Social media marketing & spendings
Did You Know? Studies show that over the next five years marketers estimate that around 18.5% of their budgets will be dedicated to social media marketing strategies, advertising and campaigns. This is a great baseline and foundation to start from when building your own Social Media budget.
For example if you have a $1,000 monthly marketing budget then $180 – $200 of that money should be set aside for social media spending. So what do you after you set the money aside? When it comes to the costs and best prices for social media this will vary widely by providers and largely depend on what platforms you choose and what type of content you decide to create.
When pricing out your social media marketing budget looking for best offers you will want to make sure you cover the following item.
- Strategy Planning
- Setting Up Software
- Daily Management
- Paid Advertising
- Discounts and Promotions
Ultimately when finding the best prices for social media marketing services you will want to cross compare costs over a few providers for the above categories and then decide what works best for you and your budget given the quotes and estimates you received.
Don’t forget to also to continue to shop around for better deals and look for new ways to save. Finding the best pricing and partners in social media is a constant process.
When it comes to choosing the best social media platform for your business you will be faced with a lot of choices and decisions.
These are all the most obvious options you will most likely still need to narrow and focus your efforts on one or two and maybe even a niche social media outlet that is specific to your business. When it comes to picking keep these objectives at the top of your decision making tree.
- Current Popular Accounts
- Ease of Engagement
- Client Conversion
- Content and Industry Integrations
- Budget and Time
Please do not forget to underestimate the power of trial and error, testing and further research. The good news is that there are plenty of social media marketing services tools out there to assure your company, project or message has a voice with the people.