How much should a small business spend on marketing?
We hear this question all the time, how much should I spend on my marketing? Most businesses on average spend 10-12% of their budget on their marketing/advertising efforts. Up to 45% of their marketing budget is exclusively reserved for digital, and that is expected to double by 2021. The trend toward digital is increasing and growing all the time, more and more people are turning away from traditional advertising methods (phone books, billboards, radio and TV ads). Digital advertising and marketing is measurable, faster to adjust and has a broader reach. If you're a new business, you may be wondering what does 10-12% of my budget mean to me? The simplest way to solve this, is to ask yourself "how much do I want to make this year?" and figure a minimum of 11% of that number
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