Marketing Plan Budget Template
Developing Your First Marketing Plan Budget
Every company, whether it is small, medium, and even large companies are striving to keep the business running and keep on track from its planned. One of the most crucial elements to be considered is the marketing plan budget.
By definition, marketing plan budget summarizes all the company’s money intended for marketing related programs for the whole year. The budget consists of expenses such as advertising, sponsorship, recruiting marketing staff, digital marketing campaigns and even marketing tools and software.
If you want to set up your first marketing plan budget, you should first set how much you want to spend for marketing. The common rule is to apply 5% to 12% of your total revenue for marketing programs. If you have a small business you might want to spend more on marketing rather than the ones with big companies.
Sample of Marketing Plan Budget :
Creating your marketing plan can be frustrated and time consuming, but it allows you to analyze through your company strategies and tactics. It also a great opportunity for you to focus on the future, create new ideas, and inspire your team. A simple plan is better than none. But if you put more effort in it, you can create the ultimate marketing plan to achieve your company goals.
Marketing Plan Budget Template | excel – download