To market or not to market? – that is the question
Wednesday, July 14th, 2010I think this recession is getting tedious, very tedious indeed.
We have had two years of battening down the hatches and the “sunlit uplands” should be beckoning us forward.
The news of cuts – the media battle over this issue is a subject “entire of itself” and can be covered later – keeps our breadths held.
So what do you do?
Do you not spend anything other than on the business basics? Do you spend marketing budget and compete for the business that is out there?
I know that some companies are networking and marketing like crazy to get through and indeed prosper, others are withdrawing.
There are undoubtedly businesses that are succeeding. I know an independent traditional printer that is very busy and that is a sector where you might expect a company to fail in pressured times – not a bit of it.
It is succeeding through having a clear, targeted marketing strategy and through offering good service – nothing fancy you might say.
(I am making no value judgement on these that feel economic pain and those that don’t at all).
So back to my question and answer.
I think there is no choice as to whether you do marketing; there is a choice to how you do it.
This is a time for added awareness of your business, services or products, of building reputation. And more so about building trust than ever before – if companies are going to spend precious budgets, they will want to know that it is going to pay off and that means they will want to know you as well as what you offer.
“You would say that anyway” in terms of marketing and PR. Well yes, but if getting new business is as important as those other business essentials it would be hard to disagree.
The sharper amongst you will notice the quotes from Winston Churchill, John Donne and Mandy Rice-Davies (although the oft and misquoted version on this last one).



