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    Marketing Budget Small Business

    10% of their overall revenue
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    A marketing budget is the amount of money a business allocates for its marketing activities. The average marketing budget for small businesses is around 10% of their overall revenue. To create a marketing budget, a business needs to understand its sales funnel, see how its competitors are marketing, pinpoint its ideal customer, measure what matters, decide where to allocate its advertising costs, set growth goals, and review and finalize its budget. There are also marketing budget templates available online to help with this process.
     
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