Don’t Cut Your Marketing Dollars or Your Trade Show Presence!
At the start of the Great Depression, Kellogg’s and Post were neck and neck in cereal sales. Post slashed their marketing budget, while Kellogg’s maintained theirs. When the Depression ended, Kellogg’s had a market share dominance that they maintain to this day. (Source)
This is a perfect example of what NOT to do in tough economic times! When all of this is over, the buying population will remember the companies that stayed in front of them the entire time…through the bad times, as well as the good ones. Companies that slash marketing dollars and do not maintain their presence will fade away in the public’s mind.
Cutting trade shows from your marketing budget is cutting you off from your buying population. Yes, the QUANTITY of trade show attendees has generally decreased in 2009. But what has not decreased is the QUALITY of the attendees. Companies may not be sending as many representatives to a trade show, but they are sending the ones that count.
Numerous studies have shown that trade shows offer one of the most cost-effective ways to reach a large number of prospects, all in one place, all at one time. So to me, it makes even more sense to exhibit during a recession!
Copyright 2009. This article may be shared or referenced as long as the source is cited and linked. No portion of this article may be copied or reproduced without express written permission by the author.
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Well, that brings to mind an old movie with Peter Sellers “Chauncey Gardner”. He would have used nature as a teacher and agreed; “everyone can water the lawn when there is plenty of water available. But the survivors are those that water during a draught”.
Could not agree more.
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Emilie Barta Reply:
November 26th, 2009 at 9:09 pm
Thank you so much for your comment, Hans. It is those that come up with creative strategies to stay top of mind that survive the tough times!
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