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Digital Marketing: How big should our Marketing budget be?
Joy Broto Nath , Global Corporate Trainer & Strategist answered:

Companies with smaller margins should allocate a percentage of their revenue or of their investment funds based on estimates of what competitors are spending. These investment levels will be out of the comfort zone for several businesses. Many businesses have failed because they were unwilling to properly budget for marketing activity. Companies can grow to a certain point via word of mouth, but after they hit a certain size threshold, they will stall without concerted marketing efforts.
You can read more here: https://www.frog-dog.com/magazine/how-much-should-companies-budget-for-marketing#:~:text=As%20a%20general%20rule%20of,percentage%E2%80%94usually%20around%2010%20percent.
Besides if you do have any questions give me a call: https://clarity.fm/joy-brotonath

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