Example of a Marketing Budget
How to Create a Marketing Budget
In this example of a marketing budget, we discuss a plumbing company with 12 employees and a turnover of $2,197,706 USD.
We will present a thorough overview of how the business can allocate its marketing investment of $219,770 USD. This corresponds to 10% of the turnover.
The goal is to maximize the return and achieve the company's objectives. We will show the distribution of the budget between different marketing channels and activities. This includes digital marketing, email marketing, inbound marketing, reputation building, sponsorships, collaborations, and printed materials. Additionally, we will set aside a marketing reserve for unforeseen expenses.
By balancing cost-effectiveness and efficiency, we will tailor the budget to the company's unique needs and priorities. By following this marketing budget, the plumbing company can invest in targeted and result-oriented marketing initiatives. This contributes to increased turnover, brand awareness, and customer loyalty.
Digital Marketing: 35% of the total budget, $76,974 USD
Search Engine Optimization (SEO): $16,500 USD
Paid Ads (Google Ads and Facebook Ads): $44,000 USD
Social Media (Facebook, Instagram, LinkedIn): $11,000 USD
Marketing Tools and Software: $5,474 USD
Email Marketing: 10% of the total budget, $21,977 USD
Email Marketing Platform: $5,500 USD
Email Campaigns and Newsletters: $13,200 USD
Email List Building and Segmentation: $3,277 USD
Inbound Marketing: 15% of the total budget, $32,965 USD
Content Production (blog posts and articles): $22,000 USD
Graphic Design and Multimedia (images, videos): $7,700 USD
Website Optimization and Analytics: $3,265 USD
Reputation Building: 20% of the total budget, $43,954 USD
Customer Satisfaction Surveys and Analysis: $5,500 USD
Review and Testimonial Management: $11,000 USD
PR Activities and Media Relations: $16,500 USD
Event and Trade Show Participation: $10,954 USD
Sponsorships and Collaborations: 10% of the total budget, $21,977 USD
Sponsorships of Local Sports Teams and Organizations: $11,000 USD
Collaborations with Local Building Supply Stores and Property Managers: $5,500 USD
Participation in Local Events and Activities: $5,477 USD
Printed Materials and Promotional Items: 5% of the total budget, $10,988 USD
Brochures and Catalogs: $4,400 USD
Business Cards and Letterhead: $1,650 USD
Promotional Items (t-shirts, pens, stickers): $3,300 USD
Signage and Vehicle Decals: $1,638 USD
Marketing Reserve: 5% of the total budget, $10,988 USD
Unforeseen Expenses and Opportunities: $10,988 USD
Total Marketing Budget: 1,997,915 NOK
This detailed example of a marketing budget for a plumbing company with 12 employees and a turnover of $2.2 million USD demonstrates the distribution of the total budget of $220,000 USD across various marketing activities and channels. The budget allocation is based on prioritizing the most effective and relevant marketing methods for the plumbing company.
By following this budget, the plumbing company can invest in marketing activities targeted at their specific audience, contributing to increased turnover, brand awareness, and customer base.
Remember, this budget is an example and can be adapted to the specific needs and priorities of the business. It is important to evaluate and adjust the budget regularly based on results and market changes.