Episode #668
Where do Neil and Eric Spend Their Marketing Dollars? 
May 30, 2018

In episode #668, Eric and Neil break down their marketing dollars. Tune in to hear what the biggest marketing costs are and how you can avoid overspending.

TIME-STAMPED SHOW NOTES:

  • [00:27] Today’s Topic: Where do Neil and Eric Spend Their Marketing Dollars?
  • [00:51] Eric spends about $10,000-$15,000/month on blog content.
  • [01:12] Neil spends about $4,500/month on video content.
  • [01:24] Podcasting costs Eric and Neil $700/month each.
  • [01:40] They spend the same on video content.
  • [01:48] Eric’s team just starting ramping up/retargeting their ads and spent $3000-$4000.
  • [01:54] Neil spends most of his money on making and giving away free tools, which costs around $80,000/month.
  • [02:12] Building tools takes up a lot of time.
  • [02:20] Neil’s team found it is cheaper to buy out other companies than to spend money on marketing.
  • [02:50] Building free tools gets you organic traffic.
  • [03:02] If they were to add in salaries, that would only add an additional $25,000 to the mix.
  • [03:15] Neil’s numbers include salaries in his estimation.
  • [03:33] Editing blogs costs about $2000/month, but Neil doesn’t pay for translations.
  • [03:52] If you build up brand equity, you can get a lot of work for free.
  • [04:10] One strategy for people with a minimal amount of capital: find people to partner with. You will get stuff for free and both of you will gain a new audience.
  • [04:35] Guest posts are really helpful.
  • [05:28] That’s it for today!
  • [05:32] Go to Singlegrain.com/Giveway for a special marketing tool giveaway!

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
How to Win Big Enterprise Logos
September 16, 2025

In this episode #3041, Eric and Neil discuss how to win big enterprise logos by focusing on relationships, networking, and long-term trust. They explain the role of RFPs, challenges in tracking leads,...

Episode
AI Doesn’t Drive Revenue Today!
September 15, 2025

In this episode #3040, Eric and Neil discuss how businesses are using AI in marketing but struggling to see real revenue results, pointing out that most companies focus on flashy tools rather than KPI...

Episode
Millionaire CEO’s PR Disaster, Elon’s Visionary Skills, and the $28B Pop Mart Lesson From China
September 11, 2025

In this episode #3039, Eric Siu and Neil Patel discuss a wide range of business lessons, from a viral US Open controversy to Elon Musk’s unique communication style and the rise of Pop Mart in China....