68% of Small Businesses Plan to Increase Marketing Spending in 2013
97% of small businesses plan to increase spending (68%) or spend the same amount (29%) on marketing in 2013.
Increased Marketing Spending is Planned by Majority of Small Businesses In 2013
Results from a recent survey from AWeber found that a majority of small businesses plan to increase their marketing spending in 2013 (68%), and 29% plan to spend the same amount. And, the results reveal that along with an increase in spending, small businesses will, naturally, increase their use of many marketing channels. The marketing channel that small businesses intend to increase their use of the most is e-mail, with 85% of those small businesses that responded indicating that they plan to increase their use of e-mail as a marketing channel. Other channels that small businesses plan to increase their use of include: their business website (74%), blogging (72%), Facebook (70%), online advertising (66%) and Twitter (58%). Given the decline of print media over the past decade, it is not too surprising that only 22% of the respondents indicated that they will increase their use of print advertising in the coming year.
How Much Time Do Small Businesses Currently Spend on Marketing Activities?
Currently, according to the AWeber survey results, nearly 25% of small businesses spend four or more hours per week on e-mail marketing, and more than 27% spend four or more hours marketing on Facebook (interestingly, 12.5% spend 7+ hours). For those small businesses that use their business website as a marketing channel, nearly 34% spend four or more hours per week working on their website. Marketing by blogging also takes four or more hours of time per week for nearly 30% of small business owners. However, Twitter is not such a time drain – of the small businesses that use Twitter for marketing purposes, more than half (52%) spend less than one hour on it per week, and less than 10% spend more than four hours using it per week. Who is spending this time? For 88% of the small businesses that responded to AWeber the Owner or CEO primarily fulfills the marketing function.