Unlock the Secret Formula: 8 Little-Known Steps That Will Revolutionize Your Monthly Marketing Budget and Skyrocket Your ROI
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FAQ:
How much should I allocate to my monthly marketing budget?
The ideal monthly marketing budget varies depending on factors like your industry, company size, growth stage, and revenue. A common guideline is to allocate 7-8% of your revenue to marketing if your annual revenue is under $5 million and you aim for a 10-12% profit margin. However, if you’re in a competitive market or in growth mode, you may want to invest more—up to 10-15% of revenue.
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