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
Does Being Transparent Really Help In Your Marketing?, First Principles Of Generational Businesses, What We Learned From A Private Conference Ratings, Why Our YouTube Channels Are Starting To Finally Grow… Again
May 15, 2025

In episode #2972, Eric Siu and Neil Patel discuss the power of transparency in marketing and the core principles of building a generational business. They highlight the importance of customer feedback...

Episode
How To Create Data Discipline In Your Organization, Why Freemium Doesn’t Work As Well Anymore, Marketing Today Vs Marketing Tomorrow, How AI Helps Create ‘New Work’ That Was Previously Impossible, Anti Elon Ad Backfires
May 14, 2025

In episode #2971, Eric Siu and Neil Patel discuss building a data-driven culture, stressing the importance of relevant data and adaptability in marketing. They explore how AI is reshaping marketing by...

Episode
The Power Of Brand, Why I’m Shifting My Marketing Strategy To FREE Over Content Creation
May 13, 2025

In episode #2970, Eric Siu and Neil Patel discuss how AI is changing search engines, the role of natural conversations in content, and smart lead generation tactics. They also explore freemium models ...