Marketing management – Build a Lean, Mean Marketing Machine
If you are a brokerage owner or head of marketing, budget is often a bone of contention. For many reasons, marketing is sometimes tasked with feeding the funnel with limited resources. Although this can be frustrating (the marketer in us feels the pain) it is also an opportunity. Learning about marketing management and how to lead a lean marketing team efficiently & effectively, although not the simplest of tasks will pave the way for smart decision making and smarter budget allocation down the road. It is a delicate balance of planning, resource optimization, and team empowerment. Here are our top 3 tips for your lean, mean marketing machine:
1. The 3 C’s for Goal setting & tracking: Crystal Clear Communication
Marketing management can’t work without clear communication. Communication lies at the heart of any successful team (more on this in another article), but it becomes even more critical in lean environments where every action (or non-action) counts. Start by establishing clear, concise channels for communication and stick to it. Project management tools like Trello, Asana or Monday can streamline workflows and ensure everyone is on the same page. Word to the wise: Select a tool that is not overly burdensome but can also allow for growth down the road (more on technology below.)
Be clear about goals and priorities and be sure to get buy-in, commitment & alignment from your team. Break down goals into smaller, actionable tasks (Most PM solutions provide features to help manage these by deadlines, priority and dependencies). Why? It allows team members to understand their individual contributions to the bigger picture. Make active use & track progress, make necessary adjustments ensuring accountability. Most importantly, lead by example.
2. Smart Use of Technology
Leveraging technology and automation can significantly improve efficiency and productivity. By automating repetitive tasks and processes, for example: email marketing, social media scheduling, or reporting, can free valuable time that is better used for strategic, creative or hands on tasks. If it’s a CRM, analytics platform, or CMS, choose solutions that help everyone work smarter, not harder.
Important: While technology can streamline or speed up processes, nothing can replace human creativity, experience and insight. Leveraging data and automation should be used to enhance not replace human interaction.
3. Learn to Adapt and Adapt to Learn
Adaptability is key to staying ahead of the curve or at least keeping up. Encourage experimentation, innovation, and risk-taking. Embrace change as an opportunity for growth instead of a threat.
“A team is only as strong as its weakest link.” – Mark Grey. Today, this could be either a person or tech. Choose to be people first. Invest in ongoing learning and development. Capital Market education, marketing specialty training programs, outsourcing, workshops, and industry events will grow skill sets, perspective and provide opportunity to learn about emerging trends and technology. Making the right choice for technology and automation should let you work on the bigger picture, eliminate the noise and focus on the future.
#fxmarketing #leadgeneration # marketingmanagement #startabrokerage
We discuss all of the above and more in our Capital Markets Training – for corporations and individuals
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More interesting topics to look into:
How to attract forex leads and maintain an audience for your brokerage
FX Marketing and Sales – Building bridges to improve results
Forex IB – Understanding the nature of an Introducing Broker
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