Marketing for small and medium enterprises in crisis
9:13 PMPractice has confirmed: marketing must be maintained at the necessary level and by the step wise to pass up opponents in difficult periods.
Cut is inevitable?
For small and medium businesses, the costs of demonstrating clearly the weakness of the marketing activities in the enterprise even if businesses prosper. This manifests itself particularly clearly in the business, on average they only from 3%-5% of the cost for marketing activities. So, when cost-cutting, they think the figure 0% for this activity. If they are wrong?
The cost for marketing is a cost to create intangible value for a business. That is why the value is difficult to quantify, catch him making the executives always thought that was one of the charges \"frivolous\" in the kind of cost out of the business. And the result is not what troubles when it decided to cut all or nearly all of the costs to maintain profitability required that enterprises set out in the business plan. Moreover, advertising programs, the program sponsor, the event promoters are always considered to be luxury items, so the cut is perceived naturally in difficult phases of the economy.
Cost cutting is inevitable thing to do when a recession but the structure how the cut is a difficult question to solve. And a hint that the world's top billionaires such as Warren Buffet's advice is: \"crisis is the time to establish the value of your business\" (proven through decades and as evidenced by the value of success that he was going to be).
The structure and reasonable spending cuts for the marketing activity In whole, cut problem costs marketing must also cut in a national average was acceptable overall. In the structure to cut marketing activities: research, survey the market and consumer behavior must be the top priority, then it is decided to the pricing policy and the method of promoting a more reasonable cost.
Consumer psychology during this shift towards emphasis on the basic features of the product is something that business executives would also know. But to satisfy his clients, again they are closer to our customers to really understand what customers need most in their products any time soon. Through research, business will know themselves to cut unnecessary expenses for the development of new products, new technologies, these features are not really important to the customer. For example, the building contractor choosing to install only concern the possibility of cooling and warming of them, even in difficult economic conditions heat feature can be removed completely to take to the product prices in line with their needs.
The rationalization of value products allow enterprises to have the perfect reason to bring out a more rational pricing mechanism and the promotion to the market during periods of crisis. Consumers believe that, then businesses have tried very much to support them in the difficult period. And General intangible that is regarded as a great action, a remarkable effort in the period in which most customers are expecting most sincere sympathy from the business side. So the business you will be free to customers than any other time of the economy.
Any attempt to study the market, reasonable segment and launched new price mechanisms need a program to promote efficiency. This requires marketing executives must balance the costs used in a smart way. Be cautious and calculating with television advertising, organization of events and sponsorship programs. Newspaper ads are more interested in the paper, the medium of the internet, advertising right at the product distribution and use large sheets advertising signs in an effective manner.
Strong investment for marketing during the crisis hard to pass up if it wants to dominate the market from the economic crisis, opponents will be a great opportunity. Only one single thing is disturbing: that may be subject to temporary holes! If investment were to do that they must resolve that not to lose the opportunity ...
The advertising agency is discounted, prices ads are cheap go considerably. In fact, not the merchandise would reasonable like that at that price, the prices of vegetables are up each day. Build a perfect overall marketing plans and will not at any time made easy like this. Nobody outside advertising, does anyone have the trendy products with you, no one is more pleasant. And if your product is of good quality, then no client would wisdom than your customers. Is it magic? No, it's time and you deserve the fruits of it.
The economic crisis made the customer feel playing against, they suffer from depression in choosing while affordability is in alarm condition. Keep hands to solve their problems. Do not initially beng, they no longer believe the ad, please advise them, they want to themselves as smart clients when using your goods. And so will your campaign more effectively than ever.
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