Outsourcing Marketing Services
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The document discusses the benefits of outsourcing marketing functions for businesses. It notes that few companies have all the necessary in-house marketing expertise, and outsourcing can provide access to specialized skills, fresh perspectives, and flexibility. Benefits of outsourcing include gaining expertise in specific areas, accelerating growth through new marketing strategies, and having budget flexibility to scale efforts as needed. The document advocates that outsourcing marketing services can enhance marketing quality and effectiveness for businesses.
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Outsourcing Marketing Services
- 1. Looking for growth? Its time to go outside Trevor Isherwood, chartered marketer and Managing Director of Isherwood and Company discusses the decision to outsource marketing and the potential benefits for businesses Nobody can ever know your company, products and services better than you, which is why it can be so difficult to decide if, or when, you should bring in marketing support. To help determine whether you ought to outsource your entire marketing function, hire in specialty skills, or keep everything in-house, you first need to take an honest, critical look at the capabilities and capacities of your team. Few companies possess all the marketing expertise they need in-house, especially of the left-brain, analytic variety needed to better understand their customers in todays information-soaked environment. And vice versa, in some industries the firm may lack talented right-brain, creative types. Which is why most companies already outsource parts of their marketing such as advertising, print design and online campaigns for example. In practice many firms find that outsourcing marketing can lead to better quality and lower costs as well as introducing an important element of flexibility as firms strive to adapt to changing market conditions. As Ben Horsell, Head of Marketing and Business Services, Lombard Odier Investment Managers, comments We contracted some of our marketing to Isherwood and Company during a period when our team was under resourced. Outsourcing for us has been a highly efficient way to expand capacity when we need it and we had the added benefit of being able to leverage Trevors extensive experience on this occasion. Additionally, the skills required of marketing managers are rapidly changing which is driving even greater need for specialty skills from agencies and suppliers.Today, marketing managers are like the conductor of an orchestra and they must understand how to access the skills they need in-house and from outside suppliers to get the job done. With ever increasing media fragmentation such outsourcing will become far more common, because companies can no longer rely on mass communication techniques and integrated communication tasks have become much more complicated. An outsourced marketing team brings a wealth of experience that can only be accumulated by working with multiple brands in various industries Growth Consulting Strategy Creativity PROMOTIONAL FEATURE
- 2. Trevor Isherwood, Managing Director In many cases it may be prohibitively expensive for a small firm to hire a highly experienced, well-qualified in-house marketing director who can take charge of things, lead the myriad of suppliers for greatest effect, and aim for the greatest return on marketing investment. However bringing in external senior marketing support on an as needed or project basis can be within reach of many firms budgets and should be expected to deliver tangible results. An outsourced marketing team brings a wealth of experience that can only be accumulated by working with multiple brands in various industries, and that means theres no need to reinvent the wheel. Your marketing agency team knows what works and in which context, indeed theyve probably done it before for other clients. I For small and medium sized enterprises, this complexity can lead to missed opportunities and frustration in trying to make marketing work. Even just keeping up with the trends is hugely time consuming. Today its social media, but who knows what will come by the end of the year. Outsourcing our marketing has had a quick and visible impact on our business. It frees my time to focus on our customers and on new product development. At the same time working with Isherwood and Company has significantly improved the quality and professionalism of our marketing efforts. I have every confidence that Trevors contribution will help us meet our ambitious growth targets. Says Roger Charles, Founder and Director of British Beds Worldwide Ltd. in Yelverton near Plymouth. 5 Benefits of outsourced marketing expertise 1. Access to speci鍖c skills. Effective marketing requires a wide range of expertise including strategists, product managers, planners, creative teams, brand managers, experiential marketers, e-commerce experts and marketing analysts amongst others. It may be that the existing team lacks the necessary skills and experiences or that new channels are being introduced that the existing team have not yet had the opportunity to learn. 2. Accelerated growth. A marketing expert can help you identify effective ways to grow your business, generating new ways to reach your target audience, new revenue opportunities and important product and service improvements. Essentially your marketing consultant is there to help you make more money. During a growth phase, it is faster and less expensive to outsource new skills or processes. Getting to market quickly is going to be a challenge if all the key staff need to be identi鍖ed, hired, and trained before you get started. Outsourcing marketing allows you time to focus on what matters to grow your business quickly. 3. Fresh ideas and an objective point of view. When you are immersed in running your business or managing a never-ending to-do list, it can be hard to keep perspectives fresh.The easiest, quickest way to get things done is often how you did it before, but its not always the best way to go about achieving the goal.An external marketing adviser can provide an objective perspective with knowledge of the latest marketing innovations and techniques, you get shrewd advice on what will give you the most value. 4. Budget 鍖exibility. Marketing infrastructure and in-house teams constitute a signi鍖cant 鍖xed cost for 鍖rms and can represent a substantial percentage of the total marketing expenditure. Utilising outsourced specialists and teams gives 鍖rms the opportunity to scale up and scale back depending upon the business cycle and in response to market conditions. 5. Capacity when its needed. Whether its to handle a position whilst recruiting a permanent replacement or to cover for parental leave, outsourcing a marketing role to an external resource can be an effective way not only to manage the work load but also to inject new skills and experiences to the team. To see how we can help you achieve marketing excellence call Trevor Isherwood on 01271 336121 or visit www.isherwood.co.uk for more information. Few companies possess all the marketing expertise they need in-house