November 5, 2024 | Blog
Marketing speak vs. business speak: How to bridge the disconnect
As marketing leaders, we know the power of a well-crafted campaignâbrand impressions, website visits, marketing-qualified leads.
But when we present these numbers to CFOs or board members, thereâs often a disconnect.
Why? Because theyâre not seeing the direct link to the metrics that matter to themârevenue, profitability, and EBITDA.
Itâs not enough to speak the language of marketing. If we want to be heard at the highest levels of the organization, we have to translate those metrics into terms that resonate with finance.
This shift is essential, and itâs our responsibility to build that bridge.
Stop Speaking in Impressions, Start Speaking in Outcomes
Hereâs the hard truth: CFOs donât care about impressions or clicks.
To them, these are abstract numbers with no clear financial impact. The moment we start talking about web traffic or social engagement, we lose them. Theyâre asking themselves, âHow does this impact revenue?â
So, how do we make the connection?
Simple. Translate marketingâs outcomes into business results. If a campaign increased web traffic by 20%, you need to follow that thread: How many leads did it generate? How many closed deals? What was the revenue impact?
The shift isnât just in the numbersâitâs in the mindset. Start framing marketing success in terms of outcomes that your CFO cares about. Thatâs when theyâll start to listen.
Budget Season: Think Investment, Not Spend
As you gear up for budget discussions, hereâs a tip: stop calling it a marketing budget. The moment you frame marketing as a cost center, youâre inviting scrutiny. Instead, refer to it as an investment model.
Why? Because investments imply growth, ROI, and strategic deployment of resources. When you present your budget as an investment in the companyâs future, youâre aligning with the CFOâs language. Youâre not just spending moneyâyouâre fueling business objectives, driving revenue, and increasing profitability.
Here are a few simple shifts that can help reframe the conversation:
- Donât Say âMarketing Budgetâ â Say âInvestment Modelâ: When you present your âbudgetâ for the upcoming year, frame it as a model that directly supports the companyâs growth objectives. Youâre not just spending moneyâyouâre making strategic investments that drive revenue and margin.
- Show the Impact on EBITDA: CMOs may focus on revenue, but for CFOs and boards, the ultimate measure of success is EBITDA. Speak directly to how your marketing initiatives contribute to profitability. Highlight efficiencies, customer retention, and cost-saving innovations driven by your campaigns. Donât just tell them marketing is importantâprove that it drives profitability.
- Speak the Language of Efficiency: Especially during times of economic pressure, CFOs want to know that marketing is efficient. Present strategies that improve marketing efficiencyâwhether itâs optimizing spend or driving higher returns from existing resources.
Meet the C-suite Where They Are
The key is simple but profound: Know your audience. In the same way youâd craft a message for an external campaign, you need to do the same internally. You wouldnât bombard potential customers with jargon they donât understand; donât do it to your CFO either.
Approach your finance counterparts like you would any other customer segmentâidentify their pain points, speak in their terms, and show how marketing can solve their problems. Frame your requests in ways that resonate with their objectives.
Instead of saying, âI need more budget for X campaign,â flip the conversation: âHereâs how our investment in X will help the company meet its revenue and profitability targets.â
Help Me Help You
This isnât about dumbing down marketingâitâs about building a stronger connection with the people who can amplify your impact. When you shift your language, youâre not just speaking to be understoodâyouâre positioning marketing as an essential partner in business growth.
So, as you prepare for those critical finance conversations, remember this: youâre not just asking for a bigger budget. Youâre showing how your marketing investments will drive meaningful business outcomes. Thatâs a conversation every CFO wants to have.
And the sooner you start speaking their language, the sooner marketing will be seen for what it truly isâa growth engine for the business.
Weâve launched a webisode series to help marketing leaders significantly and consistently prove marketing ROIâas discussed by real-time B2B CMOs and marketing veterans.
Hereâs a glance at how CMOs and marketing leaders can begin shifting their language and fostering more productive relationships with their financial counterparts.