How Much Should I Spend on Marketing?
Even seasoned marketers routinely wonder how their budget stacks up against traditional averages and what they should be spending. Our answer is always the same: “It Depends!”
The first step in determining an appropriate budget is a change in mindset. Consistent, long-term marketing is NOT an expense. Rather, it is an essential investment that pays dividends in the form of sales, income and market share. Marketing is a business asset that drives revenue. Continue reading