant. I write this little blog to help you unravel the mysteries of marketing and selling, to expose the silliness that masquerades as marketing and help you make better decisions that will grow your business. And I have fun with it. Why not comment? That way we can have a conversation. Or better yet, hop on over to my web site and drop me a line.

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