Turn A Recession Into An Opportunity By Increasing Your Marketing Budget
22.04.2008

Maybe it is because I have family in the USA and their view on life is more positive during recession, or the fact that I have seen it before! But as a marketer, I see a real opportunity to shine during a downturn.
The best business brains, as we are writing about in the next issue of the South West RDA's LINK magazine, see a real opportunity to make a buck during a recession. According to Phil Tellwright of SWAIN (South West Angel Investor Network), many business angels are "counter cyclical", meaning they invest when others, most notably the banks at the moment, lose their nerve. The theory being that with less competition, you stand to get a better price for your investment and therefore a much better return.
I subscribe to the notion that a £1 spent on marketing during a recession is worth £2 during a boom period. It's quite logical that you will get more bang-for-your-buck with your marketing budget while your short-sighted competitors are slashing marketing budgets for short term gain.
I like to quote Sam Walton who created the world’s biggest retailer, Walmart. During the last recession, he had this to say: “Recession? I thought about it and decided not to take part.”




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