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Marketers Prefer CRM to Mass Media Advertising
by Jack Loechner, Sunday, May 19, 2002 12 AM
Marketers Prefer CRM to Mass Media Advertising In a recent survey from Reveries.com, US marketing executives were asked how they would spend the majority of their budget if it were
unlimited, and 28% responded that they would spend it on customer relationship management (CRM). The responses looked like this: How would you invest majority of marketing dollars if budget were
not an issue?
- CRM (Consumer Relationship Management) 28%
- Mass media advertising 22
- Sales promotion 12
- Public relations 12
- Traditional direct marketing (non-CRM) 7
- Retail trade activities 6
- Internet/media promotion 2
- Other 13
Source: Reveries.com, May 2002 When 197 US marketing executives were asked their opinion on the "single
biggest" reason for CRM success, 32% cited marketing strategy, and then: US Marketers' Opinions Regarding the "Single Biggest" Reason for CRM Success, May 2002 (% of respondents)
- Marketing strategy 32%
- Executive commitment 26
- Realistic expectations 12
- Proper metrics 8
- Organizational design 7
- Technology excellence 4
- Other
12
Source: Reveries.com, May 2002 e-Dialog, in an April 2002 survey, determined that US marketers plan to allot more of their 2002 budget to e-mail marketing than they did in 2001.
Although The survey did not separate 'CRM' out as an element of marketing budgets, but as the Reveries.com report notes, the major CRM initiatives to date have been customer service call centers, web
response, and sales force management.
US Marketing Budgets by Marketing Vehicle (as % of overall budget) 2001 2002 Direct mail 27.8 25.2 E-mail 18.2
24.3 Offline broadcast advertising (TV, radio, etc) 14.6 13.2 Internet advertising (not e-mail) 10.3
9.9 Telemarketing 9.4 9.0 Other (events, sponsorships, etc.) 19.7 18.4
Source: e-Dialog, Inc, April 2002 You can find out
more here at eMarketer