Anything worth doing is never easy - or cheap. Investing in good marketing may feel expensive, but the investment is valuable for every business.
When companies cut costs, they can compromise the quality of marketing efforts because real quality is achieved with expertise. Experts bring years of experience and insights to the table, and that means they know how to develop content and strategies that will be effective and compelling. By not hiring experts, companies increase the risk of failure in their marketing efforts.
Cheap now also doesn't mean cheap later. Although cheap marketing may save money in the short run, it can still cause future losses. Companies risk a decrease in business when their marketing isn't reaching new audiences, drawing in prospects, or appealing to current clients. This will require companies to spend more later to compensate for their losses. Cheap marketing will eventually become expensive.
On a broader level, when companies cheap out on marketing, consumers can always tell. Companies can maintain their brand images by investing in good marketing. Marketing and branding go hand-in-hand, so if companies want their brand to be seen as high in quality, they have to make sure their marketing is high in quality. If not, the resulting message would be that their brand is cheap and therefore their products or services aren't worth considering. This hurts company images in the long run, preventing them from standing out from competitors and gaining the interest and loyalty of customers.