How to Justify Brand Spend
Brand has a reputation for being “unmeasurable” – but Peep argues that most marketers haven’t actually tried that hard.
Getting started? It’s actually pretty simple. Here’s what Peep recommends:
1. Track brand awareness and preference over time.
Companies can use Wynter’s own platform to run brand lift studies every quarter, asking questions like:
- (Unaided) “What [category] tools have you heard of?”
- (Aided) “Which of the following [category] tools have you heard of?”
- (Consideration Set) “Would you consider the following [category] tools?”
2. Correlate brand activity with bottom-line movement.
Peep first filters out all easily identifiable non-brand activities: namely, paid ads and outbound sales efforts. Everything that’s left? Brand.
Brand measurement doesn't mean ignoring more traditional lead generation metrics – it’s giving the attribution back where it’s due.
By looking at inbound traffic, signups, and demos over time, alongside brand marketing efforts, they can identify correlations and influence.
“The job of brand is to reduce friction across the funnel. You should see higher conversion rates, more sales velocity, and lower acquisition cost.”
Of course, Peep notes that this measurement needs to be based on ample time frames to demonstrate results – 60-90 days at least, maybe even longer. Brand is not a short-term play.