Tag: budget

Small to medium-sized enterprises (SMEs) often face the unique challenge of making a big impact with a limited marketing budget. It's a balancing act: finding innovative ways to reach and resonate with your audience without breaking the bank. In this era where every dollar counts, how do you ensure your marketing efforts are both cost-effective and impactful?

This blog delves into the art of maximising your marketing budget. We'll explore practical, creative strategies that are not only budget-friendly but also powerful in building your brand and expanding your reach. From leveraging the digital landscape to understanding the pulse of your target market, we will guide you through a spectrum of approaches designed for SMEs. Whether you're a startup taking its first steps or a growing business looking to expand its horizons, these insights will help you craft a marketing strategy that is both cost-effective and impactful. These strategies are more than just cost-saving measures; they're stepping stones to building a robust and authentic connection with your audience, fostering long-term business growth. Stay tuned as we unveil the secrets to maximising your marketing resources.

No Money? No Problem! In this post, you'll find many ways to carry out your marketing activities, even if you're tight on your marketing budget. 

If you're a business just starting out or a small-sized marketing start-up agency, you may not have the adequate amount to run your marketing plans. However, the good news is that you don't need costly marketing techniques because there are plenty of ways to reach out to your customers without burning a hole in your pocket. 

A marketing plan is a vital aspect in successfully launching a new product or service. It acts as a blueprint in ensuring your target audience is well educated on your expertise, with the overall aim to generate leads and increase overall sales. All companies are aware of the importance of having a business plan, yet many ignore the plethora of benefits a marketing plan will bring to your business.

Oftentimes, these terms are used interchangeably…

But they actually mean two different things.

Think of it like this…

You are a military leader and about to go war, you would obviously need to prepare all the necessary machineries, weapons, equipment, troops, and the perfect combat strategy to penetrate your opponent’s defences.

The approach to how you are going to tackle the enemy’s defences will be different for each opponent (your competitors), hence this describes your marketing strategy, it lays the foundation before you attempt to do anything.

So, it is essentially like your strategy on how to win the war with your limited sources and capabilities.

Video marketing is a distinct niche in the content marketing world, one that seemingly requires a bunch of work and expertise to effectively pull off. The good news is that this isn’t necessarily true! No matter what your company is doing the video realm or how you feel about video in general, there’s no denying the power and impact that video marketing can have for your business. Recently, Marketing Eye engaged Robotic Marketer in a discussion on LinkedIn Live, delving into the nature of video marketing. A 2018 study from Wyzowl reports that “81% of businesses use video as a marketing tool,” which is up from 63% in 2017. Going into 2020, it’s more important than ever to integrate video into your marketing efforts.

Building a marketing budget is a crucial step in establishing your marketing needs. A budget may sound like a kind of “leash” at first, but really, it’s a way to plan and strategise financially. A comprehensive, solid marketing budget will be able to equip your team to establish and accomplish the goals you set. Below, we have some things to consider while you are building your next marketing budget.