You are currently viewing Why Business Owners Don’t Create a Marketing Plan

Why Business Owners Don’t Create a Marketing Plan

Take a look at this chart on small business marketing, and you may find yourself. This useful study was conducted by OutboundEngine, a provider of marketing automation software for small businesses. They surveyed more than 350 small and medium business owners throughout the U.S. Here is a glimpse of what they found. You can find more by reading their PDF. If you see yourself here, what can you do to make yourself create a plan?
outbound marketing study
More than half of the survey participants spent less than 5% of their revenue. 81% percent of respondents who invested between 5% and 10% of annual revenue in marketing said they experienced revenue growth the year prior. By comparison, only 50% of respondents who invested less than 5% of revenue into marketing experienced revenue growth.
 

What goes in your marketing plan?

There are many options with different costs and time commitments. You want to build a presence, so when you choose a platform, do it well and consistently. Which attempts in the past have provided the best results?
  • Organic Social Media
  • Paid Social Media
  • E-Mail marketing
  • Events
  • Digital Advertising
  • Traditional Advertising
  • Referral Marketing
  • Customer Loyalty Programs

Let’s talk!