“The new B2B go-to-market playbook is an increased investment in brand” - Jon Miller, Cofounder at Marketo and Engagio
In today's B2B marketing landscape, rethinking brand building has never been more critical. Jon Miller, a respected thought leader in the industry, recently shared some valuable insights on the importance of brand investment and the key components of building a strong brand. In this blog post, we'll explore his ideas and discuss how generative AI can complement and enhance each aspect of brand building.
According to a study by Benchmarker, which analyzed the marketing strategies of over 200 B2B SaaS companies, high performers invested more in brand awareness (29%) compared to demand generation (23%). In contrast, low performers who fell short of their goals spent more on demand generation (31%) and less on brand (25%). This data suggests that a greater focus on demand generation alone does not guarantee better outcomes, and that investing in brand can make demand generation efforts more effective.
Jon Miller breaks down building a brand into five essential tasks, emphasizing that the most important ones don't necessarily require a significant financial investment.
Generative AI can play a significant role in supporting and enhancing each of these brand-building tasks:
As B2B marketers navigate the challenges of driving growth in an increasingly competitive landscape, finding the right balance between brand investment and demand generation is crucial. By allocating resources strategically and leveraging the power of generative AI to support brand-building efforts, B2B marketers can create a strong, emotionally resonant brand that drives long-term success.
Credit: The ideas and insights in this blog post are based on Jon Miller's LinkedIn posts on brand investment and the key components of building a brand.
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