Back in January a government minister said she could see a few “green shoots” of recovery for the economy. This sparked massive debate both in and out of parliament as some people thought it was far too soon to be making such claims. This month has seen yet more signs of economic improvement therefore reigniting the debate.

The statistics seem to show slight improvements in certain areas such as the recent rise in manufacturing output and house prices, but then unemployment figures still seem to be going up. It is a confusing picture hence the debate.

All the confusion has led experts and studies to show that people are still feeling quite negative about the economy but there are some signs of improvement such as the Nationwide’s monthly consumer confidence index for May that showed a rise in consumer confidence.

Martin Gahbauer, Nationwide’s chief economist, said: “The more modest change in overall consumer confidence this month is no surprise and, as we continue to see contrasting news about the state of the economy, it is likely that confidence will remain fragile. While some reports suggest tentative signs of a slowing in the pace of economic decline, it is important to remember that a number of sectors are continuing to contract and any recovery is likely to be sluggish. What is clear from our findings is that while consumers remain pessimistic about the present situation, they appear to be much more confident about the future than they were at the beginning of the year.”

It is a confusing time economically and it can be hard to know what information is reliable, as much of it is speculation or figures which can be interpreted in a number of different ways.

What’s clear is that even during times of consolidation, businesses need to continue to market their brand and encourage customers to become brand loyal because economic recovery is inevitable sooner or later. This may mean that finding alternative or free marketing solutions to match public spending habits and cultural changes that happen during a recession. Now is a good time to foster relationships with new brand loyal customers so that when the green shoots of recovery bloom, there is a customer base to benefit from.

The Rocket Marketing Group operates a number of loyalty and membership programmes which give businesses a free marketing solution. All the partner business has to do is offer an exclusive discount to the loyalty and membership programme member. Loyalty and membership programmes tap into the current consumer trend of discount shopping. People can become less brand loyal unless the brand offers value as well. Our loyalty and membership programmes collectively have an active membership base of over 100,000 all actively seeking discounts and brands to shop from. The loyalty and membership programmes may be a free marketing solution that helps make sure that businesses do enjoy the green shoots of recovery when they appear.

Contact Us if you would like to discuss a loyalty and membership programme as a free marketing solution for fostering new brand loyal customers for your business.

Advertising 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.

Loyalty and membership programmes can really help generate customer loyalty because of the positive association consumers feel when belonging to a club and enjoying the privileges and exclusive discounts.

When the average exclusive discount is multiplied by the number of different businesses offering a discount in a loyalty and membership programme the joint saving of a loyalty and membership programme for a member is huge.

The member sees the savings as a whole and therefore what is a relatively small amount for one business can appear to be more to a consumer. This is because the exclusive discounts are seen in the context of the complete amount saved with a loyalty and membership programme, such as The Big Savings Club.

This table shows the real value of the savings that can be made using a sample of the best exclusive discounts Big Savings Club Members can use*:

When members save this much money the associative value for brands featured in The Big Savings Club can be immense. This is the advantage loyalty and membership programmes have over seasonal sales, one-off vouchers and promotions. The loyalty and membership programmes also offer a continual point of reference for members, helping to generate customer loyalty.

The Rocket Marketing Group operates a number of different loyalty and membership programmes. They are free for businesses to be featured in when they offer an exclusive discount to members. The largest of the loyalty and membership programmes The Rocket Marketing Group operate is The Big Savings Club and with over 56,000 members the opportunity to reach a new audience and generate customer loyalty is impressive.

Contact Us if you would like to offer consumers an exclusive discount with your business through a loyalty and membership programme, encouraging consumers to spend money with your company and have a positive experience attached to your brand.

Offers correct at time of publication and subject to terms and conditions. *Big Savings Club savings have been calculated from average UK family spending figures from the “Expenditure and Food Survey” and “Family Spending Survey”, Office for National Statistics, 2006. All member privileges quoted are correct at December 2008 and may be subject to change. All figures have been rounded to the nearest pound.

This summer the recession is set to continue but there are a number of factors which will help certain businesses do well during this period. Tapping into these and understanding how to make the most of valuable consumers will be the key to a successful summer. Some of the elements that could help British businesses do well this summer include:

The good weather

Early predictions have told us that we should have a hot summer in Britain this year. Although the forecasts are not completely reliable, we have been blessed so far with the sunny weather.

Chief Meteorologist at the Met Office, Ewen McCallum, said: “After two disappointingly-wet summers, the signs are much more promising this year. We can expect times when temperatures will be above 30 °C, something we hardly saw at all last year.”

Not only does the good weather put Brits in a good mood but it means that they become valuable consumers as they spend money on their gardens, barbeques, days out, nice food for picnics etc. These are all important for British Businesses to have a successful summer.

