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| Why You Need Promotional Products During A Recession |
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| Written by Jules Rosen |
| Sunday, March 15, 2009 |
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The financial slump and impending economic recession has taken its toll on the global business and marketing. Most firms are showing a dismal outlook and looking out for cost-saving tactics and restraints in all business areas. Marketing and advertising is no exception and has been badly hit with reduced budgets and expenditures.
However, one needs to get into guerrilla marketing and promotional strategies to beat the impact of recession. If most of your competitors are on a withdrawal trend, you need to take the anti-cyclical route which should be a strategic enough to fetch increased return on investment in future. In the event of a receding economy, keep your advertising budget steady if not on an increasing trend, to enhance your visibility, sales and market share. A normal or booming economy, every company increases its advertising and promotional budgets, there is a barrage of advertising exposure, and as a result the consumer pays less attention to any of your efforts. Also, due to increased demand, advertising prices are also on the peak. You end up with huge advertising expenditures and less than expected returns. When we apply the same fundamentals to an economy in depression, you get favorable advertising prices and better awareness of your marketing campaigns, as your competitors are lying low. The bottom-line is that you make more profits out of low investments. In other words, returns are higher from low input and more output. |



