More than one-third of SMBs say they devote the majority of their marketing budgets to customer acquisition, while just 6% say they devote the majority to customer retention, per results from a new BIA/Kelsey study. The researchers argue that the greater share of spending being devoted to customer acquisition programs may be a result of buying habits rather than preference. Indeed, the study also finds rising interest in loyalty programs, which could cannibalize some dollars from customer acquisition programs.

via SMBs Devoting More Marketing Dollars to Customer Acquisition Than Retention.