There is no specific answer to this question. In fact, businesses have tens of millions of dollars worth of budget for their online marketing initiatives. The one important thing here is that every business owner understands the importance of social media marketing for their business growth. So, they don’t mind sending money on it ever. If you are also running a business and speed up its growth rate, then use social media marketing carefully. You can get in touch with any decent agency with a proven track record and ask it to share social media marketing service package with you. Based on your budget, you can choose the one that fits within your allocated budget.
In terms of average SMM expenditure, it can cost anywhere between a few thousand dollars to a few hundred thousand dollars based on how aggressively you want to move on. What you should do is think seriously about it and then decide a monthly budget for social media marketing. Now, you can hire an agency that charges a reasonable fee and kickstart the SMM campaign without wasting any more time. As your business grows, you can increase this amount in the coming months.