The Customer Journey Is Becoming the Small Business Treasure Map

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News Source : pymnts.com

News Summary

  • A new report says companies that track where customers come from significantly outperform those that do not.
  • Mobile apps and social media are drawing future investment because they extend a business beyond its physical footprint.
  • While mobile sales channels are widely used, physical locations still account for a substantial share of revenue.
  • Most SMBs operate with a hybrid model, combining digital and in-person experiences.
  • Overall, 61% of SMBs fall into the hybrid category, while digital channels generate 57% of average sales compared with 41% from physical channels.
For many small businesses, revenue growth starts with a tap on a smartphone screen, because thats where most customers already are.

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