Recently, the social media is emerging as a source that users can obtain the necessary information effectively. That is, the companies and individual business operator are often using online marketing as a way of advertisement to improvement the purch...
Recently, the social media is emerging as a source that users can obtain the necessary information effectively. That is, the companies and individual business operator are often using online marketing as a way of advertisement to improvement the purchase behavior of consumers and sales increase. And, the research on this online marketing is actively conducted but the research on the online marketing for small business is insufficient. Therefore, this study analyzes the influence of small business on the business performance by utilizing online marketing channel.
Based on this background, this study conducts the survey targeting 300 small businesses located in Jeollanam-do for 4 months from September 1, 2021 to December 31, and analyzes the influence of blog marketing, instagram marketing, homepage marketing and Youtube marketing which are sub-factors of online marketing on the business performance.
The results of study are organized as follows.
The results that verify the influence of sub-factor of online marketing on the business performance of small business are as follows.
First, instagram marketing, homepage marketing and Youtube marketing which are sub-factors of online marketing have significant influence on the financial performance while the blog marketing is found to have no significant influence on the financial performance. Second, all the factors excluding blog marketing among sub-factors of online marketing are found to have the significant influence on non-financial performance.
Next, the results that verify the control effect between sub-factors of online marketing and fund support are as follows.
First, Instagram marketing, sub-factor of online marketing is found to have significant influence on the financial performance of small business through fund support, and other factors are found to have no significant influence. Second, blog marketing and instagram marketing, sub-factors of online marketing are found to have significant influence on the non-financial performance of small business through fund support, and other factors are found to have no significant influence.
Finally, the results of verifying independent sample (t-test) and one-way ANOVA to verify the group specific difference are as follows.
First, as a result of t-test analysis depending on the sex, it is found the men perceive the fund support more importantly than women. Next, the results of one-way ANOVA are as follows. The small business of which business history is 7 years or more perceive the homepage marketing more importantly than the small business of which business history is under 1 year and 1~3 years.
Second, Instagram marketing and business performance show the difference depending on the business type, and it is found the manufacturing related service business, accommodation and restaurant business perceives instagram more importantly than other business types while other business types perceives business performance more importantly than general manufacturing business, manufacturing related service business, accommodation and restaurant business.
Third, Instagram marketing, homepage marketing, Youtube marketing, fund support, business performance show the difference depending on the sales, and it is found the small business of which sales is 50 million Won ~ 100 million Won perceives more importantly than the small business of which sales is under 50 million Won.
Fourth, blog marketing, homepage marketing, Youtube marketing, business performance show the difference depending on the employment scale, and it is found the business of which employment scale is 2 or more perceives more importantly than the business of which employment scale is 1. Fifth, blog marketing, Instagram marketing, homepage marketing, Youtube marketing, fund support, business performance show the difference depending on the online use period, and it is found the small business that uses online marketing for 1 year or more perceives blog marketing, Instagram marketing, Youtube marketing, fund support more importantly than the small business that doesn’t use online marketing.
The implications of this study are as follows.
First, it is hard for small business to proceed with the marketing through traditional channels due to restriction in cost and time. Therefore, the government and local government should support so that the small business can select the tools suitable to the reality along with online marketing education through fund support for their direct operation of online marketing. Second, Small business shows the lowest observational variable value that posts product-related information through Instagram marketing and Youtube marketing.
Therefore, it is necessary to actively present product-related information for the convenience of customers in the future. Third, it is found blog marketing and Instagram marketing have a significant effect on the non-financial performance of small businesses through fund support. Therefore, in order to improve customers' trust in small business and satisfy customers' purchase of products, it is necessary to actively utilize blog marketing and Instagram marketing to raise customer awareness. Fourth, it is found that small businesses that used online marketing for one year or more perceives online marketing, government fund support, and business performance more importantly than small businesses that doesn't use online marketing.
Therefore, it is necessary to prepare the personal support system with expertise so that the New start-up 1 to 3 years, small business in the early stage of business can activate online marketing. Fifth, because there might be ethical risk that can abuse this system even if the fund support for the activation of online marketing is prepared, to minimize the unnecessary support, the systematized system should be created and implemented.
Finally, the restriction and the future tasks of this study are as follows.
First, the restriction of targeting small business in Jeollanam-do only has brought the restriction in applying the result and the implications of this study to all national small business uniformly. To this end, if the future study conducts the research targeting the small businesses nationwide, it is judged to supplement the restriction on non-standardization. Second, there are many methods for online marketing, but this study restricts the sub-factor of online marketing to blog marketing, Instagram marketing, homepage marketing, Youtube marketing, and it has restrictions in deducting and generalizing the significant results.
It is judged the future study will compensate the limit of generalization if it researches with various marketing method. Third, the government and local government’s various support systems are being implemented, but this study selects the find support system only for study. Therefore, in the future, it will be necessary to study how the small business support system affects business performance through research on more diverse support systems such as education support and tax support.