What's the best way to set my advertising budget?

+1 vote
asked May 2, 2017 in Marketing - Advertising by Helens (150 points)
What's the best way to set my advertising budget?
commented Aug 26, 2022 by Andersen (100 points)
edited Aug 30, 2022 by Andersen
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5 Answers

0 votes
answered Jul 18, 2017 by KECOG2 (620 points)
If you've had sales in the past you should set aside 2 to 5 percent of your annual revenue for advertising.

An example. If your sales were $300,000.00 you'd set aside $6,000.00 to $15,000.00 for your advertising budget.
0 votes
answered Jul 16, 2019 by jave (560 points)
reshown Aug 12, 2019 by chad

It depends on what type of advertising you are going to use. I recommend that you think of some Soft Enamel Pins or other promo items, for example. I think they are really great yet pretty cheap. Have a look there too, you will like this idea ;)

0 votes
answered Sep 19, 2019 by palone (5,550 points)
edited Sep 20, 2019 by palone

The most important thing to consider when setting advertising budgets are your objectives. Your objectives will drive your strategy and tactics which will ultimately determine your costs. If you're trying to generate mass awareness that is going to take a different set of resources (money) than if you're trying to acquire new customers. Also, the scale at which you are trying to advertise at will drive a high cost factor. I'm now working with Google DoubleClick AdExchange via Admixer they provide many good options and solutions. Also I recommend to pay attention to connected TV advertising trends in 2019, you can read about tihs on original site.

0 votes
answered May 3, 2022 by Edward Wong (4,820 points)

In all honesty marketing and advertising are almost the same.

When you're marketing a website or product you're advertising it and when you're advertising you're marketing your website or product.

0 votes
answered May 4, 2022 by Don Lawrence (5,470 points)
edited May 5, 2022 by Don Lawrence

I would encourage you to learn more about advertising technologies. I found this one on a site that had an article about top adtech companies, as well as information about ad technologies, which are a combination of software systems and tools that help publishers and advertisers optimize their ad campaigns - get more revenue from advertising resources and improve accordingly. ad targeting.

commented May 21, 2022 by KateNickolson (1,090 points)
Hi!
Thanks for the information!
Very informative and informative!

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