Things to Consider When Planning Your Marketing Budget
Things to Consider When Planning Your Marketing Budget The answers to this question will vary depending on your organization’s size, but the core concepts will stay the same.
Key Concept: Determine Purpose Before Budget Size & Budget Size Before Allocation
1. What’s your purpose?
Are you acquiring users fast in hopes of monetizing them later? Are you building a marketplace where supply side and demand side must be kept in equal size to work? Are you cracking into a new market where no one knows you?
Are you disrupting, preserving or catching up? (hint: you’re often doing all three but one is usually ahead of the others)
Disruptors are heavy on acquisition and awareness marketing.
Preservation marketing is heavy on thought leadership, sales enablement and ubiquity in your mark...