A lot of marketing folks are feeling like they’ll be lucky to post craigslist ads at the current pace of marketing budget reductions. Pretty soon your company will be relying solely on “word of mouth” to sell their product or service, right?
We hear you. And, believe it or not, we talk with a lot of companies whose trade show budgets are getting the ol’ “knife in the back & chased with a chainsaw” treatment.
You’re not alone!
There’s a reality to it all - by marketing during a recession you’re not likely to see exponential growth (gasp!). In fact, sales might continue to contract, depending on what type of business you’re in, or what kind of product/service you offer. But there’s also a secret that most every successful business guru or entrepreneur knows (which makes it a very poorly kept secret, like that book called The Secret, which I always resented for that reason… but I digress):
Companies that continue to strongly market themselves during recessions come out ahead of their competition after the recession. In effect: Recessionary marketing trends decide who wins after the recession.
I even have a graph and a link to prove my point:
& Link
The good thing, believe it or not, is that this recession has also had an effect on the cost of marketing tools. Exhibits, in particular, are being offered for less than ever before, with innovative technologies available to make a greater impact than has ever been possible.
While a price break for exhibitors may not take the sting out of that knife firmly lodged in your back (the recession), it will at least keep you a few steps ahead of that guy with the chainsaw. Scary lookin’ fella, isn’t he? Sheesh.