Marketing Tips for Surviving the Downturn
Michelle Gamble
With the change in the global economy many businesses are feeling the pinch. Consumers are spending less and businesses are being more conservative when it comes to spending. Marketing Angels has put together '10 Marketing Survival Tips' for growing businesses to help you get through the times ahead!

We’ve put together 10 Marketing Survival Tips for growing businesses to help them get through the times ahead!

  1. Don’t stop marketing! Make sure that you continue to keep up your brand awareness. Don’t get caught up in the negative media hype. Stay focused on learning about the positive things you can do to adjust, and use that to think about the ways in which you might change how you go to market and what with!
  2. Talk to your customers. Talk to as many customers as you can and find out how the changes are affecting them? What stops them from using certain products or services? What could you change to help them? Perhaps you can offer a different payment solution. Businesses that adapt to changing times and offer products and services more suited to the changing spending habits and needs of their clients will not only survive, but many will thrive!
  3. Use the Web. Make sure your web site is up to date and has exciting content that’s relevant to your audience. Find ways to get your site linked to from more places:
    • Contribute articles and newsletters to other sites that include a link to your site and some information about your business.
    • Investigate the use of social media to have more people engage with your site e.g.
      • Start a blog.
      • Contribute to other relevant blogs on topics you feel passionate about.
      • Do regular polls to find out what customers want and need.
      • Use Linked In, Plaxo, Facebook etc and keep your profile up to date.
    • Get yourself listed on any relevant business directories and keep your profile up to date.
    • Keep on top of your Search Engine Optimisation – find as much out about it as you can and make it a daily task!
    • Send email newsletters out regularly with content your customers care about – not just what you want to sell them!

  4. Use the Media. Good publicity is the best advertising there is. Seek every opportunity you can to get in the media. Stunts, charity work, conducting and publishing relevant research. Start to develop some relationships with journalists and keep in contact.
  5. Develop channel/referral relationships. Look at how you can increase referrals through relationships with channel partners (industry associations, affiliate businesses) to see how you can do some mutual back scratching to support each other through tougher times. You may be able to do a joint event with an associated business targeting the same customers and share the costs and the rewards!
  6. Make sure all your marketing is measured. Find out how all your customers find out about you. Track your conversion and how much each lead and sale costs you. If you can’t measure what you are doing - don’t do it! Mediums such as Direct Marketing, Telemarketing, Search Engine Marketing, PR etc.. are all highly trackable.
  7. Have good sales processes. Focus on increasing your conversion rate, not just the number of new leads or enquiries. Do some research on unconverted leads to find out why they aren’t buying from you. Perhaps invest in some sales training for your sales team. Do some mystery shopping to find out what your customer is experiencing and what opportunities there are to increase the number of products you can sell to your customers.
  8. Add value and over deliver. Thank your customers and find out some ways you can add value to them. When times are tough, trusted relationships are really important. Great service will ensure your customers stick with you and don’t take any risks with new business relationships.
  9. Don’t Give Up! Keep listening to customers, reading media, books and relevant business articles to keep you thinking about your business and how you adapt. If you keep learning through customer feedback and constantly thinking about how you can innovate your offering you will survive and quite possibly thrive!
  10. Get Paid. It’s not really a marketing tip I know but you need to make sure people pay you! Stay on top of your receivables and follow up as soon as a payment slips. Happy customers generally pay their bills, so constant communication is key.

Happy marketing and keep on learning!

 

Michelle Gamble is the founder of Marketing Angels - a national marketing consultancy business that provides marketing advice and implementation via its talented team of marketing experts for small and growing businesses – www.marketingangels.com.au
 

 






More Articles . . .

