New Research shows Marketing Budgets are up - and being used for high-return Online Lead Generation
New research from Econsultancy and Clash-Media,
the online customer acquisition specialist, shows that 53 per cent of
marketing budgets for UK, European and US companies have increased in
the past year, in the face of slow economic conditions. This extra
budget is being used to fund high-return Online Lead Generation
campaigns, with 61 per cent of spend now made online, compared to 51
per cent last year. Some of the main reasons why companies are using
these methods more and more include cost-effectiveness, the ability to
target prospects and better ROI.
According to the research, Paid
Search has become less popular, with 12 per cent fewer companies using
it compared to last year, while the more measurable and ROI-driven
Email Marketing has increased by 2 per cent. Customers are moving more
budget online, because of its cost-effectiveness (72 per cent) and
ability to increase the customer base (73 per cent). One key trend is
for organisations to take prospective customers found online and
attempt to convert them through offline channels. The two most popular
conversion methods remain Email/Online Transaction (75 per cent) and
Phone (58 per cent); 70 per cent of businesses are now looking to
convert online leads offline – either entirely or in part.
"It's
great news for the industry that the majority of marketers are seeing
increased budgets – and very few are seeing a reduction – and that they
can see the benefits of Online Lead Generation," commented Simon
Wajcenberg, CEO of Clash-Media. "What did surprise us about the results
is how few people – 35 per cent – saw the benefits of performance-based
campaigns. This leads us to believe that not enough providers are
delivering transparent campaigns, which inhibits their ability to be
performance-based."
The growth in online marketing channels
Some of the respondents to the survey provided insight into why they are moving even more budget towards online channels:
"Better comparability between online and offline Cost per Lead has enabled us to shift budgets from off- to online."
"Offline is too expensive and doesn't get the same speed of responses as online. Online gives faster calls to action and results too."
"It has become more important to measure the return on investment, considering typical advertising/marketing budget cuts."
Clash-Media
delivers a global and fully transparent Online Lead Generation service
that connects advertisers with consumers. It is a full-circle data
solution that collects and manages customer data for its clients,
producing qualified leads in line with advertisers' exact
specifications to deliver an optimised return on investment.
Clash-Media provides its clients with a centralised managed service to
support any lead generation campaign. It has established a wide global
network of partners that enables it to operate in any market around the
world, and its quality control processes and technologies maintain the
highest standard of lead generation.
About Econsultancy:
Econsultancy
is an independent community-based publisher, focused on best practice
digital marketing and e-commerce. It helps its members build their
internal capabilities via a combination of research reports and how-to
guides, training and development, face-to-face conferences, forums and
professional networking.
For the last 10 years, its resources
have helped members learn, make better decisions, build business cases,
find the best suppliers, accelerate their careers and lead the way in
best practices and innovation.
Additional information is available at http://Econsultancy.com/
About Clash-Media:
Clash-Media
launched in 2006 and now delivers around five million fully opted-in
sales leads every month for customers around the globe, including
Whiskas, Toyota, Cheapflights and AXA.
Clash-Media currently has
offices in London, New York, Copenhagen, Munich and Paris, with plans
to expand into Spain and Italy, followed by Asia-Pacific.
Additional information is available at www.clash-media.com
Louise Sambells
IBA - PR for Clash-Media
Tel: 01780 721 433
Email: lsambells@iba-international.com
Diana Herriott
Marketing Director, Clash-Media
Tel: 020 7096 1963
Email: diana@clash-media.com