11 Recession-Proof Internet Marketing Methods
By Sheila on Jan 17, 2009 in Advertising Tips
Yup, we’re in a recession. A deep, deep, no-way-out, bottom-of-the-pit recession.
If you run a web site, it’s easy to sit back and shut your eyes as we start the long downward roller coaster ride. But there are some things you can do to recession-proof your internet marketing:
1. Make every customer happy. It’s easier to keep a customer than it is to get a new one. If something goes wrong, or if someone’s blasting you via e-mail, think before you respond. Of course, you should always do this, but maybe think a little harder this time.
2. Focus on content. Go back over your site. Is every single page a perfect sales letter? If not, go over it again. Edit and re-edit. Post your edits each time. This is an iterative proces. But constant improvement will mean better conversion and better search rankings.
3. Think search engine optimization. Pay attention to the basic principles of search engine optimization. Have great content. Make sure your site is easily ‘crawled’ by the search engines. Don’t engage in any tricky stuff that might get you banned.
4. Measure everything. If you’re spending money on advertising, measure every ad for effectiveness. If it’s not converting sales, dump it. No sense spending money that doesn’t generate a return. Just keep in mind the latency of your customers: If it takes 4 weeks for someone to make a buying decision, don’t delete the ad after 2 weeks.
5. Go back to fundamentals. Some marketing methods have worked for decades: Honesty. Clarity. Research. Don’t get cute – stick to the fundamentals.
6. Find safety in numbers. Seek out your favorite competitors and work with them. Sounds nuts, but think about it. Find the customers you don’t want, but they do. Have them do the same. Refer them back-and-forth. Even do some co-marketing. You’ll both make more money that way.
7. Go wild. This is not a time to get conservative. Your competitors probably will. This is a good time to stand out, not by being silly or overspending, but by making sure you have a particularly effective message, and that you carry that message everywhere. Remember, internet marketing is always cheaper than other media. So expand, don’t shrink, what you’re doing online. OK, I’m biased on this one. But you don’t have to hire me. Just go do it.
8. Expand lines of communication. If you aren’t blogging yet, start. It’s access to ‘soft dollar’ marketing that only costs you time. And it gets you access to an entire world of social media. Then get yourself an account on one or more social networks (Facebook, 9Rules, MySpace, etc.). Don’t spam. Just make friends. If something exciting happens in your business, communicate it there. If you have 100 friends, and they each have 100 friends, that’s 10,000 potential listeners.
9. Go deep. Deliver more information than ever on your web site. Be sure that visitors can learn every detail of your product or service online. That means fewer phone calls, and less of your time. Time costs money, so this saves you money in a time when money’s a bigger concern.
10. Be careful about price cuts. All of your competitors are going to cut prices. You may have to – I’m not an idiot – but try talking about value first. Does your product save money in the long run? Talk about that before you slash prices. Or, offer discounts for bigger purchases. Give customers ways to save money that help you earn more, not less.
11. Panic calmly. Trust me, the word ‘recession’ scares the bejesus out of me, too. I’m a small business owner with a family, and I’m the sole wage-earner. But panicking – laying off staff, reducing marketing, shutting down distribution channels – will do irrevocable damage that costs far more to repair than it saves in the short term. So do what I do: Panic, but panic calmly.
Now I’m going to go have a beer and try to remember my own advice…
Ian Lurie runs the internet marketing company Portent Interactive in Seattle, WA. He’s been an internet marketer for over 10 years, with clients including Advertising Age Magazine, Trump University and momAgenda. If you’re wondering: He’s every bit as spooked as you are
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7 Comment(s)
By Drey on Jan 18, 2009 | Reply
You never fail to hit the nail on the head. Thanks for those great inputs, innovative and creative ideas. Your site has a very big impact on how i do things on my blog. I hope you have time to visit it. Your input will be greatly appreciated. Have a great day.
By Rick Vaughn on Jan 18, 2009 | Reply
You would think that these would be common sense but people continously forget the fundamentals. I like # 7 Good Wild. Try to do what everyone else is not doing!
By hailey on Jan 19, 2009 | Reply
this is very helpful and informative. thanks for posting.
By Jeff Paul Scam on Feb 2, 2009 | Reply
Nice post! Internet marketing is indeed gained popularity and has earned its spot of being a money making IT field.
By WordPress Mass Installer on Mar 20, 2009 | Reply
Thanks for the informative post.. and thanks for adding our comment to the blog
By Online Auctions on Dec 27, 2009 | Reply
I like the 5th point, i.e, go back to the fundamentals..Honesty. Clarity. Research.but what i feel is we need to stick to these whether it is recession or not..
By Online dating on Dec 27, 2009 | Reply
Good article Sheila, 11 Recession-Proof Internet Marketing Methods..very helpful points..hope this methods are workout in this recession period..Nice sharing..