How to Create an Effective Digital Marketing Budget

A marketing budget is a document showing how much you plan to spend on marketing activities for a month, a quarter, or year.

What is a Marketing Budget?

This is the first and critical step in making a digital marketing budget plan – setting up the sales funnel or cycle. 

How To Decide Your Digital Marketing Budget

1

Set Up Your Sales Cycle

This is the second step: you need to know an approximate amount that you are willing and able to spend on marketing your products and services. 

How To Decide Your Digital Marketing Budget

2

Find Out Your External Cost

Any business should have very clearly defined goals; you need to know what you intend and hope to achieve within a given period of time. 

How To Decide Your Digital Marketing Budget

3

Set Your Business Goal

How to Create an Effective Digital Marketing Budget for 2023?