Average Job Size
Revenue Goals
Marketing GoalsThe Best Budget is the One That Fits Your Business Needs
We’d all like to spend nothing and get everything, but that is not how the digital marketing world works.
How to Create a Realistic Digital Marketing Budget
How to Create a Realistic Digital Marketing Budget
Our five step process is simple.
- Review your digital marketing spend over the last 12 months and the results (leads) it achieved
- Make note of your business stage and current monthly revenues
- Clearly define your sales, revenue and marketing goals
- Define your sales closing abilities (sales conversion rate) and therefore your need for lead flow
- Determine the proper digital marketing campaigns to run to achieve your need for leads
Trends Observed Over 20 Years of Budgeting for Marketing Campaigns
The following outlines a gauge for how your business should consider marketing spend as a percentage of revenue and the top marketing activities at each level of revenue.
