How much do you think should be set aside for marketing for a new business?

[Good-Person]

That is true, before starting a business you need to set side the amount of money when starting a new business, because the size of business can determine the amount of money set to start up the business.

Well, many people always calculate the cost of business before establishing a business in the first place. However, people should also have additional capital in order to deal with miscellaneous expenses.

 

[Syldan]

Personally I will say, a huge amount of money should be set aside to start a business even though it depends on what you know concerning it.

It becomes difficult to predict, because alot of things changes on daily basis.

 

[Chibson]

There are many people who spend a lots of money on marketing a specific business or product. However, they never realise that they also need to assess the demand of the product as well before they market it.

I think assessing the demand for a particular product is very important before you spend money on marketing. Even if you market what people are not interested in you're not going to get the necessary result.

 

[Syldan]

Well I think the amount of money to be set aside doe business, depends on the kind of business you want.

The money that will be enough for an importation business, might not be the same for the establishment of a factory.

 

[Genie011]

I think this depends on the kind of business, if it's a huge business I'm very sure you'll need to have a good amount of money to advertise it, saving up a lot of money will be a good idea.

 

[Syldan]

The only thing I most have to say, it depends on the kind of marketing you intended to start or you have.

Athens amount of money ste for small scale business won't be the same with a large scale business.

 

[Ononivami1]

Marketing is a very important aspect of business and it must not be sidestepped. You need marketing to make the business grow and businesses that engage in proper marketing campaign and set aside decent money for it, would always succeed.

 

[Grant]

That depends on what you're attempting to market. It can differ based on every project. There's really no definite answer. Some businesses will cost a lot more to fund than others. What I recommend is meeting with a financial advisor and see how much it could cost.

 

[Shigobad20201]

This question is not an answer for different business, as different business in different location and the level of competition involved would determine your marketing budget

Each different business has their own size and capability , and they also have different money to fund their business , so their purse will depend on how much they have to spend on their marketing .

 

[Syldan]

Well, many people always calculate the cost of business before establishing a business in the first place. However, people should also have additional capital in order to deal with miscellaneous expenses.

Actually set a specific amount of money, thinking it will be enough to run a new business, is a wrong idea but you should try to be aware of uncertainties that may occur at the cost of starting the business that will require some amount of money to maintain.

 

[Chibson]

That is true, before starting a business you need to set side the amount of money when starting a new business, because the size of business can determine the amount of money set to start up the business.

The size of your business is always the first thing you need to put into consideration before setting aside some certain amount of money. If your business is a small business it may not cost a lot of money to start.

 

[Ononivami1]

The size of your business is always the first thing you need to put into consideration before setting aside some certain amount of money. If your business is a small business it may not cost a lot of money to start.

You have a very good point! but I still believe that advertisement shouldn't be based on the size of your business company alone, but it should be based on your production capacity .

 

[Chibson]

You have a very good point! but I still believe that advertisement shouldn't be based on the size of your business company alone, but it should be based on your production capacity .

That's true, but most of the time the size of your company determines your production capacity. Big companies have enough manpower and capacity to produce more than small companies.

 

[Syldan]

I can't really tell exactly until or unless a marketing survey is conducted, you may be able to predict how much may be enough to start such.

Sometimes we make predictions which later turn out to fail us because we don't know how the market is moving at the moment.

 

[Shigobad20201]

It depends on your company size and the number of products you are selling. The type of marketing you plan on doing also determines how much budget you need for your marketing.

A good amount of money needed to be set aside for the marketing department of an organisation but the amount of money will depend onnthe capability of the company .

 

[joy101]

The size of your business is always the first thing you need to put into consideration before setting aside some certain amount of money. If your business is a small business it may not cost a lot of money to start.

You are right, depending the kind of business you want to start can also depends the size of money you want to use to start it, that is why it is very important before starting a business you need to put it into consideration before starting.

 

[Chibson]

You are right, depending the kind of business you want to start can also depends the size of money you want to use to start it, that is why it is very important before starting a business you need to put it into consideration before starting.

The amount of money you have most times determine the size of your business. It also depends on your ideas and business strategies. But the amount of money is the first thing that is always put into consideration.

 

[Danny4cash]

of course you must be a strategic and aggressive whenever you are marketing in order to maximize profit. You can use every means possible to reach out to people to make your business or product known.

Yes, to get the best from business marketing, you must combine strategic with aggressive. The two will help in many ways. If you're just aggressive without being strategic, your promotion won't bring much profit.

of course you must be a strategic and aggressive whenever you are marketing in order to maximize profit. You can use every means possible to reach out to people to make your business or product known.

Yes, to get the best from business marketing, you must combine strategic with aggressive. The two will help in many ways. If you're just aggressive without being strategic, your promotion won't bring much profit.

 

[Sotherefore]

A new business there is no absolute value of how much you can set aside. For A digital advertisement and marketing it will depend on how how big location you are willing to covered.
That is what determines the course and sometimes depends on the type of marketing campaign you are willing to used.

 

[eLdavis]

An amount of money should be set aside for marketing to enable your new business function well. The money to be set aside depends on the impact the marketing would have on the business.

Well said, marketing is extremely important for every business owner. Without marketing, it would be impossible to reach out to your target audience and in turn make profit from the business. So the idea of setting money aside for just marketing is a very good one.