Fully Funded Growth Strategies
Our webinar series has outlined how consumer shopping habits are changing, your foundational marketing needs, strategies for telling your story, and how to use target marketing to reach your ideal prospects. You are full of ideas for how to watch your business skyrocket through these strategies, but one question comes to mind. How do we extend our advertising dollars to cover funding our additional marketing efforts?
Start by diving into your finances, taking advantage of government rebates you qualify for, and looking at your business’s overhead costs.
First, make sure you get all the government rebates and incentives that are rightfully yours. Did you know there are over 1,000 rebates and incentives to help you grow your business?
The Employee Retention Credit (ERC) is one that many businesses overlook. The ERC is a fully refundable payroll tax credit initially part of the Cares Act to help businesses impacted by the pandemic. This credit gives you a check back from the government of up to $7,000 per quarter per W2 staffer, topping out at $26,000.
Second, take a deep dive into your overhead costs. Reducing wasteful spending can help you free up dollars for marketing. For example, many companies discover they are overpaying on credit card processing fees, utility, phone, payroll services, and other service fees.
Once you have acquired your rebates and freed up some overhead costs, you can do anything you want with that money. Wise business owners will reallocate your “found” money into a marketing plan that generates new customers and increases revenue and owner profits.
Digital Media Lab was one of the first to work with our ERC tax specialist and claim our tax credit. This credit helped us weather the pandemic and stay fully staffed to serve our customers. We are happy to connect you with our tax partner to help you determine if you qualify. Our tax partner has a 70% success rate, and there is no cost to work with them. They only take their fee once you get paid.
Do you want to learn more about using digital marketing to grow your business? Digital Media Lab offers a free, five-part webinar series that breaks this all down and gives you actionable tips to implement in your business today. Session five breaks down the fully-funded growth strategies.
Digital Media Lab is here to help you maximize your digital marketing dollars. No job is too big or small for us, from small local businesses to national companies. Our team can optimize your website, help you tell your story through podcasts, social media, video, or blogs, create retargeting strategies for you, and much more!
Are you wondering how your business stacks up in the digital world or where to start growing digitally? Take advantage of our exclusive offer to run a digital audit on your business and your three biggest competitors. To discuss a customized, affordable package to meet your unique digital needs, call us at 414-234-8529 today!