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    Entries in recession (3)

    Thursday
    Sep172009

    Forget the clutter. Cut through the funk.

     

    You smell that? Of course you do. You’re being polite and trying not to notice, but the air around us has undoubtedly been infused with a funk. Shoulders are slouched, the urge to look over your shoulder is at an all-time high, and many are hoping to forgo the possibility of building for simply maintaining. Recessions have a way of doing that, especially when they come in the super-sized variety.

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    Tuesday
    Jun092009

    Rethinking Marketing in a Down Market.

    Clearly, these are difficult times for any marketer. Customers are spending less, replacing less frequently, and substituting goods and services. Many companies are cutting marketing budgets and reducing expenses everywhere they can.

    But for the savvy marketer, this is also a great time to take advantage of current market conditions and refine your marketing approach. Here are a few principles that can help:

     Focus

    • Stay focused on profitable markets, products and customers – and cut those that are not.
    • Focus on marketing programs that show positive ROI in terms of sales or leads – and drop those that don’t.
    • Focus on “urgent branding” messages – those designed to drive sales today while enhance your brand image for the longer term.

    Enhance

    • Enhance your website by improving your organic and paid search positioning. Put a call to action on every page of your site. Post keyword-rich articles, reports and case studies on your site.
    • Enhance your web footprint by creating pages on other sites like YouTube, Facebook, and Flicker that link back to your site. Participate routinely in blogs and discussion forums relevant to your category or to your customers.

    Increase

    • Increase media spending in highly targeted traditional and online media. There are significant bonus-based media opportunities in all media vehicles today. Your competition is cutting back – so you need to be more aggressive.
    • Increase your use of online collateral versus printed materials. Save a tree and provide more instant gratification to your customers.

    Resist

    • Above all, resist the temptation to cut prices as a sales strategy. Instead, concentrate on adding real perceived value to your products or services.

    These methods have been successful for some. But what’s worked for you? Share your thoughts in the comments, below.

    Friday
    Jun052009

    Twitter Travel Deals: A Feast o’ Plenty.

    With some recession doom and gloom still lingering on the cusp of the summer travel season, the state of the travel industry continues to be a hot topic of conversation. For every good news story, five bad ones seem to always follow. But you should fear not. Travelers are still traveling – just rethinking their approach – and your avid deal hunters are feasting on the buffet of bargains oozing out from every direction. Good news is, those deals aren’t hard to find, thanks to some savvy marketers finding new ways to engage.

    Over the past few months, an influx of travel industry entities have jumped on the Twitter train. Resorts, hotels, CVBs, airlines, and even travel mags. One great example is Hyatt Hotels & Resorts, a notable brand that recently launched a Twitter account – @HyattConcierge. It offers 24/7 assistance with any travel questions and requests before, during and after your stay. Smart. On the flipside, @DealsOnTravel is answering the call for what most travelers are looking for online right now.

    In the meantime, Twitter has also become the premier forum for a little ethnographic experimentation. Quite a few travel entities are toggling their microblogs between deals, customer service and brand-building tweets – as they actively figure out how they want to/should use this tool. Why not? These are new, uncharted waters for some, and a little testing helps to distill social strategy. So as we continue the climb out of the deep, dark recession abyss, be watching as the travel industry’s finds even more footing with the use of social media.

    In the meantime, though, keep those deals coming.