marketing budget Tag

28 Jul Budget Strategies for Your Content Marketing Launch

Seventy-one percent of marketers will increase their spending on content marketing this year, according to recent Curata report. The report, which surveyed 500 industry professionals, found that best-in-class marketing campaigns rely on a predominance of 65 percent original content, supplemented by curated and syndicated material. The payoff is tangible, with 62 percent of companies reporting that content marketing improves both their quantity and quality of leads. But creating content costs money, a reality reflected in Gartner's finding that small businesses will spend 10 percent more on digital marketing this year. If you're just starting to promote your business via content marketing, your budget is probably limited—making it imperative you develop a cost-efficient strategy for funding your initial promotional push.

Scale Your Budget to Your Revenue

A 2012 survey by Staples found that the average small business operates on a $2,000 per year marketing budget. According to the Small Business Administration, however, the smart strategy is to scale your marketing to your revenue projections, which might make this too small.