Finding the Right Balance in Marketing Investments Using MMM
Andris Versteeg
Market Research Insights ?? Market Research For Decision Making ?? Market Research For Business ?? Customer Experience ?? Marketing Mix Modelling
Striking the right balance between short-term marketing efforts and long-term brand-building initiatives can be a challenge.
Marketing Mix Modelling (MMM) is an essential tool for businesses looking to optimise their investments.
Performance or activation-based campaigns with short-term sales objectives generate quick conversions, while long-term investments like content marketing or brand awareness campaigns drive sustained growth.
MMM provides the insights needed to evaluate the ROI of both.
By analysing data from different activities across channels, marketers can see how short-term activities deliver immediate benefits without compromising long-term brand equity.
This helps businesses fine-tune their strategies and allocate resources efficiently.
Achieving balance means ensuring that short-term tactics feed into broader long-term goals.
With MMM, businesses can strike the perfect balance between driving immediate impact and building future growth, making informed decisions that use a holistic approach to marketing optimisation.