“I’ve decided I am not going to participate in the recession.”
By Scott Lorenz on Jul 1, 2008 In Announcements | Send feedback »
“I’ve decided I am not going to participate in the recession.” Use that mantra and you’ll be making decisions based upon possibilities rather than fearing the future. Marketing during a recession is critical. Those businesses that do not market in a recession will be a victim of its wrath.
Five Reasons Why Marketing During a Recession is a Good Idea
1. Your competitors will be pulling back their efforts, as a result your business can increase market share.
2. Not everybody is out of a job or hurting despite the bad economic news. The remaining people still have needs and more importantly money to spend.
3. Remember it’s a Recession NOT a Depression. In fact for the past five decades the average length of a recession has been just 11 months.
4. Better prices from media outlets, direct mailers and publications. Why? Their business is down so they’ll be willing to deal to get your business so be prepared to negotiate.
5. You’ll get more business on the other side of the recession when it’s over.
There are many more reasons to keep the fire lit under your marketing campaign during a recession. The bottom line: Don’t let all of the negativity in the media stop you from continuing to promote your business during these turbulent economic times.
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