Business gets social

January 14, 2008 | Internet Marketing

Business marketers are on target with their plans to spend on search marketing, e-mail and corporate sites, but would be better served to move funds out of traditional media and toward more word-of-mouth venues such as Web-based events, trade shows and conferences, says eMarketer.

Last year was the first time trade shows—referred to as “face-to-face” media by American Business Media (ABM)—surpassed business publications in share of total revenue.

Emphasis on socialization is growing for digital media, including social media such as such as blogs, wikis and social networks.

eMarketer projects that, in 2008, US B2B online advertising spending will increase almost 19%, to $5.2 billion.

“B2B marketing is undergoing tectonic shifts,” says Lisa Phillips, eMarketer Senior Analyst and author of the new report, B2B Marketing Online: Business Meets Social Media. “One thing that hasn’t changed, though, is that sales cycles remain long and complicated.”

Get the full story at eMarketer

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