The Amercan Express OPEN Small Business Monitor reports that small business owners are increasingly citing "growing their business" as their top priority. The study showed that 44% of entrepreneurs were using social media to attract new customers (35% Facebook, 15% LinkedIn, 10% Twitter, 8% blog, 8% YouTube). For overall marketing strategy, the top strategies were company website (65%), search engine optimization (36%) and online social networking (35%).
Sources: "Small Business Investing in Growth," MediaPost Research Brief
American Express OPEN Small Business Monitor Spring 2011 Report