Most Small Businesses Missing Out on Marketing Opportunities
STAMFORD, CT—Sept. 12, 2012—Small businesses are depending mainly on traditional communications channels to market to customers and prospects, not tracking results and missing opportunities to incorporate multichannel communications to increase those response rates and get customers. Such are the findings of a “Small Business Marketing Survey” recently conducted by Pitney Bowes.
The survey of more than 750 of Pitney Bowes small-business customers was conducted with the goal of finding out more about the customer communications channel preferences and marketing tools used by small businesses and to determine if small businesses are fully leveraging the tools they have in place.
“A surprising number of businesses are not tracking results of communications they send to customers and prospects, particularly through direct mail and email,” said Justin Amendola, vice president, global SMB digital strategy, Pitney Bowes. “This is a big missed opportunity for businesses who could instead help their business grow by using any of a number of affordable, easy-to-use communications tools to deliver and measure their marketing programs.”
Pitney Bowes uncovered several opportunities for small businesses to leverage existing and new marketing strategies to grow their businesses.
• Measurement— Most small businesses are not measuring the success of their marketing campaigns. They’re not using readily available metrics to understand channel effectiveness. An astonishing 73 percent of respondents fail to measure their email marketing metrics, while 80 percent fail to measure their direct mail or traditional mail metrics.
• Digital and Social Media Channels—Small businesses heavily rely on traditional channels for customer communications and may be missing opportunities to use newer tactics such as social media. Email is the most used channel, with 46 percent of respondents using it as their primary channel for business communications, followed by phone (22 percent) and direct mail (11 percent).
• Multichannel Approach—Businesses are slow to take advantage of the power of integrated marketing and new channels. Of the larger businesses surveyed (50-100 employees), none listed social media as their primary channel. Those who did list social media as their primary channel tended to be businesses with 10 or fewer employees. Most notably, of those small businesses, the highest proportions were those less than 10 years old. By incorporating a multi-channel communications approach, businesses may see increased response rates.