Marketing Budget: How Much Should You Spend on Marketing?

[@LYFEMarketingAtlanta]

QUESTION: What's the most amount of money you've ever spent on a marketing campaign?

[@virtualconnect440]

HOW GOOD IS TOO GOOD I WONDER! YOU ARE THE ANSWER

[@LYFEMarketingAtlanta]

Thank you so much!

[@asifalam509]

Great explanation ❤❤❤

[@LYFEMarketingAtlanta]

Glad it was helpful!

[@KeranSmith]

Very insightful and helpful!

[@LYFEMarketingAtlanta]

Very good!

[@KrystalACPA]

I learned a lot in this video, thank you!

[@LYFEMarketingAtlanta]

Very welcome!

[@brandizatorski7580]

This video has some awesome tips in it! Very helpful!

[@LYFEMarketingAtlanta]

I'm so glad!

[@shermanstandberry6421]

Couldn't have said it any better. Thank you!

[@LYFEMarketingAtlanta]

Glad you liked it!

[@HenryFamilyTheFirst]

Thanks mate, you helped me a lot with this presentation. You changed me for managing director to marketing guru in 10:24. Greetings from down under, down under (Tasmania). Stay safe!

[@LYFEMarketingAtlanta]

Thanks for watching and commenting!! Your comment will be praised throughout our company! :)

[@annisatiara8991]

This video is amazing! I've learned so much in 10 minutes. It's very straightforward, extremely helpful. Never liked and subscribed on a YT video this fast. Thanks!

[@LYFEMarketingAtlanta]

Wow, thank you so much!! We're so glad you've found our channel, and we can't wait for you to see the videos we have coming up :)

[@liveandgatherco]

This is way too much premium information packed into this free video lol, great work!

[@LYFEMarketingAtlanta]

Haha thank you so much!

[@xabialonso1144]

Hey Sean, thanks for the awesome content! Regarding calculating the max CPC part 4:47 can you please explain how you come up the result with the max CPC $800?

[@LYFEMarketingAtlanta]

Max CAC (Customer Acquisition Cost), is the max you are willing to pay per customer. So my example was if you make $1000 for each customer (LTV) and wanted 20% profitability that would make your CAC $800

[@xabialonso1144]

@@LYFEMarketingAtlanta Thanks! The example on the video is 10% profitability. I think that made the difference. So I don’t need to think about the expenses when calculating CAC right?

[@MsJuliab14]

@@LYFEMarketingAtlantawhat about the cost of goods sold? In this example it only costs them $10 to produce a provide they sell for $100? That’s a pretty large profit margin.

[@souelyoung2233]

Dope Video with great information !

[@LYFEMarketingAtlanta]

Appreciate it!

[@elizabethsalgado3202]

Thanks for the video… it was very clear and helpful. 🙏👍

[@LYFEMarketingAtlanta]

Glad to hear that!

[@anumunindra]

Very well explained

[@aleomessina]

Awesome content! This is great for someone like me to see (a new KZbinr) so I actually subscribed because of this! Thank you. Keep them coming! 🙌🔥🔥

[@LYFEMarketingAtlanta]

Thanks for your support!! It can be difficult being in a position where you're just starting out (we've been there too!) so we're glad you found this helpful :)

[@jf9209]

Excellent Content that allows me to plan a fact based budget, but also challenge the Company's top-down budgeting estimate and constraints

[@LYFEMarketingAtlanta]

Thank you for watching, we're glad our video helped you!

[@elissarummy]

This was the most helpful marketing vid I’ve ever watched 🥺🙏

[@LYFEMarketingAtlanta]

Glad it was helpful!

[@fareedjacob]

thanks alot. awesome video.

[@LYFEMarketingAtlanta]

Glad you liked it!

[@maxfarbermusic]

Great video! Thanks

[@LYFEMarketingAtlanta]

Glad you liked it!

[@m.rajeshkumar5131]

Hello Sean, can you explain 5.52 time stamp where u mentioned roas 1.25 how u calculated that can u explain it please

[@LYFEMarketingAtlanta]

The formula for ROAS is net income/total assets!

[@PhirunKao]

I've learnt a lot from this video. Thank you so much, bro!

[@LYFEMarketingAtlanta]

Glad it was helpful! Thanks for watching :)

[@SunnyProspect]

How do you determine an annual marketing budget if you are a new company planning a marketing strategy who hasn't even launched yet? Meaning no sales have been made yet.

[@LYFEMarketingAtlanta]

We'd recommend you take the Growth Method approach (7:04 mark), meaning a budget that's as close to $1K-$2K a month as you can afford.

[@chasingsavoryspaces6921]

Definitely tackled a BIG topic in this video! Thanks for sharing, very helpful info for business owners looking into marketing! LYFE SAVER

[@LYFEMarketingAtlanta]

Glad you enjoyed it!

[@jaynicetv640]

What if you are brand new and have not made any sales?

[@LYFEMarketingAtlanta]

We'd recommend you still have a marketing budget! Did you find this video helpful?

[@jaynicetv640]

@@LYFEMarketingAtlanta where would you recommend to start?

[@trawisdirezil8268]

nice cap

[@baddiesintech]

You guys have such great content! Thank you for creating these videos!

[@LYFEMarketingAtlanta]

Thank you so much!! :)