SlideShare a Scribd company logo
December 10, 2020
How to Support and Engage SMBs
During COVID-19
INCREASING SALES TO SMBS
2
Output
INSIGHT
Topics Methods
• Qualitative
• Live / online focus groups
• In-depth interviews
• Quantitative
• Custom online
• SMB Pulse omnibus
• Snap Poll
Insight for CE / product /
marketing strategy
Data for PR / content / social /
collateral programs
3
• Attitudes and usage
• Buyer identification
• Competitive perceptions
• Market segmentation
• Media behaviors / preferences
• Message / positioning testing
• Net promoter score
• Persona / buyer journey
• Purchase intent, behaviors,
channels and preferences
OUTREACH
Video
Email
Newsletters
Checklists /
Worksheets
Case StudiesArticles Blog Posts
White Papers
Podcasts
eBooks
PR Surveys
Social Media
Handbooks /
Guides
Webcasts
Slideshows
Infographics
Interactive
Tools
• Survey data
• Creative brief
• Editorial calendar
• Content development
• Content audit
• Analytics
Contribution
• Expert
• Actionable
• Relevant
• Easy to understand
• Professional
• Brand-building
• Custom
Principles
Direct Mail
Event
Collateral
Brochures /
Sell Sheets
Custom Pubs
4
Helping SMBs through
COVID-19 Impact of COVID-19
How vendors can help The role of content Q&A: Karen Wozniak,
Paychex
1 2
3 4 5
Office and staffing
5
WHAT WE’LL COVER
6
Online survey via the Bredin.com/SMBPulse
500 principals at U.S. SMBs with <500 employees (+/- 4% CI)
WHEN
HOW
WHO
% Indicates highest % in a column
(A) / (B) / (C) Indicates statistically significant difference between columns
Note: The SMB Pulse is opento marketer participation.
Some charts in this deck do not total to 100% due to rounding.
METHODOLOGY
Company size quotas
250 with one to 19 employees (VerySmall Businesses orVSBs;97.7% weighting)
150 with 20 to 99 employees(Small Businesses orSBs; 2% weighting)
100 with 100 to 500 employees (Mid-sized Businessesor MBs; 0.3% weighting)
September 26 to October 5, 2020
7
SAMPLE CHARACTERISTICS
n=500
5%
18%
16%
19%
43%
Up more than 100%
Up 10% to 100%
Up less than 10%
Same as 2019
Down compared to 2019
Principal (e.g.,
Owner, Founder,
Partner, CEO,
President, etc.)
Male
Female
72%
28%
1%
26%
37%
34%
2%
Gen Z (18 to 23)
Millennial (24 to 39)
Gen X (40 to 55)
Boomer (56 to 74)
Silent Generation (75+)
RespondentAge Company Age Business Outlook
Title/Role Company Size Gender
8%
9%
8%
25%
18%
12%
20%
5-9
20-49
6%
34%
26%
34%
Less than 2 years
2 to 9 years
10 to 19 years
20 years or more
100%
100-500
50-99
10-19
Business Status
52%
44%
4%
Open for business;
fully operational
Open for business
on a limited basis
Closed, but plan to
reopen
1 (just me)
2-4
8
SAMPLE CHARACTERISTICS
n=500
West
21%
South
39%
Midwest
19% Northeast
21%
Geography
35%
52%
13%
PopulationDensity
Urban
Suburban
Rural
11%
15%
16%
32%
15%
11%
Less than $100K
$100K to $499K
$500K to $999K
$1M to $4.9M
$5M to $10M
More than $10M
Company Revenue
36%
29%
24%
11%
Manufacturing
Construction/Mining/Contracti
ng/Electrical/Landscape/
Plumbing/etc.
14%
Manufacturing/Transportation
and Warehousing
4%
Automotive 3%
Life Sciences (e.g.
Pharmaceutical/Medical
Devices/Biotechnology)
3%
Energy/Utilities 1%
Telecommunications 0%
Other
Personal Services 6%
Education/Training 3%
Nonprofit 1%
Industry
Professional Services
Financial Services/
Accounting/Bookkeeping
8%
Technology (e.g. computer
hardware, software, services,
Internet)
8%
Legal 5%
Medical 5%
Advertising/Consulting/Desig
n/ Marketing Services
4%
Banking/Insurance/Mortgage 4%
Architect/Engineering 2%
Publishing/Printing/Media 1%
Retail/Wholesale
Retail 11%
Real Estate 5%
Food/Beverage/Restaurants 5%
Wholesale 3%
Entertainment/Recreation 3%
Travel/Hotel/Hospitality 2%
DETAILED FINDINGS
10
THIRD-PARTY PERSPECTIVE
• 1.4 million small businesses have closed1
• Including 100,000 restaurants (one in six)2
• Many small business balance sheets were already weak pre-Covid3
• Revenue is under pressure
• 1 in 3 have reduced staff
• 1 in 4 have limited operations
• 3 in 5 expect Covid to reduce sales
• Expenses are up
• 1 in 5 do not expect to survive
• Debt service is challenging
• However, some sectors are stable / up
• e.g., recreation, tech, delivery, trades, legal, pharma, PPE
1. Oxxford Information Technology
2. NRF
3. McKinsey
11%
(BC)
44%
1%
43%
1%
38%
30%
(BC)
23%
(B)
16%
14%
10%
15%
27%
(C)
13%
26%
(C)
20%
15%
16%
28%
16%
49%
(A)
19%
57%
(A)
20%
4% 4%
8% 3%
17%
(AB)
11%
(AB)
February 2020 October 2020 February 2020 October 2020 February 2020 October 2020
11
BUSINESS OUTLOOK: COMPANY SIZE
n=500
How do you expectyour 2020 revenue to compareto 2019?
• Growth expectations have fallen sharply since February
• The outlook has fallen farthest among larger SMBs, who had very high initial growth expectations
VSBs (A) SBs (B) MBs (C)
Up more than 100%
Up 10% to 100%
Up less than 10%
Same as 2019
Down compared to
2019
-26 pts -41 pts -42 pts
12
BUSINESS OUTLOOK: INDUSTRY
n=500.See slide 8 for industry group definition
How do you expectyour 2020 revenue to compareto 2019?
• Retail/Wholesale outlookhas fallen the furthest since February, followed closelyby Manufacturing
• Like VSBs,‘Other’ industries have fallen the least, from a low base
13%
(C)
41%
8%
50%
4%
41%
21%
(BC)
43%
26%
21%
29%
23%
27%
23%
39%
24%
27%
13%
26%
9%
36%
(D)
22%
(B)
18%
11%
28%
21%
35%
14%
27%
14%
19%
14%
6% 4% (C) 3% 5% (C) 6%
0% 3%
8% (C)
February 2020 October 2020 February 2020 October 2020 February 2020 October 2020 February 2020 October 2020
Professional Services (A) Manufacturing (C)Retail / Wholesale (B) Other (D)
Up more than 100%
Up 10% to 100%
Up less than 10%
Same as 2019
Down compared to
2019
-23pts -36pts -33pts -7pts
13
IMPACT OF COVID-19
n=500
Please rate how much you agree with eachof these statements
aboutthe effectof COVID-19 on your business:
• Over half of respondents agree their revenue will fall as a result of COVID-19
• Three in five are concerned about the ‘second wave’
32%
29%
17%
15%
13%
9%
9%
7%
7%
7%
6%
22%
31%
20%
21%
22%
17%
17%
15%
6%
15%
13%
My 2020 revenue will decline because of COVID-19
I am very concerned about a second wave of infections later
this fall / winter
The worst is behind us for my business
The federal government has helped my business cope with
COVID-19, for example through the PPP program
The worst is behind us for the U.S. economy
My business will emerge stronger because of COVID-19
My business will be permanently affected by COVID-19
My vendors / suppliers like my bank, payroll company, etc.
have helped my business cope with COVID-19
I don’t think my business will survive COVID-19
My state government has helped my business cope with
COVID-19
My town or city government has helped my business cope
with COVID-19
Agree strongly Agree somewhat
14
IMPACT OF COVID-19: COMPANY SIZE
n=500
Please rate how much you agree with eachof these statements
aboutthe effectof COVID-19 on your business:
• MBs are most concerned about a second wave of infections
• They are significantly more concerned about almost every effectof COVID-19 than their smaller peers
32%
29%
17%
15%
13%
9%
9%
7%
7%
7%
6%
My 2020 revenue will decline because of COVID-19
I am very concerned about a second wave of infections later
this fall / winter
The worst is behind us for my business
The federal government has helped my business cope with
COVID-19, for example through the PPP program
The worst is behind us for the U.S. economy
My business will emerge stronger because of COVID-19
My business will be permanently affected by COVID-19
My vendors / suppliers like my bank, payroll company, etc.
have helped my business cope with COVID-19
I don’t think my business will survive COVID-19
My state government has helped my business cope with
COVID-19
My town or city government has helped my business cope
with COVID-19
Agree strongly
VSBs
(A) 250n
SBs
(B) 150n
MBs
(C) 100n
32% 37% 41%
28% 32% 44%
16% 20% 35% (AB)
14% 22% 43% (AB)
13% 13% 30% (AB)
9% 20% (A) 41% (AB)
8% 19% (A) 35% (AB)
7% 15% (A) 38% (AB)
7% 12% 26% (AB)
6% 13% (A) 37% (AB)
6% 12% (A) 36% (AB)
37%
44% (A)
32%
15
EFFECT OF COVID-19
n=500
What effectdid the COVID-19 pandemichave on your business?
Selectall that apply.
• The biggesteffectof COVID-19on VSBs is lower demand;for SBs, to cut employee hours; for MBs, government mandates
• MBs are most likely to see some positive effectfrom COVID-19
39%
27%
22%
21%
16%
15%
14%
7%
7%
4%
3%
3%
8%
19%
Lower demand for our products or services
Had to reduce employee hours
Limited or reduced availability of supplies, raw material, etc.
Government-mandated closure or reduced operations
Had to furlough or lay off employees
Limited or reduced availability of employees / contractors
Reduced salaries and wages
Difficulty in transporting goods
Increased demand for our products or services
Increased employee hours
Increased salaries and wages
Hired more employees
Something else (please describe)
No effect
VSBs
(A) 250n
SBs
(B) 150n
MBs
(C) 100n
39% 38% (C) 21%
27% 39% 27%
22% 16% 19%
20% 24% 30%
16% 24% (A) 21%
15% 22% 27% (A)
14% 18% 20%
7% 15% (A) 16% (A)
7% 14% (A) 20% (A)
4% 10% (A) 20% (AB)
3% 9% (A) 21% (AB)
3% 7% 19% (AB)
8% 5% 2%
20% (C) 15% 10%
39% (A)
30%
39% (C)
• Remote work(9)
• Communicationswasa challenge
• First we had no business,
• Had to give discountsto clients.
• Limitingtravel
• More work from home
• Other companiesbeing totally laze
because of coronavirus
• Placed restrictionson travel.
• Shut down temporarily
• Temporarily closed all of our venues
• Working from home
• At first the quarantine slowedthings
a bit
• Deal with suppliersmore over the
phone than inperson
• Employeesworked from home
• Had to shut down for2 weeks
• Less traffic
• Not working in office created
problems
• Reduced timedue to homeschooling
• Rental incomelost
• Shut down fir awhile
• Suspension of grantsadministration
and support from clientswho have
lost strategic employeesthemselves
due to virus.
• Worked from home for a few weeks
16
EFFECT OF COVID-19: INDUSTRY
n=500
What effectdid the COVID-19 pandemichave on your business?
Selectall that apply.
• Retailers/Wholesalershave beenespeciallynegatively impacted
• Half of Manufacturers had seen reduced demand;a third have struggled to get supplies
39%
27%
22%
21%
16%
15%
14%
7%
7%
4%
3%
3%
8%
19%
Lower demand for our products or services
Had to reduce employee hours
Limited or reduced availability of supplies, raw material, etc.
Government-mandated closure or reduced operations
Had to furlough or lay off employees
Limited or reduced availability of employees / contractors
Reduced salaries and wages
Difficulty in transporting goods
Increased demand for our products or services
Increased employee hours
Increased salaries and wages
Hired more employees
Something else (please describe)
No effect
PS (A)
173n
RW (B)
165n
M (C)
105n
Other (D)
58n
34% 41% 49% 28%
24% 34% (AD) 29% (D) 14%
15% 24% (A) 34% (AD) 14%
19% 25% (C) 14% 24%
12% 22% (A) 14% 17%
17% 21% (C) 10% 7%
13% 19% 8% 17%
6% 10% 6% 4%
6% 6% 10% 7%
5% 4% 4% 0%
6% 1% 0% 7%
5% 3% 2% 4%
10% (B) 4% 6% 17% (BC)
23% 19% 14% 21%
41% 28%49% (AD)34%
• Remote work(9)
• Communicationswasa challenge
• First we had no business,
• Had to give discountsto clients.
• Limitingtravel
• More work from home
• Other companiesbeing totally laze
because of coronavirus
• Placed restrictionson travel.
• Shut down temporarily
• Temporarily closed all of our venues
• Working from home
• At first the quarantine slowedthings
a bit
• Deal with suppliersmore over the
phone than inperson
• Employeesworked from home
• Had to shut down for2 weeks
• Less traffic
• Not working in office created
problems
• Reduced timedue to homeschooling
• Rental incomelost
• Shut down fir awhile
• Suspension of grantsadministration
and support from clientswho have
lost strategic employeesthemselves
due to virus.
• Worked from home for a few weeks
17
BUSINESS PRIORITIES
n=484
• Interestingly,few respondents are putting a lower priority on any business challenge now than before COVID-19
• Economic uncertainty, customerretention/acquisitionand managing costs/cashflow are the biggeststressors ina COVID-19 economy
Much higher priority now Somewhat higher priority now Significantly
