Marketing in a Recession

Written by Jeffrey Dobkin


Marketing in a Recession ©2002 Jeffrey Dobkin

Not everybody is in a recession. Some firms are doing quite well, thank you. In this down economy selected entire industries are really flourishing:repparttar mortgage industry for example, is booming, so isrepparttar 121565 security and protection industry; snack foods are up a few good points andrepparttar 121566 gift industry is particularly strong.

While people stay closer to home local shopping is doing well… like housewares, and home items. There’s a big boom in stereo, and TVs; and local travel - especially places that are short drives - are up significantly. Withrepparttar 121567 money people aren’t spending on flying they are buying more stuff, and spending money closer to home. And everybody appreciatesrepparttar 121568 fact that gas prices arerepparttar 121569 lowest in years.

Don’t wait More discretionary money is available from people who aren’t traveling. That money is going to be spent somewhere.

Keep mailing You’ll have less competition.

Negotiate with your vendors You can’t squeeze blood out of a stone, but in this economy people are more likely to negotiate and barter terms, price, services and goods than when things are going well and everybody is getting list price. You never know until you ask - so ask.

Use Press Releases to supplement your ads Double your exposure. The magazine publishers (andrepparttar 121570 magazine industry in general) are having tough times, too. They’ll appreciate your advertising support - and are most likely to show their appreciation with editorial support via your press release.

Limit Test Mailings Stay with what works. Pare back on those wild ideas for tests you’ve had, and mail closer to home with tried and true markets you’re pretty dern sure will pay off. Limit experimental tests to markets closer to those home-run markets you’re mailing too, and keep mailingrepparttar 121571 ones that look most likely to pay off inrepparttar 121572 short run.

Test smaller quantities You see a sign on a wall, “Wet Paint.” So,repparttar 121573 first thing you do is… you go over and touch it. Right? I thought so. Me too. Face it - testing is in your blood, you’re a direct mailer at heart. You can’t stop testing -- and I wouldn’t want you to. It’s a necessary part of direct marketing: you need to explore new market segments to grow.

So while you can’t stop testing, you can test more precisely. And you can test smaller numbers. If you’ve been testing cells of 5,000 records, drop down to 4,000. Sorepparttar 121574 statistical analysis ofrepparttar 121575 mailing results won’t be as absolute, so what? You’ll save money. It may be a little more work, but… guess what? It’ll save you money. And it make take longer to getrepparttar 121576 exact results you need to predict a profitable rollout, but… you guessed it: it will cost you less, you’ll save money.

Byrepparttar 121577 way - if you run a small business; no, I mean a really small business, and mailings of 5,000 are a lot for you - as they are for many of my small business clients and friends, feel free to mail even smaller quantities. Face it, owners of SOHOs and VSBs (very small businesses) don’t have $2,500 to test a 5,000 name list. So heck, don’t let that stop you: mail just a thousand pieces. You’ll be able to tell if you are getting any sales - or any calls at all fromrepparttar 121578 list. You’ll know if this mailing paid for itself, and you’ll know it fairly quickly. So what if it’s not statistically sound - you’ll learn enough to mail more or not mail more to that list. And isn’t that what testing is all about?

Sell more subtly Send a survey. Feel people out - see what they want, then offer them that. Surveys are usually welcome, and can yield quite surprising information when designed correctly.

WHY YOU NEED TO OFFER A FREE E-BOOK

Written by Grady Smith


If you have a website or e-zine, here’s how to explode traffic, increase signups, and multiply your profits with very little work.

Hard to believe, right? But let me prove it:

I created my e-book about a week ago. Since I introduced it torepparttar masses I’ve watched my traffic explode, profits come pouring in, andrepparttar 121564 rate subscribers sign up for my newsletter has tripled.

With a free e-book, you’re going to see many benefits to giving it away for free.

First, I let people know I’m giving away a free e-book in all my classifieds and articles. People love to get free stuff, so they come to my site to grabrepparttar 121565 goods. This has created a surge in traffic to my site.

Second, it’s targeted traffic coming to my website becauserepparttar 121566 title of my e-book is “Secrets of Hard-Hitting Copywriting”! People that come to my site to get their free book are interested in learning how to write better copy. Then, my site revolves around how they can have better copy for their website.

Third, my sign up rate for my free newsletter has increased because people have more motivation to sign up. They’re getting two things for free with their subscription. Not only a newsletter, but an e-book too.

And fourth, I allow people to give my book away for free. So now they’re out there giving my book away that’s set up with links to my site. Again, this is creating a surge in traffic to my site.

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