If you are an actual small business, there’s a major possibility that you have no idea the meaning of marketing department jargon like like SMB, microbusiness and SOHO.
(Note: Much of this post can also be found on something I wrote recently for SmallBusiness.com. As “marketing to small businesses” is a topic I’m going to be writing about on RexBlog during the coming months, I decided to crosspost it here.)
As within any tribe of professionals, it’s normal for those who market products and services to small businesses to develop an inside language of buzz-terms and acronyms as shortcuts for long strings of words or common concepts. As business-to-business marketers can’t do what consumer marketers do when they describe customers as a set of demographics (women, ages 18-21, for example), marketing strategies for reaching small business decision makers tend to describe the customer by the size of a company (revenues or employees), the industry “vertical,” or other factors like location. For that reason, the proxies for consumer-like demographics have evolved into terms like:
- Small office/home office (SOHO)
- Small and mid-sized (or medium-sized) business (SMB)
- Small and medium enterprise (SME)
As marketing strategy terms, those labels may make sense. However, if you are not a marketer to small business, but an actual small business, there’s a big possibility that you have no idea what any of those terms actually mean. And even if you did, you’d likely prefer to be described as a small business, anyway.