lower priority now
29%
29%
28%
27%
24%
20%
19%
17%
17%
15%
14%
13%
7%
11%
35%
30%
31%
31%
32%
18%
25%
22%
20%
17%
25%
17%
16%
24%
32%
35%
37%
35%
39%
51%
46%
54%
50%
53%
45%
56%
52%
55%
2%
3%
2%
4%
3%
3%
3%
2%
4%
3%
7%
8%
7%
4%
1%
2%
2%
3%
3%
2%
2%
1%
2%
2%
2%
3%
6%
3%
Coping with economic uncertainty
Retaining current customers
Managing costs
Finding new customers
Managing cash flow
Finding good employees
Retaining good employees
Keeping our data secure
Access to capital
Paying for health care
Developing new products and services
Dealing with competition
Coping with climate change
Complying with government and industry regulations
How has COVID-19 affectedyour businesspriorities?Please indicate whethereach of these business
objectives is a higher or lower priority now than it was at the start of the year
No change Significantly
lower priority now
18
RETURNING TO THE OFFICE
n=500
When will your full team return to your workplace(s)?
• The plurality of respondents have already returned to the workplace, especiallyamong VSBs and SBs
• MBs are most likely to return to the office later this year, or in the first half of next year
18%
34%
14%
17%
5%
2%
2%
6%
2%
We have always been fully remote / distributed
We already have
By the end of the year
In the first quarter of 2021
In the second quarter of 2021
In the second half of 2021
After 2021
Only when there is a vaccine
We don’t envision ever returning to a central workplace
VSBs
(A) 250n
SBs
(B) 150n
MBs
(C) 100n
18% 13% 15%
34% 32% 14%
14% 23% (A) 23%
17% 13% 22%
5% 6% 20% (AB)
2% 2% 0%
2% 1% 2%
6% 7% 4%
2% 2% 0%
32% (C)
23% (A)
34% (C)
19
RETURNING TO THE OFFICE: INDUSTRY
n=500
When will your full team return to your workplace(s)?
• Half of Manufacturers are already back at the workplace
• ProfessionalServices firms are mostlikely to delay a return to the office
18%
34%
14%
17%
5%
2%
2%
6%
2%
We have always been fully remote / distributed
We already have
By the end of the year
In the first quarter of 2021
In the second quarter of 2021
In the second half of 2021
After 2021
Only when there is a vaccine
We don’t envision ever returning to a central workplace
PS (A)
153n
RW (B)
161n
M (C)
113n
Other (D)
73n
15% 20% 21% 19%
23% 36% 48% 30%
12% 15% 15% 13%
29% 15% 9% 8%
7% 4% 2% 11% (BC)
3% 2% 2% 3%
4% 1% 0% 3%
5% 7% 4% 5%
4% (B) 0% 0% 8% (BC)
36% (A)
29% (BCD)
48% (ABD) 30%
20
STAFFING CHANGES
n=500
How has your staffing changed in light of COVID-19?
• While net staffing has decreased overall, it has decreased leastamong MBs
6%
12%
7% 5%
9%
5% 5%
12% 9%
23%
9%
15%
26%
10%
11%
33% 17%
(A)
20%
(B)
54%
(C)
46%
(C) 39%
48%
(C)
47%
(C) 49%
35%
32%
37%
5%
9%
5%
9%
14%
8%
7%
21%
(A)
16%
(AB)
4%
4%
3%
11%
(A)
9%
9%
(A)
20%
(A)
13%
(A)
12%
(A)
Full-time Part-time Contract Full-time Part-time Contract Full-time Part-time Contract
VSBs (A) SBs (B) MBs (C)
Increased significantly
Increased somewhat
No change
Decreased somewhat
Decreased significantly
21
HOW VENDORS CAN HELP
n=500
What could vendors like your bank,payrollservice provider,creditcard
company or tech companiesdo to help you to better managethe adverse
effects of the COVID-19 pandemic on your business? Selectall that apply.
• VSBs and SBs mostwant discounts or fee waivers; MBs, business management advice
• There is also strong interest in help with business promotion
55%
30%
24%
20%
15%
Provide discounts or fee waivers
Help me promote my business
Provide free trials
Provide business management tips and advice, e.g. articles
and videos
Something else (please describe)
VSBs
(A) 250n
SBs
(B) 150n
MBs
(C) 100n
55% 58% 48%
30% 37% 44% (A)
24% 27% 30%
20% 35% (A) 52%
15% (B) 5% 3%
58%
52% (AB)
55%
• Answer emailsin a timely fashion
• Because of the nature of my
business, there isnothing they could
do.
• Defer payments
• Do their jobs
• Go back to normal
• Just get back to normal operations
and stop thisoverhyped democratic
bullshit.
• Make credit easier
• Nothing - we are operatingas
normal with small modifications
• Send Clintonsto prison
• Thisis entirely my problem and I
can't envision any of those entities
helping thesituation.
• Be there if I do have a problem
• Give me money
• Helped small businesses
• Hire people to helpinsteadof going
electronic
• Put pressure on politiciansto get out
of the way
• Send me more customers
• Updateson financial trends
• We don't use vendorsin our
business.
22
HELPFUL VENDORS
Is there any companythathas, or companies thathave, been particularly helpfulto your business in light of COVID-19,
or any companieswhoseCOVID-19responsehas been particularlyimpressive or helpful? If so, which one(s),and why?
(abridged)
• AARP
• Accenture, they have presented us very
detailed plans on dealing w ith all the virus
issues
• Amazon (6)
• Amazon markets
• Amazon ...the country runs on amazon
• Amazon for supplies
• Amazon has been consistent w ith the
service it provides during the pandemic
• Amazon has really helped
• Amazon. Shipments w ere not lost
• Amazon. they help me very w ell
• Amazon, supplying us w ith materials w hen
needed
• American Express (3)
• American Express because they redid a
payment schedule
• Amica and United Healthcare
• Bank of America (4)
• Bank of America has approved a small
loan for my company
• Bank of America has been good about
w aiving fees and offering sound advice.
• Bank of America has been very helpful to
my business.
• BB&T has offered to defer payments,
things like that.
• BCBS gave a COVID-19 discount to my
healthcare bill
• Best Buy. They have been great as a
supplier and a vendor in supporting not
only our business but, their employees as
w ell
• Bortz Hardw are actually had people help
us install plexiglass in our offices.
• Capital Group has extended tw ice a
deadline for my clients and that has really
helped me to show that they care
• Charles Schw ab has been very helpful in
giving me guidance during the pandemic
on investments. Humana Health
Insurance has been helpful in giving us
guidance on w ays to stay healthy.
• Chase has helped in the application of the
Paycheck Protection Loan. It has also
increased our line of credit, it has also
deferred some payments due during this
current pandemic.
• Chase Bank (3)
• Chase Bank has stayed open for us
• Chase has been a lifeline because they
aided us in the PPP. We w ere able to get
in early due to their quick action on the
paperw ork and the submittal.
• Chase- our bank/loaner of choice...has
helped w ith fees, interest rates, payment
schedules.
• CPA firm
• Electric company offering low er rates
during peak ours of usage
• Fidelity
• First Citizens Bank helped in acquiring
PPP loan
• First Haw aiian Bank
• First Republic Bank
• Frost Bank
• Google (3)
• HEB has helped me find supplies w hen
this all started
• Home Depot keeping supplies in stock
and delivering them to site
• Home Trust and Savings Bank, financing
w hen needed
• Isabella Bank
• Local business ow ners have come
together and helped one another
• Local suppliers of parts and equipment to
my shop have been invaluable as w ell as
an excellent source for PPE supplies
• Met Life
• Microsoft helps us
• Microsoft significantly increase their
revenue
• My bank has been very helpful because
they helped me w ith my financial needs
and have provided me w ith loans
• My bank sought me out for PPP loan
• My bank helped me apply for the PPP
loan
• My franchisor: Liberty Tax Service. They
have supplied the tools necessary to
survive and eve thrive during this trying
period. One example is providing the
softw are to process a tax return remotely
w ith virtual contact w ith a client.
• My general liability insurance firm
• My local bank has been very supportive
and helpful.
• Our bank expedited our PPP loan
application. Great follow up
communication as w ell.
• Our private landlord w aived some rent
• PayPal offered a range of helpful financial
advice and resources and financing
• PNC Bank (2)
• PNC Bank helped me thru the PPP
program very w ell
• QuickBooks has been helpful
• Regions Bank
• Safeco Insurance has been excellent on
customer payments
• Sage
• SSBT Bank. Flexible w ith payments
• State Farm
• TD Bank
• U.S. Government permitting us my
contracted staffing to w orkfrom home on
their behalf.
• USAA
• Verizon has put on a massive effort to
help its small business customers survive
Covid-19. They brought forth many expert
advisors, gave aw ay data usage, and
aided in formulating business plans to get
through.
• Walmart
• Wells Fargo (3)
23
CONTENT USAGE DURING COVID-19
n=500
How, if at all, has your use of businessmanagementtips and advice
from vendorschanged in light of the COVID-19 pandemic?
• While net content consumptionhas increased overall, the increase grows significantly with headcount
4%10%
75%
7%4%
Increased significantly
Increased somewhat
Hasn’t really changed
Decreased somewhat
Decreased significantly
4%
10%
76%
(BC)
7%
4% 13%
(A)
21%
(A)
53%
(C)
7%
5%
40%
(AB)
30%
(A)
25%
3%2%
VSBs (A) SBs (B) MBs (C)
14% Increased 35% Increased 70% Increased
11% Decreased 13% Decreased 5% Decreased
24
CONTENT USAGE DURING COVID-19: RESPONDENT AGE
n=500
How, if at all, has your use of businessmanagementtips and advice
from vendorschanged in light of the COVID-19 pandemic?
• Younger entrepreneurs are driving the increase in content consumption
4%10%
75%
7%4%
Increased significantly
Increased somewhat
Hasn’t really changed
Decreased somewhat
Decreased significantly
19%
(BC)
32%
(BC)
40%
5%4% 4%
8%
73%
(A)
11%
4% 2% 8%
80%
(A)
6% 4%
Gen Z + Millennials
(A)
Gen X
(B)
Boomers + Silent Generation
(C)
51% Increased 12% Increased 10% Increased
9% Decreased 15% Decreased 10% Decreased
Easy to understand
Clear that the writer understands
small and mid-sized businesses
Clearly explains product /
service benefits
Describes how companies in my industry have
benefitted from their offerings
Describes how companies my size
have benefited from their offerings
Doesn’t do a hard sell
In a format I preferIncludes a compelling special offer,
promotion or discount
Includes an interview
with an expert
Includes an interview with
other business owners
Includes photos of people
who look like me
Provides actionable advice
Provides in-depth advice
Provides valuable business
management tips and advice
Reflects current business conditions
/ the current economic climate
10%
15%
20%
25%
30%
35%
40%
10% 20% 30% 40% 50% 60% 70%
25
CONTENT IMPORTANCE VS. PERFORMANCE
n=500
• On a relative basis,content most‘overperforms’on SME interviews and case studies and ‘underperforms’on current conditions
Performance outweighs importance
Importance outweighs performance
Performance gap
Importance (% rated ‘very important’)
Performance(%rated‘verygood’)
26
IMPACT OF ADVISORY CONTENT
n=500
In general,does vendor businessmanagement
tips and advice make you more likely to:
• Overall, content is most likely to improve brand perception
• The effectof content generally increases with company size; content makes MBs especiallylikely to consume additional content
64%
62%
56%
53%
48%
43%
Think favorably of that vendor
Remain a customer of that vendor
Read / watch more of that vendor’s
business management advice
Become a customer of that vendor
Make an additional purchase from
that vendor
Subscribe to their email newsletter,
or follow them on social media
VSBs
(A) 250n
SBs
(B) 150n
MBs
(C) 100n
64% 70% 75% (A)
62% 68% 77% (A)
56% 61% 85%
52% 61% 76% (AB)
48% 59% (A) 73% (AB)
42% 53% (A) 76% (AB)
70%
85% (AB)
64%
% Yes
27
IMPACT OF CONTENT ON PURCHASE
n=500
Have you boughtfrom or become a customer of a companybecause oftheir
business managementtips and advice?
• Content can be an effective purchase motivator
• The effectof content on purchase increases strongly with company size
4
%
10
%
Yes
No
32%
68%
(BC)
45%
(A)
55%
(C)
67%
(AB)
33%
VSBs (A) SBs (B) MBs (C)
Research
• Product / go-to-market strategy / CE / NPS
• Persona / buyer journey
• Original data for standout content and PR
Strategy
• Content strategy
• Creative brief / ed cal
Content
• Original content development
• Exclusive SMB focus
28
HOW BREDIN CAN HELP
Stu Richards, CEO
stu@bredin.com
Work with the experts in SMB insight and engagement
THANK YOU

