14/12/2021
Marketers say the most important resource they need to achieve their social goals is a budget. With a budget, social marketers can experiment with new content formats, expand advertising to new platforms, and invest in social tactics that entice customers.
Here are three types of social media budgets:
✅ Traditional budget: This is where you start with a lump sum of money and then divide it up among the various categories. Once a category is depleted, it cannot be replenished with new funds.
✅ Flexible budget: This is where another category can fill the void left by a depleted category. Is one category out of money, while another is flush with cash? Move it over.
✅ Zero budget: This is when, at the start of each budget planning cycle, you begin each category with zero. You raise the amounts for each category, justifying the cost each time.