4 Ways to Get More from Your Marketing Budget

There will be a lot of enduring business lessons from 2020, but in the long run, one of the strongest takeaways will probably also be the simplest: be careful how you spend your money.

You could take our industry as an example. It’s relatively easy to get good online marketing results when the economy is healthy. Throw in a bit of uncertainty, though, and suddenly things that used to work automatically no longer generate returns.

That can put marketers in a tough spot. On the one hand, a few businesses can’t afford to waste money right now. But on the other hand, those same businesses can’t afford to stop marketing either, at least not if they want to continue generating sales.

From our point of view, the answer is to simply be smarter about your spending. To help you out, today we want to give you four ways you can start getting more from your company’s marketing budget…

1. Trace Leads and Sales Back to a Source

You can’t maximize your marketing budget if you don’t know what’s currently working. That’s why we always recommend tracing the source of any new lead or sale. Whether it’s through web analytics, phone questionnaires, or a combination of other tactics, you should do your best to determine how buyers are finding you. Then you can work on emphasizing those sales and marketing channels.

It may be the case that several marketing campaigns are working in concert to generate returns. However, it may also turn out that a big portion of your time and budget are being wasted.

2. Spend with Your Head, Not Your Heart

We frequently meet with business owners who engage in marketing campaigns that are based on their preferences rather than customer behavior. For example, many like posting messages on Facebook and Instagram, because they are personally familiar with these platforms, even though they aren’t generating real results.

After you’ve taken the time to figure out where new business opportunities are coming from, you need to pour your time, energy, and money into the ideas that are working… even if that means ignoring other options that are more fun or comfortable.

3. Adjust Your Budget in Increments

As a general rule of thumb, you never want to increase or decrease your marketing budgets rapidly. Doing so can lead to wasted money and missed opportunities.

When you scale up too fast, you often become less precise in your targeting. You reach for new demographics or audiences that don’t convert at a high rate. When you cut spending dramatically, you can unintentionally stop the flow of new leads and customers into your company. Neither approach is going to be efficient.

4. Spend a Little to Save a Lot

Many years of experience in this business have taught us that an expert eyeand a different perspectiveare crucial when you’re trying to make good marketing decisions. It helps to have someone who knows the ins and outs of web design or search engine optimization, for example, especially if they can help you evaluate the results you’re getting with a critical eye.

Business owners sometimes think they are saving money by doing everything on their own. In reality, they waste countless hours and dollars because they don’t have access to the expertise they need.

Why a DIY Website Costs More Than You Think

Lately, we have been hearing from potential clients who want to know whether they really need to pay for professional business web design when there are so many DIY website templates available at little or no cost. Why hire a web designer or creative team when you could build and host your own pages for just a few dollars per month?

The simple answer is that DIY web templates end up costing you more than you might think.

In this case, we aren’t talking about the add-on expenses you might face while getting your website online, although you do need to look out for those. Neither are we referring to the lack of customization, the extra coding that will be hidden in your pages, or the fact that you might not own the resulting website if you use a DIY service? These all factor into the value of one solution versus another, but they shouldn’t be your primary concern.

In fact, to understand why DIY websites cost a lot more than advertised, you just have to grasp something a little more basic…

Business Web Design Comes Down to One Thing

Although it’s easy to focus on things like layouts, content management systems, and SEO plans when thinking about business web design, those are just details. Your main concern should be earning a positive return on investment through the project.

In other words, the point of your business website is to help your business grow. It’s true that it needs to look good and function correctly for that to happen, but you should never lose sight of the fact that the website’s sales, marketing, and cost-cutting power are what make it so valuable.

With a DIY website template, you’re getting the appearance of a custom website without any of the underlying benefits—like a unique design, messaging that appeals to your customers, and plugins tailored to your business model—that actually help you generate results. It’s the online equivalent of spray painting something gold and hoping it will suddenly have great value.

The Math of DIY vs. Professional Web Design

To understand how this dynamic plays out and affects your bottom line, we can turn to some simple numbers. Imagine for a moment that your business website receives 100 unique visits per week. That would be very low for the clients we would work with. But, it makes the math easy, so we’ll stick with that figure.

100 visits each week turns into 5,000+ opportunities to make an impression on new customers roughly every 12 months. If 1% of your traffic converts after visiting your custom website, that’s only 50 new customers per year. You’ll pay more long term versus what you would spend with a website design team. A proper web design team will help boost your PR, recruit, and much more.

The average client might see 10 times the traffic to their website, of course, and get 10 times the return. But the simple math helps put the costs of a custom web design in perspective… along with the risks of a DIY template.

Do You Want a Business Website That Pays for Itself?

Your website and online presence is your investment. The cost won’t matter as long as you are receiving a positive ROI. Websites take time, skill, and money. Don’t build a DIY website on your own. Put your investment to better use when working with our web design team. We help you achieve the positive result you’re looking for. Any money you invest that isn’t getting you positive results is money wasted.

 

If you found this article helpful, check out our similar blog on website diy templates

5 Frequently Asked Questions about PPC Advertising

New clients often come to us with many questions about pay-per-click (PPC) advertising. It’s not hard to understand why. On the one hand, you can have a new campaign of PPC ads up and running within minutes. But on the other hand, those ads are going to cost you money, and you can watch your budget get eaten up hour by hour.

Additionally, most business owners understand—either from stories or first-hand experience—that PPC ads can lead to fast sales or lots of wasted dollars. So, they may be alternatively excited and apprehensive at the idea of running them.

You may be able to relate to some or all of these situations. In order to help you make good decisions for your company, we are going to share the answers to five frequently asked questions about PPC ads we hear all the time…

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