Promotional Product Recession Marketing Strategies
Recession?
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The word ‘recession’ is being thrown around a lot at the moment. It looks like major economies such as the US and UK are heading towards a recession or a downturn in 2008, there can be no doubt that a general slowing down of the global economy will cool things here in Australia also. At Promotion Products we are eternal optimists and prefer a glass half-full approach to life!. We see the suggestion of a recession as an opportunity, we also see the strategic use of Promotional Products as a great way for your company to prosper during a downturn – if indeed that’s what we are heading for. |

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Do not stop marketing One of the most natural things for business people to do when they sense a downturn is to try and cut costs. Advertising and marketing is an area where costs can be cut, as a short term strategy to save costs this can work. However it is fairly obvious that after the initial saving has been realised that your business is going to move onto pretty shaky ground. New customers must be found, existing ones must return or your business is going to end up being a statistic. The above graph compares companies that cut advertising spending with those that did not during a recession. The graph shows that cutting advertising spend will damage long term sales – read more about the graph here. |
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A corporate gift shows clients that they are appreciated |
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Re-evaluate and re-focus your marketing Whatever business you are in if you are considering cutting back your advertising and marketing you can be sure that your competitors are too. As the graph above shows following the pack is not a smart move – your sales and market share will fall. If your competitors are retracting this is creating a space for you to fill. We do understand though that filling the void and winning your competitors customers can be an expensive business and is not always practical using traditional media – however we have marketing solutions for you that are low cost and highly effective. |
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Desk items are mini billboards |
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Promotional Products focus on relationships |
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Longevity / Value
Versatility
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Low cost targeted marketing with Promotional Pens |
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Call or email Promotion Products
We believe it is our job to pro-actively encourage and help our customers with their marketing. We simply do not know if we are heading for a slowdown or a recession, however we do know that the simple principles behind Promotional Product Marketing work regardless of the economic conditions. If you are stuck for marketing ideas or are looking some guidance I would be happy to help you further.
Thank you for your time, I look forward to talking with you soon.
Douglas Gregory January 2008






