Effective marketing budgeting is crucial for business success. However, effectiveness matters more than reach. By targeting the right audience at the right time, your campaigns will engage more potential customers interested in your products or services, maximizing your marketing investment.
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U.S. SBA recommends allocating 7-8% of gross revenue to marketing if annual sales are under $5 million, and up to 20% for larger companies. This flexible approach ensures marketing expenses adjust with revenue. For many businesses, deploying this investment is challenging.