When Times Get Tough... or When to Really Advertise

The Pundits say the economy is slowly, but surely, recovering. Maybe not at the rate of the mid-90s stock boom, but recovering nonetheless.

It must be true, because ad agencies are running Help Wanted ads. So, ad budgets are getting bigger. Tsk tsk. They have been missing out. Actually, for maverick thinkers like you, that should be good news.

When the Pundits say, "Times are getting tougher," usually the first thing to get axed in business are ad and marketing budgets. This makes nearly no sense. But, to your competition, you should say, "Tighten that belt another couple of notches!"

Because that's when you go for the kill.

So-called "tough economic times" should be a boon to your marketing. It's then that your competition will pull back their advertising efforts. And you should increase yours. Your competition is purposely weakening its position. It is the perfect time to fortify yours.

Since most others are cutting back on their ad spending, media becomes more negotiable, if not altogether cheaper. Your messaging can become more visible with less clutter.

Your message also needn't be more hard-sell in this type of environment. Traditional notion dictates hard sell is the way to go. But proper strategy, creatively executed, will nearly always win over a hard sell approach. Creative ads always get noticed, and often garner free publicity.

Of course, you don't want to confuse "Bad Taste" with "Creative." If you have the proper strategy, that shouldn't be much of a concern. If you are presented ad concepts that bother you on a deeper level (more than the placement and size of your logo or other such trifles), maybe it's time to address the strategy as much as the concepts.

The big payoff really comes when bad economic times rebound into good. When people have more money to spend, your business will have a higher, better mind share than the folks who chose not to advertise. Higher mind share leads to higher market share when the public starts buying again.

There's the story of a brand of peanut butter that, due to government-mandated conversion of its factory for the effort during World War II, was not even commercially available. Yet, the brand was consistently advertised. When the war was over, guess which brand had higher market share?

And it's in this atmosphere of free spending that market share is hardest to hold onto. More dollars to throw around, more choices, the market gets diluted. Why not go into that phase the leader, or the biggest gainer?

So, when your competition rolls back their ad spending, pump yours up. You stand only to benefit from the less-competitive atmosphere. Still a little unsure? Then set up a dollar cost averaging system for marketing. Spend the same amount every week, every month, every quarter. You might be surprised you get more results in "down turned" markets.

Marketing is everything. If it weren't, your company would only subsist on word of mouth and chance.~

Republishing part of or entire article, in all forms, is welcomed, as long as author bio info is printed and proper authorship credit is given. As a courtesy, please send author a complimentary copy.

John is a freelance commercial writer based in Omaha, Nebraska. He publishes a free monthly e-zine focusing on branding, advertising, and marketing from his web site http://www.brandedbetter.com. Speaking with both agency and in- house experience, he knows the most valuable asset of a business is its brand.


Print Your Marketing Postcards For A Penny, Address Them For Free, and Automate the Whole Process < Advertising Monster > Reach vs. Frequency: Touch 100 Once or 25 Four Times?

Advertising Monster
More Articles about Advertising:
  1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25
The Secrets of High Money Classified Ads
When used effectively, classified ads can be one of the quickest and most inexpensive ways to increase your sales. Once you have discovered how to harness the power of these classified ads, you really won't need to run expensive display ads at all.
Custom T-shirts -- Put Your Company Logo on Cotton!
An online screenprinter that we find very reputable for printing company apparel and custom t-shirts is DesignAShirt. You can use customized apparel to outfit your employees as well as to contribute a sense of professionalism and reliability to your company.
Do Your Business Cards Say Who You REALLY Are?
Here are a couple of tips for creating an eye catching card. She has spoken to 10,000+ conference attendees, about Marketing, Internet Business and Motivation.
How to SAVE Yourself from Spending too Much Money on Advertising!
So these are what you need to do that will be totally Critical to Your Success and save you from spending too much on advertising. I'm not saying that you should stop spending money on Advertising, if your advertising is making you money today.
Advertising Inserts
If your current newspaper advertising is not pulling for you the way you wish it were, try inserts next time. Inserts in weekly newspapers are awesome.
What are Text Adverts?
Text Adverts are inserted into the main pages of a website. Text Adverts, by comparison, are small, effective, and most importantly, respectful of users.
Does Your Brochure Pass the Test - Or is It Headed for the Trash? Part Two
If you don't follow these 4 tips, then you brochure is probably headed for the trash. You want to reinforce the fact that your company is different and better than the competition.
How Much Money Do I Need to Spend on Advertising?
I've never really done much advertising for my business; I've always relied on networking and word-of-mouth. Assume that my business is projected to do $1 million in sales this year, I have a profit margin of 48 percent, and my rent is $36,000 per year.
The ONLY Type Of Advertising People LOVE!!
That's the secret behind this type of advertising!!!And that's why it's The ONLY type of advertising people love. The type of advertising I'm referring to is promotional items, also known as advertising specialties.
Make the Right Advertising Decisions
Advertising involves making the right decisions, and what may be right for one company is usually not appropriate for the next. Those new to advertising often make the mistake of spreading funds too thin across several media, resulting in ineffective results.
Most Popular:
© Copyright 2010 advertisingmonster.info

Ads News