Tuesday, November 23, 2010

Where Will SMBs Spend Marketing Dollars in 2011?

Small businesses are predicted to maintain steady marketing budgets next year, including spending on websites, direct mail, e-mail marketing, social media and print advertising, according to a recent survey by Zoomerang and GrowBiz Media.

Small business marketing budgets leaned toward websites this year, with 39 percent of SMBs with fewer than 1,000 employees spending greater than 20 percent of their budgets in that area. Online spending is expected to continue in favor of websites, as 17 percent of respondents plan to increase budgets for their sites in 2011, the highest percentage increase in planning for any marketing item included in the survey.

In comparison, 15 percent of respondents reported that they plan to spend more on email marketing next year, while 13 percent of respondents plan to up their social media marketing budgets.

Social media is predicted to be the third most increased area for online marketing spending next year. Among the more than 750 businesses surveyed, 34 percent indicated that they currently engage in social media marketing. Of those using social media, Facebook (80 percent), LinkedIn (37 percent) and Twitter (27 percent) were the most commonly used platforms.

One obvious conclusion is that small businesses do not use mobile marketing channels much, if at all.

The State of Small Business Online Marketing Budgets

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