In this 10 part series, we are exploring simple steps you can take to get your digital house in order – before you start paying for advertising.

Last week in Step 7, we covered ‘Establishing your Baseline’.

Now lets move on to Step 8.
 

It is far better to do one medium well than 10 media poorly

– Bob Hoffman

 

How much should I spend on advertising?

Don’t spread yourself too thin, while there is an eagerness when starting out in digital advertising to try everything. It’s best to master 1 or 2 channels at a time, then take learnings from those and apply as you grow.

At the same time its difficult to spend too little on a channel as insufficient data means we cannot draw conclusions from our testing.

So we are after a sweet spot of enough spend to achieve conclusive testing results but not too much (at least in the beginning) as we don’t want to waste excessively while testing.

  • Up to $5k/month -> 1 Channel, bottom to middle of the Funnel

  • Up to $10k/month -> 1 Channel, Full Funnel

  • Up to $20k/month -> 2 Channels, Full Funnel

  • $20,000+ = Multiple Channels, Full Funnel

Now that you have considered your Advertising Budget, stay tuned next week for the next step in Before you pay for clicks: Part 9.

How can we help?

Not many people know this but the word ‘Crisis’ in Chinese is actually made up of 2 characters, one means Danger and the other means opportunity.

Although we are going through this crisis, this current situation can force us to come up with better and more efficient processes, internal collaborations and better leaderships.

If you need help with your Online Ads, reach out to us here: https://intnt.nl/hello

Stay up to date

Get notified when we release more content. Subscribe here.

0 0 vote
Article Rating
Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments
0 0 vote
Article Rating
Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments