Marketing Cutbacks that Set Brands Back Years
Do you know who probably won’t survive a recession?
Business owners who cut marketing as an “extra expense” when the economy is down.
Yes, it’s sad.
But I see CEOs make this same mistake time and time again.
You see, slashing your marketing budget can set your business back years.
And the recessions of ‘74-‘75, ‘81-‘82, and 2008 have proven that.
So why is it common practice?
Two reasons:
First, most CEOs see marketing as a discretionary cost.
Second, they’re playing defense.
Of course, it makes sense to cut extra expenses when times are tight.
But marketing isn’t a needless expense.
It’s a key driver of revenue and keeps your brand presence strong.
And cutting marketing is a critical business error.
So what should you do instead?
Take an afternoon to re-evaluate your marketing plan.
Chances are you can optimize your marketing and sales without shrinking your budget or, worse – giving your competitors an edge for the next few years.
Don’t know where to start?
Our Marketing Self-Assessment is like a marketing GPS.
It helps you determine where to take your marketing and how to get there by identifying the strengths and weaknesses of your marketing.