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Create a Marketing Budget

In the golden days of business, you could not survive without a large marketing campaign launched by a traditional advertising company. Marketing is still important today, but many small businesses survive and even thrive without hiring any outside help. Large companies now have their own advertising departments that create campaigns and build excitement about new products. As a small business owner, you must act as your own advertising department and find ways to get people excited. Before you ever look into advertising, you must create a budget for all your advertising needs. This budget usually starts by discovering the different types of ads.

Advertising falls into two main categories: web marketing and offline ads. Web marketing encompasses any type of ads that you run online, including banners on websites, email campaigns, articles posted in article directories, and videos that you post online. Offline marketing covers anything that you do in the real world. Flyers that you pass out on the street, ads that you run on television or radio, ads on buses and park benches, and newspaper ads are all part of offline ad campaigns. Some of the ad ideas are too expensive for small businesses, which is why you need a budget.

Some find it helpful to use business mentoring coaches and other professionals. These people have created budgets in the past and can look at your overall budget and find ways to reduce costs. The professionals also help you pick the best types of marketing and which ad campaigns work best for your products or any services that you offer. For example, paying for ads that run on buses might not be effective if you live in a smaller area where the buses run less frequently. Newspaper ads are more effective in daily newspapers, than the ads are in areas where the paper runs once a week.

Every type of ad costs a different price and the price often relates to your location. You should expect to pay more for ads that run in larger cities than you would in smaller towns. Radio and television ads are among the most expensive, but even newspaper ads begin adding up if you run the ads regularly. The cheapest way to advertise is with flyers and business cards that you give to people, leave in mailboxes, and set on cars. You should check the laws in your area, as some prohibit the use of leaving flyers without permission.

Kimberly Dudley

AcQyro – The Customer AcQuisition Platform

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