Strategic marketing requires strategic management. And TrinityP3 has been solving strategic problems between marketers and their agencies and suppliers for more than a decade. In 2000, Darren...read more
December 11, 2011
How did you select your digital agency? Did you need a Facebook page or a microsite or perhaps some banners ads and the creative agency said they can do that so it was easier to just get them to do it rather than finding another agency? Or perhaps your creative agency put forward an online idea and so it was natural that they would implement it? Or was it your media agency who convinced you that they were best to plan and buy your online media and so it was natural that they would also provide that online content?
Now it is a year or so later and you are finding that more and more of your budget is being spent online. You have social media and microsites and Facebook pages and the relationship works well, after all it is easy and convenient to manage and that is one less agency to manage.
Meanwhile your corporate affairs people have engaged a public relations firm that specialises in reputation management and is managing the social networking with a Twitter account, a blogger influencing strategy and a Facebook page.
Meanwhile the sales promotion agency has been building microsites for competition redemptions for your various brands and has been collecting customer data in the various databases behind each microsite.
When you look across the various activities and add up the cost it is now in the millions of dollars when it started out at less than the cost of a television commercial. So the question is “Are you getting good value for money?” It is certainly a question I get asked by many marketers and more often by their procurement people.
The answer depends.
While it is true that great ideas can come from anywhere, there are fundamental differences between traditional advertising production approaches and digital:
The fact is that an agency simply recruiting IT project management skills and programming skills is not enough. The digital marketing strategy needs to be aligned to the organisational IT strategy. Fragmenting this across multiple suppliers makes that alignment even more difficult to achieve.
Accenture found in their research paper “CMO – CIO Alignment Imperative” that companies who created an impenetrable alliance between marketing and IT are able to achieve unparalleled customer loyalty and advocacy.
What are your thoughts?