Wondering how much to invest in your marketing efforts? This easy-to-use Marketing Budget Calculator from Optix Solutions takes the guesswork out of planning.
By aligning with industry best practices and the latest research, we guide you through allocating your annual marketing budget.
Step 1: Use the link below and click the ‘make a copy’ button to create your own copy of the spreadsheet which you can edit.
Step 2: Enter your previous year’s total business revenue in the revenue box (if you don’t know this just leave it at £1m).
Step 3: Select your growth aspiration from the option in the drop down.
Step 4: Select the most relevant industry category from the industry drop down.
Step 5: Select your brand size from the drop down. This should be your size in comparison to your main competitors.
Step 6: Select how your product or service cost compares to those of your competitors from the drop down.
Once you have completed these steps the document will give you two figures:
Figure 1 - Suggested Marketing Budget: How much of your revenue you should invest in marketing, based on your turnover and growth aspiration.
Figure 2 - Suggested Budget Split: The optimal way to split that budget between brand building activity and activation activity.