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SMALL BUSINESS CUSTOMER INSIGHTS

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TWITTER + DB5 RESEARCH WHITEPAPER

business.twitter.com | @TwitterSmallBiz

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METHODOLOGY

© 2014 Twitter, Inc. |

Live in

the US

Follow a SMB*

on Twitter

Use Twitter at

least monthly

SMB (Small/Medium-sized Business) definition:

Businesses such as smaller online retailers, app developers, businesses in your industry, and other local businesses. Basically, any business that isn’t a large corporation.

Self reported by respondents.

We conducted a 10 minute survey

across 1,000 respondents who...

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SUMMARY

Twitter Ads amplify your efforts.

Potential customers want to engage with SMBs.

Your followers are more likely to take action from Tweets than traditional channels.

Followers are genuinely interested in your business.

Followers stick around.

When potential customers find you, they take actions that benefit your business.

Customers are looking for SMBs on Twitter.

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YOUR POTENTIAL CUSTOMERS ARE ON TWITTER.

51%

of respondents are daily users

(86% use Twitter a few times

per week).

..and they are seeing and interacting with your Tweets

feel better about an SMB after

following and reading its Tweets.

Photo by: Joe Mortell

30%

see SMB Tweets every time they log in

(61%

see SMB Tweets daily or more often).

© 2014 Twitter, Inc. | 03

73%

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CUSTOMERS ARE LOOKING FOR SMBS ON TWITTER.

discovered a new SMB on Twitter.

57%

On average, respondents report taking at least two actions that have direct business impact.

40%

Recommended in "Who to Follow"

35%

Saw a friend @reply

35%

Saw a Tweet in a #hashtag conversation

33%

They followed an account I follow

32%

Saw Promoted Tweet from them

31%

Saw a Retweet of their Tweet

30%

Saw a Promoted Account

29%

Saw another brand or business mention them

Discovery happens in a variety of ways...

67% decided to follow that

account after discovery.

50% shopped at the

SMB’s store or website.

38% made

a purchase.

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WHEN POTENTIAL CUSTOMERS FIND YOU, THEY TAKE ACTIONS THAT BENEFIT YOUR BUSINESS.

60%

of respondents said they have

purchased something from an SMB

because of Twitter.

Followers have purchased

from you in the past...

10 20 30 40 50 36% 40% Key Yes, once No, never Yes, multiple times

43%

of respondents said they plan to

purchase regularly from an SMB

they follow going forward.

Key

and they intend to purchase

from you in the future.

10 20 30 40 50 43% 43% 15%

Yes, I plan to purchase regularly/multiple times Yes, I could see at least one purchase No, never © 2014 Twitter, Inc. | 05 24% 10 20 30 40 50 60 70 80 90 36% 24%

Ever Net: 86%

10 20 30 40 50 60 70 80 90 43% 43%

Ever Net: 60%

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FOLLOWERS STICK AROUND.

On average, respondents say they follow around 21 SMBs.

Time Following Favorite SMBs

0 5 10 15 20 25 30 P er centage of r espondents P eriod of time f ollo wing

13%

22%

29%

25%

10%

Les s than 3 months 3-6 months 6 months t o a y ear 1-2 years

More than 2 years

Key

Each full block corresponds to 5% of respondents

Each subdivision corresponds to 1% of respondents

have been following SMBs for more than 6 months

have never unfollowed

66%

(8)

FOLLOWERS ARE GENUINELY INTERESTED IN YOUR BUSINESS.

Followers want to hear about your products and show support.

Why they follow

have retweeted a Tweet from an SMB.

Nearly 2/3

© 2014 Twitter, Inc. | 07

40%

Learn about new products

39%

Show support

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YOUR FOLLOWERS ARE MORE LIKELY TO TAKE ACTION FROM TWEETS THAN TRADITIONAL CHANNELS.

81%

Twitter Business’ Website Social Deals EMail Direct Mail

20 40 60 80 100

81%

58%

51%

46%

38%

(10)

POTENTIAL CUSTOMERS WANT TO ENGAGE WITH SMBS.

have engaged in

conversation with

or about an SMB

(1 out of 4 engage in

these conversations

often).

9 out of 10

of followers who

got a reply felt

better about

the SMB.

More often than not, respondents tweeted to share a good experience.

I had a good experience and wanted to tell them

I had a good experience and wanted to tell others

I wanted to enter a

competition or a promotion I wanted to ask them a product/service question I wanted to tell others about my purchase I wanted to ask them a customer service question I wanted to talk to them about their field or industry I wanted to gain followers with similar interests or in my local I had a bad experience and wanted to tell them I had a bad experience and wanted to tell others

Nega tiv e Experienc e P ositiv e Experienc e 9% 12% 18% 20% 23% 28% 29% 29% 35% 40%

90%

© 2014 Twitter, Inc. | 09 Int er action/ Engagement

have tweeted

directly at an SMB

(52% have tweeted

at an SMB

multiple times).

76%

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TWITTER ADS AMPLIFY YOUR EFFORTS.

Promoted Accounts

have noticed Promoted

Accounts on Twitter.

have followed an SMB after

noticing the Promoted Account.

2 in 3

Promoted Tweets

Over half

have noticed Promoted Tweets from SMBs. Of those that

noticed, the majority have taken some sort of action as a result.

Submitted my email address Followed a new account Clicked on it RT it Talked to a friend about it Purchased something

23%

25%

25%

28%

29%

48%

Among those, 2 in 3

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CONCLUSION

© 2014 Twitter, Inc. | 10

e hope this study helps you more fully understand the opportunity to connect with your potential customers on Twitter. And that these potential customers want to discover, hear from, and interact with your business.

When a potential customer finds you on Twitter, that person usually goes on to take actions that drive your business forward. This is especially true when potential customers decide to follow your account. Not only is it possible that many of your followers have already purchased from you, it’s also possible that they intend to purchase from you again in the future. And some may even plan to purchase multiple times.

Twitter Ads can amplify this effect by helping you more quickly grow your follower base and reach more potential customers who want to discover, hear from, and interact with your business.

Make sure that your business is in a position to connect with potential customers that are looking for you on Twitter by creating an account. If you already have an account, but want to amplify your Twitter efforts, visit us at ads.twitter.com to sign up for Twitter Ads.

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@TwitterSmallBiz business.twitter.com blog.twitter.com/small-business

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