02/09/2022
Iβm sharing this again because itβs becoming more and more relevant.
Your business may have been quite over the last couple of months, but kids go back to school now and life will ramp up again. Make your marketing does too!!
I've been reading some scary advice about scaling back your marketing to reduce costs during this economic downturn, but this is the worse thing you could do. Why?
Historical evidence reveals that scaling back your marketing may actually cause greater issues in the long term. A study that examined the recessions of 1949, 1954, 1958, and 1961 revealed that the companies that reduced their advertising during these events not only saw reduced business during the recessions themselvesβ¦this reduction in business carried over to the years after the recessions as well. A similar pattern could be seen after the 2008 recession.
On the other side of the coin, McGraw-Hill Research examined the recession of 1985, and found that maintaining a marketing budget during that time allowed companies to increase their sales by 256 percent as compared to those who cut their budgets.
(Data Source: www.joomconnect.com)
So rather than scaling back your marketing, ensure that your marketing is on point, you have clear customer personas, a clear marketing message, clear goals and call to actions.
If this all sounds overwhelming and time consuming, don't worry, I can help.
DM me, contact me via the link in bio or at simonemardell.co.uk and let's double down on your marketing!
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