Cost- effective marketing during recession
Friday, June 12th, 2009Advertising is expensive and whilst it is essential, it becomes increasingly difficult for a business to advertise through the traditional mediums when advertising budgets are being slashed. Companies are looking for more cost-effective ways to promote their brands. There are lots of marketing options and some can prove to be just as effective. This is in part due to the changing times (people absorbing media in different ways) and the improvement of the channels for advertising online etc. This is compounded by the fact that most people now spend time looking for the exclusive discounts available not just the brands they are familiar with.
In a report researched and compiled by the World Advertising Research Center (WARC) on behalf of the Advertising Association (AA), it was found that the total UK adspend fell by 3.9%, but when separated and analysed by medium it revealed that while newspaper expenditure fell the most (12%) and spend on every other medium also fell, internet expenditure was up by 17.3%.
Internet advertising is an attractive media choice and marketing option at the moment because it can be more cost-effective than other forms of advertising. The rise to stardom of sites such as Facebook and Twitter just add another dimension which is yet to be completely and successfully tapped into.
Another cost-effective option is to look at the free marketing options. Loyalty and membership programmes offer a way to market a brand for free and are operated by a third party, meaning minimal human resources for the business involved. All the business has to do to feature in a loyalty and membership programme is offer an exclusive discount to the club members. This also answers the public’s demand for exclusive discounts on the items/ services they purchase. The members use a directory and/or website featuring all the businesses and their exclusive discounts, to look through when they want to shop or plan an experience. The Rocket Marketing Group operates a number of different loyalty and membership programmes including The Big Savings Club, The Entertainment Club, The Home and Garden Club and JML VIP Club. These clubs collectively have a membership base of over 100,000. The captive audience is considerable, so surely this is something that most businesses offering products and services would benefit from?
Contact Us if you would like to discuss how a Rocket Marketing Group, loyalty and membership programme can be a good marketing option for your business.


