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Industrial Marketing Execs: Budgets to Grow in 2007

Companies in the industrial sector are spending more on marketing and allocating a greater portion of their budgets to online marketing, according to the 2007 Industrial Marketing Trends Survey from GlobalSpec, which surveyed marketing and sales executives and managers in the sector, MarketingCharts reports.

More than half - 55 percent - of respondents said their companies would spend more on marketing in 2007 than in 2006; only 10 percent said they would spend less.

globalspec-industry-marketing-channel-spend.jpg

Other findings from the 2007 GlobalSpec Industrial Marketing Trends Survey:

  • 73 percent of respondents said customer acquisition or lead generation is their primary marketing goal in 2007.
  • 61 percent of respondents said online marketing would take up more of their marketing budget in 2007 than it did in 2006; only 5 percent said they would spend less online.
  • Respondents most often selected customer acquisition, budget & resources or new market development as the biggest marketing challenge facing their company in 2007.

MarketingCharts has some more info here.

Related topics: Signs of What's to Come, Research, Direct...   

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