When a recession starts to bite the first thing that businesses immediately do is to drop there marketing spend. When cutbacks have to be made the simplest place to start is always at the marketing budget and there are typically three schools of thought. Larger businesses that have a great brand feel that they can drop the marketing budget and that the product or service will continue to sell itself, mid-size businesses are often concerned that if cutbacks aren't made then business will suffer and smaller businesses often have no choice but to save money.
Any 3 of the above thoughts are incorrect and research of businesses that continued to invest in marketing during recessions over the last 50 years has shown that these businesses typically see a 4% return on investment and gain market share up to 3 times faster once the recession is over. Once marketing spend has been cut all that happens is that the money is allocated elsewhere in the business and once the downturn has ended increasing the marketing budgets can turn into a huge challenge. Basic marketing principles dictate that if people are not told about your own product or service they will most definitely be told about your competitors and market share will be cut. Which in the current economic climate is the worst thing that could happen to a business right now.
At Breed Creative Solutions we understand what makes a website stand out from the crowd, we also understand how to market a website effectively on the internet, we have the following articles available to view on our website
SEO Articles
What is search engine optimisation?
Do's and dont's of search engine optimisation
Search engine optimisation techniques. The good, the bad and the ugly
Web Design Articles
Marketing through a downturn
Measuring the return on investment of a website
Rules of effective web design
Effective Email Marketing Techniques
Breed Creative Solutions are a web design company specialising in e-commerce websites, brochure websites and database driven websites.
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