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| *The Commerce Journal>>>Other - Advertising & Marketing |
On average, how much does advertising cost for a company? |
On average, how much does advertising cost for a company? There's no simple answer but this may be useful http://www.canadabusiness.ca/servlet/Con... As a rule of thumb, about 10% of your budget is used for advertising. Typically a company will spend a certain percentage of sales towards marketing activities. There is no hard fast rule. It depends on the field the company competes in. only spend up to about 5% of a companies Net revenues from the year, anything more is unnecessary...but really it all depends on what you intend to get from your advertising. dont do it just to do it. you can spend even less if you are smart, and get a bigger bang for your buck. |
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