Creating a marketing budget for your small business is essential for achieving your marketing goals. Ready to create a budget for your small business? Here are the steps to create a marketing budget for your small business that will work for you.
Determine Your Marketing Goals
Define your marketing objectives. What do you want to achieve with your marketing efforts? Common goals include increasing brand awareness, driving website traffic, generating leads, boosting sales, or launching a new product. Every small business is different, so deciding which goals work for you will depend on your business. Not sure which ones to choose or feel that they all apply? Try to prioritize and use that as an initial measurement of your marketing success. You can always go back and add additional goals, but this way, choosing a single goal helps keep the initial measurement manageable. Here’s a good article that may also be helpful in choosing your initial goal.
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