How much of your business revenue should be spent on digital marketing? This is a question we hear a lot, and the simple answer is that there’s no simple answer. The “magic number” you typically hear is 10%. The Small Business Administration recommends budgeting 7-8% of gross revenues to marketing, assuming revenue below $5 million and profit margins of 10-12%.
The reality is that it’s far more important to look at your own needs and goals to determine where you want to take your business.
Google.com. GoDaddy.com. Yahoo.com. These websites and the companies behind them are all household names, but take yourself back to the day when you first heard them. Google? What’s a Google? Yahoo sounds more like you’re cheering for your favorite team.
Today, nobody has any trouble identifying these companies, but that is the result of massive, multi-million dollar branding and marketing campaigns. For the average business, such a campaign is out of reach, so it’s important to spend more than a few minutes deciding on a good domain name for your website. In this article, I’ll walk you through some of the factors I take into account when I’m helping a client choose their domain name.
