Wednesday, December 27, 2017

Survey: Hikes to 2018 Digital Marketing Spend

Digital marketers are already looking ahead to 2018 results, with most planning to increase digital spending according to a recent survey by Ascend2, which found that 93% of firms expect to boost digital marketing budgets in 2018. The survey, conducted in December 2017, tapped 217 marketing influencers, with 43% working for B2B firms, 35% for B2C firms, and 22% for hybrid firms. The combined 52% planning marginal increases and 41% planning significant boosts in 2018 digital marketing budgets dwarfed the 7% who intend to decrease digital spending. But the more interesting data involves where the marketers foresee the biggest bang for digital bucks in the year ahead. Respondents expected the most effective digital marketing tactics in 2018 to be social media marketing (18%), followed by content marketing (17%). Search engine optimization was seen as most effective by 15%, e-mail marketing was seen as leading by 13%, and paid search and social ads was chosen by only 11%. The lower ranking of e-mail and search ads was not due to execution barriers; both were rated as among the least difficult to implement. In contrast, surveyed marketers reported the greatest execution difficulties for data management (18% rated as most difficult) and marketing technology (also 18%). Content marketing and search engine optimization tied for second place in terms of implementation challenges, with both selected by 16%. For a link to the full report, go to http://www.acculistusa.com/2018-digital-marketing-spend-to-rise-high-hopes-for-social/

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