Insights from our global survey of 4,287 SMB decision-makers
Meet the SMB
Engaging small and medium businesses at the tipping point for growth
More than two thirds of all employed people work for Small or Medium-sized Businesses (SMBs), which contribute 50% of GDP worldwide.
SMBs are an engine of innovation, often nimbly responding to new opportunities faster than larger businesses can. Understanding the richness of the B2B opportunity on LinkedIn means understanding the richness and diversity of SMBs that are active on LinkedIn. In this study, we identify the moments when small businesses start to invest in becoming scalable businesses, investing in a wide range of services and solutions, and how they make buying decisions when they do.
This survey reveals how marketers can engage SMB decision-makers at the point when they begin to invest seriously in growth, building loyalty that lasts as small businesses become scaling businesses.
Why treating all SMBs the same misses the real opportunity
For the average SMB, when they hire their eleventh employee, this is the tipping point. They invest in a wider range of solutions and services, increasing productivity and catapulting growth.
SMBs with more than 10 employees are in-market for a wider range of B2B products and services.
Average category budgets increase by 3-4x.
Their headcount growth accelrates and their mindset and buying behavior starts to change.
SMBs with more than 10 employees have:
3.5x higher budgets for payroll services
3x higher budgets for IT
4.7x higher budgets for advertising and media
5.3x higher budgets for logistics
3.1x higher budgets for office space
SMBs at the growth threshold: six key insights for marketers
Engaging SMBs at this growth tipping point unlocks immediate opportunity for marketers. It builds brand loyalty that lasts as SMBs continue expanding and investing in their businesses
Insight 4:
SMB decision-makers associate LinkedIn with growth, optimism, confidence and motivation
Insight 3:
As SMBs grow, they pay even more attention to insights and expertise on LinkedIn
Insight 1:
SMBs at the growth threshold gather together on LinkedIn
LinkedIn is the social platform where marketers find the greatest concentration of SMBs reaching the growth tipping point. On LinkedIn, SMBs have more employees, higher revenues and are more likely to have decision-makers who lead teams.
81% of SMBs on LinkedIn have over 10 employees
SMBs on LinkedIn are 37% more likely to have revenues of $10 million or more
Insight 2:
Winning a share of SMB growth budgets means marketing to a buying committee
When SMBs start buying from more categories and investing bigger budgets, they also start making buying decisions differently. They form buying committees, consider shortlists and take longer over purchases rather than relying on snap judgments from a single decision-maker.
Only 1 in 2 SMBs say they make purchase decisions alone
SMBs with 10-50 employees are 18% more likely to involve multiple decision-makers in one purchase
Insight 3:
As SMBs grow, they pay even more attention to insights and expertise on LinkedIn
SMBs rate LinkedIn as the most valuable platform for helping them grow their businesses, and the bigger they get, the more likely they are to reach out to connections on LinkedIn for advice.
SMBs' engagement with content on LinkedIn has grown 25x in the last two years
68% of SMB decision makers say spending time on LinkedIn feels like an investment in their business
Insight 4:
SMB decision-makers associate LinkedIn with growth, optimism, confidence and motivation
LinkedIn is the channel that SMBs most associate with growth. They leverage it for sales and marketing, learning and development, networking and for hiring. As a result, they are at their most ambitious, optimistic, confident and motivated on LinkedIn.
52% of SMB decision-makers on LinkedIn play a role in helping their companies innovate
68% of SMBs use LinkedIn to find new leads and customers, more than any other platform
Insight 5:
SMBs value video content on LinkedIn
SMBs find meaning in the video ads and content that brands post on LinkedIn. Inspirational and informative video content aligns with the forward-thinking mindset of SMBs as the growth threshold.
65% of SMBs value video ads on LinkedIn
70% of SMBs value posts from companies in their LinkedIn feed
Insight 6:
SMBs seek out thought leadership on LinkedIn
SMB decision-makers actively seek out insights from industry leaders and experts on LinkedIn. Amplify your brand through trusted influencers and thought leaders with Thought Leader Ads.
75% of SMB decision-makers value insights from leaders and experts in their own industry
72% value insights from leaders and experts in other industries
For a global analysis of the growth tipping point for SMBs and strategies for building strong brand partnerships as they expand, explore the full Meet the SMB report.
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“To effectively market to small and mid-sized businesses, you need to be an expert in their unique needs and challenges. This understanding comes from building genuine connections between your brand and SMB customers with personalized messaging and experiences. Marketers cultivate these relationships and drive better business outcomes by continuously learning, experimenting, and optimizing their marketing efforts.”
Daniel BueckmanGlobal Media Director
Intuit Mailchimp -
“For Appnomix, LinkedIn is a revenue-generating tool, a business development tool and a marketing tool, but it’s also a tool that gives me a perspective on the market. I love getting information from brands on LinkedIn. I follow every brand I’m interested in, whether they’re competitive or complementary.”
Ian NewfeldCEO
Appnomix -
“The people within SMBs who are most likely to use our product are those in the marketing, sales or customer success function, so we can recognize opportunities by looking at businesses that have just made their first sales or marketing hire. That’s often when they’re somewhere between six and 10 employees. Another key point is the moment when they raise Seed or Series A funding and they start ramping up growth. That’s when we want to position ourselves as the platform for their go-to-market.”
James GilbertVP of Partnerships
HubSpot -
“It’s easy to see a big brand and assume it has always been a household name. But FedEx started as a small business, which is part of why the company is passionate about helping other small businesses scale and succeed. Growing businesses reach critical thresholds where balancing operational realities with rising customer expectations is essential. At these moments, adaptability is key."
Brennan BrownDigital Marketing Advisor
Small & Medium Business Go-To-Market at FedEx