Marketing budget

This is a little vague question. Marketing budget depends on various aspects like the kind of product, kind of place, what kind of promotion you have in your mind and who are your target audiences... i.e the four main Ps of marketing...
product
Place
Promotion
people

The topic of "budget" or "finances" weaves in and out of every area of your life. The amount that people specify for marketing will depend on their business goals and the type of business that they own. If you are new to this you must consult to the experts. People invest a certain amount into marketing and they need to get a return on that amount.



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Maria0809

I have started three business on less than $1000 budget each - that included inventory, supplies, organizational papers and, in two cases, web hosting for a year. They are now 1 year, 9 years, and 15 years old. For my oldest business, it probably took 8 years before I spent $1000 total for it. All are still in operations and our combined advertising budget for them is less than $2000 per year.

As timekeeper 90 stated, it all depends on the 4 P's. Also, don't confuse marketing with advertising. You might consider having a separate budget for each.

Thanks for this site very helpful.

Yes! You can open a small bussines without any staff and market place. It can be e-store for example.