Guest post- Online Marketing Investment to Soar in 2012
This guest post comes courtesy of Garry Pickles at Online Media Direct, internet marketing experts and one of our favourite industry partners.
Researchers have predicted recently that British companies are set to continue strong patterns of investment in online marketing strategies and the technology that goes with it throughout 2012.
In contrast to the shaky UK economy as a whole, the digital economy is riding high, Econsultancy’s third annual Marketing Budgets Report said. It noted that some 69 per cent of companies in the UK have declared that they will be increasing their budgets for online marketing this year, compared to just 45 per cent who are increasing their overall marketing budgets and a mere 16 per cent who will be increasing their non-digital marketing funds.
Researchers have uncovered four key details which look set to make online marketing a very exciting sector to be in this year:
- Some 79 per cent of all companies planning to boost their internet marketing budgets are doing so by 10 per cent or more.
- Companies are devoting 37 per cent of their overall marketing budget on digital campaigns this year, compared to 36 per cent in 2011
- An impressive 74 per cent of companies will be boosting their funds for online marketing technology in 2012, compared to just 67 the previous year.
- Well over half of all UK companies – 56 per cent – will be stepping up recruitment for their online marketing sections this year. This is a 4 per cent increase on the 52 per cent of firms that did the same last year.
The report was compiled in association with Experian Marketing Services, whose UK & Ireland managing director Mark Zablan pointed out that marketers are “investing in the tools, technology and people to allow them to deliver greater returns on their campaigns and present insight and results back to the business in a meaningful and incisive way.”
Other key findings of the survey were:
- Companies are feeling the lack of sufficient online marketing staff. Such shortages were given as the joint second most common barrier to investing in the field, along with company culture.
- Marketers find it easier to measure the results from online marketing drives, compared to more old-fashioned methods. Some 55 per cent of respondents said they had a “good” or “very good” grasp of the ROI gained through digital marketing, as opposed to just 44 per cent for traditional marketing.
- Most investment in online marketing this year is likely to be in social media – one of the big growth areas of 2011. Some 69 per cent of companies surveyed said that their budgets would be increased for “off-site” social media such as Facebook and Twitter.
- The other major area for online marketing investment is in mobile devices, such as smartphones and tablets. A hefty 57 per cent of respondents said that they would be putting money into mobile apps in 2012.





