In Episode 51 of the Bright Planning Marketing Podcast, your hosts Catherine Campbell and Jason Pyles kick off the episode by talking about the historic total solar eclipse of 2017. But the primary focus of this episode is marketing on a budget for small businesses.

Even if you own a small business, it is crucial that you keep track of your marketing budget and plan appropriately for these necessary expenses. One purpose for marketing is to increase brand awareness, but we realize that it’s difficult to see a direct correlation of how that pays off. The good news is there are ways to track exactly where your money is going.

During this episode, we talk about the benefits of hiring an accountant to assist you, if you’re not a numbers person.

Naturally, we provide some guidelines for creating your marketing budget. Many companies dip into their sales and marketing budgets, so we recommend setting up a separate business checking account that you can use solely for marketing. Remember, your marketing budget and operating capital are not the same.

We also explain how to build your marketing budget in such a way that you can scale it to correspond with the growth of your business. In Episode 51, we also discuss fixed expenses, one-time expenses and variable expenses.

In short, this particular show is essentially “Marketing Budget 101.” Join us!

It kills me when people just say, ‘Oh, I think I’m going to just make this commercial.’ … And they’re not really thinking it through because somebody just came to them and said, ‘Here’s a great deal on buying air time at a reduced rate.’ But if it’s going to be at 2 in the morning, between commercials for shows that your target marketing won’t be watching — then who cares? That’s a terrible waste of your money!

 

We want to hear your thoughts, reviews and more questions!

LEAVE A REVIEW ON iTUNES, AND SUBSCRIBE TO GET NEW MARKETING EPISODES ON THE GO. Have a question for Catherine? E-mail us! info@brightplanning.com. Thanks for listening!

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