Spring, or second quarter, is a great time to take a look at all the new year initiatives you put into play and see what’s working and what’s not. Time to shed some weight, and not waste money on budget items that aren’t giving back enough on your investment.
But how do you decide what to ditch and what to hold on to? That’s always the tough part.
Here are a few things to consider this spring and your “ditch pile”:
- What’s sucking your budget: There are a lot of overhead and unexpected costs that go into a yearly marketing budget. This may include (but isn’t limited to): website hosting, graphic designers, and PR agencies. Take a look at where your money is going and whether or not these costs can be lowered. Do you pay a graphic designer to make new new several times a month? What about seeing if they can create a template for you instead. That way, you can make the updates for new contests or announcements yourself.
- What’s just not working: Sometimes we invest in tools that end up being more of a hassle than anything. For example, some tools may have seemed cool and great for CRM or social media management, and instead waste too much of our time and give us little data and information. If it’s not saving time, it’s just costing money. Ditch it. Change it. Move on.