Type “marketing budget template” into a search engine and you’ll find several examples, from the most basic to impressively detailed.
But 99 percent of the time there’s one important line item missing – your Cost of Occupancy.
Cost of Occupancy = Yearly Rent or Mortgage
Your yearly cost of rent or mortgage payments should be treated as a marketing expenditure.
Why?
You sell a product or service that relies on foot traffic. The better your location, the more visible you are to potential customers.
The more visible your location is to potential customers, the less advertising you need.
Location = Advertising
Therefore, your Cost of Occupancy should be designated as a line item in your marketing budget.
