Similarly one may ask, what percentage of revenue should be spent on it?
OVERALL IT SPEND AVERAGES AND YEAR-OVER-YEAR CHANGES
Overall as of 2013, businesses seem to spend between 4-6% of their revenue on IT, and this range is recommended by CIO Magazine. Company size generally has a large effect on budget size, and should be taken into consideration when planning your fund allocation.
Beside above, how much do companies spend on travel? For example, recent data indicates that the average cost of domestic travel is $111.7 billion each year. Additionally, business travelers spend an average of $949 on airline costs, hotel fees, and other expenses during trips around the U.S. annually.
Correspondingly, what percent of revenue should be spent on sales?
The U.S. Small Business Administration recommends spending 7 to 8 percent of your gross revenue for marketing and advertising if you're doing less than $5 million a year in sales and your net profit margin—after all expenses—is in the 10 percent to 12 percent range.
How much does the average person spend on travel?
For a typical trip within the U.S., people spend an average of about $581 and go away for about four nights (the cost of a domestic vacation was less than $500 back in 2005). Their travel costs per day are now about $144.
