Here’s the recap of our visit to the Google Agency Summit that we’ve been promising!
We’ll take a quick overview of marketing spending, display ads, mobile ads, and video in terms of small business use. The overall focus throughout the day was on small business (SMB) growth. Makes sense, doesn’t it? The small business segment is a promising category with big opportunities. Here are some key points that we learned:
SMB Spending and Growth
- Total SMB digital ad spend is growing at 25% YoY (year on year)
- Growth is happening within Google local services and beyond on platforms like: Facebook, Groupon and LivingSocial
- According to Google’s (see graph), total US SMB marketing spending is expected to almost double by 2015. This is a self-proclaimed “conservative” forecast, so we could see numbers even higher than that!
With over 2 million sites, Google now has the largest ad network . What does this mean for the potential of display ads? The emphasis here was on the concept of remarketing. Remarketing allows you to target and show ads to users who have already visited your website. This is helpful to help them recall your products and services, something that they’ve obviously been interested in since they have already been to your site. This is an innovative new way to match the right customers to your message.
Mobile Ads and Video
Mobile ads are evolving and should be a different and more helpful experience for mobile users. There is less space on a mobile screen, which means that functions like “Store Locator” take priority over plain old text. People searching on their phone aren’t going to have the time or space to read text. Learn how you can build a basic mobile site with this free Google tool.
As for video, the big push is for small businesses to come on board, given the massive potential and size of YouTube. Small businesses could utilize video marketing by using banners, pre-roll commercials and even encourage user created content. With so much up and coming news, you can always stay updated with Google’s latest ad products here.
At the end of the day, it’s clear that Google is trying to make things easier for everyone – small business owners and their customers. This is why Google is so intent on integration and working closely with with agencies like Emarketed… so that we can help our customers!
It looks like there’s a lot in store in the future for small businesses. As a small business owner, it’s important to stay informed so that you don’t get left behind. Here’s a list of some helpful information on topics related to what we just talked about: