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Marketing in a Tough Economy

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  Marketing in a Tough Economy

What are other companies doing? Follow the link below to listen to an excellent podcast from MarketingSherpa. Stefan Tornquist, Research Director from MarketingSherpa, talks about some of the profound shifts in spending that show up in a September 2008 survey of B-to-B and consumer marketers. Overall, 25 budgets are being cut for every spending plan getting a boost at larger companies – with the average decrease around 20%.

Here are some other key points:
  • 36% of companies plan to cut marketing staff
  • However, 30% plan to INCREASE spending on outsourcing their marketing efforts
  • 48% plan a reduction in traditional advertising (print, TV, radio)
  • However, 31% plan an INCREASE in online marketing (email, SEO, pay-per-click)
  • Aggressive companies – especially small- to mid-sized organizations – plan to use this as an opportunity to be heard while the larger companies pull back on their marketing efforts
If you agree with the points above regarding outsourcing, online marketing, and being aggressive at this time, then call me at 717-368-5143, or email Mark Vogel now at VogelMarketing.net.

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