MMarketing Against The Grain
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14 December 2023

How To Create A Winning Marketing Plan For 2024 (Masterclass) (#182)

4Frameworks
7Insights

Frameworks in this episode

Insights & moments

The myth-busts, hot takes, explainers, and tools worth keeping.

Myth Buster· 1

Myth Buster24:00

Viral Products Are an Exception, Not a Budgeting Model

Companies with genuinely viral B2C or SaaS products may receive so many signups organically that standard channel benchmarks do not apply. Even then, underinvesting in durable marketing channels creates risk when virality plateaus.

  • Viral products are outliers to general allocation guidance.
  • Virality can support greater brand and product-marketing investment.
  • Core acquisition muscles still need deliberate development.
  • Performance and demand generation can hedge against a future plateau.

companies that have a viral product is one of them all those percentages would not hold true for there

Kieran · 24:30

when their virality starts to Plateau they haven't really built up the muscle or the engines in those channels

Kieran · 24:30
#virality#saas#product-led growth#risk

Hot Take· 2

Hot Take03:30

Customer Empathy Still Requires Brutal Prioritization

Marketers are expected to understand customers with exceptional empathy, yet acting on that understanding requires unemotional internal trade-offs. Leaders may need to say that one person's work is less important than another's without saying it is unimportant.

  • Customer empathy should determine internal priorities.
  • Prioritization inevitably creates unequal importance across work.
  • Hard decisions become easier to accept when rooted in customer evidence.
  • Winning on meaningful problems gives teams more satisfaction than equal representation.

anytime you solve for your team instead of the customer you are set up to fail every time

04:00

you have to make pretty brutal and unemotional decisions to deliver on that

05:30
#leadership#customer empathy#prioritization
Hot Take27:30

B2B Companies May Overpay for Performance by Neglecting Brand

The hosts argue that many B2B companies spend less than the suggested brand range, leaving them with inadequate market awareness. The consequence can be greater reliance on expensive performance marketing to reach buyers who have little prior familiarity with the company.

  • Low brand awareness can increase paid acquisition dependence.
  • Performance spending cannot fully substitute for awareness and consideration.
  • Post-product-market-fit companies should assess whether brand is structurally underfunded.
  • Brand and demand investments should operate as complementary components.

most BB companies spend way less than 10 to 20% and that's part of their problem

27:30

they're overpaying on the performance side

27:30
#b2b#brand marketing#performance marketing#awareness

Explainer· 2

Explainer20:00

How Company Stage Changes the Budget Time Horizon

Early-stage companies generally need to concentrate nearly all marketing investment on the next 12 months because near-term targets dominate. More mature companies can diversify spending across one-, two-, and five-year horizons without jeopardizing immediate survival.

  • Series A and B companies may put 90-95% toward near-term targets.
  • Company maturity creates room for longer-horizon investments.
  • Long-term bets must not crowd out immediate growth requirements.
  • Allocation guidance depends on company size and growth stage.

if I was in a series AB company I would likely be put in 90 95% of my money and just like making sure I…

Kieran · 20:30

as you rure as a company you can diversify a little bit more

Kieran · 20:30
#budgeting#startups#time horizon#growth
Explainer21:30

Why Market Climate Should Change Your Marketing Mix

Marketing allocation should reflect both company strategy and the external buying environment. When customers are constrained and consolidating purchases, retention and capture of existing demand may deserve more emphasis than broad demand creation.

  • Assess buyer activity before setting channel percentages.
  • Constrained markets reduce the immediate effectiveness of demand creation.
  • Retention becomes more important when customers are consolidating vendors.
  • A recovering spending environment supports a more balanced mix.

you first need to look at your strategy and then you need to look at the market climate

22:00

business spending is going to increase not decline next year

22:00
#market climate#demand generation#retention#strategy

Tool· 1

Tool29:00

The Practical Stack for Managing Marketing Budgets and Projects

The episode briefly describes a straightforward operational stack: budgets mapped to cost centers and managed in spreadsheets or dedicated software, while execution lives in project-management software. Teams then review actual spending each month and redistribute funds when necessary.

  • Map budgets to business cost centers.
  • Google Sheets or Excel can support basic budget management.
  • Dedicated budgeting software can synchronize related expenses.
  • Use project-management software separately for execution.
  • Review under- and overspend every month.

at HubSpot for a long time we manage budgets in Google Sheets

29:00

every month we look to see where we're running under or over

Kieran · 29:30
#tools#budget operations#project management#cost centers

Takeaway· 1

Takeaway22:30

Benchmarking Organic, Paid, Demand, and Brand Investment

The hosts offer directional benchmarks for a typical non-viral company. They distinguish the source of inbound demand from the share of the total marketing budget devoted to demand generation and brand.

  • Target roughly 60-80% of inbound signups or leads from organic channels.
  • Target roughly 20-30% of inbound signups or leads from paid channels.
  • Scaled companies may spend around 60-65% of marketing budget on demand generation.
  • Earlier-stage companies may spend around 70-85% on demand generation.
  • Scaled-company brand spending may fall around 10-20%.

ideally over time you want 60 to 80% % of your signups leads whatever your inbound motion is to come from organic channels

22:30

brand is somewhere between 10 to 20% of your marketing spin if you're a scale company

26:00
#benchmarks#demand generation#brand#paid media#organic