Many small businesses are pretty cautious when it comes to investing the very limited amount of time and money they have into marketing, but a new survey shows the vast majority of small or medium businesses who use online marketing are glad they did.
BrightLocal’s annual SMB Internet Marketing Survey asked 736 businesses with 1-50 employees about their feelings and use of internet marketing, mobile marketing, and marketing services in October-November 2014.
Of those who responded to the survey, 95% were businesses located within North America (92% U.S.; 3% Canada).
When asked how effective each respondent felt internet marketing is at attracting new customers to their business, 32% said they found online marketing to be “very effective” (compared to 27% in 2013). Combined, 75% felt internet marketing is “effective” or “very effective” at attracting new customers (compared to 68% in 2013).
The findings of the survey also show that many small businesses are still reaping significant rewards with internet marketing on a limited budget. The report says 70% of those who responded to the survey are spending less than $500 per month on marketing (compared to 73%), and 83% are spending less than $1,000 per month.
There are several other interesting findings in the study, but the overall message is clear. Online marketing is highly effective, even for businesses who don’t have extensive resources to put towards marketing.