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Marketing Skills Gap
April 2012
Craig Rosenberg, @funnelholic
Carlos Hidalgo, @cahidalgo
Matt Heinz, @heinzmarketing
Elle Woulfe @ellehwoulfe
Terry Flaherty @TFlaherty
Methodology

       Objective
    •   To understand the gap between an organization’s marketing
        capabilities and the training it needs to achieve its goals

       Parameters
    •   This data was collected via email surveys sent to marketers between
        March 1 - March 28, 2012

    •   More than 450 marketers completed the survey




                                  © 2012 Focus, Inc. All rights reserved.   Page 2
Executive Summary

B2B Marketers still have a long way to go in order to gain the skills
necessary to succeed and excel in today’s business environment. Among
the many findings in the study, the research revealed some of the following
from our respondents:

   70% either receive no training or are self-taught

   Less than 50% receive any kind of regular formal training

   Over 65% spend less than $1,000 per year in developing marketing skills

   Over 50% stated there is no plan to address the training or they
encourage their marketing personnel to acquire the skills on their own time


                              © 2012 Focus, Inc. All rights reserved.   Page 3
Executive Summary

The role of B2B marketing has never been more important due to the
change in the B2B buyer and the need to impact revenue. Yet, many
marketers are struggling to acquire the right skills in order to do their jobs
effectively. This study reveals the impact that these lack of skills are having
on revenue, the sales and marketing alignment gap, and how little these
organizations are doing to change the dynamic within their organizations.




                              © 2012 Focus, Inc. All rights reserved.       Page 4
Respondent profile

  How many people are in your
    marketing organization?


         18%
                                1-5
                                6-9
   13%
                                10-20
                 57%
                                21+                        What is the annual revenue of your
     12%
                                                                       company?

                                                      $501M+                                    16%
                                            $251M - $500M                  4%
                                              $101M-$250M                      6%
                                               $51M-$100M                      5%
                                                 $26M-$50M                     5%
                                                    $1M-25M                                                        32%
                                              Less than $1M                                                    31%

                                                                 0%       5%        10%   15%    20%   25%   30%   35%




                                © 2012 Focus, Inc. All rights reserved.                                              Page 5
Less than 20% of marketers rate
themselves as “highly effective”
               How would you rate the overall skill and effectiveness of your marketing
               organization in terms of creating demand and contributing to revenue?


                                       Somewhat effective                                                               63%




                                        Not at all effective                        14%




Marketing is not looked to for demand generation & revenue              6%




                                           Highly effective                              18%



                                                               0%         10%           20%     30%   40%   50%   60%         70%




                                                      © 2012 Focus, Inc. All rights reserved.                                  Page 6
Demand generation strategy matters most

            Which skills in your marketing personnel are most important to contributing
                                   to revenue? (Choose up to 3)

                                                             Other                  3%


                                      Knowledge of social media                                 8%


                                      Ability to staff appropriately                      5%


Properly operating our marketing automation/marketing technology                                 9%


                          Developing measurements and metrics                                          13%


             Development of process – sales funnel management                                                 17%


                      Demand generation strategy and execution                                                                  23%


                                               Content marketing                                                          22%


                                                                       0%              5%        10%    15%         20%         25%




                                                      © 2012 Focus, Inc. All rights reserved.                                     Page 7
There’s not a clear consensus on the
source of the skills gap
            Which skills are most lacking in your marketing personnel? (Choose up to 3)

                                                             Other                      3%


                                      Knowledge of social media                                                     12%


                                      Ability to staff appropriately                                        10%


Properly operating our marketing automation/marketing technology                                                                  15%


                          Developing measurements and metrics                                                                    15%


                   Development of process – funnel management                                                                    15%


                      Demand generation strategy and execution                                                                  14%


                                               Content marketing                                                                 15%


                                                                       0%      2%        4%     6%   8%   10%     12%     14%    16%    18%




                                                      © 2012 Focus, Inc. All rights reserved.                                            Page 8
74% of respondents believe lack of skills
affects sales-marketing misalignment
                  Does the lack of skills contribute to marketing and sales misalignment?


      It somewhat affects lack of alignment                                                                    50%




It significantly contributes lack of alignment                                             24%




          It doesn’t affect lack of alignment                        13%




                   Have no way of knowing                           13%




                                                 0%       10%                 20%                30%   40%   50%     60%




                                                      © 2012 Focus, Inc. All rights reserved.                         Page 9
Most marketers are forced to “figure it
out” themselves
                       Where does your marketing personnel get their skills training?