More Related Content

What's hot

Ivy worldwide - Six secrets to selling to SMB
Ivy worldwide - Six secrets to selling to SMBIvy worldwide - Six secrets to selling to SMB
Ivy worldwide - Six secrets to selling to SMBNick White
 
SMB Purchase Motivators
SMB Purchase MotivatorsSMB Purchase Motivators
SMB Purchase Motivators
Bredin, Inc.
 
SMB Market Overview
SMB Market OverviewSMB Market Overview
SMB Market Overview
Bredin, Inc.
 
SMB Business Outlook and Spending Plans
SMB Business Outlook and Spending PlansSMB Business Outlook and Spending Plans
SMB Business Outlook and Spending Plans
Bredin, Inc.
 
Báo cáo xu hướng kinh doanh cho các SMBs
Báo cáo xu hướng kinh doanh cho các SMBs Báo cáo xu hướng kinh doanh cho các SMBs
Báo cáo xu hướng kinh doanh cho các SMBs
MarketingTrips
 
Videos, Podcasts, and the SMB Buyer
Videos, Podcasts, and the SMB BuyerVideos, Podcasts, and the SMB Buyer
Videos, Podcasts, and the SMB Buyer
Bredin, Inc.
 
The CMO Survey Highlights and Insights Report - June 2020
The CMO Survey Highlights and Insights Report - June 2020The CMO Survey Highlights and Insights Report - June 2020
The CMO Survey Highlights and Insights Report - June 2020
christinemoorman
 
The CMO Survey - Highlights and Insights Report - February 2021
The CMO Survey - Highlights and Insights Report - February 2021The CMO Survey - Highlights and Insights Report - February 2021
The CMO Survey - Highlights and Insights Report - February 2021
christinemoorman
 
CMO Survey Highlights and Insights: February 2009
CMO Survey Highlights and Insights: February 2009CMO Survey Highlights and Insights: February 2009
CMO Survey Highlights and Insights: February 2009
FuquaMarketing
 
2018 Google and Facebook Cost Per Lead - Cost Per Acquisition by Channel and ...
2018 Google and Facebook Cost Per Lead - Cost Per Acquisition by Channel and ...2018 Google and Facebook Cost Per Lead - Cost Per Acquisition by Channel and ...
2018 Google and Facebook Cost Per Lead - Cost Per Acquisition by Channel and ...
Chatter Buzz
 
Engaging SMBs with Email Newsletters
Engaging SMBs with Email NewslettersEngaging SMBs with Email Newsletters
Engaging SMBs with Email Newsletters
Bredin, Inc.
 
2015_Email_Marketing_Metrics_Benchmark_Study
2015_Email_Marketing_Metrics_Benchmark_Study2015_Email_Marketing_Metrics_Benchmark_Study
2015_Email_Marketing_Metrics_Benchmark_StudyKym Wallis
 
Email-Marketing-Metrics-Benchmark-Study-2015-Silverpop
Email-Marketing-Metrics-Benchmark-Study-2015-SilverpopEmail-Marketing-Metrics-Benchmark-Study-2015-Silverpop
Email-Marketing-Metrics-Benchmark-Study-2015-SilverpopTyler Furnari
 
Adobe Personalization 2020 Survey​ of Consumers and Marketers
Adobe Personalization 2020 Survey​ of Consumers and MarketersAdobe Personalization 2020 Survey​ of Consumers and Marketers
Adobe Personalization 2020 Survey​ of Consumers and Marketers
Adobe
 
Stateofthe cio 2022 sample slides
Stateofthe cio 2022 sample slides Stateofthe cio 2022 sample slides
Stateofthe cio 2022 sample slides
IDG
 
Improving the Small Business Customer Experience
Improving the Small Business Customer ExperienceImproving the Small Business Customer Experience
Improving the Small Business Customer Experience
Bredin, Inc.
 
2019 Certify T&E Management Trends Webinar
2019 Certify T&E Management Trends Webinar2019 Certify T&E Management Trends Webinar
2019 Certify T&E Management Trends Webinar
Ashley Emery
 
The Cmo Survey Highlights And Insights, February 2010
The Cmo Survey Highlights And Insights, February 2010The Cmo Survey Highlights And Insights, February 2010
The Cmo Survey Highlights And Insights, February 2010
pyrographic
 
Overview of M&A, 2016
Overview of M&A, 2016Overview of M&A, 2016
Overview of M&A, 2016
McKinsey & Company
 
Stifel Internet Research - The Long Runway to Solving Consumer Problems
Stifel Internet Research - The Long Runway to Solving Consumer ProblemsStifel Internet Research - The Long Runway to Solving Consumer Problems
Stifel Internet Research - The Long Runway to Solving Consumer Problems
Scott Devitt
 

What's hot (20)

Ivy worldwide - Six secrets to selling to SMB
Ivy worldwide - Six secrets to selling to SMBIvy worldwide - Six secrets to selling to SMB
Ivy worldwide - Six secrets to selling to SMB
 
SMB Purchase Motivators
SMB Purchase MotivatorsSMB Purchase Motivators
SMB Purchase Motivators
 
SMB Market Overview
SMB Market OverviewSMB Market Overview
SMB Market Overview
 
SMB Business Outlook and Spending Plans
SMB Business Outlook and Spending PlansSMB Business Outlook and Spending Plans
SMB Business Outlook and Spending Plans
 
Báo cáo xu hướng kinh doanh cho các SMBs
Báo cáo xu hướng kinh doanh cho các SMBs Báo cáo xu hướng kinh doanh cho các SMBs
Báo cáo xu hướng kinh doanh cho các SMBs
 
Videos, Podcasts, and the SMB Buyer
Videos, Podcasts, and the SMB BuyerVideos, Podcasts, and the SMB Buyer
Videos, Podcasts, and the SMB Buyer
 
The CMO Survey Highlights and Insights Report - June 2020
The CMO Survey Highlights and Insights Report - June 2020The CMO Survey Highlights and Insights Report - June 2020
The CMO Survey Highlights and Insights Report - June 2020
 
The CMO Survey - Highlights and Insights Report - February 2021
The CMO Survey - Highlights and Insights Report - February 2021The CMO Survey - Highlights and Insights Report - February 2021
The CMO Survey - Highlights and Insights Report - February 2021
 
CMO Survey Highlights and Insights: February 2009
CMO Survey Highlights and Insights: February 2009CMO Survey Highlights and Insights: February 2009
CMO Survey Highlights and Insights: February 2009
 
2018 Google and Facebook Cost Per Lead - Cost Per Acquisition by Channel and ...
2018 Google and Facebook Cost Per Lead - Cost Per Acquisition by Channel and ...2018 Google and Facebook Cost Per Lead - Cost Per Acquisition by Channel and ...
2018 Google and Facebook Cost Per Lead - Cost Per Acquisition by Channel and ...
 
