Dheeram Vadgama’s Post

The start of the new financial year is the ideal time for businesses of all sizes to establish a marketing budget for the coming twelve months. A dedicated #MarketingBudget is essentially a comprehensive list of all money you will allocate to your marketing efforts. Formalising your marketing spend in this way is vital to tracking and measuring your return on investment (#ROI), and ensuring your budget is only going towards the most effective activities. So what are the key considerations for creating an effective marketing budget in this new tax year? https://buff.ly/3wbA25G #NewTaxYear

ROI (return on investment) and your marketing budget go hand in hand. Your marketing budget determines how much money you have to invest and how you are going to spend it. Being unaware of the available capital and how it is being used is a common reason many companies fail. Without an effective marketing budget and plan, any business may find itself unable to pay back costs and owing money to other companies. This can even result in potentially owing customers something that cannot be delivered. Employees could also lose out. No matter who is impacted by poor planning, the damage is equally severe. A massive hit to both reputation and financial standing can take a significant toll on your business. A well-arranged marketing budget helps in the planning process and in measuring and managing the money you have, ensuring every expenditure is duly considered. Before establishing your marketing budget and plan, make sure you have researched the following areas: - Industry and market research - Competitor analysis - Marketing audit - Internal marketing performance records Taking these steps will help ensure that your marketing efforts are both efficient and effective, protecting your business from unnecessary financial risks. #MarketingBudget #ROI #BusinessPlanning #MarketResearch #CompetitorAnalysis #MarketingAudit #FinancialManagement

When managing your marketing budget... Striking the right balance between overspending and underinvesting is essential. Discover how to get the most out of your investments, especially as we approach the end of 2024. Read on! #affiliatemarketing #affiliatemanagement #paidplacements https://lnkd.in/eCuTGhAX?

When it comes to your marketing budget... It's crucial to find the right balance between overspending and underinvesting. Read on to learn how to maximize your investments, particularly in the remaining month of Q4. https://lnkd.in/gwEgnt77 #affiliatemarketing #affiliatemanagement #paidplacements

Really curious to understand the marketing budget at Wicked. Some have called it ‘the dream of every marketer’, but a big budget doesn’t necessarily mean a great outcome. Creativity comes when you’re skint, and when you have too much money there’s the risk of spending it in ‘shiny’ ways rather than in effective/relevant/audience-resonating ones. #wicked #budget #marketingbudget

Worried you’re not getting a Return On Investment (ROI) for your marketing efforts and spend? Use this helpful ROI Calculator to find out exactly what your return is, and where there are opportunities to improve. Find out how well you fare against your competition with a Website and Marketing Report Card https://lnkd.in/g3XqRfSU #dentalmarketing

💡 𝗪𝗼𝘂𝗹𝗱 𝘆𝗼𝘂 𝗹𝗶𝗸𝗲 𝘁𝗼 𝘀𝗮𝘃𝗲 𝟮𝟱% 𝗼𝗳 𝘆𝗼𝘂𝗿 𝗺𝗮𝗿𝗸𝗲𝘁𝗶𝗻𝗴 𝗰𝗼𝘀𝘁𝘀? 💡 With the recent changes in the Autumn budget impacting many businesses, it’s a good time to review opportunities for 𝗰𝗼𝘀𝘁 𝘀𝗮𝘃𝗶𝗻𝗴𝘀 𝗮𝗻𝗱 𝗯𝘂𝗱𝗴𝗲𝘁 𝗼𝗽𝘁𝗶𝗺𝗶𝘀𝗮𝘁𝗶𝗼𝗻. I consistently achieved a 25% annual saving in the marketing budget for a top 100 national law firm. Want to know how? Not only did I help manage cost savings, I brokered many 𝗰𝗼𝗺𝗺𝗲𝗿𝗰𝗶𝗮𝗹 𝗱𝗲𝗮𝗹𝘀 𝘁hat supported the firm to: • 📈 Develop new distribution channels • 🤝 Strengthen intermediary relationships • 🌟 Build a presence with leading industry associations • 🚀 Attract new clients • 🧠 Boost brand visibility • 💼 Co-create innovative products • 💡 Discover fresh revenue streams • 📲 Increase digital engagement • 📊 Grow and enhance the client database If you're looking to reduce your budget and/or uncover new commercial opportunities, let’s chat! #𝗠𝗮𝗿𝗸𝗲𝘁𝗶𝗻𝗴𝗕𝘂𝗱𝗴𝗲𝘁 #𝗖𝗼𝘀𝘁𝗦𝗮𝘃𝗶𝗻𝗴𝘀 #𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁 #𝗖𝗼𝗺𝗺𝗲𝗿𝗰𝗶𝗮𝗹𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝘆 #𝗥𝗲𝘃𝗲𝗻𝘂𝗲𝗚𝗿𝗼𝘄𝘁𝗵 #𝗠𝗮𝗿𝗸𝗲𝘁𝗶𝗻𝗴𝗖𝗼𝗻𝘀𝘂𝗹𝘁𝗮𝗻𝗰𝘆

Who wouldn't want to attract a multitude of clients at NO cost? We certainly would! That's why we offer our marketing services completely free of charge. Yes, you read that right. How do we make it possible? Our services are fully tax-deductible. This means that the significant revenue we generate for your company essentially costs you $0. By leveraging tax benefits, you can enjoy our top-notch marketing expertise without impacting your budget.

With all this talk about marketing budget allocation this week, you might be wondering how we help our clients get the most out of their budget. 💯 Firstly, we get the varied financial constraints businesses may face when it comes to marketing - it's not easy. With this in mind, we tailor our services to your unique needs. This means that we’re able to work around your budget. Our combination of technology and expertise allows us to complete tasks quickly and efficiently, resulting in cost savings for you. At each budget level, our team of marketing experts are committed to ensuring you get the best return on your investment. We do this by continuously monitoring performance of implemented strategies and campaigns, making necessary adjustments along the way to maximise results. 📈 Want to see what we’ve been able to accomplish for our clients? Click on the link to our case studies in the comments. 🔗 #marketing #marketingagency #budget

How to Allocate Your Marketing Budget for Effective Growth Learn the ideal percentage of revenue to allocate for marketing and discover strategies to fund it. Increase your chances of growth by investing in marketing and boosting revenue. Find out whether payroll for a marketing team is included and understand the right blend between actual campaigns and marketing efforts. Allocate 20% to production and 80% to deployment for optimal results. #MarketingBudget #RevenueAllocation #MarketingInvestment #BusinessGrowth #BoostRevenue #MarketingStrategies #CampaignDeployment #MarketingEfforts #EffectiveGrowth #OptimalResults