For any business looking to grow and succeed, marketing tends to be a significant investment. The U.S. Small Business Administration recommends an annual revenue spend of 7% to 8%, and some industry commentators recommend a marketing spend of up to 20%.

We get asked the marketing budget question a lot.

It’s understandable.

Did you know that about 3.4 billion customers in every market are on social media? Think about the world's population of 7.7 billion and envision the number of buyers you lose if your business lacks a strong social media presence (assuming of course, your business is based upon volume).

Thanks to COVID, online shopping is taking the world by storm. So, businesses focusing on their brick-and-mortar setups are missing out on the unmatched benefits of digital marketing. As more and more brands are strengthening their digital presence, more customers are preferring to buy on the internet.