How to Create a Social Media Budget for Every Size of Business
If you’re using social media to market your business, you need a social media budget. Here’s how to put one together — and how to ask your boss for the investment you need. Bonus : Download a free guide and checklist to help you convince your boss to invest more in social media. Includes experts tips for proving ROI. What is a social media budget? A social media budget is a document that specifies how much you plan to spend on social media over a specific time, e.g. a month, a quarter, or a year. Usually presented as a simple spreadsheet, it creates a clear understanding of the costs of your social media efforts and is a valuable tool for measuring return on investment . How big should your social media budget be? There’s no set rule for how much to spend on digital marketing in general or social media in particular. However, there are some general guidelines and benchmarks backed by surveys and research. Overall marketing budget benchmarks According to the Business Deve...