Sam Kuehnle, VP of Demand Generation at Refine Labs joined us to discuss how to establish a marketing budget based on your revenue goals.
We've all heard we need to reverse engineer our lead goals and build a budget based on funnel conversion rates and, ultimately, revenue goals. But that's oftentimes much easier said than done. And it's often based on leads that convert at .01%, not high-intent leads who are asking to speak to someone about buying your product.
Sam tackled this complicated issue on Marketing CTA by creating a spreadsheet to illustrate which levers marketers can pull, which metrics can be optimized, and how a realistic budget can be created based on revenue goals. He showed us how to plug in a company's metrics and tweak the example he provides to understand what you'll need to spend to hit your goals.
🎥 To see Sam teach us how to use the spreadsheet he created, check out the YouTube version of this recording.
💻 To access the spreadsheet and use it yourself, click here, choose File, and then Make a Copy.
Key moments in the conversation:
0:35 Intros: Sam, Ashley, Jess & the Topic
1:59 Why start from revenue in calculating your lead goal?
2:56 Empower yourself to understand how revenue goals are established
8:32 Reverse engineering lead count to hit revenue
14:16 What you might not be able to influence
27:04 Which funnel levers can you improve to hit revenue goals?
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Ashley Guttuso & Jess Goss