Marketing Budget

Choose a business and present the following aspects of its marketing budget:

( a ). Prepare a marketing budget where you will break down the costs involved in each stage of your advertising plan. This will help you determine your exact financial needs for thorough marketing and advertising of your products.

( b ). You should also break down costs depending on the media youre using for advertising, such as social media campaigns or paid online ads, and include a budget for initial promotional activities when you first launch your products, as well as for continued advertising once you have established yourself in the market.

( C ). Develop a month-by-month schedule of what you plan to spend on marketing. Also include a red light decision point. For each activity, establish a metric that tells you to stop if its not generating sufficient return on investment (ROI).