Marketing Factoids

  • Music sales in the United States will decline to $9.2 billion in 2013, from $10.1 billion this year. source ›
  • Acquiring a new customer costs about five to seven times as much as maintaining a profitable relationship with an existing customer source ›
  • Consumers ages 18 to 27 say they use the Internet nearly 13 hours a week, compared to viewing 10 hours of TV source ›
  • more factoids ›
MAR 3

Six Tips for a First-Time or Newly Appointed CMO

Marketing Profs, March 3, 2008 — I've been at this CMO role for a really long time: seven months, to be exact. Which, depending on what industry report you happen to read, is one-half to one-third of the average CMO's tenure. So in some ways, I already feel like a dinosaur.

Not to mention that I'm a CMO at a company that didn't have to, or didn't need to, market itself previously; nor had it ever had a traditional marketing "budget" for things like public relations, media buying, trade marketing and sponsorships, or professional organization alignment and participation.

Oh, I almost forgot: When I was hired, I had a staff of one. Me.

Category: Marketing Strategy
Tag: CMO

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