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Your B2B Marketing Budget Playbook for 2021 Success [Research]

Marketing Insider Group

Most companies have learned that B2B marketing budgets are much more important than they thought – and that their existing marketing strategies, well, kind of sucked. Quick Takeaways: Although revenue and general spending shrunk, B2B marketing budgets more or less remained intact. Some Good News: B2B Marketing Budgets Appear Unscathed.

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Recession Planning: Should You Cut Your Marketing Budget?

Zoominfo

All too often, marketing budgets are the first to be scaled back. We surveyed nearly 250 marketers , and while 59% of respondents said they either were not adjusting their budgets or weren’t making significant changes, almost 40% said they were cutting back on marketing spend in anticipation of a recession. You get it.

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The Impact of COVID-19 on B2B Marketing Plans: Tech vs. Non-Tech

Webbiquity

Among the findings: 61% of marketers expect at least a modest reduction in their overall marketing budgets for this year, with smaller vendors expecting the biggest declines. overall budgets will be cut). The financial crisis of 2008-9, in contrast was sparked by the bursting of a bubble in real estate values.

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Don’t Cut Your Marketing Budget in a Recession, as seen on HBR

6sense

But they did change what they were spending their marketing budget on and when to reflect the new context in which they operated. During recessions, when most firms are cutting back on their brand advertising, a firm’s share of voice increases if it can maintain or increase its advertising budget. R&D and new product launches.

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Why A Digital Marketing Agency Makes More Sense During A Recession

Square 2 Marketing

Having been through this back in 2008, digital marketing agencies are in a unique position to help companies get through a recession. Hiring will slow down, layoffs could increase, spending will likely decrease and it’s going to be harder to win business.

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3 Studies to Help You Keep Your Marketing Budget and Fend Off Reactionary Cuts [UML]

Sword and the Script | B2B

You can’t control the constraints imposed by the Coronavirus, but you can make a case to keep your marketing budget It’s a challenging time to be a marketer. Second, the business is chasing after your budget with a saw. That’s a solid case for why you should absolutely, positively not cut your marketing and PR budget right now.

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Content Marketing During a Downturn: Here’s What the Conventional Wisdom Gets Wrong

Contently

When these words start to appear, conventional wisdom tells businesses to cut their marketing budgets. The trick, as many researchers found, is to adjust and reallocate your budget rather than gutting your chance at growth. When the budget runs out, you’ll have to spend more to keep seeing results. Economic uncertainty.