| Get a larger share of a shrinking market
by supporting sales with Advertising and PR.
Continuing sales efforts take care of the
natural ebb and flow of clients and keep your business going
in any economy. In a recession, however, you need to increase
market share, just to maintain your business — never mind
grow it. Coordinating sales with advertising and public relations
creates more opportunities in a more cost-effective way than
sales alone and can even change the direction of your company.
Research shows that advertising in a down economy will increase
your profits now and up to 3 years into the future. In addition,
media sales and prices go down while advertiser visibility goes
up. So, it makes more sense to advertise now, than ever before.
“The fact is,
companies that maintain or increase their advertising spending
during recessions get ahead. A less crowded field allows messages
to be seen more clearly, and that increased visibility results
in higher sales both during and after a recession.”
The Wall Street Journal
“Increasing
advertising during a recession contributes to financial performance
for up to
three years in the future.”
Marketing Science Institute
You can get large, high-dollar
clients or add small, fast turn-around projects to boost cash flow.
Move away from unprofitable clients. Launch a supporting product
line or an additional service. It’s
easier and more budget-friendly than you may suppose when you combine
sales, PR and marketing.
We all tend to retract when we face adversity. Too often, the
first thing businesses cut back is the advertising/promotion budget.
But choosing sales alone or even marketing alone creates serious
challenges to business maintenance and growth in a slow market.
Referrals alone
aren’t a dependable answer … that
leaves the direction of your business in the hands of your clients
and colleagues. Primarily, it seriously limits what you can say
and to whom you can speak.
Marketing
creates awareness and desire. However, without a direct or conscious sales effort, you won’t
be turning those desires into new sales nearly as often as you
should. The best ROI (return on your investment) is coordinating
sales messages with marketing.
To effectively increase
sales, you need the Recognition, Credibility and Differentiation
that Advertising and Public Relations can build. Professional, insightful advertising and PR sends new or additional
information about your company to specific audiences, generating
new interest. When coordinated with the sales effort, responses
and opportunities can grow significantly. The chances of your phone
calls being answered rise dramatically.
It’s up to
you to decide exactly where to take your business, not
up to a fluctuating economy. You know that it's important to
start improving your sales with coordinated advertising and public
relations now. So, take a look at your marketing and sales
plans to see how you can pro-actively handle this recession.
Marketing and communication planning can
sound daunting, especially for small businesses, but it really
boils down to some focused interviews and a concise description
of your business, product advantages and potential customers.
Specific messages, a schedule and your brand naturally flow from
this written description. Business owners and sales people already
have a good understanding of what they have to offer and to whom
they are selling, it’s only
a matter of getting started.
An important key to success
is to communicate effectively. Strategic, marketing-driven materials will separate
you from your competition. You’ll need to adjust your messages
to recession-wary customers altered buying considerations. Specifically
address how your product or service answers those concerns. Professionally
designed and written materials will reflect your business advantages
and your customers concerns, whether they are plain-spoken and
industrial or gorgeously beautiful, funny, or out-there funky.
Make smart media decisions. There are many cost-effective ways
to reach customers now. One, because advertising rates go down
in a recession. Two, the Internet offers tremendous audience reach
and cost opportunities, which most companies have yet to use.
Spend your money wisely. By creating noticeable and relevant promotions
at reasonable rates, DT Design Studio can help you get more out
of every dollar you spend.
So, increase your profits by grabbing a
larger share of today’s
smaller market. Start promoting your company now. |