22 Nice Advertising and marketing to the CFO cartoon – Marketoonist
11 Nice Advertising and marketing to the CFO cartoon – Marketoonist
Each time budgets are underneath scrutiny, advertising is likely one of the first gadgets on the chopping block. These conversations are tougher when advertising and finance communicate a distinct language.
Probably the most necessary goal audiences that entrepreneurs must discover ways to market to is their very own CFO.
I’ve all the time preferred the model administration college of promoting coaching as a result of model managers sometimes “personal” a P&L. They don’t simply handle a finances line merchandise — they’ve to think about the total image of what goes into constructing a model. This P&L mindset not solely helps places advertising bills in context, it could possibly usually unlock surprising advertising concepts.
“Chopping metal is a media expense,” Methodology co-founder Eric Ryan used to say after I labored there.
He was referring to the costly steel-cut customized bottle molds that Methodology invested in to supply the long-lasting shapes of their hand wash and cleansing bottles. Eric noticed Methodology’s bottle shapes as a type of media — how individuals uncover the Methodology model.
Technically, methodology’s costly molds fell underneath CapEx, but it surely helped to justify the expense to the CFO by understanding the advertising worth of those costly bottles. They helped distinguish from competitor manufacturers offered in low-cost inventory bottles.
This P&L mindset flowed by the group. It helped us see that each one facets of the P&L must be thought of as a part of the advertising combine. And present clearly how each advertising expense tied to the remainder of the enterprise.
It helped educate me that entrepreneurs wanted to be taught to talk the language of the remainder of the group. And vice versa.
Listed below are just a few associated cartoons I’ve drawn over time:
“If advertising stored a diary, this could be it.”
– Ann Handley, Chief Content material Officer of MarketingProfs
2022 Nice Advertising and marketing to the CFO cartoon – Marketoonist