The majority of businesses in the UK are set to up their digital marketing spend next year according to new research.
Data compiled by Econsultancy from a survey of 500 client-side digital marketers and agencies reveals 52 per cent of companies plan to increase their paid search (PPC) budgets next year, up from 45 per cent.
The proportion of companies looking to increase their search engine optimisation (SEO) budget over the same period has increased by 10 per cent, to hit a total of 60 per cent.
According to the report, almost half of all companies (49 per cent) are now spending at least £50,000 on PPC in a year – an increase from 39 per cent in 2008. In addition, the number of firms spending less than £5,000 has decreased significantly from 25 per cent last year to 14 per cent this year.
When it comes to SEO, the report said 22 per cent of firms are now investing at least £50,000 – up from 16 per cent in 2008.
Spending on social media ventures is still small in comparison, with 57 per cent of companies putting aside less than £5,000-a-year.
However, it seems the potential benefits of implementing a sound social media strategy are starting to become clear to business owners, with 65 per cent looking to increase spend during the next 12 months. Out of those companies, 15 per cent plan to double their budget.
In terms of potential stumbling blocks with regard to PPC spending, 41 per cent of companies cited a lack of internal resources while 30 per cent pointed to poorly converting websites. In terms of SEO, companies highlighted a lack of internal resources (49 per cent) followed by budget problems (26 per cent).
By Richard Morris