                           We do not currently get skills training




Self-taught through reading blogs, books and on the job learning




                                   Online educational programs




Live events/workshops (Example: MarketingProfs, DemandCon)




                                    From our marketing vendors



                                                                     0%           10%             20%   30%   40%   50%   60%




                                                        © 2012 Focus, Inc. All rights reserved.                            Page 10
Organizations are not investing in skills
training
              How often does marketing personnel receive formal training or educational
                                       skills development?


              We do not receive training                                                                            38%




Training is formal but on an ad-hoc basis




                          Once per year




                       Once per quarter




                   Once every 6-months



                                            0%   5%           10%            15%            20%   25%   30%   35%   40%




                                                  © 2012 Focus, Inc. All rights reserved.                             Page 11
46% of all respondents spend less than
$500/year on formal training
                     Annual marketing budget broken out by size of marketing
                                          department
    60%


    50%


    40%

                                                                                                                                1-5
    30%
                                                                                                                                6-9
                                                                                                                                10-20
    20%
                                                                                                                                21+

    10%


    0%
          $1-$500 per year   $501- $1,000 per year     $1,001 - $2,000 per            $2,001 - $5,000 per   $5,001 + per year
                                                              year                           year




     This percentage is still extremely high for companies with large marketing
      organizations




                                                     © 2012 Focus, Inc. All rights reserved.                                      Page 12
Only 21% of respondents plan to address
the skills gap with formal training
                  How do you plan to close the gap between needed skills and current
                                             capabilities?


                    We are not addressing the gap this year                                                          25%




Encourage employees to acquire new skills on their own time                                                        24%




             Supplement internal skills with outside partners                                                                30%




                                     Invest in formal training                                               21%



                                                                 0%          5%           10%    15%   20%         25%     30%     35%




                                                       © 2012 Focus, Inc. All rights reserved.                                      Page 13
Respondents want to tackle demand
generation training first
                          What education would be most helpful to improve marketing?

                                                     Social media                                      9%

                                                              Other                       5%

                                        Metrics and benchmarking                                             10%

                                             Marketing operations                                 6%

                        Lead management and funnel management                                                      13%

    Education on the changing buyer & Buyer 2.0 purchase approach                            5%

            Creation and execution of a demand generation strategy                                                                    24%

                                                Content marketing                                            11%
     Better education on how to use marketing automation/marketing
                                                                                                                          17%
                               technology

                                                                      0%               5%              10%          15%         20%   25%


      This is consistent with respondents previously stating that demand gen is most
       important to contributing to revenue




                                                        © 2012 Focus, Inc. All rights reserved.                                        Page 14
75% of respondents believe that the
marketing skills gap impacts revenue
                                        Is the lack of marketing skills impacting revenue?


 It somewhat affects revenue                                                                                 51%




It significantly affects revenue                                                 24%




     It doesn’t affect revenue




     Have no way of knowing




                                   0%            10%               20%                    30%    40%   50%         60%




                                                       © 2012 Focus, Inc. All rights reserved.                      Page 15
What’s next

   Discussion

   Customer examples

   Recommendations

   Q&A




                        © 2012 Focus, Inc. All rights reserved.   Page 16

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Marketing Skills Gap Research Study

