Changing Your Marketing Strategy in an Economic Downturn
Sunday, October 19, 2008 11:58Posted in category Tools for Business
You’ve spent years building up your brand to represent a high quality product. Your customers recognize quality are willing to pay more money for your product. Now you are faced with an economy where people are cutting back on spending. Is it time to change your brand to reflect these economic times?
If you change your image, you become just like the competitors. Don’t do it. You’ve spent years convincing the world you were one thing, and now you want to become something else overnight?
Instead, focus on smaller offerings. Instead of marketing a Gucci handbag, focus on a Gucci wallet. Instead of marketing a high end lobster dinner for two, advertise your lobster bisque special. Your customers are still there, and still want your product. You are still viewed as the best on the market. Take advantage of it.
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Finding deals says:
April 22nd, 2009 at 3:54 am
interesting stuff.. will have to look over the other posts
Diamonds and Gold says:
June 11th, 2009 at 2:19 pm
looks great