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Ten top ideas for marketing in a recession

Here are some good ideas from C.Edward Brice Marketing Gimbal.

Top Ten actions for recession marketing.

1. You will live or die within your customer base: In times of economic uncertainty, when budgets are getting cut back, people buy from who they know. This means you’ve got to engage with the customer base more frequently and deeply than ever before. Might be a good time to start a customer community or referral program.

2. Customer marketing content becomes king: Content relating to customer ROI, success stories, problems solved etc becomes vital to your messaging success and sales support.

3. TCO & ROI are Mandatory: Understand how you reduce your total cost of ownership and what the ROI is for your solutions, and quantify these. See point # 3.

4. Measure Everything: Know what works, and what doesn’t, and stop what doesn’t.

5. Invest in Communications: Communications becomes a high ROI tactic in tough times. Use it! Make sure your PR firm is using all the social media tools at your disposal to get your message out. To this end if you don’t have a PR firm then start a twitter page, start a blog, brand a You Tube channel, and develop some viral content. Its low cost and it works.

6. Data is king. For push marketing make sure you have good enriched customer data so you can segment by multiple criteria. The more targeted you get, the more effective your message and conversation. In answer to your next question, Yes we still need some old school push marketing. I would not bet my career on hoping my blog generates business in a recession.

7. Use the phone. If you have a good inside prospecting and customer database and have access to tele-sales/marketing (insoruce or out) use it to keep engaged with customers. Work with sales to programatize blitz days, identify reasons to call, prospect within your database, and use your calling resources to do the initial selling before handing off to outside sales people (could lower your cost of sale). Be careful where you use tele in the demand funnel. Note I said “inside prospecting database”. Pure outbound cold calling is very expensive, and not very effective unless your value proposition is incredible.

8. Stay close with sales. You’re in this boat together and you will either join forces or sink. Work with sales; understand what is and what is not working. Develop strong joint measures.

9. Have a Strategy. Strategy is about sacrifice and if everything is a priority then nothing is a priority. If you have no priority then you will sprinkle your marketing dollars all over the place and have no impact. No impact says good bye to your job in the next round of cost cuts. Ask the hard questions. Is segment x more important that segment y? Is Country B more important that Country C?

10. If you have “Social Media Strategist” as a Title change it: Call yourself marketing, customer marketing, installed base marketing etc. Most management is old school and unless you can show revenue generation coming from Twitter then reposition yourself closer to revenue generation.

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One Comment

  • Mr. C says:

    HI

    Thanks for your post. Please keep the ideas coming as we will need all that we can get.
    ED

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