It’s Time to Start Thinking about Budgeting
It is the middle of August and it seems very strange to be thinking about 2018. You are still finishing up vacations and the kids are on their way back to school. The question is how long do you want to wait? In today’s business world marketing budgets take longer to prepare, especially when Content Marketing is the largest growth possibility in 2018. If your business is grossing more than 5 million in revenue, according to the Small Business Association, your company should be spending 8% to 10% of the total gross revenue in order to grow. If less than $5 million in gross revenue, a company should be spending 10% to 12%. It is further suggested that in 2018 a company spends ⅓ of this on Digital and ⅔ on traditional marketing avenues.
The real question is how do you use it? Where do you spend it? What do you spend it on? The answer is Content Marketing! I know what you are thinking, “You are nuts, that is against all marketing principles and that puts all of my eggs in one basket.” I would agree with you unless we are talking about Content Marketing.
Content Marketing is a marketing art that combines both Traditional marketing and non-traditional marketing. I like to explain it as a spider web, You have your Mooring threads, these we would explain as Traditional and non-traditional marketing, these connect to your anchor point which is your business. Your frame threads are your different avenues, TV, Radio, Newspaper, social media, digital advertising and many other avenues. Your radials are your different possibilities in your categories which include items like ABC, CBS, Facebook, Instagram, Journal Sentinel, google in our local Milwaukee market. Finally you have the most important element and that is the Viscid thread. The Viscid thread ties it all together and create the foundation for the success of the web. That is the part that creates the personal touch for the consumer all leading them to the Hub of the web which is your website, your location, a phone call or email.
Imagine you are watching TV. Then you see an ad that shows you what is possible with a certain laundry detergent. Then you look on Youtube and see a different story for the same company that shows the same story in a different way. Then you look on Facebook and see an ad for the same product telling the story of the Laundry detergent. Now imagine you are in the store trying to pick out a laundry detergent. You are most likely to relate to the story they provided and get the detergent that you saw in all those advertisements. That is Content Marketing!
We believe that “Your success is our Success” It is what makes us different. It is what makes us Paragon.