The Right Marketing & Budget for the Stage of Your Business
We identify the stage of your business (where you are) Discuss your sales and revenue goals (where you want to go) Develop the appropriate plan and budget to get to the next level.
What Stage of Business Are You In?
Top Marketing Challenges at Each Stage of Business
Business Stage
Top Challenges
Lifestyle Business:
$100k to $300k Annual Revenue
- 2/3/2024
- Owner + Assistant or Key Person
- Sales
- Fundamentals need a solid website education, Need lead flow going
- Minimum
- I’m trying to educate myself, not able to afford a lot, what should I do to build the best foundation
Steady Operator:
$300k to $1M Annual Revenue
Marketing beyond referrals and service delivery are the top priorities for these businesses.
They are typically run by an owner who really knows how to work their personal network and has built a team around them.
Toward the high end of this stage it is easy for these owners to think they’ve ‘made it’.
This owner needs to have at least one key person in their business who helps start to grow marketing capabilities, but finding an affordable digital marketing partner who helps focus mostly on volume lead generation is critical. This helps this business grow beyond the $1M annual revenue mark.
7 Figure Business:
$1M to $3M Annual Revenue
Making sure you have the right people on the team and marketing and sales systems are the top priorities for these businesses.
The owner has usually found a small leadership team for their company and starts to hand responsibility to these ‘department’ leaders – marketing, sales, service delivery, billing/finance.
From a marketing perspective, lead generation is still important, but now moving beyond the owner as the lead sales person means systems and processes need to be in place for bringing on sales talent.
These systems also need to measure everything that is going on in marketing and sales.
Toward the high end of this stage most owners start to be able to ‘think bigger’ and if successful can step outside the business and work on it, but still in it as well.
A fractional CMO, for example, can help keep marketing costs lower as growth occurs.
Growth Company:
$3Mk to $10M Annual Revenue
Defining the company’s culture, hiring and running omni-channel marketing campaigns are the top priorities for these businesses.
The owner has reached a level where they are now very clear on their vision and how department leaders’ goals are to help achieve that vision – marketing, sales, service delivery, billing/finance.
From a marketing perspective, lead generation is still important, but now running successful multi-channel (or omni-channel) marketing campaigns is critical.
A fractional CMO can help provide this guidance and is a partner to the Sales Manager.
During this phase, typically at about $4M to $5M in annual revenues, a Marketing Manager is also hired to help support the CMO.
The CRM that was set up in the 7 Figure stage is now used to track activity and results across all relevant channels.
- Paid advertising
- Organic search (SEO)
- Google Local Listings
- Review campaigns
- 3rd party marketing partners (like Angi)
- Yard signs
- Print advertising
- Print materials
- Local partnerships
- Radio
- Streaming TV Ads
The marketing at this stage is both external (for lead generation and sales enablement) and internal for culture development.
- Core marketing message
- Uniforms and swag
- Office, warehouse signage
- Internal ‘all hands’ meetings – typically quarterly
1 Percenters
$10M+ Annual Revenue
- 50+
- Executive Team
- Market Share
- Increase Market Share
- 3%-5%
- Looking for strategic advantage with precision campaigns
The timing of these business stages are not hard and fast rules, but should provide you with an indication of where your business is and what marketing challenges are around the next corner.