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Recession Planning: Should You Cut Your Marketing Budget?

Zoominfo

The constant pendulum swings give consumers and businesses little confidence for planning ahead, and the only thing we can probably agree on is that everything really is weird. All too often, marketing budgets are the first to be scaled back. But cutting back on marketing isn’t always what’s best for your business.

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How to optimize your marketing budget: Do more with less

Sprout Social

Managing social media and other marketing channels in this economy can be challenging. You’ll need a plan to address top budget concerns to provide clarity and control over every dollar spent. It’s all about knowing what’s working, and focusing in on activities and core channels that are delivering.

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How To Plan Your B2B Marketing Budget Like A CMO Pro

Envy

How do you plan when your marketing (and beyond) world spins at an unprecedented pace? Pandemic aside, this is not the first time B2B marketers will face drastic changes to their best intended budget plans. Here are some practical tips to keep you on the right marketing budgeting (and planning) track.

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Why You Should NOT Cut Your Marketing Budget This Year

Hinge Marketing

Today’s professional services marketers are responsible for doing more with less than ever before. From following innovation in marketing technology to supporting their firm’s recruiting campaigns, the list of ways they need to manage their marketing budget increases in complexity every year.

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Ten Ways to Optimize Your Marketing Budget

Golden Spiral

Have you been asked to cut your marketing budget? Google slashed their own marketing budget at the height of the pandemic. The UK government urged businesses to reduce prices by cutting their marketing spending. Fitness megabrand Peloton is making the marketing cut. Watch the headlines.

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How to Use Marketing Budget KPIs for Decision-Making

SmartBug Media

The most skilled marketers aren't just the ones who can identify the best channels for growing customers; they are also the ones who can identify the best channels to avoid. Key KPIs to Track in Your Marketing Budget. Cumulative spend: The total budget expended across all marketing channels.

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Managing Marketing Budgets in a Crisis

Ledger Bennett

Air BnB However, large scale budget cuts aren’t always the answer as you can see from this analysis of Air BnB’s response to the COVID-19 crisis. To save money, Airbnb halted all its marketing activities at the end of March in order to save an estimated $800 million in 2020. Of course, it’s not alone.