Engaging SMBs with Email Newsletters
Engaging SMBs with Email NewslettersEngaging SMBs with Email Newsletters
Engaging SMBs with Email Newsletters
 
2015_Email_Marketing_Metrics_Benchmark_Study
2015_Email_Marketing_Metrics_Benchmark_Study2015_Email_Marketing_Metrics_Benchmark_Study
2015_Email_Marketing_Metrics_Benchmark_Study
 
Email-Marketing-Metrics-Benchmark-Study-2015-Silverpop
Email-Marketing-Metrics-Benchmark-Study-2015-SilverpopEmail-Marketing-Metrics-Benchmark-Study-2015-Silverpop
Email-Marketing-Metrics-Benchmark-Study-2015-Silverpop
 
Adobe Personalization 2020 Survey​ of Consumers and Marketers
Adobe Personalization 2020 Survey​ of Consumers and MarketersAdobe Personalization 2020 Survey​ of Consumers and Marketers
Adobe Personalization 2020 Survey​ of Consumers and Marketers
 
Stateofthe cio 2022 sample slides
Stateofthe cio 2022 sample slides Stateofthe cio 2022 sample slides
Stateofthe cio 2022 sample slides
 
Improving the Small Business Customer Experience
Improving the Small Business Customer ExperienceImproving the Small Business Customer Experience
Improving the Small Business Customer Experience
 
2019 Certify T&E Management Trends Webinar
2019 Certify T&E Management Trends Webinar2019 Certify T&E Management Trends Webinar
2019 Certify T&E Management Trends Webinar
 
The Cmo Survey Highlights And Insights, February 2010
The Cmo Survey Highlights And Insights, February 2010The Cmo Survey Highlights And Insights, February 2010
The Cmo Survey Highlights And Insights, February 2010
 
Overview of M&A, 2016
Overview of M&A, 2016Overview of M&A, 2016
Overview of M&A, 2016
 
Stifel Internet Research - The Long Runway to Solving Consumer Problems
Stifel Internet Research - The Long Runway to Solving Consumer ProblemsStifel Internet Research - The Long Runway to Solving Consumer Problems
Stifel Internet Research - The Long Runway to Solving Consumer Problems
 

Similar to How to Support and Engage SMBs During COVID-19

Capturing the Attention of SMBs
Capturing the Attention of SMBsCapturing the Attention of SMBs
Capturing the Attention of SMBs
Bredin, Inc.
 
SMB Business Outlook and Spending Plans
SMB Business Outlook and Spending PlansSMB Business Outlook and Spending Plans
SMB Business Outlook and Spending Plans
Bredin, Inc.
 
The State of Hospitality Staffing 2023
The State of Hospitality Staffing 2023The State of Hospitality Staffing 2023
The State of Hospitality Staffing 2023
Michael Lenz
 
GoDaddy 2020 Global Entepreneurship Survey
GoDaddy 2020 Global Entepreneurship SurveyGoDaddy 2020 Global Entepreneurship Survey
GoDaddy 2020 Global Entepreneurship Survey
GoDaddy
 
Top 11 public saa s companies covid risks in 2020
Top 11 public saa s companies covid risks in 2020Top 11 public saa s companies covid risks in 2020
Top 11 public saa s companies covid risks in 2020
ThiyagaRajan Maruthavanan (Rajan)
 
Emerging Trends in Channel Incentive Programs
Emerging Trends in Channel Incentive ProgramsEmerging Trends in Channel Incentive Programs
Emerging Trends in Channel Incentive Programs
CCI - An E2open Company
 
Overit Consumer Confidence Survey
Overit Consumer Confidence SurveyOverit Consumer Confidence Survey
Overit Consumer Confidence Survey
Overit Media
 
SaaS Sales Compensation Survey 2020
SaaS Sales Compensation Survey 2020SaaS Sales Compensation Survey 2020
SaaS Sales Compensation Survey 2020
Viola Group
 
Manufacturing & Distribution Update: The Economic Impact on the Industry
Manufacturing & Distribution Update: The Economic Impact on the IndustryManufacturing & Distribution Update: The Economic Impact on the Industry
Manufacturing & Distribution Update: The Economic Impact on the Industry
Citrin Cooperman
 
The Voice of Australia 2016
The Voice of Australia 2016The Voice of Australia 2016
The Voice of Australia 2016
Bentleys (WA) Pty Ltd
 
ERC-BEIS Longitudinal Small Business Survey Dissemination Event Slides
ERC-BEIS Longitudinal Small Business Survey Dissemination Event  Slides ERC-BEIS Longitudinal Small Business Survey Dissemination Event  Slides
ERC-BEIS Longitudinal Small Business Survey Dissemination Event Slides
enterpriseresearchcentre
 
ERC-BEIS Longitudinal Small Business Survey Dissemination Event
ERC-BEIS Longitudinal Small Business Survey Dissemination EventERC-BEIS Longitudinal Small Business Survey Dissemination Event
ERC-BEIS Longitudinal Small Business Survey Dissemination Event
enterpriseresearchcentre
 
SMB Hiring Outlook and Preferences
SMB Hiring Outlook and PreferencesSMB Hiring Outlook and Preferences
SMB Hiring Outlook and Preferences
Bredin, Inc.
 
Investing_in_2023_and_Beyond_(Savita).pdf
Investing_in_2023_and_Beyond_(Savita).pdfInvesting_in_2023_and_Beyond_(Savita).pdf
Investing_in_2023_and_Beyond_(Savita).pdf
Kevin Jessop
 
Emerging B2C Digital Marketing Trends with a Focus on Video by Richard V. Duc...
Emerging B2C Digital Marketing Trends with a Focus on Video by Richard V. Duc...Emerging B2C Digital Marketing Trends with a Focus on Video by Richard V. Duc...
Emerging B2C Digital Marketing Trends with a Focus on Video by Richard V. Duc...
multifamily-social-media
 
Engaging SMBs with Email Newsletters
Engaging SMBs with Email NewslettersEngaging SMBs with Email Newsletters
Engaging SMBs with Email Newsletters
Bredin, Inc.
 
Project Risk Assessment Powerpoint Presentation Slides
Project Risk Assessment Powerpoint Presentation SlidesProject Risk Assessment Powerpoint Presentation Slides
Project Risk Assessment Powerpoint Presentation Slides
SlideTeam
 
Patrick Campbell- 2019 APPEALIE SaaS Conference Featured Speaker
Patrick Campbell- 2019 APPEALIE SaaS Conference Featured SpeakerPatrick Campbell- 2019 APPEALIE SaaS Conference Featured Speaker
Patrick Campbell- 2019 APPEALIE SaaS Conference Featured Speaker
APPEALIE - SaaS Awards
 
Improving the Small Business Customer Experience
Improving the Small Business Customer ExperienceImproving the Small Business Customer Experience
Improving the Small Business Customer Experience
Bredin, Inc.
 
One Stop Cooling and Heating Market Research Package
One Stop Cooling and Heating Market Research PackageOne Stop Cooling and Heating Market Research Package
One Stop Cooling and Heating Market Research PackageJose Valderrama
 

Similar to How to Support and Engage SMBs During COVID-19 (20)

Capturing the Attention of SMBs
Capturing the Attention of SMBsCapturing the Attention of SMBs
Capturing the Attention of SMBs
 
SMB Business Outlook and Spending Plans
SMB Business Outlook and Spending PlansSMB Business Outlook and Spending Plans
SMB Business Outlook and Spending Plans
 
The State of Hospitality Staffing 2023
The State of Hospitality Staffing 2023The State of Hospitality Staffing 2023
The State of Hospitality Staffing 2023
 
GoDaddy 2020 Global Entepreneurship Survey
GoDaddy 2020 Global Entepreneurship SurveyGoDaddy 2020 Global Entepreneurship Survey
GoDaddy 2020 Global Entepreneurship Survey
 
Top 11 public saa s companies covid risks in 2020
Top 11 public saa s companies covid risks in 2020Top 11 public saa s companies covid risks in 2020
Top 11 public saa s companies covid risks in 2020
 
Emerging Trends in Channel Incentive Programs
Emerging Trends in Channel Incentive ProgramsEmerging Trends in Channel Incentive Programs
Emerging Trends in Channel Incentive Programs
 
Overit Consumer Confidence Survey
Overit Consumer Confidence SurveyOverit Consumer Confidence Survey
Overit Consumer Confidence Survey
 
SaaS Sales Compensation Survey 2020
SaaS Sales Compensation Survey 2020SaaS Sales Compensation Survey 2020
SaaS Sales Compensation Survey 2020
 
Manufacturing & Distribution Update: The Economic Impact on the Industry
Manufacturing & Distribution Update: The Economic Impact on the IndustryManufacturing & Distribution Update: The Economic Impact on the Industry
Manufacturing & Distribution Update: The Economic Impact on the Industry
 
The Voice of Australia 2016
The Voice of Australia 2016The Voice of Australia 2016
The Voice of Australia 2016
 
ERC-BEIS Longitudinal Small Business Survey Dissemination Event Slides
ERC-BEIS Longitudinal Small Business Survey Dissemination Event  Slides ERC-BEIS Longitudinal Small Business Survey Dissemination Event  Slides
ERC-BEIS Longitudinal Small Business Survey Dissemination Event Slides
 
ERC-BEIS Longitudinal Small Business Survey Dissemination Event
ERC-BEIS Longitudinal Small Business Survey Dissemination EventERC-BEIS Longitudinal Small Business Survey Dissemination Event
ERC-BEIS Longitudinal Small Business Survey Dissemination Event
 
SMB Hiring Outlook and Preferences
SMB Hiring Outlook and PreferencesSMB Hiring Outlook and Preferences
SMB Hiring Outlook and Preferences
 
Investing_in_2023_and_Beyond_(Savita).pdf
Investing_in_2023_and_Beyond_(Savita).pdfInvesting_in_2023_and_Beyond_(Savita).pdf
Investing_in_2023_and_Beyond_(Savita).pdf
 
Emerging B2C Digital Marketing Trends with a Focus on Video by Richard V. Duc...
Emerging B2C Digital Marketing Trends with a Focus on Video by Richard V. Duc...Emerging B2C Digital Marketing Trends with a Focus on Video by Richard V. Duc...
Emerging B2C Digital Marketing Trends with a Focus on Video by Richard V. Duc...
 
