Internet Marketing Budget: How Much Should You Spend, Exactly?

On November 24th, 2010, wrote:

It used to be that businesses concentrated their marketing efforts exclusively on traditional (offline) media – like print ads, TV commercials, radio, PR campaigns, events, billboards, direct mail, glossy brochures. And then the Internet happened. And then social media changed the Internet. A recent report by GrowBiz Media, a small business market research firm, and online survey company Zoomerang led to key insights on how much money small businesses are allocating for their Internet marketing efforts. Entitled “SMB Marketing Practices: Small to Midsized Business Survey Results, 2010”, the report gathers information from 751 completed surveys across the U.S., by businesses with less than 1,000 employees. Among the key takeaways: More than half of the businesses with less than $1000 marketing budget are adopting social media practices, most notably in social networks Facebook, LinkedIn, and Twitter (in that order). Around 39 percent of respondents are spending more than 20 percent of their marketing budgets on websites (design, development, content creation, marketing, – Read the full article