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 # GoDaddy Venture Forward Report | Summer 2023 | U.S. Edition: Microbusiness Activity Index

 


 

 Sep 26, 2023 10:00 AM ET

  Campaign:  [GoDaddy | Microbusiness](/news/campaign/godaddy-microbusiness)  ![Microbusiness Activity Index. Chart showing snapshot of 2023 scores by County.](/sites/default/files/styles/carousel_2x/public/images/Venture%20Forward%20Microbusinesses_GoDaddy_9.18.23A.png) 

 

 ![Which industries saw the greatest change to online revenue growth chart.](/sites/default/files/styles/carousel_2x/public/images/Venture%20Forward%20Microbusinesses_9.18.23B.png) 

 

 

      

   ![Microbusiness Activity Index. Chart showing snapshot of 2023 scores by County.](/sites/default/files/styles/carousel_thumbnail_x2/public/images/Venture%20Forward%20Microbusinesses_GoDaddy_9.18.23A.png?h=8b31135d)   ![Which industries saw the greatest change to online revenue growth chart.](/sites/default/files/styles/carousel_thumbnail_x2/public/images/Venture%20Forward%20Microbusinesses_9.18.23B.png?h=8b31135d) 

 

 

[As originally published by GoDaddy’s Venture Forward research initiative](https://www.godaddy.com/ventureforward/wp-content/uploads/2023/08/VF-Report_Summer-2023_20230830_in_.pdf "https://www.godaddy.com/resources/advocacy/summer-2023-venture-forward-microbusiness-report")

**Microbusiness Activity Index**

**GoDaddy Venture Forward and UCLA Anderson Forecast economists developed a way to capture microbusiness activity since 2019 via the Microbusiness Activity Index (“MAI”), which is comprised of three sub-indices:**

1. **Infrastructure Index**   
    Measures how ready for microbusiness entrepreneurship an area is, as indicated by the level of physical infrastructure (internet) and intellectual capital available in the area.
2. **Participation Index**   
    The number and growth rate of both GoDaddy online microbusinesses in the area and the entrepreneurs who create them.
3. **Engagement Index**   
    A combination of 7 measures of activity, such as economic footprint and website traffic levels.

The latest 2023 report is available to download from [here](https://www.godaddy.com/ventureforward/wp-content/uploads/2023/05/MAI_microbusiness_202304_v03.pdf).

**Snapshot of Q2 2023: MAI Scores by County**

**Avg. Rural** < 100 ppl./square mile

- MAI Score: 101
- Infrastructure: 102
- Participation: 100
- Engagement: 101

**Avg. Suburban** 100 – 500 ppl./square mile

- MAI Score: 106
- Infrastructure: 110
- Participation: 101
- Engagement: 101

**Avg. Urban** > 500 ppl./square mile

- MAI Score: 110
- Infrastructure: 116
- Participation: 104
- Engagement: 100

*Source: GoDaddy/UCLA Anderson Forecast MAI Update, Q2 2023*

**A DEEPER DIVE**

**Year-over-year trends offer insight into which industries gain and lose popularity for e-commerce, measured here by the change in online sales.**

When comparing April-June of 2023 to 2022, we observed a dip in spending in the Events and Weddings categories. Looking at the same time period change, Media and Personal Services were the top gainers, growing over five times, while sales associated with Pets almost tripled!

**Which Industries Saw the greatest change in online revenue growth?**

Year-Over-Year Average Revenue Change by Industry (Q2 2022 - Q2 2023)

**Top 5 Industries (by % ) Gain**

- Media: 463%
- Personal Services: 415%
- Business: 197%
- Software: 197%
- Pets: 194%

**Bottom 5 Industries (by % Loss )**

- Performer: -77%
- Events: -50%
- Consulting: -50%
- Marketing: -45%
- Wedding: -41%

**Industry Glossary as Self-Reported by Website Owner**

- **Media:** Journalists, independent media, and information sources
- **Personal Services:** Hair/nail salons, laundry/drycleaning, home cleaning services
- **Business:** Stand-alone businesses lacking other categories
- **Software:** Software developers and software development companies
- **Pets:** Pet care, pet supplies, pet sales
- **Performer:** Musicians, street performers, forhire entertainers
- **Events:** Conferences, seminars and parties
- **Consulting Services:** Microbusiness consultants of any industr**y**
- **Marketing:** Services related to marketing

**GoDaddy Venture Forward Report** | **Summer 2023 | U.S. Edition**

This report is powered by the latest data from [Venture Forward](https://www.godaddy.com/ventureforward/wp-content/uploads/2023/08/VF-Report_Summer-2023_20230830_in_.pdf), a GoDaddy research initiative to quantify the presence and impact of over 21 million online microbusinesses on their local economies, while shining a light on the entrepreneurs behind them. Our goal is to empower anyone who advocates for entrepreneurs with robust data and insights that can’t be found elsewhere.



 

 

 

 

 

 

 

 [![GoDaddy Logo.](/sites/default/files/Clients/godaddy_logo.png)](/profiles/godaddy)

 



 

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