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Your Own Market Place
1.
©redrouteinternational2015 Market has hardly
been tapped… • Only 7% of organisations always set clear accountabilities for their objectives • Only 7% of companies always set KPI’s clearly for each initiative • Only 10% of businesses have core strategic metrics that remain consistent to enable longer term reporting 1 CIM – Deloitte Joint Study on Improving marketing effectiveness, 2016
2.
©redrouteinternational2015 Measures that count….. •
While 96% of companies measure customer satisfaction only 10% of businesses are very effective at measuring cost to serve, and only 10% are very effective at measuring consistency of the customer experience • 80% of companies measure brand health – but only 15% say this is very effective and only 32% of companies measure brand valuation fairly or very effectively 2 Source: CIM &Deloitte – Improving marketing effectiveness study 2016 Companies measure what’s easy, not what counts…
3.
©redrouteinternational2015 Measures that count….. •
Only 23% of companies measure social media fairly or very effectively • Organisations perceive their ability to measure digital channels as being no stronger than their ability to measure traditional media activities • And over 2/3 of businesses feel their KPI’s are not optimal for measuring the impact of marketing 3 Source: CIM &Deloitte – Improving marketing effectiveness study 2016 Companies measure what’s easy, not what counts…
4.
©redrouteinternational2015 Existing measurement processes aren’t
delivering sufficient return • Only 51% of companies believe that executives drive change as a result of marketing or customer performance measures • Only 1/2 of organisations believe they have timely reporting • 1/2 of organisations feel their reporting isn’t sufficiently accurate • Only 36% of companies say they have data that is presented in an effective way to enable insight to be identifird • Only 39% of companies believe they are fairly or very effective at measuring ROI (and fewer still act upon it) 4 Source: CIM &Deloitte – Improving marketing effectiveness study 2016
5.
©redrouteinternational2015 Who will be
your clients? • In short – people you already know • The RedRoute Story – RedRoute, like all consultancies, began looking for business by talking to people the founders already knew and had worked alongside in the past, either as colleagues, clients, or agency personnel – Sending out a brief PowerPoint presentation (of which RedRoute’s e-booklet is now the present day equivalent) to people who already knew our capabilities and trustworthiness led to projects with former employers, former clients, and former colleagues. – For the cost of stamp, business streams opened up which have lasted ever since, including Office Depot, Heathrow Airport, and a range of beverage companies and retailers – What has changed in the market is that opportunities have grown exponentially as the digital revolution has taken grip – Data now exists everywhere, and new forms of data tracking activities as diverse as the habits of bees to the times you clean your teeth are appearing everyday – Companies need people with the skills and expertise to not just look at the data but to also uncover meaning and insight to be able to predict future trends and invest their marketing budgets on the most effective activities for their brands – Working together, you can supply that support to a range of people either you or we know already – that is how the business has grown in the past and the opportunity is to become part of that story 5
6.
©redrouteinternational2015 How many clients
do you need? • It depends solely on your ambitions • For an independent consultant, a single client may provide £50k - £100k of revenue for you per year • So a span of 3 – 5 clients could be expected to deliver on average c.£300k per year in annual revenue. • Out of that, you could reasonably expect to retain £150k • The key difference between this and being an employee is that you would also be creating your own asset you can later sell 6
7.
©redrouteinternational2015 What skills would
you provide? • There will almost certainly be at least one of the key services we outlined earlier which you will be able to deliver better than anyone else, especially if they are just setting out – Which ones best play to your own particular skills & strengths? • You have been there, faced the problems and found the solutions. – So have we. • So you would be joining a mutually beneficial network of trusted advisers that will serve to magnify the value of your own skills – Working together to build winning solutions 7
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