{"id":50831,"date":"2019-09-27T18:47:00","date_gmt":"2022-10-18T18:47:04","guid":{"rendered":"https:\/\/www.salesforce.com\/?p=50831"},"modified":"2022-10-27T21:03:12","modified_gmt":"2022-10-28T04:03:12","slug":"smb-insights-customer-acquisition-and-retention","status":"publish","type":"post","link":"https:\/\/www.salesforce.com\/au\/blog\/smb-insights-customer-acquisition-and-retention\/","title":{"rendered":"SMB Insights: Customer Acquisition And Retention"},"content":{"rendered":"\n<p>SMBs are major drivers of economic growth, representing more than 90% of the business population, 60%\u201370% of employment, and <a href=\"https:\/\/www.wto.org\/english\/res_e\/booksp_e\/world_trade_report16_e.pdf\" target=\"_blank\" rel=\"noopener\">55% of GDP in developed economies<\/a>. So while the businesses may be small, their collective impact is mighty.&nbsp;<\/p>\n\n\n\n<p>We spoke to more than 2000 SMB leaders and owners across the globe for our latest Small &amp; Medium Business Trends Report \u2013 in a three-part infographic series, we\u2019re diving into the findings. Here\u2019s part two.<\/p>\n\n\n\n<p>SMB leaders are an optimistic lot but know they\u2019ve got their work cut out for them when it comes to keeping up with customer expectations.&nbsp;<\/p>\n\n\n\n<p>Securing new customers and keeping them satisfied is at the heart of business success. Delivering <a href=\"https:\/\/www.salesforce.com\/au\/blog\/2019\/05\/5-ways-savvy-builds-customer-satisfaction-and-trust-into-financi.html\" target=\"_blank\" rel=\"noopener\">amazing CX and building trust<\/a> demands innovative solutions and a finger on the pulse of trends and new technologies.&nbsp;<\/p>\n\n\n\n<p>Enterprises might have the upper hand when it comes to resources but that\u2019s not stopping SMBs from having a red hot go, and using emerging technology to level the playing field.&nbsp;<\/p>\n\n\n\n<p>Let\u2019s take a closer look at the challenges SMB leaders are facing and the solutions they\u2019re turning to in the race to win and keep customers.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><a href=\"https:\/\/www.salesforce.com\/au\/form\/pdf\/2020-small-business-trends-report\/?d=7010M000002N3OiQAK&amp;nc=7010M000002N3OdQAK\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/www.salesforce.com\/au\/blog\/wp-content\/uploads\/sites\/4\/2022\/10\/SMB-trends-ANZ-2_FINAL-scaled.jpg?strip=all&#038;quality=95\" alt=\"SMB Insights: Customer Acquisition and Retention\"\/><\/a><\/figure><\/div>\n\n\n\n<p>Check out\u00a0<a href=\"https:\/\/www.salesforce.com\/au\/blog\/2019\/09\/smb-insights--demographics-shape-entrepreneur-experience.html\" target=\"_blank\" rel=\"noopener\">part one: Demographics shape entrepreneur experience<\/a>\u00a0and\u00a0<a href=\"https:\/\/www.salesforce.com\/au\/blog\/2019\/09\/smb-insights--customer-experience-.html\" target=\"_blank\" rel=\"noopener\">part three: Customer experience.<\/a><\/p>\n\n\n<aside class=\"contextual-driver has-text-align-left\">\n\t<header>\n\t\t<h2 class=\"tidbit-head\">\n\t\t\tInsights from 2,300+ business owners and leaders\t\t<\/h2>\n\t<\/header>\n\t<div class=\"tidbit-body\">\n\t\t<p>For more insights on SMBs across ANZ and globally,\u00a0download the Small &amp; Medium Business Trends Report.<\/p>\t<\/div>\n\t\t\t<p class=\"tidbit-link label\">\n\t\t\t<a class=\"label has-right-arrow has-right-arrow--small\" href=\"https:\/\/www.salesforce.com\/au\/form\/pdf\/2020-small-business-trends-report\/?d=7010M000002N3OiQAK&#038;nc=7010M000002N3OdQAK\" target=\"_blank\">\n\t\t\t\t<span>Download the Report<\/span>\n\t\t\t\t\n<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 14 10\"><path d=\"M13.92 5.38a1 1 0 0 0 0-.76.9.9 0 0 0-.17-.26.3.3 0 0 0 0-.07l-4-4a1 1 0 0 0-1.46 1.42L10.59 4H1.07a1 1 0 0 0 0 2h9.52l-2.3 2.29a1 1 0 0 0 0 1.42 1 1 0 0 0 1.42 0l4-4a.3.3 0 0 0 0-.07.9.9 0 0 0 .21-.26\" \/><\/svg>\n\t\t\t<\/a>\n\t\t<\/p>\n\t\t\t\t<img class=\"tidbit img-einstein\"\n\t\tsrcset=\"\n\t\t\thttps:\/\/www.salesforce.com\/au\/blog\/wp-content\/themes\/newsroom\/assets\/images\/article-tidbit-einstein-large@0.5x.png 84w,\n\t\t\thttps:\/\/www.salesforce.com\/au\/blog\/wp-content\/themes\/newsroom\/assets\/images\/article-tidbit-einstein-large@1x.png 168w,\n\t\t\thttps:\/\/www.salesforce.com\/au\/blog\/wp-content\/themes\/newsroom\/assets\/images\/article-tidbit-einstein-large@2x.png 336w\n\t\t\"\n\t\tsrc=\"https:\/\/www.salesforce.com\/au\/blog\/wp-content\/themes\/newsroom\/assets\/images\/article-tidbit-einstein-large@1x.png\"\n\t\talt=\"Illustration of einstein\"\n\t\tsizes=\"(min-width:1024px) 175px, 130px\"\n\t>\n\t<\/aside>\n\n\n\n\n<p><a href=\"https:\/\/www.salesforce.com\/au\/form\/pdf\/2019-small-business-trends-report?d=7010M000002N3OiQAK&amp;nc=7010M000002N3OdQAK\" target=\"_blank\" rel=\"noopener\">  <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>We spoke to more than 2000 SMB leaders and owners across the globe for our latest Small &#038; Medium Business Trends Report \u2013 in a three-part infographic series, we\u2019re diving into the findings.<\/p>\n","protected":false},"author":1,"featured_media":50833,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"sf_justforyou_enable_alt":true,"optimizely_content_id":"1059ce09ac4e4e9ca6617ab28548a240","post_meta_title":"","ai_synopsis":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"sf_topic":[2485,2480,2517,2472,2555],"sf_content_type":[],"coauthors":[2454],"class_list":["post-50831","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","sf_topic-data-culture","sf_topic-customer-success","sf_topic-customer-journey","sf_topic-small-business","sf_topic-smb-digital-marketing"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - 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