IN INVISION’S FIRST annual Big Survey, we asked more than 500 ECPs which medium accounts for the biggest chunk of their ad and marketing spending. Print is still on top, but the marketing budget pie is getting sliced ever more finely — and nearly 1 in 5 ECPs claim to be passing on the plate all together.
Which gets the largest portion of your marketing budget?
| Print |
|
13%
|
| Community events (including sponsorships) |
|
12%
|
| Direct mail |
|
10%
|
Other social media marketing
|
|
8%
|
| Paid search (PPC, Google Ads, etc.) |
|
7%
|
Facebook
|
|
7%
|
| Email marketing |
|
7%
|
Radio
|
|
5%
|
SEO
|
|
5%
|
| Television |
|
2%
|
Billboards
|
|
2%
|
Other
|
|
3%
|
| Don’t advertise |
|
19%
|
Looking at the above results, it’s seems likely the 19 percent of ECPs who said they don’t advertise are relying on word of mouth to sustain their business. Still, it appears to pay to be more active: 25 percent of the ECPs who told the Big Survey the last two years had been their worst ever also don’t advertise. That compares to just 14 percent of those who said those years had been their best ever. Also worth considering: In a separate question, we asked ECPs to name the most significant thing they were doing to drive sales five years ago that they’ve stopped doing. The top answer? You guessed it—advertising in traditional media. Check out the survey to see how your spending fits in to this complex picture.
The 2019 Big Survey was conducted from August to October and attracted responses from more than 500 American ECPs. Look out for the full results in the November/December issue of INVISION.
