How to make the most of your PPC budget?
You’re here, reading this, right now, because you want to get the most out of your business’s ad spend, and you’ve come to the right place. Whether you are after a Google Ads campaign or just techniques to improve your conversion rate, it is vital to know how to stretch that digital marketing budget. We’ve put together a guide below to do just that…
No matter where or how your investment is allocated into your digital advertising budget, it’s important to have a plan to control spending. That means having a plan not to spend money on wasted efforts. That means keeping up with a few tricks of the trade:
Three easy steps to ad spend budgets
- Make sure not to overspend
- Track digital ad spend and expenses, and
- Re-organize or cut the losses to get the most out of your digital advertising budget
Where to put money for your digital marketing budget?
We want you to keep something in mind before you get into the meaty part of things. Every digital marketing budget can vary for each business, and there are many cost-effective digital marketing strategy improvements at your disposal. Your budget is determined by the size of your business and what your goals are, and that can be very unique. While they aren’t precisely how you want to convert leads, the following tips will show you how to get the most out of your digital advertising budget.
Be crystal clear about your business goals
Before we get into anything else, it’s essential that you have already defined your marketing priorities and how to achieve them. There is no business in Australia that is precisely similar to another, so there will be varying goals, and it’s up to you to ensure those goals are being prioritised over all else. You may be a fresh start-up, a known local brand, or a national brand with the franchise; budgeting can be intimidating regardless of this. However, with clear goals for what YOU need for YOUR business, you’ll find the experience is much more organised. Take a look at how you’ve been doing things up until now and maybe review the digital spending you did last year. Focus on methods that worked the best, and don’t hesitate to ditch anything that wasn’t successful because you need to cut the losses. You may even discover that successful customers can benefit from improved CRO techniques because every business needs them.
Choosing digital marketing channels/platform best for you
Different audiences and brands require selecting the best ways to market, including the proper marketing channels. This may require the expertise of a local digital marketing expert, but you need to begin looking into how different digital channels can work in your favour to yield the best ROI. Here are a few questions to ask yourself to help pin down the answer:
- Do I need to do outreach?
- Who are we targeting?
- What is the goal of the marketing campaign?
- Do we want improved brand awareness?
- Are we after conversions?
- Is the goal more traffic?
- Which social media channels are my target audience on?
Content is still the king and queen…
Even with changing trends and new waves of digital marketing, content marketing remains a critical factor in digital marketing success, especially when establishing expertise in your industry and building a trusting bond between your brand and your audience. We strongly recommend allocating a good portion of that digital marketing budget to content creation. The truth is that content is a budget-friendly marketing tactic to use for any growth goals. Content drives traffic better than most other marketing methods. It will position your company as a thought leader, which will make potential customers gravitate towards you. You’ll also build credibility as a pro in whatever service you are offering.
Cultivate those current customer relationships
Let’s face it – friends you’ve already made are more valuable and cost less than finding new ones. You’ve already impressed them with your products and services, and they’re already quite happy with you because they keep calling back, isn’t it? The bridge of trust and credibility is already built here. Customers trust brands they’ve already dealt with, and they’ll keep doing it if you invest in the effective use of CRM. Nurture and prioritise those relationships and don’t take them or their loyalty for granted. Allocate some of the digital marketing towards specific campaigns for them specifically. That may mean giving them access to special offers tailored just for them, including discounts, freebies, sales, giveaways, etc.
Work with a professional
Budgeting for a digital marketing campaign can be daunting, and that’s completely normal because you may not know what works and what doesn’t just yet. It may be easier to take out the guesswork from the equation and invest in the experts that know what works to get the best results. Partner with the experienced team at Floodgate Digital, and we can fast-track your familiarity with digital marketing and budgeting but make a significant difference in your ROI. We have proven profit-pumping techniques that can work for any business. Australia’s Business.gov department firmly agrees that effective digital marketing can help achieve your business goals.
Now that you have all this information in mind, we hope that we’ve helped to focus your intention on your digital marketing strategy. Once you have your purpose sorted, then everything else will be a breeze. Making the most of a digital marketing budget will become more manageable, although it requires planning, strategy, and agility. Suppose you take from the lessons in this guide. In that case, all you need to do is to clearly define business goals before beginning, choose the proper channels, and nurture relationships with existing customers. All of these are the appropriate methodologies because they are tried and tested by many digital marketing minds across the country. You can enjoy more revenue for your business, leading to more growth and long-term gains.