Marketing Budget Mindset: Tightwad or Splurger?
For some reason, when people are starting a new business venture, they usually fall into two camps when it comes to marketing budgets: tightwads or splurgers. Typically, the tightwads don’t want to spend money on anything, thinking their grand business concept will appeal to everyone and magically lead all these fascinated customers straight to their sales door. At the other extreme are the splurgers, who throw money at their new concept and buy a bunch of promotional items they call “marketing” with the business name plastered all over everything. If I gave you a keychain with my business name on it, how can you possibly NOT buy something from me? Yes, I'm being sarcastic. If you even remotely recognize yourself as falling into one of these categories, listen up: run to the…