Engaging SMBs with Email Newsletters
Engaging SMBs with Email NewslettersEngaging SMBs with Email Newsletters
Engaging SMBs with Email Newsletters
 
Project Risk Assessment Powerpoint Presentation Slides
Project Risk Assessment Powerpoint Presentation SlidesProject Risk Assessment Powerpoint Presentation Slides
Project Risk Assessment Powerpoint Presentation Slides
 
Patrick Campbell- 2019 APPEALIE SaaS Conference Featured Speaker
Patrick Campbell- 2019 APPEALIE SaaS Conference Featured SpeakerPatrick Campbell- 2019 APPEALIE SaaS Conference Featured Speaker
Patrick Campbell- 2019 APPEALIE SaaS Conference Featured Speaker
 
Improving the Small Business Customer Experience
Improving the Small Business Customer ExperienceImproving the Small Business Customer Experience
Improving the Small Business Customer Experience
 
One Stop Cooling and Heating Market Research Package
One Stop Cooling and Heating Market Research PackageOne Stop Cooling and Heating Market Research Package
One Stop Cooling and Heating Market Research Package
 

More from Bredin, Inc.

Generating and Qualifying Inbound SMB Leads
Generating and Qualifying Inbound SMB LeadsGenerating and Qualifying Inbound SMB Leads
Generating and Qualifying Inbound SMB Leads
Bredin, Inc.
 
How SMBs Research Applications and Other Tech
How SMBs Research Applications and Other TechHow SMBs Research Applications and Other Tech
How SMBs Research Applications and Other Tech
Bredin, Inc.
 
Selling Tech to SMBs
Selling Tech to SMBsSelling Tech to SMBs
Selling Tech to SMBs
Bredin, Inc.
 
How Much Do Influencers Influence SMBs?
How Much Do Influencers Influence SMBs?How Much Do Influencers Influence SMBs?
How Much Do Influencers Influence SMBs?
Bredin, Inc.
 
Selling the Cloud to SMBs
Selling the Cloud to SMBsSelling the Cloud to SMBs
Selling the Cloud to SMBs
Bredin, Inc.
 
Supporting Your SMB Sales Team with Content
Supporting Your SMB Sales Team with ContentSupporting Your SMB Sales Team with Content
Supporting Your SMB Sales Team with Content
Bredin, Inc.
 
Bredin Fastcast: Supporting Your SMB Sales Team with Content
Bredin Fastcast: Supporting Your SMB Sales Team with ContentBredin Fastcast: Supporting Your SMB Sales Team with Content
Bredin Fastcast: Supporting Your SMB Sales Team with Content
Bredin, Inc.
 
Bredin Fastcast: Getting SMBs to Share Your Content
Bredin Fastcast: Getting SMBs to Share Your ContentBredin Fastcast: Getting SMBs to Share Your Content
Bredin Fastcast: Getting SMBs to Share Your Content
Bredin, Inc.
 
Bredin Fastcast: Selling Telecoms Services to SMBs
Bredin Fastcast: Selling Telecoms Services to SMBsBredin Fastcast: Selling Telecoms Services to SMBs
Bredin Fastcast: Selling Telecoms Services to SMBs
Bredin, Inc.
 
Bredin Fastcast: Selling Tech to SMBs
Bredin Fastcast: Selling Tech to SMBsBredin Fastcast: Selling Tech to SMBs
Bredin Fastcast: Selling Tech to SMBs
Bredin, Inc.
 
Banking and Millennial Entrepreneurs
Banking and Millennial EntrepreneursBanking and Millennial Entrepreneurs
Banking and Millennial Entrepreneurs
Bredin, Inc.
 

More from Bredin, Inc. (11)

Generating and Qualifying Inbound SMB Leads
Generating and Qualifying Inbound SMB LeadsGenerating and Qualifying Inbound SMB Leads
Generating and Qualifying Inbound SMB Leads
 
How SMBs Research Applications and Other Tech
How SMBs Research Applications and Other TechHow SMBs Research Applications and Other Tech
How SMBs Research Applications and Other Tech
 
Selling Tech to SMBs
Selling Tech to SMBsSelling Tech to SMBs
Selling Tech to SMBs
 
How Much Do Influencers Influence SMBs?
How Much Do Influencers Influence SMBs?How Much Do Influencers Influence SMBs?
How Much Do Influencers Influence SMBs?
 
Selling the Cloud to SMBs
Selling the Cloud to SMBsSelling the Cloud to SMBs
Selling the Cloud to SMBs
 
Supporting Your SMB Sales Team with Content
Supporting Your SMB Sales Team with ContentSupporting Your SMB Sales Team with Content
Supporting Your SMB Sales Team with Content
 
Bredin Fastcast: Supporting Your SMB Sales Team with Content
Bredin Fastcast: Supporting Your SMB Sales Team with ContentBredin Fastcast: Supporting Your SMB Sales Team with Content
Bredin Fastcast: Supporting Your SMB Sales Team with Content
 
Bredin Fastcast: Getting SMBs to Share Your Content
Bredin Fastcast: Getting SMBs to Share Your ContentBredin Fastcast: Getting SMBs to Share Your Content
Bredin Fastcast: Getting SMBs to Share Your Content
 
Bredin Fastcast: Selling Telecoms Services to SMBs
Bredin Fastcast: Selling Telecoms Services to SMBsBredin Fastcast: Selling Telecoms Services to SMBs
Bredin Fastcast: Selling Telecoms Services to SMBs
 
Bredin Fastcast: Selling Tech to SMBs
Bredin Fastcast: Selling Tech to SMBsBredin Fastcast: Selling Tech to SMBs
Bredin Fastcast: Selling Tech to SMBs
 
Banking and Millennial Entrepreneurs
Banking and Millennial EntrepreneursBanking and Millennial Entrepreneurs
Banking and Millennial Entrepreneurs
 

Recently uploaded

Mastering Multi-Touchpoint Content Strategy: Navigate Fragmented User Journeys
Mastering Multi-Touchpoint Content Strategy: Navigate Fragmented User JourneysMastering Multi-Touchpoint Content Strategy: Navigate Fragmented User Journeys
Mastering Multi-Touchpoint Content Strategy: Navigate Fragmented User Journeys
Search Engine Journal
 
5 Big Bets for 2024 - Jamie A. Lee, Stripes Co
5 Big Bets for 2024 - Jamie A. Lee, Stripes Co5 Big Bets for 2024 - Jamie A. Lee, Stripes Co
DMF Portfolio Piece Smart Goals - Artist Management.docx
DMF Portfolio Piece Smart Goals - Artist Management.docxDMF Portfolio Piece Smart Goals - Artist Management.docx
DMF Portfolio Piece Smart Goals - Artist Management.docx
TravisMalana
 
Top digital marketing institutein noida
Top digital marketing institutein noidaTop digital marketing institutein noida
Top digital marketing institutein noida
aditisingh6607
 
10 Videos Any Business Can Make Right Now! - Shelly Nathan
10 Videos Any Business Can Make Right Now! - Shelly Nathan10 Videos Any Business Can Make Right Now! - Shelly Nathan
10 Videos Any Business Can Make Right Now! - Shelly Nathan
DigiMarCon - Digital Marketing, Media and Advertising Conferences & Exhibitions
 
34-Rahul-Mande.pdf PROJECT REPORT MBA 4TH SEMESTER
34-Rahul-Mande.pdf PROJECT REPORT MBA 4TH SEMESTER34-Rahul-Mande.pdf PROJECT REPORT MBA 4TH SEMESTER
34-Rahul-Mande.pdf PROJECT REPORT MBA 4TH SEMESTER
DeepakTripathi733493
 
Playlist and Paint Event with Sony Music U
Playlist and Paint Event with Sony Music UPlaylist and Paint Event with Sony Music U
Playlist and Paint Event with Sony Music U
SemajahParker
 
Top 3 Ways to Align Sales and Marketing Teams for Rapid Growth
Top 3 Ways to Align Sales and Marketing Teams for Rapid GrowthTop 3 Ways to Align Sales and Marketing Teams for Rapid Growth
Top 3 Ways to Align Sales and Marketing Teams for Rapid Growth
Demandbase
 
How to use Short Form Video To Grow Your Brand and Business - Keenya Kelly
How to use Short Form Video To Grow Your Brand and Business - Keenya KellyHow to use Short Form Video To Grow Your Brand and Business - Keenya Kelly
How to use Short Form Video To Grow Your Brand and Business - Keenya Kelly
DigiMarCon - Digital Marketing, Media and Advertising Conferences & Exhibitions
 
ThinkNow 2024 Consumer Financial Wellness Report
ThinkNow 2024 Consumer Financial Wellness ReportThinkNow 2024 Consumer Financial Wellness Report
ThinkNow 2024 Consumer Financial Wellness Report
ThinkNow
 
Marketing as a Primary Revenue Driver - Lee Levitt
Marketing as a Primary Revenue Driver - Lee LevittMarketing as a Primary Revenue Driver - Lee Levitt
Turn Digital Reputation Threats into Offense Tactics - Daniel Lemin
Turn Digital Reputation Threats into Offense Tactics - Daniel LeminTurn Digital Reputation Threats into Offense Tactics - Daniel Lemin
Turn Digital Reputation Threats into Offense Tactics - Daniel Lemin
DigiMarCon - Digital Marketing, Media and Advertising Conferences & Exhibitions
 
My Personal Brand Exploration by Mariano
My Personal Brand Exploration by MarianoMy Personal Brand Exploration by Mariano
My Personal Brand Exploration by Mariano
marianooscos
 
Digital Marketing Trends - Experts Insights on How to Gain a Competitive Edge
Digital Marketing Trends - Experts Insights on How to Gain a Competitive EdgeDigital Marketing Trends - Experts Insights on How to Gain a Competitive Edge
Digital Marketing Trends - Experts Insights on How to Gain a Competitive Edge
DigiMarCon - Digital Marketing, Media and Advertising Conferences & Exhibitions
 
