When it comes to SEO spending, there are a lot of options to choose from. This can be overwhelming for business owners who are not in the know about what an SEO budget should look like. This blog post will help you map out your SEO budget by outlining some best practices when finalizing your plan.
Perform an SEO audit: You need to know what you’re dealing with before finalizing an SEO budget. A full-scale audit can unearth a treasure trove of information that will later help your SEO strategy and execution. This will also help you understand your website’s current state and help you understand your goals.
Build a strategy: There is no point in spending money on SEO if you don’t have a solid and actionable plan. Before finalizing your budget, figure out what it would take to achieve those goals and how much you want to spend on each campaign. As with any marketing strategy, this should be tested before actual implementation so that the results are positive for all stakeholders involved.
Create content assets: Content plays an integral role in building links that will help drive organic traffic back to your website or blog posts via search engine result pages (SERPs). This not only helps increase brand awareness but also establishes your company as a thought leader within its industry by delivering quality information through blogs, videos, etc. Investing a part of the SEO budget in creating content assets is always a good idea.
Do not limit your SEO budget: A common mistake that many business owners make is to allocate a fixed percentage of the marketing budget towards SEO spending. This will not be an effective strategy since different channels require varying levels of investment, and these investments might change over time. For instance, in the beginning, when you are trying to build your base with social media or content marketing, it would make sense for you to invest more heavily in these channels as opposed to later down the line. Since your SEO efforts compile over time, your organic search later down the line should become relatively more robust from increased brand awareness.
Have clearly defined goals: SEO does not exist in a vacuum; it needs support from other areas such as sales and product development if there has got to be any real ROI on your efforts spent on this channel. This is why it’s essential to have clearly defined goals that you want to achieve by the end of your campaign, so everyone in the team knows what they are working towards.
Ensure all areas are covered: Keywords, links, and content need to be given due importance when mapping out an SEO budget. Similar to how no single channel can do everything for you, there also cannot exist a single strategy or tactic which helps you cover all three aspects mentioned above. For instance, creating great quality content takes time. This means that if your plan involves producing new blog posts every week, then perhaps investing more heavily on link building might not make much sense since there would barely be any time left for outreach campaigns! As such, it is essential that different strategies complement each other to achieve a successful SEO campaign.
Keep an eye on the competition: This point is significant for businesses that are not established or have limited traction in their respective markets. It would be difficult to gain any organic rankings without having at least some degree of brand awareness and authority when you’re just starting. In such cases, identifying your competitors’ strengths and weaknesses could help you plan your attack better to avoid spending too much time going up against a tough competitor with no chance of success. For instance, if you notice that your competitor’s content marketing strategy looks stronger than yours, investing more heavily in link building might make sense. Trying to take them head-on from day one might prove futile since you would be fighting an uphill battle.
Consider your marketing objectives: The role of SEO changes in different stages of the sales funnel. This is why it’s essential to identify your goals at each stage so you can allocate resources accordingly. For instance, if improving brand awareness and driving traffic to your site was more important than conversions for an early-stage startup, investing heavily in social media could be a better option than optimizing pages.
Analyze your data: There is a lot of information available on the web about how to go about mapping out an SEO budget, but none of it will be helpful if you are unable to analyze the results correctly after all this hard work! Make sure that each channel has its own set goals for success and does not overlap with another channel’s objectives which might lead to confusion later down the line.
Review regularly: Finally, make sure that you review your progress regularly to ensure that everything is going according to plan or needs improving somehow. Perhaps one tactic isn’t working as well as expected; in such cases, it makes sense to either reallocate funds towards other channels or try something different from the same group.
Creating a budget for your company’s SEO strategy is one of the most important steps to ensure that you invest enough time and money to see results. The point of an SEO plan is to create visibility for your website, but this can’t happen without proper planning.