Companies looking to maximize the potential of their. Search investment often cite a lack of trust in data models and ongoing digital transformation journeys as common challenges. However, data and digital capabilities are rarely the primary reason value is foregone.
Culture and process are often the biggest barriers. And nowhere is this more critical than the relationship between marketing and finance teams. When these teams collaborate, we see companies unlock the opportunity for further growth.
But when they don’t, which is often the case, this disconnect can really limit the value of paid media.
When marketing and finance work together, we see businesses unlock the power of search
- Artificially capping growth: This can mean missing out on unexpected consumer demand when budgets are stretched.
- Optimizing to meet budgets: Marketing teams may be incentivized to pursue unprofitable clicks with a “use it or lose it” budgeting mentality.
In practice, search budgets should flex based
The amount of consumer searches and be treated as a variable whatsapp filter cost tied directly to revenue. Finance can empower marketing by allowing investment to scale up or down quickly based on market conditions.
Companies that take this demand-driven approach to search are best positioned to capture growing consumer demand, and the less agile ones are left behind.
You don’t have to go it alone
Use tools like Google Trends and Keyword Planner to keep up with changing customer behaviors as seen through search interest and to estimate what spend might be needed on different return goals.
Then, align spend with this real-time data on an ongoing basis, rather than setting an artificial cap on profits up front.