Roughly 80% of CEOs don't really trust their CMO or, at least, they're not impressed by their results, says the Harvard Business Review study by Kimberly Whitler and Neil Morgan. The disappointment comes not from marketers being bad at what they do. The thing is that marketing is being held responsible for revenue it only partly controls.
I've spent the last several years building marketing teams for edtech products, fintech platforms, and startups that began on Telegram. In every case, teams with real budget and authority focused on measurable results rather than polished creative. Driving revenue is their top priority. Brand building, content strategy, and promo campaigns come in second. That’s the core of pipeline marketing. It’s an operating model instead of a simple tactic.
Numbers problem
Researchers call this the asymmetry of influence. Marketing depends on sales, product, and customer success, but those teams can operate without marketing. Consequently, marketing takes the blame when revenue misses targets.
Holding marketing accountable for revenue requires granting it control. True accountability requires budget authority, full data access, and power over pricing and packaging. Without these, accountability creates a scapegoat rather than results.
Expectations vs. reality
The biggest headache for marketing leaders today remains proving their work actually makes money. At the same time, resources are not following suit. According to Gartner's 2025 CMO Spend Survey, marketing budgets are sitting at about 7.7 percent of total company revenue. That number has been completely flat for two years in a row.
I’ve witnessed this myself. When you’re in a room with a lot of skeptical buyers from spaces like personal finance or trading, it doesn’t matter how great your campaign is if you don’t show them specific metrics that leadership can act on.
While working with a digital education business in the trading space, I faced exactly this problem as we prepared to scale customer acquisition. Before increasing spend, I secured access to the company’s financial analytics, combined customer interviews with funnel data, and built a testing roadmap with clear ROI thresholds and budget limits for each experiment. This gave the team a practical way to decide which channels, offers, and messages justified further investment based on their economics.
That’s why the real challenge is figuring out what daily operations actually need to change to make that work. Here are four principles I apply (and you can too) to make marketing generate real money.

How to make marketing accountable (in 5 steps)
1. Set the revenue target before spending the budget
Most marketing plans work backwards by spending first and reporting later. Pipeline marketing flips that order. Before scaling any spend, try to run a short test with a strict return target agreed upon in advance. Don’t calculate metrics afterward to make results look favorable.
I used the same approach when launching new education products. Each product had its own offer, positioning, acquisition strategy, funnel, pricing, and launch plan. Rather than treating marketing as a permanent spend category, I treated every launch as a commercial test with a defined path to revenue. That made it possible to decide early which offers and acquisition channels were worth scaling and which needed to be changed.
Before your next budget cycle, ask sales and finance to sign off in writing on expected returns. Do this before you launch. If nobody wants to commit to a number, nobody truly believes the spend will work.
2. Require complete access to the data
You can't be responsible for numbers you can’t see. When I took responsibility for growth, one of the first things I pushed for was direct access to financial and attribution data. I wanted to understand which campaigns were producing paying customers, not simply which ones were producing clicks or leads.
In one of the products I worked on, we built the commercial system around full-funnel visibility. We tracked the journey from acquisition and lead generation through qualification, payments, and revenue. This made it possible to connect marketing activity to actual business outcomes rather than relying on disconnected channel reports.
This also exposed a common problem: marketing teams are often given revenue targets while being shown only the part of the funnel they directly control.
The point is to make sure the person accountable for growth can actually trace a marketing decision to a business outcome.
3. Treat positioning as part of the revenue pipeline
Sometimes the problem can be the message. In a crowded trading education market, one of the products I worked on deliberately moved away from the usual positioning. Instead of relying on the aggressive, aspirational messaging common in the category, we built the positioning around transparency, facts, and a more authentic communication style.
The goal was to attract a different type of customer who was more deliberate about the product and more aligned with its value proposition. That positioning then fed directly into the acquisition strategy and commercial results.
Don't separate brand strategy from pipeline strategy. Your positioning determines who enters the funnel, what they expect when they enter it, and how likely they are to convert. A campaign can generate thousands of leads and still damage the pipeline if it attracts the wrong audience.
4. Own what happens after the sale
The sales funnel doesn't end when someone hits the buy button. When I built digital learning products, the experience continued well beyond acquisition and checkout.
The platforms included structured learning paths, progress tracking, assignments, mentor interaction, live sessions, and community features. I treated those parts of the product as connected to the commercial system, because the value promised by marketing had to be delivered after the sale.
We also experimented with referral and community mechanics designed to turn existing users into another source of acquisition. That creates a much more powerful growth loop than simply paying for the next click. If customers disengage after purchase, fail to complete the product, or never become advocates, that information belongs in the growth conversation.
Marketing should understand how those functions affect the economics of the pipeline. Look closely at where your official sales funnel stops compared to where the real customer experience continues with onboarding, support, and renewals.
5. Make revenue visible every day
You don't need fancy tools. Pick four or five metrics your finance team actually cares about and check them daily.
I used the same operating principle across different product launches: connect marketing activity to an explicit commercial target and monitor the numbers throughout the launch, not after it. For a trading education platform, for example, that meant tracking leads, payments, conversion by funnel stage and actual sales against the plan. For a financial education product entering a new market, it meant building the acquisition strategy around the audience, the local market context and the path from first contact to purchase.
Daily visibility also changes team behaviour. When everyone can see the gap between plan and reality, small issues become actionable. The point is not the sophistication of the spreadsheet. It is the speed of feedback that allows you to adjust your performance today.
When the change comes
Making marketing accountable for revenue relies entirely on authority. The teams that pull this off set clear targets before spending money, demand unrestricted data access, and measure success using the exact language their finance team uses. Everything else is just decoration.
About the author
Alexander Turchinovich is a serial founder and growth-marketing specialist who has built and scaled five EdTech ventures since 2019, growing their communities and course platforms to over 1 million users combined. He previously co-founded Event Horizon, a decentralized exchange on its own L2 Rollup within the OP-Stack Superchain, where his marketing-driven approach helped attract 170,000 users before the product even reached MVP.
With executive roles spanning CEO, Founder, and CMO across Web3 and education-technology companies, Alexander has repeatedly proven his ability to turn early-stage ideas into fast-growing, community-powered brands.

