How to Pick up New Clients in a Fearful Economy
The Fed says we’re in recovery, but there’s no doubt in my mind that there continues to be a great amount of uncertainty about the economy. Looking at various economic indicators like gold futures, gun sales, and home security systems definitely supports this theory. People feel threatened and insecure, and that fear shows up in their spending habits. These are serious considerations marketers need to take into account in order to prosper under these dire circumstances.
We’ve all seen advertising campaigns based in fear, and as much as we may dislike these techniques, they do tend to work. Given the length of time that our current economic troubles have been going on, an increase in consumer awareness, target demographics, and media fatigue this base strategy will not be profitable for every market. A good marketer knows how to make the best of every situation, and what follows is some advice for how to successfully approach these stagnant markets. Continue reading
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