Business Continuity in Recession

March 23, 2020

At Mash Media, we are aware that for many businesses the future looks a little different from what was planned. Different doesn’t have to be a bad thing, in many cases it can be used to change direction, discover new marketing frontiers and improve on those we are already utilising. Times of uncertainty can generate creativity, bring out strengths we didn’t know we had and can be the foundation of a new way of doing things.

We, as humans are often at our best when a curveball comes our way, we rally together, share ideas and strategies and adapt to our new environment. Let’s stop for a moment and think about how we can turn this uncertain time to our advantage by working together. We would love to help you by reviewing your current marketing strategies and getting our creative juices flowing to find new ways for you to do business by increasing your online presence.

Why Should I Continue Marketing During a Recession?

While this uncertain period isn’t a traditional recession; it’s definitely new territory where many businesses will be unable to trade or have their trade reduced in a significant way. Economic decisions are being made based on the bottom line and the marketing budget is often one of the first to be cancelled or reduced. If we look at historic recessions and the brands that survived in those make or break times we can see that a strategy driven marketing plan saw them through. By bucking the trend and continuing to place themselves in the minds of their customers, businesses can turn things around and survive this difficult time.

Kellogg’s Vs Post

In the 1920s USA, two cereal brands were vying for attention in the pre-packaged cereal market. Post, and Kellogg’s. During the Great Depression, many companies and businesses were cancelling or reducing their manufacture and advertising. Post Cereals did the intuitive thing and scaled back completely in order to stem projected losses.

Kellogg’s did the opposite. They saw an opportunity. They saw reduced noise in their industry and more importantly, they realised that throughout this recession, people still wanted to eat breakfast. They amped up their marketing so that they would be the brand on everyone’s mind when it came to cereal. Post never recovered from this period, but now 100 years later, we’re still buying Rice Bubbles.

kellogs 1

Source

Pepsi Vs Coca Cola

The cola wars have most people firmly on one side or the other, but the rivalry goes beyond taste and price (although the story of why Coke was 5c for over 70 years is a good one).

When Pepsi started up, Coke was already a favourite, selling a million gallons a year, and had cornered the take-home soda market. By marketing to a different socio-economic group, Pepsi competed and made its way into the market. Unfortunately, during WWII, Pepsi went bankrupt as people in that segment had rationing, or had actually gone to war.

pepsi 3 pepsi 2 pepsi 1

How did Pepsi bounce back? 

Innovation. They continued to advertise, and created the first ever ad jingle, called ‘Pepsi-Cola Hits the Spot’ and distributed it to jukeboxes all over the USA. Around the same time, the owner of Pepsi bought it’s own sugar plantations to offset rationing in the wake of the war. This meant they could sell double the amount of soft drink as Coca Cola for the same price. A fun side note, Pepsi changed its colours to that of the American flag to support the troops, and started using aluminum cans for cheaper transit costs to the military overseas.

Is This an Opportunity for Your Business to be First in Mind?

This doesn’t mean you need to double your spend or even increase it at all – what it means is getting creative with the budget you have. Many of your competitors will be feeling the pinch and will drop out of the advertising race, leaving an opportunity for you to make noise in a quiet market. Our country isn’t in complete lockdown – people still need essential services. Thinking outside the box about how you can market to the customers you can still service, and to others who need your products or services is a great start.

  • Change the conversation about your product or service; how might it benefit people in these uncertain times?
  • Incentivise your brand. What future or current benefits can you offer to new and existing customers that can ensure future loyalty?
  • If your industry is cutting back as a whole, fill the silence with your messaging. When potential customers know you have their backs it can be beneficial to them and to you.

How Can We Help?

At Mash Media, we have a history of doing a lot with a little. Tell us about your current marketing plan and we will work with you to maximise your impact during this difficult time. We are offering a free marketing review for businesses concerned about the impact the pandemic will have on their business. We are committed to ensuring our clients are getting the best value from their marketing in this challenging time. What can we do for you? Contact us today to find out.

WHAT OUR CLIENTS SAY

Through many years of a changing internet landscape and states of the economy Mash Media constantly deliver what I believe is as good as you can get! We receive responsive personalised service that I have not experienced with any other provider, large or small. Forget the rest, you won’t be disappointed, Mash media delivers hands down the best return on investment in the online marketing world. Whilst there is never a guarantee that things remain the same (especially when technology is involved), you can be assured that the team at Mash Media will be one of the first to adapt and take advantage of on your behalf. This has been my experience to date and I have no reason to expect this to change.
John Travelli - Ceramo.
I have the honour ​of​ writ​ing​ a testimonial for Mash Media and in particular its owner Sharney Ryan. I have been with them for now over 5 years​! And wouldnt consider going anywhere else again.​ The​y are a great team who have a​ genuine interest in helping my practice succeed with Marketing, Adwords and Website​ & SEO has been superb.Prior to them advising me i had spent significant sums with large organizations, only to find that much of the budget was spent on their overheads and profit before being applied to my business.This company ​truly ​delivers.
Dr Ron Binetter - AIES.
I have been dealing with Sharney for many years and followed her from her last posting in a Corporation as Sharney displays skills and knowledge in this minefield of an industry. I am very pleased to be part of Mash Media’s growth from a one-man band to where they are today with employees and offices all over. We are treated well and never pushed to increase our spend like the big guys do. Sharney and her team make our digital life clearer and easier.
Richard Wilson - Richard's Tyre Power.
If there is a better Digital Agency going around than Mash Media, then I haven't found them. And I have been looking for a long time!! We had an urgent need to get a site up and Sharney and Ben turned it around in 72 hours. Took a brief, clarified the brief, made the brief better than I thought possible. A great overall experience and just goes to show, botique is better!
Vincent Kelly - Viridor.
Sharney and Michael made sure they understand our business and Mash Media have an excellent campaign manager in Michael. His attention to detail and his hands-on approach to optimising our adwords campaign is what brought us back to Mash Media. We tried another campaign manager during the economic downturn, but came back to Mash Media when it became clear they could convert more enquiries, in spite of the economy.
Andrew Langdon - Sentinel Self Storage.
4 years and counting with the awesome Mash Media Team. They have been doing a great job of looking after our Adwords. More recently they have created a couple of different tailored websites that proved to save our adword cost by over 40%.......these websites paid for themselves in 6mths over the old clunkers. Superb results. Lovin’ their work.
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