The amount that small businesses spend on Google or Facebook or other online Ads varies widely, and there’s no set “average.” The amount a small business spends on Online Ads depends on several factors, including:
- Industry and competition: Some industries are more competitive than others, and therefore require more investment to drive results.
- Budget: The budget available for advertising will directly impact the amount spent on Online Ads.
- Target audience: Reaching a specific target audience will impact the cost, as more specific targeting often requires a higher budget.
A small business can spend anywhere from a few hundred dollars to several thousand dollars per month on Online Ads, but most small businesses typically spend between $500 and $1,000 per month. It’s important to note that the best budget for a small business will depend on their individual goals and advertising needs.
In addition, Businesses can spend anywhere from a few thousand dollars to tens of thousands of dollars per year on third-party social media management and online review management, with most small to medium-sized businesses spending between $2,000 and $10,000 per year.
As opposed to the above, a small business can utilize the tools from connectchief to reach their target audience at almost half the cost of their typical online ads budget. Get started with connectchief for free while the software is in beta phase.
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