Growth-Minded Marketing
Do you actually know how much your company should be spending on marketing — not what you spent last year, not a gut feeling, but a number tied to where you want to go? If the answer is "not really," this episode is for you. In this conversation, Wayfind Marketing CEO Steve Phipps pulls back the curtain on one of the most common questions he gets from B2B leaders: How much should we be investing in marketing? The answer isn't a single number — it's a framework, and the structure behind the number matters just as much as the dollar amount. In this episode, you'll learn: * The 3–10% revenue range for B2B marketing investment and how to find your right number based on your growth stage * The 5 budget categories every B2B marketing investment should include — and why skipping the first one is where most companies go wrong * Real budget breakdowns for a $5M and $10M company, including what each category should cost * The two operating models (outsourced agency vs. in-house marketing manager) and what makes each one work — or fail * Why bringing in a fractional CMO or marketing coach can be the missing piece for in-house teams that aren't getting results * How to audit your existing marketing spend before adding a single dollar more * The metrics that actually matter — and how to tie them back to revenue Timestamps: 00:00 How Much To Spend 01:29 Why Budgets Feel Hard 03:39 Percent Benchmarks 05:04 Turning Percent Into Dollars 06:39 Five Budget Buckets 07:18 Strategy Before Tactics 10:19 Website Foundations 10:57 Content That Converts 16:13 Promotion And SEO 20:56 Tools And Platforms 23:40 Tool Testing Reality 24:05 Marketing Operating Models 24:36 Outsourcing to Agencies 27:06 In-House Marketing Setup 28:37 Fractional CMO and Coaching 30:39 Budget Examples by Revenue 33:57 Audit Before You Add 38:03 Metrics That Matter 41:05 Budget Follows Strategy 43:46 Wrap Up and Next Steps The one thing Steve wants you to walk away with: Let your budget follow your strategy, not the other way around. When you build a budget around clear goals, you have a growth plan. Without it, you just have a list of expenses. Resources mentioned: * Episode 15: Vanity Metrics [https://share.transistor.fm/s/e1352a87] — a deep dive on the difference between meaningful metrics and feel-good numbers * Guide™ Marketing Assessment [https://wayfindmarketing.com] — a free 5-minute tool to see what's working (and what's not) in your current marketing * Schedule a conversation with the Wayfind team [https://wayfindmarketing.com] — click "Discuss Your Marketing." * Wayfind's Guide™ Marketing Framework [https://wayfindmarketing.com/b2b-marketing-framework/] — the system behind the strategy discussed in this episode * Endless Customers [https://www.endlesscustomers.com/] by Marcus Sheridan (formerly They Ask, You Answer) — the sales and marketing framework Steve coaches Growth Minded Marketing is the podcast for B2B CEOs and business leaders who are ready to grow with confidence and stop guessing at their marketing. Hosted by AnnieLaurie Walters [https://www.linkedin.com/in/annielauriewalters] and Steve Phipps [https://www.linkedin.com/in/stevephipps] of Wayfind Marketing.
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