Recession and advertising


posted on 21st of january, 2009

Most of us in the DT community will be hit one way or another because of the economy. But it does not have to be that way. Read this quote:

"In a study of U.S. recessions, McGraw-Hill Research analyzed 600 companies from 1980-1985. The results showed that business-to-business firms that maintained or increased their advertising expenditures during the 1981-1982 recession averaged significantly higher sales growth, both during the recession and for the following three years, than those that eliminated or decreased advertising. By 1985, sales of companies that were aggressive recession advertisers had risen 256% over those that didn't keep up their advertising."

I am sure many of you have your own opinion about why this is so. But I guess there is no secret in getting back to the basics of marketing. There are various types of advertising, all for different uses. An organisation might need to maintain its corporate image, it may need to keep its brand in front of buyers, it might need to introduce a service, there may be B2B requirements, or even a need for cooperative advertising.

But regardless, keeping a sensible and strategic approach to maintaining awareness is very very necessary right now.

Comments (3)

Comment by Eclecticelegance on January 22, 2009

Very useful article!!! I will keep this in mind at the business where I work (I handle a lot of the promotional/advertising). Thank you!!!!

Comment by Maigi on January 22, 2009

I think hardships in economics give a huge boost to microstock. If we help publishers to cut their expenses and provide more and more high-quality images to work with, they realize, it's the great source of material, and it's beneficial for the both parts - publishers and submitters. Microstock agencies will rule among other stock sites.

Comment by Creativei on January 22, 2009

Yeah, as im in advertising & publishing field our business as dipped, but we keep telling our client this is the right time to go for aggressive marketing strategy. Even we are offering a good discount for our creative works. Anyways hope everyone get back to business.




This article has been read 1031 times. 3 readers have found this article useful.
Photo credits: Karin Hildebrand Lau, Mb2006, Stephen Vanhorn.

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I also do artistic work for T Shirt designs. Enjoying my time here at DT and looking forward to getting more quality.

(Litifeta)
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