04/07/2021
The answers to all of these questions should play a role in determining your ad spend!
1. If you are running ads for a business whose competition is also running ads - you'll likely have to spend more to get your campaign in front of your ideal audience!
2. Additionally, the amount you spend should vary based on what you're hoping to achieve through your ads. For example, if your goal is leads, you will likely need to spend more than for a campaign whose goal is exposure/page follows.
3. The size of your audience should also be a consideration when determining your ad budget. If your target audience is on the smaller side (a specific city vs nationwide), you won't have to spend as much to have your ads seen.
4. Finally, the different types of actions you are optimizing for with your ads should also play a part in your budget. If you are optimizing for video views, you will spend less than if you are pushing for website traffic!
Have more questions about digital marketing and ad spend? Reach out using the link above!