Define marketing budget
The marketing budget is your marketing plan in terms of costs. The marketing budget is an estimated amount of cost required to promote your products or services. The marketing budget is an important part of your marketing plan and crucial for the succes of your marketing process.
Be sure to think about the following costs when preparing your marketing budget :
Public relations and advertising
Hiring staff
Office costs
Other marketing expenses
The marketing budget is created to estimate the costs that are necessary for growing your business.