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
    media monitoring
    Signals In The Noise: Using Media Monitoring To Manage Negative Publicity
    5 Min Read
    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
  • 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

Links from my eLearning Webinar
New Media Literacies
{Empty title}
Those Who Give Twitter *Get* Twitter
Another One Bites The Dust: SAP gets Sybase
Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

cloud dataops for metering
Taming the IoT Firehose: How Utilities Are Scaling Cloud DataOps for Smart Metering
Cloud Computing Exclusive Internet of Things IT
ai in video game development
Machine Learning Is Changing iGaming Software Development
Exclusive Machine Learning News
media monitoring
Signals In The Noise: Using Media Monitoring To Manage Negative Publicity
Analytics Exclusive Infographic
data=driven approach
Turning Dead Zones Into Data-Driven Opportunities In Retail Spaces
Big Data Exclusive Infographic

Stay Connected

1.2KFollowersLike
33.7KFollowersFollow
222FollowersPin

You Might also Like

Steve Jobs, 1955-2011

2 Min Read

No Data, No Problem (Pt 2) – Your region/division/unit is not special.

7 Min Read

Teradata CRM Going Full Speed Ahead Through a Hurricane

3 Min Read

Top 3 Worst IT Suggestions Ever

5 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 chatbot
The Art of Conversation: Enhancing Chatbots with Advanced AI Prompts
Chatbots
ai in ecommerce
Artificial Intelligence for eCommerce: A Closer Look
Artificial Intelligence

Quick Link

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

Sign in to your account

Username or Email Address
Password

Lost your password?