Report: 10% Of Small, Local Businesses Have Purchased Twitter Ads

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According to
Adweek,
small and medium sized businesses may finally be "warming up" to social media based ads. Adweek commented on a BIA/Kelsey survey that stated 9.5 percent of local companies have bought a
Twitter IncTWTR
ad in the past, while 18.3 percent of those survived said they are active on the social media platform for marketing. Companies included in the survey were locally focused organizations based in the U.S. with 10 to 99 employees. The survey also showed that the average total advertising budget for all media channels was $35,693, with 21.4 percent of that being directed towards Twitter and other social media platforms such as
Facebook IncFB
. The future spending habits also paint a bullish picture for the social media companies looking to improve their take of ad budgets. Sixty-one percent of those surveyed said that buying social media advertising over the next 12 months is either an "extremely high priority" (13 percent), a "very high priority" (20 percent) or a "moderately high priority" (28 percent). Companies dedicating higher portions of their ad spend budget towards online channels shouldn't come as a surprise. BIA/Kelsey
detailed back in 2012, spending on all social media advertising will rise from $4.6 billion in 2012 to $9.2 billion in 2016. Over the same time period, "local" social media advertising spend will nearly double to $6.26 billion from $3.47 billion. Twitter debuted in 2012 a small business self-serve ad format where small business owners can place ads in its platform which included Promoted Accounts, Promoted Tweets, pay-per-follower pricing for Promoted Accounts. The company has seen success with the initiative and most recently introduced an automated ad buying format in Indonesia after rolling out a similar service to other countries in recent months.
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Posted In: NewsTechadvertisingAdWeekBIA/KelseylocalLocal BusinessTwitter Ads
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