Trends for growth on on-line marketing budgets
JodiA new report brings further evidence that businesses are cutting their marketing budgets with more mainstream outlets, such as radio, TV and print, while aiming to build their on-line brand reputation. The joint research, by Econsultancy and Exact Target, estimates that there will be a 17% increase in digital marketing spending by the end of this year.
It’s thought that businesses are keen to direct their efforts into more on-line marketing strategies because they are cheaper than more traditional forms of advertising. It could also be that on-line marketing is more accessible and appears fresher and more exciting.
More than 70% of participants in the survey said they were increasing budgets for social media marketing through sites such as Facebook and Twitter, while 65% plan to increase their budget for on-site social media.
Other findings include:
* 41% of marketers plan to decrease spending on print and radio marketing in 2010.
* 64% of companies plan to increase budgets in SEO.
* 56% plan to increase budgets for mobile marketing.
* 54% plan to increase budgets for email marketing.
* 51% plan to increase budgets for paid search.


