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11 Recession-Proof Internet Marketing Methods

by wrttnwrd Apprentice(January 2008) (rank 74th)
 
 
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The R word is in the American air again: Recession. Hard to believe it hasn't already hit, given the money pouring out of the USA, the lack of money coming in, and our, cough, leadership.


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. If you're not sure what to do, GrokDotCom's new guide is a great place to start. Click here.
  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...

 
 

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Re: 11 Recession-Proof Internet Marketing Methods

Linda
Vote:

March 2008

I think a benefit of a recession is some of your search marketing competitors will cut back spending out of fear, even though search has one of the highest ROI of any marketing campaign if it's done right...
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Re: 11 Recession-Proof Internet Marketing Methods

jackie-shervington
Vote:

January 2008

Thanks a great post.

It reminds me of a wonderful story about a man and his hamburger shop and his reaction to recession, here is the edited version;

The economy hits hard times he works harder to make his hamburgers the best; buying the freshest lettuce, juiciest tomaoes and softest bread.

He survives whiles others close shop and he becomes very rich and sends his son to do an economics degree.

Years later another recession looming, his son who is an expert tells dad to "cut back" and prepare for the recession ....of course his hamburgers are no longer the best and sadly he goes out of business.

I think one of my economic lecturers taught me that at UNI - I thank him for this sound advice.

 

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Re: 11 Recession-Proof Internet Marketing Methods

angieh
Vote:

January 2008

Those are some great ideas. I was actually thinking last night about the R word and it affecting business.
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