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Business Report

Local Pulse Report™- 2022 Key Highlights

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/ Local Pulse Report™- 2022 Key Highlights
2022 LPR COVER
Details
Thrive Analytics
Business Report
Pdf
2022
93
80
DESCRIPTION

The past few years have been incredibly difficult for the small and medium-sized business (SMB) community. As we enter 2022, uncertainty remains in the minds of many small business owners. Many continue managing challenges like inflation, labor shortages, supply chain disruptions, and various other issues.

This report provides the latest data from our Local Pulse Report™ study. We’ve compiled insights from over 10,000 interviews with business owners to understand better the challenges they face, their expectations, and plans for 2022.

 

This 93-page research databook covers the following topics:

ECONOMIC & SALES OUTLOOKS

  • SMALL BUSINESS ECONOMIC EXPECTATIONS
  • SMALL BUSINESS SALES EXPECTATIONS
  • SMALL BUSINESS COVID-19 RECOVERY EXPECTATIONS
  • SMALL BUSINESS LONG-TERM SUSTAINABILITY
  • SMALL BUSINESS EMPLOYMENT CHANGES DURING COVID-19
  • SMALL BUSINESS EMPLOYMENT CHANGES OVER THE NEXT 3 MONTHS
  • SMALL BUSINESS OPERATIONAL BUDGETS
  • AREAS SMBs INCREASED THEIR BUDGETS FROM THE PRIOR MONTH
  • AREAS BUSINESS OWNERS PLAN TO FOCUS ON OVER THE NEXT 6 MONTHS
  • TOP BUSINESS CHALLENGES MOVING FORWARD
  • SMALL BUSINESS CAPITAL EXPENDITURES OVER THE NEXT 12 MONTHS
  • SMALL BUSINESS VIEWS ON THE ABILITY TO OBTAIN FINANCING
  • SMALL BUSINESSES OPERATING CASH ON HAND
  • SMALL BUSINESS PRODUCT AND SERVICE PRICING

 

MARKETING & ADVERTISING PROGRAMS

  • SMB MARKETING BUDGET CHANGES OVER THE NEXT 12 MONTHS
  • SMB MARKETING BUDGET ALLOCATIONS
  • AVERAGE NUMBER OF MEDIA TYPES USED BY SMBs
  • AVERAGE ANNUAL MARKETING BUDGET BY BUSINESS SIZE
  • 2022 SMALL BUSINESS MARKETING GOALS
  • SMALL BUSINESS MEDIA MIX
  • TRADITIONAL VS DIGITAL MEDIA SPEND OVER THE NEXT 12 MONTHS
  • REASONS WHY SMBs ARE DECREASING MEDIA INVESTMENTS
  • REASONS WHY SMBs ARE INCREASING MEDIA INVESTMENTS
  • SMB PLANNED CHANGE IN MEDIA INVESTMENTS (20 MEDIA TYPES)
  • SELECT DIGITAL MEDIA SMBs ARE INCREASING INVESTMENTS
  • AVERAGE BUDGET INCREASES FOR SELECT DIGITAL MEDIA

 

PERFORMANCE & STRATEGIES

  • MOST IMPORTANT FACTORS WHEN MEASURING AD PERFORMANCE
  • HOW SMBs MEASURE MARKETING PERFORMANCE
  • MOST EFFECTIVE MARKETING/PROMOTIONAL METHODS USED

 

WEBSITES

  • WEBSITE PENETRATION BY TENURE OF BUSINESS
  • WEBSITE PENETRATION BY SIZE OF BUSINESS
  • REASONS WHY SMBs DO NOT HAVE A WEBSITE
  • MEDIA SMBs PLAN TO START USING OVER THE NEXT 12 MONTHS
  • WEBSITE MANAGEMENT BY BUSINESS SIZE
  • WEBSITE UPDATES BY BUSINESS SIZE
  • SMALL BUSINESS MOBILE STRATEGIES
  • SMALL BUSINESS WEBSITES WITH ECOMMERCE CAPABILITIES
  • SMALL BUSINESS WEBSITE UPGRADES OVER THE PAST 12 MONTHS
  • SMALL BUSINESSES LIKELIHOOD TO UPGRADE WEBSITES IN 2022
  • SMALL BUSINESS WEBSITE PRIORITIES FOR 2022
  • SMALL BUSINESS SATISFACTION WITH CURRENT PROVIDER

 

SOCIAL MEDIA

  • SMALL BUSINESS SOCIAL MEDIA USAGE
  • SOCIAL MEDIA SMALL BUSINESSES USE FOR MARKETING/PROMOTION
  • SMALL BUSINESS EXPECTATIONS WHEN USING SOCIAL MEDIA
  • SMBs THAT DON’T USE SOCIAL MEDIA BY TENURE
  • MEDIA SMBs PLAN TO START USING OVER THE NEXT 12 MONTHS
  • SMALL BUSINESS CHALLENGES WITH SOCIAL MEDIA
  • HOW SMALL BUSINESSES MEASURE THE SUCCESS OF SOCIAL MEDIA
  • SMALL BUSINESS SOCIAL MEDIA MONITORING
  • TOP MARKETING AREAS SMBs NEED HELP WITH
  • SMALL BUSINESS SATISFACTION WITH SOCIAL MEDIA PROVIDERS

 

RATINGS & REVIEWS

  • SMALL BUSINESSES THAT USE RATINGS & REVIEWS
  • BUSINESS IMPACT OF USING ONLINE REVIEWS
  • SMALL BUSINESSES THAT CLAIM FREE LISTINGS
  • SMALL BUSINESS RESPONSE TO NEGATIVE REVIEWS

 

TECHNOLOGY ADOPTION

  • SMALL BUSINESS ADOPTION OF DIGITAL SOFTWARE SOLUTIONS
  • REASONS WHY SMBs ADOPTED DIGITAL SOLUTIONS OVER THE PAST 12 MONTHS
  • TECHNOLOGY SMBs HAVE UPGRADED OR ADOPTED OVER THE PAST 12 MONTHS
  • REASONS WHY SMBs HAVE NOT UPGRADED OR ADOPTED TECHNOLOGY
  • BENEFITS OF UPGRADING OR ADOPTING NEW TECHNOLOGY
  • TOP AREAS SMBs PLAN TO UPGRADE OR ADOPT NEW TECHNOLOGY IN 2022

 

SALES PARTNERSHIPS

  • BIGGEST CHALLENGES SMBs HAVE WITH DIGITAL MEDIA
  • THINGS THAT WOULD MAKE SMBs WANT TO TRY A NEW DIGITAL SOLUTION
  • IMPORTANCE OF HAVING A SALES REP VISIT IN PERSON
  • IDEAL SALES REP CONTACT FREQUENCY FOR SMBs
  • IDEAL COMMUNICATION METHOD BY SALES REPS FOR SMBs
  • SMB PREFERENCE OF NUMBER OF PROVIDERS TO WORK WITH
  • HOW SMBs LIKE TO PURCHASE DIGITAL PRODUCTS/SERVICES
  • PREFERRED MODEL OF SELECTING DIGITAL PRODUCTS/SERVICES

 

FUTURE OUTLOOKS

  • AREAS THAT SMBs THINK WILL HAVE THE BIGGEST IMPACT ON THEIR BUSINESSES OVER THE NEXT 2-3 YEARS
  • TECHNOLOGY / SERVICES SMBs PLAN TO START USING OVER THE NEXT 12 MONTHS BY MARKETING BUDGET SIZE

 

$1,595.00