Planning Your Annual Advertising Budget? Think, Solutions!

cashmoneyWith the end of fourth quarter ending soon, many businesses find themselves in the midst of reviewing the past eleven months, and budgeting for the coming year. Obviously, the end product of the budgeting process is to look ahead, and usually a valuable lesson is learned while re-examining what already occurred. Learning from the successes and challenges of the past will help you plan accordingly in the new year.

Advertising spending for the first quarter of 2009 is expected to reach new highs as the cash cows stray away from print media, and invest in their presence on the world wide web. During this same period last year, gains in ad spending for print media increased in magazines while newspapers continued to decline, this fad is still rolling strong according to figures released by Nielsen.

Budgeting your advertising dollars effectively through these times of economic uncertainty is a necessity. The current economic climate brings with it a few realities most businesses don’t want to accept. Using a well thought out budget, in conjunction with effective online marketing and media plans will succeed in keeping more dollars in your pocket, and increases the likelihood your advertising will be effective.

Now’s your chance to make 2008 a better year for marketing your business. Take some time to review 2008, set your goals, and look ahead to the future. So put your plan in motion, and let the JVF Consulting lead the way in your 2009 annual budget.

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  • RobbinsLISA30

    Every body remembers that modern life seems to be very expensive, but people need money for different things and not every one gets big sums money. Hence to receive quick personal loans and just small business loan would be a proper way out.

  • I’m with Franklin on this matter. I really dunno why anyone would cut back on spending for advertising during these times. Now over any other time is the time you need to be in the faces of your consumers

  • Franklin

    Great suggestions! I couldn’t agree more then that the advertising budget shouldn’t be cut. People’s biggest misconception of a bad market is to cut back on advertising, this couldn’t be further from the truth. In times like these companies need to step up advertising, not tone it down.