Most SME owners are looking to invest to grow over the next 12 months. How are they going about it and, more importantly, why should you? NAB’s new Executive of Business Direct and Small Business, Krissie Jones, explains the benefits.
Article
Today’s marketing environment is constantly evolving. And for many businesses, particularly smaller businesses, it’s becoming increasingly difficult to devote the resources and time needed to maintain a consistent, strategic approach to marketing and customer communications. Relieving marketing pressure and allowing a business to focus on its core competencies are the obvious benefits of bringing in […]
Today’s marketing environment is constantly evolving. And for many businesses, particularly smaller businesses, it’s becoming increasingly difficult to devote the resources and time needed to maintain a consistent, strategic approach to marketing and customer communications.
Relieving marketing pressure and allowing a business to focus on its core competencies are the obvious benefits of bringing in specialists. If successful, the cost of outsourcing is offset by the increased value from a more concentrated marketing effort, plus increased productivity within the business due to resources being freed up for other operations. Long term, this can have a significant impact on the business’s growth.
The Melbourne Brick Company, an Australian-owned supplier of bricks, pavers and retaining walls, made the decision to outsource its marketing several years ago. Prior to that, the company’s in-house marketing was reactionary and lacked a strong, consistent customer outreach, according to Managing Director Matt Curtain.
“We decided we needed a group of people dedicated to our marketing program and systems, not just ad hoc reactions to the market or business at the time,” he says.
According to Curtain, the decision to outsource reaped numerous rewards.
“We now have a dedicated marketing team working on the plan at all times and constantly generating schedules three to 12 months in advance,” he says. “We have been able to grow our customers, increase business with existing customers and increase revenue.”
While many businesses can see the benefits of outsourcing, one of the biggest hurdles is knowing where to begin with the procurement process. Hunter Leonard, Managing Director of BlueFrog Marketing, outlines the top 10 tips to help in the agency selection process.
You may also be interested in:
© National Australia Bank Limited. ABN 12 004 044 937 AFSL and Australian Credit Licence 230686.