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Marketers to Increase Budgets in 2003: Survey
Dec 18, 2002 12:00 PM
More than half of all online and offline marketers anticipate marketing budget increases during 2003, while only 6% say their budgets will shrink, according to DoubleClick Inc. The average increase among those anticipating more money next year is 11%. Nearly two thirds said that revenue from their Web sites would rise during 2003. They saw slippage in most other channels. Almost one in five said telemarketing revenue would drop, followed by 14% who said catalog sales would decline. There is still room for expansion among marketers that want to measure their electronic channels’ effectiveness. Only 44% have measurement tools in place, with most relying on "clicks" and "hits" (as opposed to linked sales) to measure their online advertising’s effectiveness. One third of those surveyed were not convinced of online marketing’s effectiveness. DoubleClick’s Fall 2002 Marketing Survey is based on online surveys of 200 marketing executives from companies that have gross revenues in excess of $50 million and marketing budgets above $1 million. |
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