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How Marketing Can Contribute to Revenue Generation [Infographic]

by Glenn Gow  |  
July 30, 2015
  |  5,804 views

Do you look at Marketing as a cost center or as a revenue center? If you said "cost center," you're missing out on a big opportunity. Don't feel bad, though; for a long time, Marketing has been seen as just that—a necessary but costly part of doing business.

Revenue? How could Marketing actually contribute to that?

But things are changing, and fast. Buyers are much more self-educated than they were 10 years ago (or even 10 months ago). They've studied up, they're Internet savvy, and they're turning to social media and communities, including LinkedIn and Twitter, to see what people are saying about brands.

They're so knowledgeable, in fact, that many business buyers have already made a decision about what they're going to buy even before talking to a vendor.

Sales needs to adapt in response if it's going to be on equal footing with the buyer. Luckily, Marketing has a wealth of knowledge at its disposal to help Sales do just that.


Marketing can enable sales reps to be as educated as buyers are so that Sales knows exactly where the buyers are and can help them move forward in their journey toward a buy.

In short, Marketing can help sales reps to better do their job and, in turn, it can actually have an impact on revenue generation.


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Glenn Gow is an expert in marketing technology, an advisory board member, author, speaker, podcast host, and the CEO of Crimson Marketing. Follow his insights on marketing technology at the Crimson Marketing Technology Blog and read his book, Moneyball for Marketing: How Brilliant Marketers Use Big Data and Marketing Technology to Win.

LinkedIn: Glenn Gow

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Comments

  • by Heather Askew Thu Jul 30, 2015 via web

    Can you update the graphic so it says mine data instead of mind data? Thanks -- this is helpful.

  • by Neil Mahoney Thu Jul 30, 2015 via web

    Not to be a know-it-all, but the fact that Marketing can be a revenue generator is very old news.

  • by Jim Goff Thu Jul 30, 2015 via web

    If any company thinks of marketing as a cost center, they are very well on their way to being out-of-business and the marketing department is most likely the worst on the planet.

    Marketing's responsibility is a revenue generator (the top line on the income statement) and the gross margin and the profit line as well. This is not up for any discussion.

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