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	<title> &#187; credit crunch</title>
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		<title>The importance of marketing in the credit crunch&#8230;</title>
		<link>http://www.lanzarotewebdesign.com/the-importance-of-marketing-in-the-credit-crunch/</link>
		<comments>http://www.lanzarotewebdesign.com/the-importance-of-marketing-in-the-credit-crunch/#comments</comments>
		<pubDate>Thu, 07 May 2009 13:07:48 +0000</pubDate>
		<dc:creator>Alan</dc:creator>
				<category><![CDATA[Advice]]></category>
		<category><![CDATA[credit crunch]]></category>
		<category><![CDATA[marketing]]></category>
		<category><![CDATA[recession]]></category>

		<guid isPermaLink="false">http://www.lanzarotewebdesign.com/?p=230</guid>
		<description><![CDATA[I read an advert in a magazine recently. An ad stating why you should continue advertising during a recession&#8230; The key phrases used in the ad were; The golden rule is to stay in touch with your customers If you are inconsistent they won&#8217;t trust you If they can&#8217;t find you they will go to [...]


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			<content:encoded><![CDATA[<p>I read an advert in a magazine recently. An ad stating why you should continue advertising during a recession&#8230; The key phrases used in the ad were;</p>
<ol>
<li>The golden rule is to stay in touch with your customers</li>
<li>If you are inconsistent they won&#8217;t trust you</li>
<li>If they can&#8217;t find you they will go to your competitor</li>
<li>And if they forget who you are, you&#8217;ll have to start all over again</li>
</ol>
<p><span id="more-230"></span>In principle I agree with what they are saying &#8211; but lets face it &#8211; it all sounds rather threatening&#8230; Realistically any advertising medium has as its first priority its own financial health. So many magazines are using this sort of approach at the moment.</p>
<p>If you are an advertiser you must put the interests of your own business first! Yes, it is absolutely crucial to maintain a presence &#8211; but all advertising should be judged on results &#8211; measure what responses you get, make a note of where they come from, and always assess how much each enquiry or sale is actually costing you.</p>
<p>Here my take on the above points;</p>
<ol>
<li>Yes &#8211; absolutely, but if it&#8217;s your customers you are talking to there are plenty of other ways instead of paper advertising &#8211; email, direct mail, face to face (depending on your business), and of course your website</li>
<li>They trust you if you provide a consistent and quality service whether you are advertising or not</li>
<li>If you&#8217;ve done points 1 and 2 correctly your CUSTOMERS will return to you whether they see you in a magazine or not &#8211; though they do have a point when it comes to new prospects not finding you so easily &#8211; of course there are still alternatives to reaching those people to &#8211; it&#8217;s largely a case of applying a little imagination</li>
<li>If you&#8217;ve done point 1, 2 and 3 in the right way they haven&#8217;t forgotten!</li>
</ol>
<p>Magazines, radio and the other old school advertising are not the be all and end all to marketing your business.</p>
<p>However, as I said ealier &#8211; marketing is critical in the bad times &#8211; absolutely critical, and with money tight you may have to cut your budget. If you are cutting back on your magazine, radio advertising find a way to replace it with something more cost effective &#8211; don&#8217;t just stop doing everything. If you do, they are right and your business will simply die.</p>
<p>Use the recession to assess what you are doing.</p>
<ul>
<li>How cost-effective is your marketing?</li>
<li>Could you be getting better results for the same cost?</li>
<li>Are there alternative ways to reach your audience?</li>
<li>Could you generate more referrals?</li>
<li>What do you have in place that can be improved upon?</li>
</ul>
<p>Now is not the time to panic &#8211; use it to learn &#8211; get smarter! And, take a long hard look at your business as a whole.</p>


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</ol></p>]]></content:encoded>
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