  • 1. Marketing Skills Gap April 2012 Craig Rosenberg, @funnelholic Carlos Hidalgo, @cahidalgo Matt Heinz, @heinzmarketing Elle Woulfe @ellehwoulfe Terry Flaherty @TFlaherty
  • 2. Methodology  Objective • To understand the gap between an organization’s marketing capabilities and the training it needs to achieve its goals  Parameters • This data was collected via email surveys sent to marketers between March 1 - March 28, 2012 • More than 450 marketers completed the survey © 2012 Focus, Inc. All rights reserved. Page 2
  • 3. Executive Summary B2B Marketers still have a long way to go in order to gain the skills necessary to succeed and excel in today’s business environment. Among the many findings in the study, the research revealed some of the following from our respondents:  70% either receive no training or are self-taught  Less than 50% receive any kind of regular formal training  Over 65% spend less than $1,000 per year in developing marketing skills  Over 50% stated there is no plan to address the training or they encourage their marketing personnel to acquire the skills on their own time © 2012 Focus, Inc. All rights reserved. Page 3
  • 4. Executive Summary The role of B2B marketing has never been more important due to the change in the B2B buyer and the need to impact revenue. Yet, many marketers are struggling to acquire the right skills in order to do their jobs effectively. This study reveals the impact that these lack of skills are having on revenue, the sales and marketing alignment gap, and how little these organizations are doing to change the dynamic within their organizations. © 2012 Focus, Inc. All rights reserved. Page 4
  • 5. Respondent profile How many people are in your marketing organization? 18% 1-5 6-9 13% 10-20 57% 21+ What is the annual revenue of your 12% company? $501M+ 16% $251M - $500M 4% $101M-$250M 6% $51M-$100M 5% $26M-$50M 5% $1M-25M 32% Less than $1M 31% 0% 5% 10% 15% 20% 25% 30% 35% © 2012 Focus, Inc. All rights reserved. Page 5
  • 6. Less than 20% of marketers rate themselves as “highly effective” How would you rate the overall skill and effectiveness of your marketing organization in terms of creating demand and contributing to revenue? Somewhat effective 63% Not at all effective 14% Marketing is not looked to for demand generation & revenue 6% Highly effective 18% 0% 10% 20% 30% 40% 50% 60% 70% © 2012 Focus, Inc. All rights reserved. Page 6
  • 7. Demand generation strategy matters most Which skills in your marketing personnel are most important to contributing to revenue? (Choose up to 3) Other 3% Knowledge of social media 8% Ability to staff appropriately 5% Properly operating our marketing automation/marketing technology 9% Developing measurements and metrics 13% Development of process – sales funnel management 17% Demand generation strategy and execution 23% Content marketing 22% 0% 5% 10% 15% 20% 25% © 2012 Focus, Inc. All rights reserved. Page 7
  • 8. There’s not a clear consensus on the source of the skills gap Which skills are most lacking in your marketing personnel? (Choose up to 3) Other 3% Knowledge of social media 12% Ability to staff appropriately 10% Properly operating our marketing automation/marketing technology 15% Developing measurements and metrics 15% Development of process – funnel management 15% Demand generation strategy and execution 14% Content marketing 15% 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% © 2012 Focus, Inc. All rights reserved. Page 8
  • 9. 74% of respondents believe lack of skills affects sales-marketing misalignment Does the lack of skills contribute to marketing and sales misalignment? It somewhat affects lack of alignment 50% It significantly contributes lack of alignment 24% It doesn’t affect lack of alignment 13% Have no way of knowing 13% 0% 10% 20% 30% 40% 50% 60% © 2012 Focus, Inc. All rights reserved. Page 9
  • 10. Most marketers are forced to “figure it out” themselves Where does your marketing personnel get their skills training? We do not currently get skills training Self-taught through reading blogs, books and on the job learning Online educational programs Live events/workshops (Example: MarketingProfs, DemandCon) From our marketing vendors 0% 10% 20% 30% 40% 50% 60% © 2012 Focus, Inc. All rights reserved. Page 10
  • 11. Organizations are not investing in skills training How often does marketing personnel receive formal training or educational skills development? We do not receive training 38% Training is formal but on an ad-hoc basis Once per year Once per quarter Once every 6-months 0% 5% 10% 15% 20% 25% 30% 35% 40% © 2012 Focus, Inc. All rights reserved. Page 11
  • 12. 46% of all respondents spend less than $500/year on formal training Annual marketing budget broken out by size of marketing department 60% 50% 40% 1-5 30% 6-9 10-20 20% 21+ 10% 0% $1-$500 per year $501- $1,000 per year $1,001 - $2,000 per $2,001 - $5,000 per $5,001 + per year year year  This percentage is still extremely high for companies with large marketing organizations © 2012 Focus, Inc. All rights reserved. Page 12
  • 13. Only 21% of respondents plan to address the skills gap with formal training How do you plan to close the gap between needed skills and current capabilities? We are not addressing the gap this year 25% Encourage employees to acquire new skills on their own time 24% Supplement internal skills with outside partners 30% Invest in formal training 21% 0% 5% 10% 15% 20% 25% 30% 35% © 2012 Focus, Inc. All rights reserved. Page 13
  • 14. Respondents want to tackle demand generation training first What education would be most helpful to improve marketing? Social media 9% Other 5% Metrics and benchmarking 10% Marketing operations 6% Lead management and funnel management 13% Education on the changing buyer & Buyer 2.0 purchase approach 5% Creation and execution of a demand generation strategy 24% Content marketing 11% Better education on how to use marketing automation/marketing 17% technology 0% 5% 10% 15% 20% 25%  This is consistent with respondents previously stating that demand gen is most important to contributing to revenue © 2012 Focus, Inc. All rights reserved. Page 14
  • 15. 75% of respondents believe that the marketing skills gap impacts revenue Is the lack of marketing skills impacting revenue? It somewhat affects revenue 51% It significantly affects revenue 24% It doesn’t affect revenue Have no way of knowing 0% 10% 20% 30% 40% 50% 60% © 2012 Focus, Inc. All rights reserved. Page 15
  • 16. What’s next  Discussion  Customer examples  Recommendations  Q&A © 2012 Focus, Inc. All rights reserved. Page 16