Creating a Run Rate for Your Marketing

Published: April 29, 2016, 6 p.m.

When marketing your business you want to be able to identify metrics to measure success, but they differ.  When you're launching a new business or product, you want to be able to identify a run rate, meaning, the average revenue expectations for your product or service.  When you're marketing, you need to identify a run rate for your multiple marketing channels.  In marketing, not all things have the same rate of impact.  Knowing that upfront will save you a lot of frustration.

If you're operating a blog for SEO or affiliate revenue, it's going to take longer to recognize the revenue from those efforts compared to if you were doing a direct response email promotion.  In short, the crops of what you sew don't all harvest at the same time.

It's important that when you're setting up multiple marketing channels you don't delay for the sake of waiting for all of them to be "perfect" and ready to go.  For the marketing channels that will take longer to mature and recognize revenue, get started ASAP and improve as you go.  SEO for example will take at least 3 to 6 months to make a difference, so get started now!  Don't let yourself get stuck waiting for perfection.  Surviving in business isn't perfect, it's sometimes very ugly, gritty and brutal.  The more dents, scratches and scars you wear are a testament to your perseverance.

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