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Doing business in a down economy

by | Jul 20, 2010 | Advice & Tips, MarketSmart Newsletters

If you are a business dealing with the economic crisis, you will want to pay attention.
A lot of businesses are still feeling an economic pinch. Revenues are dropping, budgets are being cut and it may seem like there is no end in sight. But the one area in which you should not be making cuts is marketing. In fact, now is the time when you should put more of your dollars into your marketing efforts. Here’s why:
You still have a product to sell. People are still willing to buy. So you still have to reach those consumers to tell them about your product. One of the best – and most economical – ways of doing that is through public relations.
Nothing beats a great news piece, whether it’s on TV, the radio or in print. People pay attention to news stories, so you have a captive audience. How many consumers do you think actually pay attention to ads? Think about all of the mechanisms now in place so we don’t have to deal with advertising: TiVo, On-Demand, SPAM blockers, pop-up blockers, do-not-call lists, satellite radio, etc. And the ads that aren’t filtered out are generally ignored all together. Do you really think your ads are getting through to your sub-markets?
The best part is that the cost of a story placement is about 1/10th what you would spend on one ad. And with our Pay Per Interview ® structure, you only pay for the stories that actually air. There is no better way to ensure your marketing dollars are being well-spent.
But you have to act NOW. You don’t want to start losing market share or have your revenues drop even further. Call us and we will start working for you right away. There is no better time to call.
Written by Lonny Kocina

Written by Lonny Kocina

Lonny Kocina is the CEO and Founder of Media Relations Agency which has been in business for nearly 35 years. During that time, Kocina also founded and sold two other businesses: Mid America Events and Expos, and Checkerboard Internet Services. Prior to that, Lonny worked as a marketing director for Investment Rarities Inc., a company with sales over 4 billion dollars. Kocina has also been a long time member of Vistage International which is a CEO peer mentoring organization. He was also a volunteer marketing mentor for Junior Achievement and the Carlson School of Business. For fun he has taught Principles of Marketing at the college level, and his recent book, the “CEO’s Guide to Marketing” is an Axiom Business Book silver medal winner as well as an Amazon bestseller. Lonny likes to kid that his third grade teacher may have summed him up best with a note sent home on his report card. “Lonny is a daydreamer and he’s getting worse each day. He complains of a stomach ache a lot and I don’t think he likes school much either.”

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