We will assist with budget planning / discussion in the feasibility review phase. We can review competitiveness and estimate valuation of various parts of the campaign. Usually it’s a mixed bag – and parts of the account must be revised and others removed. Of course ROI is everything – but there are dozens of factors at play.
In terms of broader budget advice – many CMO surveys suggest that marketing budgets for enterprises should be between 8% and 25% of ARR depending on the phase of growth, the competitive landscape, the industry and the strategic plans you have for market share, etc.. There are dozens of variables here – including the competitive marketplace, overall demand and restrictions of ad platforms (where the product/service involves YMYL (your money or your life) type industries.)
Google Ads budgets in particular are subject to auction, audience size and language used by searchers. Before giving a specific number, it’s crucial for us to gain a deeper understanding of your business objectives, desired outcomes, and any unique challenges you face. This way, we can provide a budget that’s both realistic and tailored to your specific needs, ensuring the best possible return on your investment.
Do you have minimum ad spends?
Yes. We have minimum ad spends because spend-starved campaigns rarely do well. We do have some flexibility here, but when the budgets are too low for us to thrive, we will have to withdraw from consideration. If your business is unable to lock in a monthly spend budget for Ads (including Google Ads) it may be hard for us to work together effectively.
By the way, we do not bill our fees based on ad spend or otherwise tie ourselves to how much you spend, and we encourage you to work with an agency with this approach.