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Alldigital Marketing Resources

25Nov

Marketing in a Recession

The attached article guide based on an article by Karen Pomazal  covers several reasons to "ride the recession" 

Recession impacts for marketing

  • Firstly customers consider their purchases more carefully, so review your proposition, to become more "Value" focussed.
  • It is more important in a recession to show the ROI on your marketing efforts
  • Increase nurturing so when customers are ready to buy, you are their first call
  • Tightly align your sales and marketing functions

Investing in a recession

As bigger brands with bigger market share pull back, this opens an opportunity for smaller brands to gain market share. Digital advertising costs are already 8% down, so now is a great time to up your PPC, Facebook or display advertising.

  • Capitalise on competitor churn
  • Focus on your own customers

 

7 to do's

1. Introduce and maintain agility

2. Turn off 'Nice-to-Have' campaigns

3. Double down on revenue attribution

4. Commit MORE resources to ABM

5. Analyse data for customer and market patterns

6. Invest MORE in brand-building initiatives

7. Publish MORE value-based content

Download the Marketing in a Recession full guide

 

 

About the Author

Attachments

  1. MarketinginaRecession2022.pdf 25/11/2022 13:44:35

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