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| Marketing Director vs. Marketing Firm Editorial Staff |
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By Peggy Sealfon How do you make the decision to hire an in-house marketing director? Are you being penny wise and pound foolish when you weigh-in the cost of an in-house marketing director versus a full-service marketing firm? Companies define the role of a marketing director differently. For some companies, an individual hired to focus the company’s marketing efforts is responsible for all internal and external communications. Internally, this individual becomes the liaison of information from management to staff and can have an enormous influence on virtually everyone involved from associates and administrative staff members to clients and prospects. Programs may include the creation of materials to help educate and motivate staff about a company’s products and services to keep the staff informed, up-to-date and enthused. External efforts may range from creating a complete strategic marketing plan to launching the plan by implementing a comprehensive campaign. Creating logos, newsletters, brochures, designing ads, developing and planning promotional efforts may be part of the role. However, far more often, marketing directors handle purely promotional activities such as seminars, open houses, hospitality suites, and special events. As a result, the implementation of other aspects needed for a marketing program must be outsourced to freelancers or consultants. The result can actually be significantly higher costs for a company. Whether hiring an in-house or outside marketing firm, a company should first determine the basic scope of needs. A synergistic marketing plan should either be developed or be in place ready for implementation. The plan should be a broad-based overview of what the company wishes to accomplish through its marketing efforts both internally and externally over a period of time; usually a 12-month schedule is most appropriate. It may be focused on image-building or it may be devoted to aggressive selling techniques. It may even incorporate a complete advertising campaign. But it should clearly outline the marketing needs and goals of the company and be integrated and reflective of the company’s business plan. Clearly there are numerous advantages to having an in-house staff marketing person who is readily available whenever needed. This in-house professional knows the company inside and out and hopefully, completely understands the products or services. The in-house person is familiar with and knowledgeable about the staff of the company and can easily keep track of changes, and evolving needs. The biggest reason firms hire in-house professionals is for the perceived cost savings. A single-salaried employee may appear to require less overhead than an outside agency. However, the reasoning is flawed. Depending on the needs of a company, the right outside agency can provide better resources at a lower overall cost. Typically an agency staff will consist of an account executive, a graphic designer, production and office managers. These outside professionals can evaluate and analyze the marketing needs from a strategic vantage point and can offer more complete services than any single individual. Plus, most outside agencies will develop programs that track the marketing successes by measuring revenues generated by marketing. In this way, the marketing program can evolve to become more and more effective. In-house professionals rarely conduct such follow-up programs. If they do, it is typically accomplished by hiring an outside consulting firm anyway. The other advantage of an outside marketing firm is that the volume of business these firms do allow them to take advantage of better pricing for advertising placements in the media. Often the cost for the agency that is orchestrating a full advertising program is returned through the savings on media placements. Furthermore, the outside firm potentially offers more creativity by dint of a larger creative staff who can brainstorm new approaches and even develop cross-selling opportunities that might push the envelope. They can develop new marketing avenues that an in-house person may not even have time to think of. A full graphic department can also potentially deliver more creative visuals for logos, stationery, brochures, and even ad designs. The bottom line is dependent upon how extensive the marketing needs are for a company. For the marketing role to be successful within a firm, the in-house marketing director must be a cheerleader, a motivator, and a non-stop advocate of the importance of marketing and promotion. For an outside agency to be successful, a company needs to view them as a part of their team and develop strong communications. The best of both worlds might be to have an in-house marketing person who acts as a liaison with the outside marketing firm. Thus, the program could potentially have a cohesiveness that would capitalize on the expertise of the outside firm. Peggy Sealfon, president of the Naples-based advertising agency Sealfon & Associates, has written about a variety of topics for national magazines and newspapers. | ||