What Does Digital Marketing Cost
In the dynamic landscape of business, at Back9 Creative, we believe digital marketing has become an indispensable tool. Especially for companies aiming to amplify and thrive in the digital era. For these businesses, understanding digital marketing costs is key to making informed decisions and thereby maximising returns on investment.
The Basics of Digital Marketing Costs
To begin a successful digital marketing journey in New Zealand, one must consider various factors contributing to the overall expenses. Firstly, What is Digital marketing? And, secondly, What type of digital marketing channels will significantly influence costs?
Popular channels include:
- Social Media (Marketing) Remember though, Social ‘Media’ is just that… Media. Whether it’s Facebook, Instagram, LinkedIn, or YouTube, they are all just media channels to communicate your message to the audience that hangs out there. They are not forms of digital marketing.
- SEO (search engine optimisation),
- Pay-per-click (PPC) advertising – Such as Google Ads or Social Media Advertising, and;
- Email marketing.
Social Media Marketing Costs
For many businesses, social media is a powerful platform to engage with their audience. In New Zealand, costs for social media marketing services can vary widely. On average, small to medium-sized enterprises might invest between $500 to $5,000 per month, depending on the scale of the campaign and the chosen platforms.
Search engine optimisation is fundamental for enhancing online visibility. In New Zealand, SEO costs are influenced by factors such as the competitiveness of keywords and the complexity of the campaign. On average, businesses may spend between $500 and $5,000 per month on SEO services.
For businesses looking to generate immediate results, PPC advertising such as Google Ads, can be a viable option. Costs for PPC in New Zealand depend on the industry and target audience. On average, small businesses can allocate a minimum budget of $300 to $500. However, to see decent results we recommend an ads budget ranging from $1,000 to $10,000 per month for effective PPC campaigns.
Email Marketing Investments
Email marketing remains a cost-effective way to nurture leads and retain customers. For instance, in New Zealand, businesses may spend between $300 and $3,000 per month on email marketing services. This will depend heavily on the size of their database, which CRM they use and the frequency, complexity and scale of their campaigns. For example, a larger database with well thought our conversion paths and follow-up marketing automation steps will take more time to design and execute. Therefore it will cost more. In saying that, a well planned out campaign will more than likely yield better results.
In conclusion, like all things, the cost of digital marketing in New Zealand is influenced by a multitude of factors. These range from the chosen channels to the competitiveness of keywords. It is imperative for businesses to carefully assess their goals and budget constraints when formulating a digital marketing strategy. A digital marketing Roadmap can greatly aid this process.
By understanding the costs involved, businesses can make informed decisions that align with their objectives and pave the way for digital success in the vibrant market of New Zealand.
At Back9 Creative we often talk about the ever-evolving landscape of digital marketing. The fact …