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Marketing for Industrial Companies

How are Industrial Companies Changing Their Marketing Budgets in 2010?

The industrial sector is emerging from the recession. One of the surest signs of this is that they are increasing their spending on marketing. 70% of industrial sector marketers expect their sales to increase in 2010 over 2009 and 31% are increasing their marketing budgets, according to a recent study by GlobalSpec.

The Shift in Marketing Budgets
What’s particularly interesting about the data from this study is how marketers are allocating those additional marketing dollars. There is a dramatic shift away from traditional areas like trade magazine advertising, telemarketing and print directories, towards video, social media and search engine optimization (SEO).

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