Your Path to Profits - The Game-Changing Power of a Marketing - Daniel Bussius
Your Path to Profits - The Game-Changing Power of a Marketing - Daniel BussiusYour Path to Profits - The Game-Changing Power of a Marketing - Daniel Bussius
Your Path to Profits - The Game-Changing Power of a Marketing - Daniel Bussius
DigiMarCon - Digital Marketing, Media and Advertising Conferences & Exhibitions
 
Digital Marketing Trends - Experts Insights on How
Digital Marketing Trends - Experts Insights on HowDigital Marketing Trends - Experts Insights on How
Winning local SEO in the Age of AI - Dennis Yu
Winning local SEO in the Age of AI - Dennis YuWinning local SEO in the Age of AI - Dennis Yu
BLOOM_May2024. Balmer Lawrie Online Monthly Bulletin
BLOOM_May2024. Balmer Lawrie Online Monthly BulletinBLOOM_May2024. Balmer Lawrie Online Monthly Bulletin
BLOOM_May2024. Balmer Lawrie Online Monthly Bulletin
BalmerLawrie
 
Core Web Vitals SEO Workshop - improve your performance [pdf]
Core Web Vitals SEO Workshop - improve your performance [pdf]Core Web Vitals SEO Workshop - improve your performance [pdf]
Core Web Vitals SEO Workshop - improve your performance [pdf]
Peter Mead
 
SEO Master Class - Steve Wiideman, Wiideman Consulting Group
SEO Master Class - Steve Wiideman,  Wiideman Consulting GroupSEO Master Class - Steve Wiideman,  Wiideman Consulting Group
SEO Master Class - Steve Wiideman, Wiideman Consulting Group
DigiMarCon - Digital Marketing, Media and Advertising Conferences & Exhibitions
 

Recently uploaded (20)

Mastering Multi-Touchpoint Content Strategy: Navigate Fragmented User Journeys
Mastering Multi-Touchpoint Content Strategy: Navigate Fragmented User JourneysMastering Multi-Touchpoint Content Strategy: Navigate Fragmented User Journeys
Mastering Multi-Touchpoint Content Strategy: Navigate Fragmented User Journeys
 
5 Big Bets for 2024 - Jamie A. Lee, Stripes Co
5 Big Bets for 2024 - Jamie A. Lee, Stripes Co5 Big Bets for 2024 - Jamie A. Lee, Stripes Co
5 Big Bets for 2024 - Jamie A. Lee, Stripes Co
 
DMF Portfolio Piece Smart Goals - Artist Management.docx
DMF Portfolio Piece Smart Goals - Artist Management.docxDMF Portfolio Piece Smart Goals - Artist Management.docx
DMF Portfolio Piece Smart Goals - Artist Management.docx
 
Top digital marketing institutein noida
Top digital marketing institutein noidaTop digital marketing institutein noida
Top digital marketing institutein noida
 
10 Videos Any Business Can Make Right Now! - Shelly Nathan
10 Videos Any Business Can Make Right Now! - Shelly Nathan10 Videos Any Business Can Make Right Now! - Shelly Nathan
10 Videos Any Business Can Make Right Now! - Shelly Nathan
 
34-Rahul-Mande.pdf PROJECT REPORT MBA 4TH SEMESTER
34-Rahul-Mande.pdf PROJECT REPORT MBA 4TH SEMESTER34-Rahul-Mande.pdf PROJECT REPORT MBA 4TH SEMESTER
34-Rahul-Mande.pdf PROJECT REPORT MBA 4TH SEMESTER
 
Playlist and Paint Event with Sony Music U
Playlist and Paint Event with Sony Music UPlaylist and Paint Event with Sony Music U
Playlist and Paint Event with Sony Music U
 
Top 3 Ways to Align Sales and Marketing Teams for Rapid Growth
Top 3 Ways to Align Sales and Marketing Teams for Rapid GrowthTop 3 Ways to Align Sales and Marketing Teams for Rapid Growth
Top 3 Ways to Align Sales and Marketing Teams for Rapid Growth
 
How to use Short Form Video To Grow Your Brand and Business - Keenya Kelly
How to use Short Form Video To Grow Your Brand and Business - Keenya KellyHow to use Short Form Video To Grow Your Brand and Business - Keenya Kelly
How to use Short Form Video To Grow Your Brand and Business - Keenya Kelly
 
ThinkNow 2024 Consumer Financial Wellness Report
ThinkNow 2024 Consumer Financial Wellness ReportThinkNow 2024 Consumer Financial Wellness Report
ThinkNow 2024 Consumer Financial Wellness Report
 
Marketing as a Primary Revenue Driver - Lee Levitt
Marketing as a Primary Revenue Driver - Lee LevittMarketing as a Primary Revenue Driver - Lee Levitt
Marketing as a Primary Revenue Driver - Lee Levitt
 
Turn Digital Reputation Threats into Offense Tactics - Daniel Lemin
Turn Digital Reputation Threats into Offense Tactics - Daniel LeminTurn Digital Reputation Threats into Offense Tactics - Daniel Lemin
Turn Digital Reputation Threats into Offense Tactics - Daniel Lemin
 
My Personal Brand Exploration by Mariano
My Personal Brand Exploration by MarianoMy Personal Brand Exploration by Mariano
My Personal Brand Exploration by Mariano
 
Digital Marketing Trends - Experts Insights on How to Gain a Competitive Edge
Digital Marketing Trends - Experts Insights on How to Gain a Competitive EdgeDigital Marketing Trends - Experts Insights on How to Gain a Competitive Edge
Digital Marketing Trends - Experts Insights on How to Gain a Competitive Edge
 
Your Path to Profits - The Game-Changing Power of a Marketing - Daniel Bussius
Your Path to Profits - The Game-Changing Power of a Marketing - Daniel BussiusYour Path to Profits - The Game-Changing Power of a Marketing - Daniel Bussius
Your Path to Profits - The Game-Changing Power of a Marketing - Daniel Bussius
 
Digital Marketing Trends - Experts Insights on How
Digital Marketing Trends - Experts Insights on HowDigital Marketing Trends - Experts Insights on How
Digital Marketing Trends - Experts Insights on How
 
Winning local SEO in the Age of AI - Dennis Yu
Winning local SEO in the Age of AI - Dennis YuWinning local SEO in the Age of AI - Dennis Yu
Winning local SEO in the Age of AI - Dennis Yu
 
BLOOM_May2024. Balmer Lawrie Online Monthly Bulletin
BLOOM_May2024. Balmer Lawrie Online Monthly BulletinBLOOM_May2024. Balmer Lawrie Online Monthly Bulletin
BLOOM_May2024. Balmer Lawrie Online Monthly Bulletin
 
Core Web Vitals SEO Workshop - improve your performance [pdf]
Core Web Vitals SEO Workshop - improve your performance [pdf]Core Web Vitals SEO Workshop - improve your performance [pdf]
Core Web Vitals SEO Workshop - improve your performance [pdf]
 
SEO Master Class - Steve Wiideman, Wiideman Consulting Group
SEO Master Class - Steve Wiideman,  Wiideman Consulting GroupSEO Master Class - Steve Wiideman,  Wiideman Consulting Group
SEO Master Class - Steve Wiideman, Wiideman Consulting Group
 

