While US companies spend an average of 7-8% of annual revenue on marketing, individual company budgets range from 0.5% to more than 20%. To gauge how much your company should be allocating to marketing, use this four-factor formula.
There’s a lot of chatter these days about an impending recession, and while none of us can predict where the economy is headed, smart businesses are thinking ahead to prepare for worst. Based on decades of research on marketing during a recession, here’s how to avoid making the biggest marketing…