Why advertise anyway?
The economy is down and people are desperately trying to hold on to money they have. People do not purchase the way they used to. They spend only on those that are necessary. They would not want to have nothing tomorrow by enjoying things for today.
Companies as well are more mindful of their expenses. Businesses are cutting back on costs, one of which is advertising.
We are definitely at the worst of times economically. So why advertise?
Because you very well cannot stop marketing your products and services.
Because by stopping to advertise, you lose sales and people will not recognize who you are and what you can do. By not advertising, you actually lose money because people will assume that things are not going well with you too. You lose the connection and your target clients will think that you cut back on advertising because you do not have what it takes to remain strong in the business.
You need to continue to market if you want to grow your business especially during these rough times. You need to continue advertising, whether it is radio or TV ads or poster printing, if not more so because you cannot afford to not gain any sales at all. You have to continue to promote if you want people to know about your business and the benefits you have to offer.
You need to market so people would know you.
The present economy should not be the reason for you to stop marketing your business. In fact, it should be the force to drive you to convince your target clients that your products and services are valuable despite the current economic crunch. Many companies struggle to stay afloat that is why they cut back on advertising. But you need for people to know about you. You need to go out there and tell your message to your target market.
Your popularity will never be diminished if you continue to advertise.
You will never lose your leverage and position in your niche if you have the sense to consistently market the benefits you have. It is thus a wise decision to spend your budget now on advertising than be bankrupt a few years from now just because you do not want to invest on a promotional campaign that would decrease your budget.
A good businessman knows that you need to invest in order for your business to flourish.
So spend money on advertising. Do not miss out on generating as many leads as you can get just because you are afraid to lose a few dollars on marketing. You can gain and retain more customers and clients if you continue to advertise even when the economy is down.