These survey results just in from The CMO Club, an association of over 1,200 CMOs: Direct marketing budgets are not likely to be cut, even in this economic down-turn.
So says the Phoenix Business Journal's release of preliminary survey results on Marketing in a Recession. Know that full results from The CMO Club will be announced Tuesday at their CMO CLUB Summit in NYC
In order to see full results, you'll need to submit a fairly extensive questionnaire to The CMO Club (which I did--just waiting for them to approve my membership). Therefore, no link is provided to the full results. However, this article gives a pretty good synopsis.
Survey: Marketing efforts likely to survive downturn-driven budget cuts.
From the article:
"Seventy-one percent of chief marketing officers in the study do not plan on cutting their company's marketing budget, while only 14 percent said they would.So, let's hope that these CMOs represent marketers-at-large (or at least the companies we work for and the clients we work with!). And, let's help them succeed at keeping those budgets intact, simply by implementing measurable, effective and creative programs!
Other key findings:
- When asked which budget line items would be cut first, advertising and mass marketing strategies (32 percent) were cited most frequently.
- Online strategies, such as search engine optimization and online marketing campaigns, were cited as the least likely to be cut, followed by public relations campaigns."