Dear Matthew & Aron,
I hope you’re doing well. I’m excited to attend your “Building a Marketing Budget” session and wanted to get your expert insights on a challenge I’m currently facing.
I run a Shopify-based activewear brand, and I aim to scale up to 100 orders per day. I’d love your advice on:
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What percentage of revenue should I allocate to my marketing budget to achieve this target?
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How should I effectively split my budget between Facebook Ads, Google Ads, and email marketing, WhatsApp marketing to achieve maximum conversions?
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What are the best strategies to scale paid ads profitably while keeping acquisition costs low?
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Please tell me which campaigns should I run on Meta and which campaigns should we run on google for more orders. Please tell me campaign structure also.
Looking forward to your valuable insights during the session!
Best regards,
Pradip Jadhav (Body Basics Pvt Ltd)
Hi @digitalneo
Thanks for coming to the AMA.
A typical marketing budget is around 13% of revenue, but you can go higher for faster growth. Where you allocate budget depends on your product. If it’s something people search for, Google Ads might be good. If it’s new and novel, social media ads are better. Tools like Google’s Keyword Planner can help you assess search volume. If your revenue is zero, use leading and lagging indicators to estimate your budget. If you’re investing time instead of money, be prepared to spend a lot of hours. When it comes to budget allocation, focus on one channel to start, get it profitable, and then expand. For scaling ads, target tightly and create relevant content. Video ads are important for social media. Retargeting is also key. It’s best to focus on paid ads to start. If you’d like to see our full answer, check out the stream recording which we have uploaded to YouTube. We start answering your question at around 00;03;40