How to Support and Engage SMBs During COVID-19

  • 1. December 10, 2020 How to Support and Engage SMBs During COVID-19
  • 3. Output INSIGHT Topics Methods • Qualitative • Live / online focus groups • In-depth interviews • Quantitative • Custom online • SMB Pulse omnibus • Snap Poll Insight for CE / product / marketing strategy Data for PR / content / social / collateral programs 3 • Attitudes and usage • Buyer identification • Competitive perceptions • Market segmentation • Media behaviors / preferences • Message / positioning testing • Net promoter score • Persona / buyer journey • Purchase intent, behaviors, channels and preferences
  • 4. OUTREACH Video Email Newsletters Checklists / Worksheets Case StudiesArticles Blog Posts White Papers Podcasts eBooks PR Surveys Social Media Handbooks / Guides Webcasts Slideshows Infographics Interactive Tools • Survey data • Creative brief • Editorial calendar • Content development • Content audit • Analytics Contribution • Expert • Actionable • Relevant • Easy to understand • Professional • Brand-building • Custom Principles Direct Mail Event Collateral Brochures / Sell Sheets Custom Pubs 4
  • 5. Helping SMBs through COVID-19 Impact of COVID-19 How vendors can help The role of content Q&A: Karen Wozniak, Paychex 1 2 3 4 5 Office and staffing 5 WHAT WE’LL COVER
  • 6. 6 Online survey via the Bredin.com/SMBPulse 500 principals at U.S. SMBs with <500 employees (+/- 4% CI) WHEN HOW WHO % Indicates highest % in a column (A) / (B) / (C) Indicates statistically significant difference between columns Note: The SMB Pulse is opento marketer participation. Some charts in this deck do not total to 100% due to rounding. METHODOLOGY Company size quotas 250 with one to 19 employees (VerySmall Businesses orVSBs;97.7% weighting) 150 with 20 to 99 employees(Small Businesses orSBs; 2% weighting) 100 with 100 to 500 employees (Mid-sized Businessesor MBs; 0.3% weighting) September 26 to October 5, 2020
  • 7. 7 SAMPLE CHARACTERISTICS n=500 5% 18% 16% 19% 43% Up more than 100% Up 10% to 100% Up less than 10% Same as 2019 Down compared to 2019 Principal (e.g., Owner, Founder, Partner, CEO, President, etc.) Male Female 72% 28% 1% 26% 37% 34% 2% Gen Z (18 to 23) Millennial (24 to 39) Gen X (40 to 55) Boomer (56 to 74) Silent Generation (75+) RespondentAge Company Age Business Outlook Title/Role Company Size Gender 8% 9% 8% 25% 18% 12% 20% 5-9 20-49 6% 34% 26% 34% Less than 2 years 2 to 9 years 10 to 19 years 20 years or more 100% 100-500 50-99 10-19 Business Status 52% 44% 4% Open for business; fully operational Open for business on a limited basis Closed, but plan to reopen 1 (just me) 2-4
  • 8. 8 SAMPLE CHARACTERISTICS n=500 West 21% South 39% Midwest 19% Northeast 21% Geography 35% 52% 13% PopulationDensity Urban Suburban Rural 11% 15% 16% 32% 15% 11% Less than $100K $100K to $499K $500K to $999K $1M to $4.9M $5M to $10M More than $10M Company Revenue 36% 29% 24% 11% Manufacturing Construction/Mining/Contracti ng/Electrical/Landscape/ Plumbing/etc. 14% Manufacturing/Transportation and Warehousing 4% Automotive 3% Life Sciences (e.g. Pharmaceutical/Medical Devices/Biotechnology) 3% Energy/Utilities 1% Telecommunications 0% Other Personal Services 6% Education/Training 3% Nonprofit 1% Industry Professional Services Financial Services/ Accounting/Bookkeeping 8% Technology (e.g. computer hardware, software, services, Internet) 8% Legal 5% Medical 5% Advertising/Consulting/Desig n/ Marketing Services 4% Banking/Insurance/Mortgage 4% Architect/Engineering 2% Publishing/Printing/Media 1% Retail/Wholesale Retail 11% Real Estate 5% Food/Beverage/Restaurants 5% Wholesale 3% Entertainment/Recreation 3% Travel/Hotel/Hospitality 2%
  • 10. 10 THIRD-PARTY PERSPECTIVE • 1.4 million small businesses have closed1 • Including 100,000 restaurants (one in six)2 • Many small business balance sheets were already weak pre-Covid3 • Revenue is under pressure • 1 in 3 have reduced staff • 1 in 4 have limited operations • 3 in 5 expect Covid to reduce sales • Expenses are up • 1 in 5 do not expect to survive • Debt service is challenging • However, some sectors are stable / up • e.g., recreation, tech, delivery, trades, legal, pharma, PPE 1. Oxxford Information Technology 2. NRF 3. McKinsey
  • 11. 11% (BC) 44% 1% 43% 1% 38% 30% (BC) 23% (B) 16% 14% 10% 15% 27% (C) 13% 26% (C) 20% 15% 16% 28% 16% 49% (A) 19% 57% (A) 20% 4% 4% 8% 3% 17% (AB) 11% (AB) February 2020 October 2020 February 2020 October 2020 February 2020 October 2020 11 BUSINESS OUTLOOK: COMPANY SIZE n=500 How do you expectyour 2020 revenue to compareto 2019? • Growth expectations have fallen sharply since February • The outlook has fallen farthest among larger SMBs, who had very high initial growth expectations VSBs (A) SBs (B) MBs (C) Up more than 100% Up 10% to 100% Up less than 10% Same as 2019 Down compared to 2019 -26 pts -41 pts -42 pts
  • 12. 12 BUSINESS OUTLOOK: INDUSTRY n=500.See slide 8 for industry group definition How do you expectyour 2020 revenue to compareto 2019? • Retail/Wholesale outlookhas fallen the furthest since February, followed closelyby Manufacturing • Like VSBs,‘Other’ industries have fallen the least, from a low base 13% (C) 41% 8% 50% 4% 41% 21% (BC) 43% 26% 21% 29% 23% 27% 23% 39% 24% 27% 13% 26% 9% 36% (D) 22% (B) 18% 11% 28% 21% 35% 14% 27% 14% 19% 14% 6% 4% (C) 3% 5% (C) 6% 0% 3% 8% (C) February 2020 October 2020 February 2020 October 2020 February 2020 October 2020 February 2020 October 2020 Professional Services (A) Manufacturing (C)Retail / Wholesale (B) Other (D) Up more than 100% Up 10% to 100% Up less than 10% Same as 2019 Down compared to 2019 -23pts -36pts -33pts -7pts
  • 13. 13 IMPACT OF COVID-19 n=500 Please rate how much you agree with eachof these statements aboutthe effectof COVID-19 on your business: • Over half of respondents agree their revenue will fall as a result of COVID-19 • Three in five are concerned about the ‘second wave’ 32% 29% 17% 15% 13% 9% 9% 7% 7% 7% 6% 22% 31% 20% 21% 22% 17% 17% 15% 6% 15% 13% My 2020 revenue will decline because of COVID-19 I am very concerned about a second wave of infections later this fall / winter The worst is behind us for my business The federal government has helped my business cope with COVID-19, for example through the PPP program The worst is behind us for the U.S. economy My business will emerge stronger because of COVID-19 My business will be permanently affected by COVID-19 My vendors / suppliers like my bank, payroll company, etc. have helped my business cope with COVID-19 I don’t think my business will survive COVID-19 My state government has helped my business cope with COVID-19 My town or city government has helped my business cope with COVID-19 Agree strongly Agree somewhat
  • 14. 14 IMPACT OF COVID-19: COMPANY SIZE n=500 Please rate how much you agree with eachof these statements aboutthe effectof COVID-19 on your business: • MBs are most concerned about a second wave of infections • They are significantly more concerned about almost every effectof COVID-19 than their smaller peers 32% 29% 17% 15% 13% 9% 9% 7% 7% 7% 6% My 2020 revenue will decline because of COVID-19 I am very concerned about a second wave of infections later this fall / winter The worst is behind us for my business The federal government has helped my business cope with COVID-19, for example through the PPP program The worst is behind us for the U.S. economy My business will emerge stronger because of COVID-19 My business will be permanently affected by COVID-19 My vendors / suppliers like my bank, payroll company, etc. have helped my business cope with COVID-19 I don’t think my business will survive COVID-19 My state government has helped my business cope with COVID-19 My town or city government has helped my business cope with COVID-19 Agree strongly VSBs (A) 250n SBs (B) 150n MBs (C) 100n 32% 37% 41% 28% 32% 44% 16% 20% 35% (AB) 14% 22% 43% (AB) 13% 13% 30% (AB) 9% 20% (A) 41% (AB) 8% 19% (A) 35% (AB) 7% 15% (A) 38% (AB) 7% 12% 26% (AB) 6% 13% (A) 37% (AB) 6% 12% (A) 36% (AB) 37% 44% (A) 32%
  • 15. 15 EFFECT OF COVID-19 n=500 What effectdid the COVID-19 pandemichave on your business? Selectall that apply. • The biggesteffectof COVID-19on VSBs is lower demand;for SBs, to cut employee hours; for MBs, government mandates • MBs are most likely to see some positive effectfrom COVID-19 39% 27% 22% 21% 16% 15% 14% 7% 7% 4% 3% 3% 8% 19% Lower demand for our products or services Had to reduce employee hours Limited or reduced availability of supplies, raw material, etc. Government-mandated closure or reduced operations Had to furlough or lay off employees Limited or reduced availability of employees / contractors Reduced salaries and wages Difficulty in transporting goods Increased demand for our products or services Increased employee hours Increased salaries and wages Hired more employees Something else (please describe) No effect VSBs (A) 250n SBs (B) 150n MBs (C) 100n 39% 38% (C) 21% 27% 39% 27% 22% 16% 19% 20% 24% 30% 16% 24% (A) 21% 15% 22% 27% (A) 14% 18% 20% 7% 15% (A) 16% (A) 7% 14% (A) 20% (A) 4% 10% (A) 20% (AB) 3% 9% (A) 21% (AB) 3% 7% 19% (AB) 8% 5% 2% 20% (C) 15% 10% 39% (A) 30% 39% (C) • Remote work(9) • Communicationswasa challenge • First we had no business, • Had to give discountsto clients. • Limitingtravel • More work from home • Other companiesbeing totally laze because of coronavirus • Placed restrictionson travel. • Shut down temporarily • Temporarily closed all of our venues • Working from home • At first the quarantine slowedthings a bit • Deal with suppliersmore over the phone than inperson • Employeesworked from home • Had to shut down for2 weeks • Less traffic • Not working in office created problems • Reduced timedue to homeschooling • Rental incomelost • Shut down fir awhile • Suspension of grantsadministration and support from clientswho have lost strategic employeesthemselves due to virus. • Worked from home for a few weeks
  • 16. 16 EFFECT OF COVID-19: INDUSTRY n=500 What effectdid the COVID-19 pandemichave on your business? Selectall that apply. • Retailers/Wholesalershave beenespeciallynegatively impacted • Half of Manufacturers had seen reduced demand;a third have struggled to get supplies 39% 27% 22% 21% 16% 15% 14% 7% 7% 4% 3% 3% 8% 19% Lower demand for our products or services Had to reduce employee hours Limited or reduced availability of supplies, raw material, etc. Government-mandated closure or reduced operations Had to furlough or lay off employees Limited or reduced availability of employees / contractors Reduced salaries and wages Difficulty in transporting goods Increased demand for our products or services Increased employee hours Increased salaries and wages Hired more employees Something else (please describe) No effect PS (A) 173n RW (B) 165n M (C) 105n Other (D) 58n 34% 41% 49% 28% 24% 34% (AD) 29% (D) 14% 15% 24% (A) 34% (AD) 14% 19% 25% (C) 14% 24% 12% 22% (A) 14% 17% 17% 21% (C) 10% 7% 13% 19% 8% 17% 6% 10% 6% 4% 6% 6% 10% 7% 5% 4% 4% 0% 6% 1% 0% 7% 5% 3% 2% 4% 10% (B) 4% 6% 17% (BC) 23% 19% 14% 21% 41% 28%49% (AD)34% • Remote work(9) • Communicationswasa challenge • First we had no business, • Had to give discountsto clients. • Limitingtravel • More work from home • Other companiesbeing totally laze because of coronavirus • Placed restrictionson travel. • Shut down temporarily • Temporarily closed all of our venues • Working from home • At first the quarantine slowedthings a bit • Deal with suppliersmore over the phone than inperson • Employeesworked from home • Had to shut down for2 weeks • Less traffic • Not working in office created problems • Reduced timedue to homeschooling • Rental incomelost • Shut down fir awhile • Suspension of grantsadministration and support from clientswho have lost strategic employeesthemselves due to virus. • Worked from home for a few weeks
