Marketing budgets to grow this year

Money house, sterling notes

Ninety-three percent of small businesses plan to maintain or increase their marketing budgets this year, according to a survey.

Just over half plan to spend more on marketing in 2011.

The 7% of 925 small business managers and decision-makers polled who expect to slash budgets represents an even more positive outlook than 2010, when 11% of small businesses planned to cut their marketing spend. 

The Small Business Marketing Practices Survey found that entrepreneurs plan to increase both their online and offline marketing budgets, with a particular emphasis on boosting spending on email, website and social media marketing.

Growing numbers of businesses are harnessing social media, 35% updating a Facebook profile, making it the most popular social media tool, followed by 22% adopting viral or referral marketing programmes. Twitter was not yet as popular as Facebook, with 21% using the microblogging site.
Forty-six percent of businesses surveyed do not have a website and only 13% update a blog.

 

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