How to Translate Business Goals to Marketing Goals
Business goals drive initiatives across product development, customer service, and marketing teams, which is why most start as broad, high-level statements like “increase revenue.” Those statements give you direction, but they don’t give your marketing team enough to act on. Translating a business goal into a marketing goal is what turns intent into a plan.
A goal like “increase revenue” isn’t actionable until it’s SMART: Specific, Measurable, Achievable, Relevant, and Time-bound. Add specifics, metrics, and a deadline, and the goal becomes:
Increase revenue 15% by year-end 2021.
The “A” and “R” — Achievability and Relevance — are where most goals get sharpened. Fine-tuning happens when you start asking why the goal matters and what problems it’s meant to solve.
Before handing a goal to your marketing team, dig into the business context behind it. Here’s what that conversation might look like:
Revenue has declined over the last two years.
Sales to existing customers have remained steady, but we’ve seen a fall-off in new customer acquisition.
Emerging competition has led to increased marketing and branding activity from existing competitors. We’ve noticed an increase in media coverage and social conversations around our competitors, but not our brand.
About 75% of our current customers are women aged 35–55, living in the Northeast from Maine to Maryland. We were growing slowly in the Southeast, but the new competitor has stalled that growth.
Once you have specific answers, you can give your marketing team real direction instead of a slogan.
With the diagnostic work done, it’s time to translate the revenue goal into a number your marketing team can actually chase. Assume you want to generate 15% more in new customer revenue.
That math gives your marketing team a concrete, time-bound goal:
Generate 7,500 prospective new customer leads by September 30, 2021.
With a specific lead target and timeline, your marketing team can outline a plan. The marketing and advertising mix might include:
Each channel has its own conversion rate and acquisition cycle, so we use forecasts and projection models to set specific goals per platform, optimize budget allocations, monitor campaign performance, and reallocate spend to higher-performing channels.
Conversion rates can almost always be improved — but only with the right strategy behind each channel. That’s why working with a team to plan, measure, and optimize across platforms is the difference between hitting your business goals and just hoping you do.
Let’s build a game plan that connects your revenue goals to a marketing strategy that delivers. Contact us to get started.
Sharon Tipping, Marketing Manager, Parker Steel
Patty Mazur / Toledo Public Schools
Kim Hoch, Vice President of Operations, Novus Clinic
Lara Stewart, Ardent Communities