As the U.S. sinks into a declining and uncertain market of
shrinking dollars and waning customer confidence, why would
you spend money on advertising?
Customer perception is business reality.
Advertising
makes your business appear healthy and thriving. It is a
positive way for both consumers and your employees to be
comfortable knowing that you are strong in the industry and
are planning to stay in business. In a tenuous economic
climate, customers are looking for the “deal” and doing more
“comparison shopping” than ever before.
You must promote your business
to secure your customer’s continued loyalty and to seek out
new business. Dominate your field with your image.
Because your competition is still advertising.
Who comes to mind first when you
think of your industry? How successful are they and how
often do you see their ads, whether in print, radio, video,
or online? Can you afford to appear second best? Make sure
your image is the first thing that comes to the consumer’s
mind.
While marketing budgets are the
first to feel the axe when business slows, media expert and conservative talk
radio host, Shad Olson, says precisely the inverse
should be the response.
“Rather than
diminishing in priority, in a tightening marketplace, it
becomes even more important to establish and maintain top of
mind awareness,” Olson said.
“Customer habits are tough to
break, and well-established branding and imagery contribute
to an inherent stability of market share that will help
smart business owners weather an economic slowdown.
It’s very difficult, when you’re
competing for fewer dollars and customers overall, to
maximize profit potential without keeping your brand and
business at the forefront of the customer’s mind.”
Your image plays a big role in
today’s society. Keep it strong, keep it honest, and keep it
right in front of those you want as your customers.
Advertising is an investment in tomorrow’s image, today.
A
wisely-crafted advertising plan can be the difference
between winning and losing in an increasingly volatile
economic model.
The choice to invest in your
business through effective marketing
maintenance is a long-term investment that will pay rich
dividends when customers finally have more money in their
pockets to spend.
Will your enterprise be around
to reap the benefits?
The choice is up to you.