Don't Ax the Marketing Budget! | In the News | Gift Basket Review Online

Don't Ax the Marketing Budget!

In the minds of the retail buyer, Christmas is already over and the focus turns to 2009 production. Some retailers are considering preliminary budget cuts, expecting sales to chill a bit next year. But WHERE to cut is the biggest question. Quite naturally, advertising and marketing are on the front line for cuts.

But be careful with that ax, warns veteran business people. In a era when larger companies will most definitely cut back expenses in marketing and advertising, this is precisely when small businesses can come forward aggressively, spend a little and gain massive shares of the market through more visible advertising.

According to a survey by Epion CMO (published in DMN News) 94% of executives believe marketing is MOST vital in a troubled economy. However, 79% say the believe marketing is the first place companies cut budgets in tight financial times. This is good news for a small business owner prepared and liquid enough to make bold marketing moves next year. Here are the top reasons to consider MORE marketing in 2009:

1. Media deals and discounts will be available.

2. It will take fewer dollars to stand out in a less crowded media market.

3. Large competitors will pull back new and on-the-edge products. A small business willing to take risks on new inventory can shine like never before.

4. Consumers weary of “safe” merchandise will be seeking something new, shopping in places they’ve never gone before to find relief from the boredom of “same-safe” big box retailers.

5. Companies stepping forward in troubled times make news, and that can mean more and better free publicity.