“My CEO ordered me to never use the word ‘brand’ again,” lamented a CMO from a $75mil SaaS brand. “Then he told me to only spend money on things that drive revenue,” the CMO shared. Ah, yes, the double whammy. Everyone in the huddle sympathized with a “been there” nod. I silently stewed. A productive rant to follow.

Should CMOs Stop Using the Word “Brand?”

Yes. It’s toxic. Time to move on, and this is from the guy whose latest book subhead reads, “12 Steps to Building Unbeatable B2B Brands.” If you must venture into brand-like language, use the word “reputation.” It’s much easier to grasp. Even CFOs can understand the difference between a good reputation and a poor one.

Does That Mean I Can Have Budget Items for Reputation Building?

No, unless you want that part to be cut faster than you can say “brand.” If possible, avoid sharing spending buckets beyond people, programs, and tech.

If you, like many CMOs, divide your budget into demandgen or growth marketing and everything else, your CFO will assume that everything else is unmeasurable and possibly wasteful. Choose your budget-bucket labels carefully. Events, for example, can drive new logos, accelerate late-stage deals, help with expansion, and reduce churn. If events are funded from your “growth marketing” budget, then that’s how they will be measured, and that may limit this invaluable channel.

What About the “Only Spending on Revenue Drivers” Directive?

Live with it. All marketing drives revenue (there, I said it!). It’s just a matter of timeframe and targets. Unless you’re selling an impulse item (Of course, I would buy another penguin hat if it showed up in my Instagram feed), you operate in the world of considered purchases and buyer journeys. Different marketing activities impact different parts of your target at different times in different ways.

Let’s take Analyst Relations. It can take 12-18 months to build a quadrant-shifting relationship with an analyst. When that higher rating or new category of your own making suddenly arrives, you’ll be rewarded with higher consideration and close rates. That’s revenue too. Just a bit slower.

Could We Shift This Conversation Altogether

Yes. Please. Let’s start at the end and work backward. Right now, every B2B brand has a win rate. If you, for example, compete against three better-known brands, your win rate is likely lower than that of the top three. What would it take to improve your win rate? Most likely, it is a combination of product changes, pricing, positioning, CX, and promotion, including analyst relations. Lead that conversation.

The second conversational shift is to pricing power. Conduct a thorough analysis of the discounting required to close deals. Understand how much discounting impacts profit margins. Find out the last time you took a price increase. Reputational strength equals pricing power and higher close rates. Work with your CFO to build the model.

Marketing does drive revenue. But it's not about SQLs.

Written by Drew Neisser