7 Rules for Writing Headlines that Sell Dominique Antarakis
A Quick Tip to Create a Winning Sales Proposal Warwick Hall
Achievable Goals Blair Singer
Addictive Business: The low down on getting your customers high Kerwin Rae
And the Most Important Thing to Make More Money is? Kerwin Rae
Are your customers really who you think they are ? Janet Sernack
Can-do Thinking - It does make a difference Sandi Givens
Communicating with customers and clients from other cultures Sue Patterson
Communication - the most misused word in our vocabulary Carly Anderson
Creative Business Veterans Align Sales Strategy with Company Vision Gillian Corban
Design Your Own Cyberstore Lianne Conner
Five Quick Tips to Stimulate your Sales Efforts Karen Andrews
Get Ready to Increase Sales and Profit Mara Ulms
Get the Phones Ringing with Direct Response Advertising Mandy Collett
Holding Your Own Value Alicia Beachley
Hot Tips for Attending Networking Functions Robyn Henderson
How market research can improve your profits and reduce costs Marie-Claire Ross
How to Build a Back-end to Your Business and Multiply Your Profit Potential Mandy Collett
How to Charge What You're Worth Lindsay Berger
How to gain more business without doing more work Lorraine Pirihi
How to Generate Sales for $0! Natalie Poole
How to Maintain Sales in a Tough Economy Suzi Dafnis
How to Turn Your Business Into A Profitable One Diane Fraenkel
How to Win Customers' Hearts and Minds Vivienne Kane
Identifying your Value Added Factor Janet Sernack
Improve your Online Customer Experience Melanie Kansil
Improving the Art of Persuasion Robert Cialdini
Internet Success Strategies Karen Scott Davie
It's Time to Stop Serving and Start Selling Again! David Penglase
Keeping in Contact with Customers Lianne Conner
Keeping your cash flow flowing Amanda Ellis
Knowledge to Sink Your Paws Into Amy Lyden
Lessons for Business: Bad Service Experiences Posted Online Melanie Kansil
Making the most of your membership to the Australian Businesswomen's Network Leanne Griffiths
Managing people's emotions effectively at work Katina Cremona
Marketing Tips for Surviving the Downturn Michelle Gamble
MentorNet... Catalyst for Change and Better Sales Mary Petherick
Now is opportunity time Grant Butler
Partnership Power! Ron Kaufman
Pricing for profit Amanda Ellis
Privacy... is your business caught by the new legislation? Judy Anne Feeney
Recognise the Lifetime Value of Your Customer (LVC) Mandy Collett
Shopping for Women Made Easy for Men Annette Lackovic
Smart Marketing - How to Write Headlines that Sell Mandy Collett
Smart Marketing: Harnessing the Power of Referrals Mandy Collett
Smart Marketing: How well does your product or services satisfy what your customers really need and want? Janet Sernack
The economy is shrinking. So how much should your marketing budget shrink? Amanda Stevens
The Magic Of Networking Robyn Henderson
The Silent Killer Of Any Business Christine Hepburn
The Six Principles of Influence Robert Cialdini
The Three Hats of Joanne Kessell - A Business Success Story Joanne Kessell
Tips to Increase Your Sales Leanne Griffiths
To barter or not to barter? Wendy Buckingham
TrainingNet's Karen Scott profiles two member websites... Karen Scott Davie
Turning information into knowledge and then into customers Linda Hamilton
Turning Your Business into a Well-Oiled Machine Michael E. Gerber
Virtual business creates a flexible future Kate Gorce-Macham
What do I hope to achieve by doing what I do? Janet Sernack
What Kind of Gift is Your Business? Christine Hepburn
What to Do When Your Customer is Ready to Explode Ron Kaufman
When Service Goes Wrong, Bounce Back! Ron Kaufman
Where Am I Going Wrong With Cold Calling? Natalie Poole
Where are you from again? Making the communication process easy Elizabeth Ball
Who's running your show? Marita Dullard
Winning Through Service: Focus Your Attention on Your Customer Jo Louis
Work Your Networks Carolyn Tate
Writing an e-zine that works Mary Morel
You Don't Have to be an Attack Dog to Make Millions in Sales Blair Singer