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 analytics
    How Data Analytics Can Help You Construct A Financial Weather Map
    4 Min Read
    financial analytics
    Financial Analytics Shows The Hidden Cost Of Not Switching Systems
    4 Min Read
    warehouse accidents
    Data Analytics and the Future of Warehouse Safety
    10 Min Read
    stock investing and data analytics
    How Data Analytics Supports Smarter Stock Trading Strategies
    4 Min Read
    predictive analytics risk management
    How Predictive Analytics Is Redefining Risk Management Across Industries
    7 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

The R Journal – A Refereed Journal for the R Project Launches
What is DIG?
Fortune 500 Companies Take Advantage of Unified Communications Internally
SIA: Balancing Act — Email & Social Media
Data Profiling and Big Brown
Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

data analytics
How Data Analytics Can Help You Construct A Financial Weather Map
Analytics Exclusive Infographic
AI use in payment methods
AI Shows How Payment Delays Disrupt Your Business
Artificial Intelligence Exclusive Infographic
financial analytics
Financial Analytics Shows The Hidden Cost Of Not Switching Systems
Analytics Exclusive Infographic
multi model ai
How Teams Using Multi-Model AI Reduced Risk Without Slowing Innovation
Artificial Intelligence Exclusive

Stay Connected

1.2KFollowersLike
33.7KFollowersFollow
222FollowersPin

You Might also Like

Incumbents

4 Min Read

It’s OK To Tweet

3 Min Read

Does Your Company Have Energy Intelligence?

5 Min Read

A Roundup of My Washington Week

9 Min Read

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

data-driven web design
5 Great Tips for Using Data Analytics for Website UX
Big Data
ai chatbot
The Art of Conversation: Enhancing Chatbots with Advanced AI Prompts
Chatbots

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?