82.5% of marketers plan to increase SEO spending in 2024

June 21, 2024 Posted by Sean Walsh Round-Up 0 thoughts on “82.5% of marketers plan to increase SEO spending in 2024”
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Sean Walsh
Director at Intelligency

Sean is a Director at Intelligency heading up our digital marketing and client services operations. Sean has 15+ years experiencing working both in-house and agency with brands including Lloyds, Alstom, Hitachi, Lufthansa, Viaplay, DFDS Seaways and Mercedes-Benz.

In a recent survey conducted by Ignite Visibility, 82.5% of marketers revealed their intention to increase their SEO budgets in 2024. This significant investment shift underscores the growing importance of search engine optimization (SEO) in the digital marketing landscape. Notably, content marketing is set to receive the largest share of this increased budget.

The push for higher SEO budgets

The decision by such a large proportion of marketers to boost their SEO spending is a clear indicator of the evolving priorities within the industry. As competition in the digital space intensifies, businesses are recognizing the critical role that SEO plays in driving organic traffic, enhancing online visibility, and ultimately, generating revenue.

Content Marketing: The biggest beneficiary

Within the broader SEO budget, content marketing is emerging as the primary focus for many businesses. This shift is driven by the understanding that high-quality, relevant, and engaging content is essential for attracting and retaining customers.

By investing more in content marketing, companies aim to create valuable resources that resonate with their audience, improve search engine rankings, and establish their authority in their respective industries.

Why Content Marketing?

Several factors contribute to the emphasis on content marketing:

  • User-Centric Focus: High-quality content that addresses the needs and interests of users is favoured by search engines, leading to better rankings.
  • Engagement and Retention: Compelling content not only attracts visitors but also keeps them engaged, encouraging longer site visits and higher conversion rates.
  • Brand Authority: Consistently producing informative and valuable content helps establish a brand as a thought leader in its industry.

SEO as part of a multi-channel strategy

While increasing SEO budgets is crucial, it’s important to recognize that SEO should be part of a comprehensive multi-channel marketing strategy. Here’s how SEO works alongside other channels:

  • PPC (Pay-Per-Click): SEO and PPC can complement each other by targeting both organic and paid search results. This dual approach maximizes visibility on search engine results pages (SERPs) and helps capture a larger share of traffic. Insights from PPC campaigns can also inform SEO strategies by identifying high-performing keywords.
  • Social Media: Social media platforms are excellent for distributing content and engaging with audiences. Social signals, such as likes, shares, and comments, can indirectly influence SEO by driving traffic to a website and increasing its authority.
  • Email Marketing: Email campaigns can drive traffic to a company’s website, enhancing its SEO efforts. By promoting high-quality content through email newsletters, businesses can encourage repeat visits and foster customer loyalty.
  • Affiliate Marketing: Affiliates can generate backlinks to a company’s website, improving its SEO ranking. Additionally, affiliates often promote products and services across various channels, increasing brand exposure and driving traffic.

Implications for businesses

For businesses, this trend means that staying competitive will require a strategic approach to SEO and content marketing, integrated with other marketing channels. Here are a few steps companies can take:

  • Allocate Resources Wisely: Prioritize investment in content creation and optimization to ensure it aligns with SEO best practices.
  • Focus on Quality: Invest in creating high-quality, original content that provides real value to your audience.
  • Coordinate Across Channels: Ensure that SEO efforts are integrated with PPC, social media, email, and affiliate marketing strategies for a cohesive approach.
  • Stay Updated: Keep abreast of the latest SEO trends and algorithm updates to ensure your content remains effective.

In summary

The decision by 82.5% of marketers to increase their SEO budgets in 2024 highlights the growing recognition of SEO as a vital component of digital marketing strategy. With content marketing receiving the largest share of this investment, businesses are poised to enhance their online presence and drive growth through high-quality, user-centric content.

As the digital landscape continues to evolve, a strong focus on SEO, integrated within a multi-channel strategy, will be crucial for businesses aiming to stay ahead of the competition.

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