Cookies help us display personalized product recommendations and ensure you have great shopping experience.

By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    data mining to find the right poly bag makers
    Using Data Analytics to Choose the Best Poly Mailer Bags
    12 Min Read
    data analytics for pharmacy trends
    How Data Analytics Is Tracking Trends in the Pharmacy Industry
    5 Min Read
    car expense data analytics
    Data Analytics for Smarter Vehicle Expense Management
    10 Min Read
    image fx (60)
    Data Analytics Driving the Modern E-commerce Warehouse
    13 Min Read
    big data analytics in transporation
    Turning Data Into Decisions: How Analytics Improves Transportation Strategy
    3 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: How to market in a Down Economy
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Uncategorized > How to market in a Down Economy
Uncategorized

How to market in a Down Economy

SundeepKapur1
SundeepKapur1
3 Min Read
SHARE

The challenge faced by today’s marketer is daunting – the holiday season is approaching, the elections are getting the majority of the airtime with small breaks for bad news to seep in – be it the price of gas or postage rates or bank closing. These rising costs mean more window-shopping, less buying and a general apprehension that’s enough to make the most resilient marketer want to hibernate in hopes of better times… but we have to face realit…


The challenge faced by today’s marketer is daunting – the holiday season is approaching, the elections are getting the majority of the airtime with small breaks for bad news to seep in – be it the price of gas or postage rates or bank closing. These rising costs mean more window-shopping, less buying and a general apprehension that’s enough to make the most resilient marketer want to hibernate in hopes of better times… but we have to face reality.

My prediction is that email is going to gain even more prominence this holiday season as it is cheaper to send than direct mail, it is quicker to deliver and can be tracked. To do more via email, marketers need to be careful and not appear alien to their recipients. Start by acknowledging the situation – tell your recipients you empathize with them, that you are aware of the state of the economy and the apprehension we all face. Let them know that you and your co-workers face the same challenges. Kudos to our friends at King Arthur Flour for being one of the first companies to send such a message.

The King Arthur example is just one suggestion – for instance, banks should tell recipients that you’re diligently searching for ways to educate customers, secure their earnings and maximize return. If you are selling something, tell them that your company continues to seek the best product, at the best possible price to help them save. If you are marketing luxury products, remind the consumer about the once in a lifetime opportunity – tell them that by getting away they can relax and return reinvigorated. There are too many ideas to fit into this post, so if you’d like a suggestion for your industry/ specific challenge then reach out… we’re all in this together.
Link to original post

More Read

Detroit’s Tech Renaissance Enhanced by Infrastructure Development
10th Annual Panel of Peers Conference
Foster integrative thinking and collaboration across fields
IDE and Debugging Function Comparison Between esProc, Perl and Python
2009 Retrospective
Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

data mining to find the right poly bag makers
Using Data Analytics to Choose the Best Poly Mailer Bags
Analytics Big Data Exclusive
data science importance of flexibility
Why Flexibility Defines the Future of Data Science
Big Data Exclusive
payment methods
How Data Analytics Is Transforming eCommerce Payments
Business Intelligence
cybersecurity essentials
Cybersecurity Essentials For Customer-Facing Platforms
Exclusive Infographic IT Security

Stay Connected

1.2kFollowersLike
33.7kFollowersFollow
222FollowersPin

You Might also Like

Time to start applying SOA lessons to the cloud

1 Min Read

Nomination Period Underway for the 2011 Government Big Data Solutions Award

3 Min Read

Data Management and the Customer Interaction

4 Min Read

Recommended read: Seizing the White Space

4 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

ai is improving the safety of cars
From Bolts to Bots: How AI Is Fortifying the Automotive Industry
Artificial Intelligence
data-driven web design
5 Great Tips for Using Data Analytics for Website UX
Big Data

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-25 SmartData Collective. All Rights Reserved.
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?