Marketing Budget: How Much Should You Spend on Marketing?

Video Description

Contact us: https://www.lyfemarketing.com/services/social-media-marketing-services/?utm_source=youtube&utm_medium=mktgbudgetcalculate&utm_campaign=jul212020 It's smart to invest in marketing, but how do you calculate your marketing budget? Watch our video to learn how to create a marketing budget, how to get a return on investment, & more. A good marketing budget is in your future - all you have to do is start here! Subscribe: https://bit.ly/36gszTL Our prospects often ask us: "How much should you spend on marketing?" And that question isn't always easy to answer. That's why today, we have created a step-by-step video for our prospects and clients on how to calculate a marketing budget. There's a right way and a wrong way to reach your online marketing budget. Here's what most people do: "I have $5,000 in the bank, so I feel good about spending maybe $2,000 on marketing. If I get sales then I can spend more!" But that approach can easily lead to waste and frustration. Creating a digital marketing budget isn't just about how much cash you have on hand... It's about knowing your numbers. And when you do, then you suddenly feel empowered to make great digital marketing budgeting decisions. Need a little help? Check out our marketing budget calculator form on our website: https://www.lyfemarketing.com/calculate-your-marketing-budget/ Also, make sure you subscribe: https://www.youtube.com/channel/UCw4T39MvmTCmYoSdpB2Rwuw?sub_confirmation=1 And visit our blog for more great tips and information: https://www.lyfemarketing.com/blog/ How To Calculate Your Marketing Budget Video Outline Intro: (0:00) How to Determine your Average Order Value (AOV)?: (2:00) How to Determine your Lifetime Value (LTV)?: (2:52) How to Calculate Customer Acquisition Cost (CAC)?: (3:50) How to Calculate Your Desired Return on Ad Spend (ROAS)?: (5:52) How much should you spend on marketing?: (6:12) Bonus: How to Determine Your Marketing Channels? (9:10) // LYFE Marketing [Most Popular Uploads]: ➡ How to Increase Facebook Engagement: https://www.youtube.com/watch?v=Bam_rXmoOs4 ➡ Marketing for Small Business: Effective Marketing Strategies: https://www.youtube.com/watch?v=RX0Y2JbS9K4 ➡ The Ultimate Guide To Facebook Marketplace (w/ Tips): https://www.youtube.com/watch?v=x5KlXb5kemg ➡ The Full And Updated Guide To Facebook Reels: Tutorials + Best Practices: https://www.youtube.com/watch?v=uymE8TEtv58 ➡ Facebook Reels Monetization: How to Get Started: https://www.youtube.com/watch?v=UC0MS70LI1E ➡ Check out our blog: https://www.lyfemarketing.com/blog/small-business-marketing-budget/ ➡ Check out our Social Media Advertising Course: https://www.lyfemarketing.com/social-ads-mastery/ ➡ We're LYFE Marketing, a full-time digital marketing agency for small businesses. We help people grow online through various marketing channels. We help you de-code if advertising is the right fit for your growth trajectory, or see if organic growth is more of your speed. Regardless, our goal is to build a massive portfolio of success stories. So one day, we can look back and say that we made a difference in the world. This channel will provide you with good tips and suggestions for a large range of marketing topics. And we're not holding back. But if you want a tailored strategy, then don't hesitate to contact us on our website.