Happy Wednesday!!! I was sitting back thinking about todays blog and it hit me, we have talked about getting sales, attracting clients, and marketing on a budget, but as we all know right now we are seeing a worldwide recession and with that everything changes, budgets are restructured or non-existent all together. So, due to the need to still do business and survive the recession, today we will talk about marketing in a recession to still get those sales despite the economy.
So, never fear even in this economic climate success is still achievable. Here are 4 ideas you can use to market, get those sales, and survive any recession:
Idea 1: Follow up on those old leads. That’s right leads you gave up on or forgot about, it’s time to reconnect with them. Start by calling and following up on all old enquiries and leads. This idea can really pay off in the form of sales and referrals and all it costs is time and patience. Note: Don’t get discouraged or frustrated if you don’t win them over in the first re-encounter. Remember you have not been in contact with this client in a while so it might take some time and another follow-up.
Idea 2: Appreciate your existing clients with extra special care. The idea here is don’t take the clients you do have for granted so when the marketing budget needs restructuring give extra appreciation to what you’ve got and make sure you take care of those that are loyal to you. These loyal clients will help keep you in business during down times and you will appreciate that, so show it. To show existing clients a little extra appreciation try offering them special discounts or rewards. You can also reward them with a gift with purchase or a just because you are a loyal customer gift. Do what the budget allows just to make sure the message is received and the message is: We appreciate you! Because remember also that competitors will be after them more now than ever before.
Idea 3: Be flexible and keep an open mind. When it comes to your niche and the clients you cater for, try being flexible to attract new clients. If you previously required purchase order or hour minimums or you don’t cater to clients that have custom/special needs but could use your product and/or service, then try welcoming and accommodating this market. There is no financial harm in servicing smaller clients or those with special needs, as long as it doesn’t hurt your profits and cause more harm to your business. Start by taking on a few trial clients in this market to see how it works out before deciding if it is for your business or not. the best part about this idea is if this works out it’ll be profitable for you and them and become a part of your regular scope of business as they’ll be able to meet your usual goals.
Idea 4: Offer your clients something more and Increase your level of service. A recession is a time when competition between competitors goes through the roof and can even get ruthless so you want to really take the opportunity to distinguish yourself here from the rest. Remember also, satisfied clients are sure to bring in new clients for your business. So, make your clients feel that they are getting much more by doing business with you than the perceived value as well as they are getting more than they would expect from or get from the competition. Also, try providing and offering clients additional services that doesn’t drain your already strained budget, but yet goes a long way with clients.
These are just a few ideas to get you started. Grab a piece of paper and start brainstorming how you can add extra value to your business without it costing you. I know the recession is tough and has many down with decreased sales etc., but it is during tough times that you need to alter your marketing strategy to survive to sell another day and stay in business. Try these four simple, low-cost ideas in your marketing strategy and see how they pay off even in this economic climate. Also, if you haven’t already don’t forget to find out why your potential customers aren’t buying from you and what you can do to get clients to your door, download “12 Reasons Why People Aren’t Buying From You” NOW!