A rather large threat to your marketing effectiveness is always working on the second most important thing.
• The email nurture refresh
• The landing page variant
• The brand guidelines update
While I could make a credible defense for each of those being capable of driving 20-30% improvements, I could also make a very compelling case that they are more likely the constraints preventing more substantial growth.
Your marketing is probably working poorly not from lack of effort, but from working on the wrong problems because the hardest problems, while easy to identify, are also the ones you don't know how to solve yet. For example, your team has never cracked a particular channel, or no one has experience with that type of targeted promotion, or the playbook doesn't exist, or you don't know how to build it. And then we humans default to the familiar, and stagnating, territory of optimizing what's working rather than building what's missing.
The best marketing teams I've been a part of didn't test five channels simultaneously. We identified our single highest-leverage opportunity, be that a new acquisition channel, broken conversion mechanics, or a positioning problem, and marshaled 80% of our resources against it until it was solved. I held the team to the maxim of no context switching and concentrating all of our force on one problem until it was solved. That is not easy, nor without its own conflicts or risks, including being fired.
However, second-best problems feel productive because they deliver second-best returns. But incremental optimization of a limited channel will never deliver the amount of growth that comes from solving your true constraint. If you can't acquire customers profitably at scale but you're split-testing CTAs and dabbling in social platforms, you've chosen comfort over impact.
Identify your number one marketing constraint by asking, "if we could only work on one thing for 90 days that would 2-3x our pipeline or revenue, what would it be?" Not two things. One.
If you do not know, answering that question is your priority.
Here are some common constraints I've seen by stage:
• At $0-$500k, you haven't found your ICP or proven messaging
• At $500k-$1M, you can't generate qualified leads at an acceptable CAC
• At $1M-$3M, conversion rates are too low or sales cycles too long
• At $3M-$10M, you can't scale your best channel or open a second one
And for you marketers out there who aren't the final decision-maker, go ahead and audit where you spent time last week. What % went to your suspected top constraint versus everything else? Once you answer that question, build a one-page case that answers "if we solve X, here's the impact on revenue," and then build a 90-day roadmap that requires saying no to everything else. The clarity will differentiate you and make you better at what you do.
Pick one, go all in, fix it, then do that again.
If It Isn’t A Clear Number One Problem To Solve, Then It’s A Clear No
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