Episode #58
How to Create a Marketing Budget
September 27, 2016

In Episode #58 Neil and Eric highlight how they create a marketing budget. Listen as they illustrate the differences between short-term and long-term budgeting, the value of content for link building, and the one place you should spend at least $10K per month if you can.

Time Stamped Show Notes: 

  • 00:25 – Today’s topic: How to Create a Marketing Budget
  • 00:34 – Short-term versus long-term budget
    • 00:48 – SEO is a front-loaded cost
      • 01:18 – Takes a long time to get going so you spend a lot early on to get it set up
    • 01:25 — Social media
      • 01:29 – Ad buys can be done on a monthly basis…it’s ROI driven
      • 01:55 – Fan building, another front loaded cost
    • 02:18 – If you have something that’s working, go all in on it, don’t stop arbitrarily
      • 03:10 – When you’re starting out, you don’t have unlimited budget, so it’s important to invest where returns are greatest
    • 04:30 – Content marketing and link building
    • 04:40 – With CRO you need at least 10K visits per month
    • 04:48 – Content is KEY for link building, and you can’t do it right unless you’re spending 10K per month
    • 05:40 – Eric spends $2500 per month just on tools
    • 06:29 – Digital Marketer breaks down the traffic buckets brilliantly
    • 06:55 – Allocate 68% of funds to cold traffic
    • 07:15 – Don’t blindly dump money into programs

3 Key Points:

  1. Build two budgets, short term and long term.
  2. When you’re just starting out, your funds are (probably) limited, so put the money where the returns are greatest.
  3. If you want to be successful in link building, spend money to develop marquee content.

Leave some feedback:

  • What should we talk about next? Please let us know in the comments below.
  • Did you enjoy this episode? If so, please leave a short review.

Connect with us:

Discover Latest Episodes

Episode
The Power of Storytelling in Marketing: Tips and Techniques. #2359
February 03, 2023

In episode #2359, Neil and Eric share their insights on how to utilize the power of storytelling in marketing. Telling a good story is one of the best ways to capture people’s attention. Tune in as ...

Episode
Marketing Jobs That Will Be Replaced By AI #2358
February 02, 2023

In episode #2358, Neil and Eric explore which marketing jobs will be replaced by AI in 2023. We’ve seen a lot of advancements in AI over the past year, but what will its real-world impact be on mark...

Episode
How To Fix Your Marketing Funnel #2357
February 01, 2023

In episode #2357, Neil and Eric break down how to fix your marketing funnel. There are plenty of useful tools that can help you identify where your marketing funnel needs to be improved. The trick is ...