
As the credit crunch forces businesses to tighten their belts across the country, ask yourself before you tighten your own belt if what your business needs right now is less marketing and less promotion?
During a downturn it’s common for marketing budgets to be cut, however there are other ways of reducing your spending during a difficult time than cutting your spending where you actually need it the most.
It’s also not uncommon for businesses to fold during a downturn - don’t become one of those businesses, you can tough it out and when the other firms are folding around you, watch your own brand become stronger as you gain an even greater share of the market!
Here are some tips to keep your head above the water…
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