Marketing Budgeting Made Easy: The 10% Rule
As a small business owner, you know that marketing is crucial to driving growth and revenue. But allocating the right amount of resources to marketing can be daunting. That’s why we recommend following the 10% rule: allocating 10% of your annual revenue goal towards marketing expenses.
This simple yet effective approach ensures that you’re investing in the right marketing strategies to reach your target audience, build brand awareness, and drive conversions. By dedicating a percentage of your revenue to marketing, you’ll be able to:
- Increase brand visibility and credibility
- Attract and engage with potential customers
- Drive website traffic and conversions
- Stay ahead of the competition
Our Paid Advertising Costs calculator helps you determine the right marketing budget for your business. Simply input your annual revenue goal, service cost, sales close rate, and average cost per lead, and we’ll calculate your monthly and annual ad budget.
Try our calculator today and start allocating the right amount of resources to your marketing efforts!