[Mark Suszko] “I think you’re making a mistake pulling your advertising. Marketing is something you need to increase in bad times, and the good news is you have more of the market to yourself when others pull back.”
I couldn’t agree more, Mark. This is very good advice, especially when the market is going south as it has been in the recent past and is forecasted to remain so into the near future.
The companies that ride out bad times are the ones who cut back everything else but keep themselves in the game by remaining visible. As all the others around them get more and more conservative, (read: invisible), they climb to the top of the pack by becoming very visible and the company of choice.
Also, many companies I know actually get more customers by raising their rates in bad times. It weeds out the bottom-feeders and those who have the money almost always want the best. They don’t take their daughter shopping for her wedding gown at WalMart and they do not want to get a Joe WalMart video for their daughter either.
Raise your standards and raise your rates. Buy marketing support. You will make it through the dry times while one after another of the more conservative players will exit the market because their invisibility will become a self-fulfilling prophecy that will guarantee fewer and fewer jobs until they finally have to turn out the lights.
Once again, good advice, Mark. (But I don’t expect anything short of that from you.) :o)
Ron Lindeboom
creativecow.net