Recently we conducted an online survey about selling to the small business market. The results of that survey are now available.
The survey established that a whopping 83% of vendors attract small business customers through referrals — more than twice the number that report getting customers through cold calling, direct mail and other traditional techniques. Here is a chart from the report comparing various customer acquisition techniques (not including online):
When it comes to attracting customers online, organic search results are a primary way. A full 73% of vendors attract small business customers through search engine results. This chart compares various online ways of attracting small businesses as customers:
The report is based on data collected from an online survey between October 29 and November 13, 2005. There were 481 respondents. The report consists of 14 pages and 11 charts.
Ron McDaniel, CEO of Buzzoodle.com, a word of mouth marketing agency, was provided with an advance review copy of the report. Here is what Ron had to say, “I think this report is essential for businesses that market to small businesses to read because it really illustrates the opportunities and barriers to getting better results. I can imagine a lot of opportunities for follow up to this…. Just the tip of the iceberg as far as stuff I would love to know. ”
This is intended to be the first of many surveys. Our thanks to all those who participated.
Download our exclusive 14-page report, “Reaching Small Businesses” (PDF).