In Episode #125 Neil and Eric talk about the factors you need to consider when setting up a marketing budget. Listen as they illustrate why marketing budgets don’t need to be BIG so long as they adequately accommodate the marketing strategy in place. Time Stamped Show Notes: 
00:27 – Today’s topic: How to set a marketing budget
00:34 – Bigger companies’ budget vs small companies’ budget
00:52 – Neil doesn’t believe in a marketing budget 
01:18 – Your budget should be flexible depending on the results you’re getting
02:24 – The one that spends the most, is the one that wins
03:31 – The budget should be set by internal resources 
04:02 – Spend money on things you get results from
04:24 – Explain why you’re capping budgets
05:17 – Neil talks about his and Eric’s trip to Las Vegas
06:32 – Neil is a gambler in business
07:21 – Spend money in the right areas
07:57 – That’s it for today’s episode! 3 Key Points: 
Your budget should always be flexible.
Analyze your marketing campaigns for areas of rapid growth than put your budget into those.
Spend your money on campaigns that deliver results.

Leave some feedback:
What should we talk about next? Please let us know in the comments below.
Did you enjoy this episode? If so, please leave a short review.

Connect with us:
NeilPatel.com
Quick Sprout
Growth Everywhere
Single Grain
Twitter @neilpatel
Twitter @ericosiu



Learn more about your ad choices. Visit megaphone.fm/adchoices

In Episode #125 Neil and Eric talk about the factors you need to consider when setting up a marketing budget. Listen as they illustrate why marketing budgets don’t need to be BIG so long as they adequately accommodate the marketing strategy in place. Time Stamped Show Notes: <ul> <li>00:27 – Today’s topic: How to set a marketing budget
</li> <li>00:34 – Bigger companies’ budget vs small companies’ budget</li> <li>00:52 – Neil doesn’t believe in a marketing budget <ul> <li>01:18 – Your budget should be flexible depending on the results you’re getting</li> </ul> </li> <li>02:24 – The one that spends the most, is the one that wins</li> <li>03:31 – The budget should be set by internal resources <ul> <li>04:02 – Spend money on things you get results from</li> </ul> </li> <li>04:24 – Explain why you’re capping budgets</li> <li>05:17 – Neil talks about his and Eric’s trip to Las Vegas</li> <li>06:32 – Neil is a gambler in business</li> <li>07:21 – Spend money in the right areas</li> <li>07:57 – That’s it for today’s episode!</li> </ul> 3 Key Points: <ol> <li>Your budget should always be flexible.</li> <li>Analyze your marketing campaigns for areas of rapid growth than put your budget into those.</li> <li>Spend your money on campaigns that deliver results.</li> </ol> Leave some feedback: <ul> <li>What should we talk about next? Please let us know in the comments below.</li> <li>Did you enjoy this episode? If so, please leave a short review.</li> </ul> Connect with us: <ul> <li><a href="http://neilpatel.com/">NeilPatel.com</a></li> <li><a href="https://www.quicksprout.com/">Quick Sprout</a></li> <li><a href="http://www.singlegrain.com/">Growth Everywhere</a></li> <li><a href="http://www.singlegrain.com/">Single Grain</a></li> <li><a href="https://twitter.com/neilpatel">Twitter @neilpatel</a></li> <li><a href="https://twitter.com/ericosiu">Twitter @ericosiu</a></li> </ul> Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a>

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In Episode #125 Neil and Eric talk about the factors you need to consider when setting up a marketing budget. Listen as they illustrate why marketing budgets don’t need to be BIG so long as they adequately accommodate the marketing strategy in...

How to Set a Marketing Budget | Ep. #125

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/3eeb70ee-a04a-4cca-aca1-b0d20082c067/transcript