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Marketing School - Digital Marketing and Online Marketing Tips

How to Reduce Your Marketing Spend Without Hurting Your Traffic | Ep. #754

Marketing School - Digital Marketing and Online Marketing Tips

Eric Siu and Neil Patel

Business, Marketing, Careers

4.61.4K Ratings

🗓️ 24 August 2018

⏱️ 4 minutes

🧾️ Download transcript

Summary

In episode 754, Eric and Neil discuss ways to reduce spending. Tune in to hear what you can do to cut spending without affecting your traffic. TIME-STAMPED SHOW NOTES: [00:27] Today’s Topic: How to Reduce Your Marketing Spend Without Hurting Your Traffic [00:40] It’s the most expensive at the very beginning. [00:53] You’ll find that over time, the methods you use to get traffic will go into automatic maintenance mode. [01:00] If something is in maintenance mode,  you shouldn’t be spending as much money. [01:18] Why spend the same amount of money when it takes a third of the effort to get results? [01:30] If you take your eye off the campaign, numbers get worse. [01:45] Make sure you are always looking at the basics, optimizing, and cutting what doesn’t work. [02:02] You will struggle to find where you can cut. [02:12] Neil recommends looking at credit card statements to understand your expenses and where to cut. [02:30] Cutting small things will have an impact and you will save money. [02:45] Singlegrain was using over 30 tools in the beginning. [02:54] Now, they are down to 15 tools. [03:10] You will waste money on marketing when you are not looking at your bills every month. [03:20] That’s it for today! [03:28] If you could take two minutes out of your day, we are trying to improve the listening experience for you, so go to Singlegrain.com/survey and help us gain some insight into what matters to our listeners. Leave some feedback: What should we talk about next? Please let us know in the comments below. Did you enjoy this episode? If so, please leave a short review. Connect with us: NeilPatel.com Quick Sprout Growth Everywhere Single Grain Twitter @neilpatel Twitter @ericosiu Learn more about your ad choices. Visit megaphone.fm/adchoices See omnystudio.com/listener for privacy information.

Transcript

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0:00.0

Get ready for your daily dose of marketing strategies and tactics from

0:06.8

entrepreneurs with the guile and experience to help you find success in any

0:11.4

marketing capacity. You're listening to marketing school

0:14.5

with your instructors Neil Patel and Eric Sue.

0:19.4

All right guys before we start we got a special message from our sponsor.

0:27.0

If you want to rank higher on Google, you got to look at your paid speed time.

0:31.5

The faster your website loads, the better off you are. With

0:34.4

Google's core vital update, that makes it super, super important to optimize your

0:38.5

site for low time. And one easy way to do it is use the host that Eric and I use dream

0:44.5

host so just go to dream host or Google it find it check it out and it's a great way

0:49.7

to improve your load time.

0:51.3

Welcome to another episode of Marketing School.

0:55.0

I'm Eric Sue.

0:56.0

And I'm Neil Patel.

0:57.0

And today we are going to talk about how to reduce your marketing spend

1:00.0

without hurting your traffic, Neil.

1:04.0

When you start any marketing campaign, what people forget is it's the most expensive at the beginning.

1:10.0

And I'm not saying the price goes down within the first two months, three months, six months,

1:15.2

maybe not even in the first year. Sometimes you could be spending more and more ramping it up within

1:19.7

the first few years. But over time, what you'll find is a lot of the strategies that you

1:24.3

use to get your traffic that are almost on maintenance mode. When something's on

1:28.5

maintenance mode you shouldn't be spending the same amount of money that you

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