Archive for March, 2009

Marketing and the Recession

Posted in Uncategorized on March 4th, 2009 by webmaster

Now is the time! With the world’s economy reeling now is the time to take advantage of this golden opportunity to grow and prosper. Those who take these steps will be in a prime position once things start to turn around.

Here are some of the steps that you should take right now:

1) Utilize non traditional forms of Marketing. Right now is the time to think Marketing 2.0. It is all about using what were once considered “non-traditional” forms of marketing; they are now becoming the norm. Right now is a prime time to take advantage of them. These forms of marketing are significantly less expensive than the traditional versions, which make them a perfect fit in any economic situation. Major industries are just getting started with them, which makes it a perfect time for a small to medium size to start and have that advantage.

2) Silence is not golden. Right now most companies are shrinking their marketing budgets and thereby shrinking their presence. Silence is deadly, by getting out there and using your marketing dollars wisely you can make sure that your company is heard. The real estate business is a prime example of how to make this work. With all of the issues that sector has had they are out there daily shouting “NOW IS THE TIME TO BUY!” They are smart, they are saying it enough and it is beginning to stick. Those companies that do not keep themselves heard may be in danger of disappearing from sight.

3) Sharing your pain. Think of taking advantage of renegotiated pricing with your vendors, they are feeling the pinch too. Right now is the best time to consider working with your current vendors to reduce their costs to you. Most will be happy that you are even moving forward with orders. It is a good time to look at everything from toner ink to the water tower.

4) Your game face. It is important to keep a stiff upper lip. Right now is the time to exude confidence. Having your clients see you in a positive and confident position will convey that very message. Showing them fear and doubt will only erode the confidence they have in you and your product and services.

5) Retool your office. Right now is the time to strengthen your position by having your staff focus on new ways to make your office run more efficiently. Take advantage of a slower period to review and revitalize everything your office does and every way you run your business. While continuing to focus moving forward, utilize the down time to strategize new methods for doing the same old tasks. This is truly working smarter not harder. In the end you will be ready to move more efficiently and prosperously when things turn around.

6) Keep your ear to the wall. Right now is the time to listen. Go to that mixer you have not had the time to go to until today. Now more than ever you should be considering the benefits of networking. Not only will it help with your contact list, you will also be hearing the word on the street. What is being said, what is being tried, what is working and what is not.

When you go home and listen to the doom and gloom on the news it is not that hard to lose your will. Whether you want to call it a recession or a depression now is the time to get out there and make it happen. By thinking and strategizing rather than reacting to the news you will put yourself in a position to succeed. Right now is the time!