SMB budgets in 2012 have seen a large increase in digital spending.
With the massive amount of money spent spreading the message, it would seem that the recession we’re in is a myth! Perhaps it is true that consumer spending has taken a hit, but here are some juicy statistics from the BIA/Kelsey SMB Digital Conference in Chicago that reveal some interesting trends with online marketing.
Small business marketing expected to increase 40% digitally in next 12 months
This preliminary chart is from the BIA/Kelsey annual Local Commerce Monitor Survey that talks to 300 small businesses. A 40% increase is an outstanding prediction on the growth of small business marketing taking to the digital channels. With the slow improving economy and with the ever increasing media dominance of the consumer, the Internet is driving all marketers to show more focus on the digital realm.
Small business marketing has nearly doubled using digital media channels over the last 5 years.
An increased audience fragmentation is solely due to digital marketing . I remember the days that you could just put an ad in a Yellow Pages book and attract a nice share of the market. Not the case today, small business marketing plans must promote media buys across multiple channels to get the same audience as they did in the past. Are you?
Small business marketing budgets show SMBs will spend one third on digital media
It is predicted that in the US, the total local ad spend to be more than $130 Billion in 2013. BIA/Kelsey estimated that in 2010 SMBs spent about 20% of their budgets on digital marketing equating roughly to $5 billion. This means that 30% of small business marketing dollars in 2013 should be somewhere around $9 billion. Don’t get left behind and let your competition have a leg up!
Facebook is dominating the small business marketing digital landscape
It’s free, easy to setup and use, and has over 900 million users! FaceBook is dominating the landscape now and small business marketing has grown tremendously since FaceBook’s conception. There are so many success stories of SMBs taking advantage of FaceBook’s network and the trend is increasing each and every day.
You need a digital small business marketing plan
There is no doubt that the landscape of small business marketing is changing and with these revealing numbers, digital marketing is here to stay. Are you prepared for 2013?