Decide on a percentage of that to use on marketing. The best tool you have to make informed decisions is to know your annual revenue. When that’s the case, entrepreneurs simply need to learn how to extract the best out of all available business means. Money can be real tight, especially during seed funding and a startup’s bootstrapping or very early stages. Knowing how much money is allocated to marketing is the best way to maximize spending, which means reaching and maybe surpassing startup goals. It’ll define your overall resources and how to use those for the smartest of your business decisions. Many aspects of your marketing strategy will depend on it. It’s vital to grasp how to best plan a marketing budget. To pick up on the crucial aspect of a startup’s marketing budget, we’ll now move on to how those should be managed.
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