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The Importance of a Marketing BudgetAs a small business owner, you may be wondering how much you should allocate towards your marketing efforts. Having a well-defined marketing budget is crucial for the success and growth of your business. It allows you to plan and execute effective marketing strategies that will help you attract new customers and retain existing ones.Factors to ConsiderThe average marketing budget for a small business will vary depending on various factors, such as industry, target market, and business goals. It is important to consider these factors and tailor your marketing budget accordingly.One of the key factors to…