  • 17. 17 BUSINESS PRIORITIES n=484 • Interestingly,few respondents are putting a lower priority on any business challenge now than before COVID-19 • Economic uncertainty, customerretention/acquisitionand managing costs/cashflow are the biggeststressors ina COVID-19 economy Much higher priority now Somewhat higher priority now Significantly lower priority now 29% 29% 28% 27% 24% 20% 19% 17% 17% 15% 14% 13% 7% 11% 35% 30% 31% 31% 32% 18% 25% 22% 20% 17% 25% 17% 16% 24% 32% 35% 37% 35% 39% 51% 46% 54% 50% 53% 45% 56% 52% 55% 2% 3% 2% 4% 3% 3% 3% 2% 4% 3% 7% 8% 7% 4% 1% 2% 2% 3% 3% 2% 2% 1% 2% 2% 2% 3% 6% 3% Coping with economic uncertainty Retaining current customers Managing costs Finding new customers Managing cash flow Finding good employees Retaining good employees Keeping our data secure Access to capital Paying for health care Developing new products and services Dealing with competition Coping with climate change Complying with government and industry regulations How has COVID-19 affectedyour businesspriorities?Please indicate whethereach of these business objectives is a higher or lower priority now than it was at the start of the year No change Significantly lower priority now
  • 18. 18 RETURNING TO THE OFFICE n=500 When will your full team return to your workplace(s)? • The plurality of respondents have already returned to the workplace, especiallyamong VSBs and SBs • MBs are most likely to return to the office later this year, or in the first half of next year 18% 34% 14% 17% 5% 2% 2% 6% 2% We have always been fully remote / distributed We already have By the end of the year In the first quarter of 2021 In the second quarter of 2021 In the second half of 2021 After 2021 Only when there is a vaccine We don’t envision ever returning to a central workplace VSBs (A) 250n SBs (B) 150n MBs (C) 100n 18% 13% 15% 34% 32% 14% 14% 23% (A) 23% 17% 13% 22% 5% 6% 20% (AB) 2% 2% 0% 2% 1% 2% 6% 7% 4% 2% 2% 0% 32% (C) 23% (A) 34% (C)
  • 19. 19 RETURNING TO THE OFFICE: INDUSTRY n=500 When will your full team return to your workplace(s)? • Half of Manufacturers are already back at the workplace • ProfessionalServices firms are mostlikely to delay a return to the office 18% 34% 14% 17% 5% 2% 2% 6% 2% We have always been fully remote / distributed We already have By the end of the year In the first quarter of 2021 In the second quarter of 2021 In the second half of 2021 After 2021 Only when there is a vaccine We don’t envision ever returning to a central workplace PS (A) 153n RW (B) 161n M (C) 113n Other (D) 73n 15% 20% 21% 19% 23% 36% 48% 30% 12% 15% 15% 13% 29% 15% 9% 8% 7% 4% 2% 11% (BC) 3% 2% 2% 3% 4% 1% 0% 3% 5% 7% 4% 5% 4% (B) 0% 0% 8% (BC) 36% (A) 29% (BCD) 48% (ABD) 30%
  • 20. 20 STAFFING CHANGES n=500 How has your staffing changed in light of COVID-19? • While net staffing has decreased overall, it has decreased leastamong MBs 6% 12% 7% 5% 9% 5% 5% 12% 9% 23% 9% 15% 26% 10% 11% 33% 17% (A) 20% (B) 54% (C) 46% (C) 39% 48% (C) 47% (C) 49% 35% 32% 37% 5% 9% 5% 9% 14% 8% 7% 21% (A) 16% (AB) 4% 4% 3% 11% (A) 9% 9% (A) 20% (A) 13% (A) 12% (A) Full-time Part-time Contract Full-time Part-time Contract Full-time Part-time Contract VSBs (A) SBs (B) MBs (C) Increased significantly Increased somewhat No change Decreased somewhat Decreased significantly
  • 21. 21 HOW VENDORS CAN HELP n=500 What could vendors like your bank,payrollservice provider,creditcard company or tech companiesdo to help you to better managethe adverse effects of the COVID-19 pandemic on your business? Selectall that apply. • VSBs and SBs mostwant discounts or fee waivers; MBs, business management advice • There is also strong interest in help with business promotion 55% 30% 24% 20% 15% Provide discounts or fee waivers Help me promote my business Provide free trials Provide business management tips and advice, e.g. articles and videos Something else (please describe) VSBs (A) 250n SBs (B) 150n MBs (C) 100n 55% 58% 48% 30% 37% 44% (A) 24% 27% 30% 20% 35% (A) 52% 15% (B) 5% 3% 58% 52% (AB) 55% • Answer emailsin a timely fashion • Because of the nature of my business, there isnothing they could do. • Defer payments • Do their jobs • Go back to normal • Just get back to normal operations and stop thisoverhyped democratic bullshit. • Make credit easier • Nothing - we are operatingas normal with small modifications • Send Clintonsto prison • Thisis entirely my problem and I can't envision any of those entities helping thesituation. • Be there if I do have a problem • Give me money • Helped small businesses • Hire people to helpinsteadof going electronic • Put pressure on politiciansto get out of the way • Send me more customers • Updateson financial trends • We don't use vendorsin our business.
  • 22. 22 HELPFUL VENDORS Is there any companythathas, or companies thathave, been particularly helpfulto your business in light of COVID-19, or any companieswhoseCOVID-19responsehas been particularlyimpressive or helpful? If so, which one(s),and why? (abridged) • AARP • Accenture, they have presented us very detailed plans on dealing w ith all the virus issues • Amazon (6) • Amazon markets • Amazon ...the country runs on amazon • Amazon for supplies • Amazon has been consistent w ith the service it provides during the pandemic • Amazon has really helped • Amazon. Shipments w ere not lost • Amazon. they help me very w ell • Amazon, supplying us w ith materials w hen needed • American Express (3) • American Express because they redid a payment schedule • Amica and United Healthcare • Bank of America (4) • Bank of America has approved a small loan for my company • Bank of America has been good about w aiving fees and offering sound advice. • Bank of America has been very helpful to my business. • BB&T has offered to defer payments, things like that. • BCBS gave a COVID-19 discount to my healthcare bill • Best Buy. They have been great as a supplier and a vendor in supporting not only our business but, their employees as w ell • Bortz Hardw are actually had people help us install plexiglass in our offices. • Capital Group has extended tw ice a deadline for my clients and that has really helped me to show that they care • Charles Schw ab has been very helpful in giving me guidance during the pandemic on investments. Humana Health Insurance has been helpful in giving us guidance on w ays to stay healthy. • Chase has helped in the application of the Paycheck Protection Loan. It has also increased our line of credit, it has also deferred some payments due during this current pandemic. • Chase Bank (3) • Chase Bank has stayed open for us • Chase has been a lifeline because they aided us in the PPP. We w ere able to get in early due to their quick action on the paperw ork and the submittal. • Chase- our bank/loaner of choice...has helped w ith fees, interest rates, payment schedules. • CPA firm • Electric company offering low er rates during peak ours of usage • Fidelity • First Citizens Bank helped in acquiring PPP loan • First Haw aiian Bank • First Republic Bank • Frost Bank • Google (3) • HEB has helped me find supplies w hen this all started • Home Depot keeping supplies in stock and delivering them to site • Home Trust and Savings Bank, financing w hen needed • Isabella Bank • Local business ow ners have come together and helped one another • Local suppliers of parts and equipment to my shop have been invaluable as w ell as an excellent source for PPE supplies • Met Life • Microsoft helps us • Microsoft significantly increase their revenue • My bank has been very helpful because they helped me w ith my financial needs and have provided me w ith loans • My bank sought me out for PPP loan • My bank helped me apply for the PPP loan • My franchisor: Liberty Tax Service. They have supplied the tools necessary to survive and eve thrive during this trying period. One example is providing the softw are to process a tax return remotely w ith virtual contact w ith a client. • My general liability insurance firm • My local bank has been very supportive and helpful. • Our bank expedited our PPP loan application. Great follow up communication as w ell. • Our private landlord w aived some rent • PayPal offered a range of helpful financial advice and resources and financing • PNC Bank (2) • PNC Bank helped me thru the PPP program very w ell • QuickBooks has been helpful • Regions Bank • Safeco Insurance has been excellent on customer payments • Sage • SSBT Bank. Flexible w ith payments • State Farm • TD Bank • U.S. Government permitting us my contracted staffing to w orkfrom home on their behalf. • USAA • Verizon has put on a massive effort to help its small business customers survive Covid-19. They brought forth many expert advisors, gave aw ay data usage, and aided in formulating business plans to get through. • Walmart • Wells Fargo (3)
  • 23. 23 CONTENT USAGE DURING COVID-19 n=500 How, if at all, has your use of businessmanagementtips and advice from vendorschanged in light of the COVID-19 pandemic? • While net content consumptionhas increased overall, the increase grows significantly with headcount 4%10% 75% 7%4% Increased significantly Increased somewhat Hasn’t really changed Decreased somewhat Decreased significantly 4% 10% 76% (BC) 7% 4% 13% (A) 21% (A) 53% (C) 7% 5% 40% (AB) 30% (A) 25% 3%2% VSBs (A) SBs (B) MBs (C) 14% Increased 35% Increased 70% Increased 11% Decreased 13% Decreased 5% Decreased
  • 24. 24 CONTENT USAGE DURING COVID-19: RESPONDENT AGE n=500 How, if at all, has your use of businessmanagementtips and advice from vendorschanged in light of the COVID-19 pandemic? • Younger entrepreneurs are driving the increase in content consumption 4%10% 75% 7%4% Increased significantly Increased somewhat Hasn’t really changed Decreased somewhat Decreased significantly 19% (BC) 32% (BC) 40% 5%4% 4% 8% 73% (A) 11% 4% 2% 8% 80% (A) 6% 4% Gen Z + Millennials (A) Gen X (B) Boomers + Silent Generation (C) 51% Increased 12% Increased 10% Increased 9% Decreased 15% Decreased 10% Decreased
  • 25. Easy to understand Clear that the writer understands small and mid-sized businesses Clearly explains product / service benefits Describes how companies in my industry have benefitted from their offerings Describes how companies my size have benefited from their offerings Doesn’t do a hard sell In a format I preferIncludes a compelling special offer, promotion or discount Includes an interview with an expert Includes an interview with other business owners Includes photos of people who look like me Provides actionable advice Provides in-depth advice Provides valuable business management tips and advice Reflects current business conditions / the current economic climate 10% 15% 20% 25% 30% 35% 40% 10% 20% 30% 40% 50% 60% 70% 25 CONTENT IMPORTANCE VS. PERFORMANCE n=500 • On a relative basis,content most‘overperforms’on SME interviews and case studies and ‘underperforms’on current conditions Performance outweighs importance Importance outweighs performance Performance gap Importance (% rated ‘very important’) Performance(%rated‘verygood’)
  • 26. 26 IMPACT OF ADVISORY CONTENT n=500 In general,does vendor businessmanagement tips and advice make you more likely to: • Overall, content is most likely to improve brand perception • The effectof content generally increases with company size; content makes MBs especiallylikely to consume additional content 64% 62% 56% 53% 48% 43% Think favorably of that vendor Remain a customer of that vendor Read / watch more of that vendor’s business management advice Become a customer of that vendor Make an additional purchase from that vendor Subscribe to their email newsletter, or follow them on social media VSBs (A) 250n SBs (B) 150n MBs (C) 100n 64% 70% 75% (A) 62% 68% 77% (A) 56% 61% 85% 52% 61% 76% (AB) 48% 59% (A) 73% (AB) 42% 53% (A) 76% (AB) 70% 85% (AB) 64% % Yes
  • 27. 27 IMPACT OF CONTENT ON PURCHASE n=500 Have you boughtfrom or become a customer of a companybecause oftheir business managementtips and advice? • Content can be an effective purchase motivator • The effectof content on purchase increases strongly with company size 4 % 10 % Yes No 32% 68% (BC) 45% (A) 55% (C) 67% (AB) 33% VSBs (A) SBs (B) MBs (C)
  • 28. Research • Product / go-to-market strategy / CE / NPS • Persona / buyer journey • Original data for standout content and PR Strategy • Content strategy • Creative brief / ed cal Content • Original content development • Exclusive SMB focus 28 HOW BREDIN CAN HELP Stu Richards, CEO stu@bredin.com Work with the experts in SMB insight and engagement