Ian Cheshire, Group Chief Executive of Kingfisher plc, said: “We have made a good start to the year, boosted by better weather and a later Easter.  B&Q in particular capitalised well on this increased demand, growing its market share and doubling its retail profit.”

Less people are going abroad for summer holidays

Despite the rise in the amount of budget airlines and cheap package deals over the last couple of decades, a foreign holiday is still considered a treat. In the last year a lot of people have been looking for ways in which to cut back and they have been realising the easiest way to do this is by forgoing luxuries and treats. This has largely been bad for British businesses but the reduction in the amount of people taking a foreign holiday could be a blessing for a lot of others. When Brits stay at home for the summer they are valuable consumers.

RAC revealed that nearly two-thirds of those that holidayed abroad last year are staying put this year and short distance travel plans are up 33% on 2008.

The Caravan Club has noticed a positive change this year reporting that advanced bookings for 2009 are up by 40% on 2008.

More people visiting Britain

The weak pound may mean that we don’t get much for our money in Europe, but this works both ways. Can we expect people from other European countries to flock to Britain for a cheap holiday? For them it’s possibly the best time to visit the UK, at a time when they’ll get more for their Euro. If this proves to be true Britain will get a new group of valuable consumers.

Interest rates at an all-time low

This has an effect on the amount of disposable income people have. For those on a tracker mortgage the interest rate drop will not have just eased the financial pressures on them, but could well have released another pocket of disposable income. Brits are being cautious with their money but with savings rates also low it’s not as appealing to save any spare money either.

It is important to make sure that the British people who are spending money in the UK do so with your business and one way to do this is by marketing your brand through a loyalty and membership programme. The Rocket marketing group develop loyalty and membership programmes, offering members discounts from a range of companies offering everything from shopping to leisure. It is completely free for companies to feature in the loyalty and reward programmes when they offer an exclusive discount to members. Across all the clubs Rocket has over 120,000 full active members nationwide. Therefore this makes it a powerful marketing tool for British Businesses. Loyalty and membership programmes target those in the UK who are looking to spend money on a good deal. Targeting these consumers could make this a successful summer for your British Business.

Contact Us if you would like to discuss how a loyalty and membership programme can work with your business to encourage consumers to use your products/ services, and help you have a successful summer.

In some ways business is no different to other areas of life. When times are hard even the fiercest of rivals have to come together to defeat a common enemy. In football, players who compete against each other on a weekly basis will come together to represent their country; pop stars will share the limelight with other bands on a TV show to encourage people to buy music. It’s also the theme of numerous films, but in reality it can actually work well. With the state consumer confidence and the economy is in, businesses that offer products and services to the public should maybe look at ways to rally. The need to increase consumer confidence and push consumers to spend is a shared interest; so supporting each other by working towards this goal is a powerful marketing proposition.

External influences can also help and the government has introduced measures to boost consumer confidence and push consumers to spend their money. The measures include lowering repayments on tracker mortgages by continually reducing interest rates, introducing schemes which help people to get on the first rung of the property ladder and bolstering the banks in an attempt to encourage them to start lending again. With these measures and many others in place worldwide the economy and consumer confidence is starting to show glimmers of an upturn, but how can businesses further encourage the increase in consumer confidence and push consumers to spend more money?

In the coastal town of Rye, a lot of businesses decided to come together and make it known that they accept Euros in their establishments and this has proved to be very beneficial. The success of this scheme has made the national news this week, proving that in this instance pulling together seems to have worked.

Mr Holman of the town’s Chamber of Commerce said that using the Euro had so far proved more successful, “than we ever dreamt of.”

Another example of businesses rallying for a common goal is in the East Sussex town of Lewes, where they have united to design and print their own currency – the Lewes Pound. This initiative aims to encourage locals to spend their money locally.

In larger towns and cities shopping centres are possibly the most visible example on the high street of businesses coming together to give consumers a one stop shop for a range of goods/ services, pushing consumers to spend their money in one place. The shopping centres often offer car parking/ crèches etc and advertise/ promote what they collectively offer customers.

This is also the aim of loyalty and membership programmes which promote a range of businesses along side each other. Businesses can offer an exclusive discount to members and feature in a guide which is set up, managed and promoted by a third party. Alternatively businesses can sell the loyalty and membership programmes as a bespoke club to existing customers, providing them with a full service of products.

The Rocket Marketing Group currently operates 5 loyalty and membership programmes covering many areas including Travel, Lifestyle, Shopping, Entertainment and Motoring.

Contact Us if you would like to discuss what a Rocket Marketing Group loyalty and membership programme can do for your business.

The British Bankers’ Association reported that the amount banks lending to small businesses rose by 239 million in January, proving that small businesses can still emerge and grow despite the current economic climate. In some instances small and medium sized companies are actually better equipped to deal with harsher times as they can be more streamlined, determined and focused on consumers needs. But are there things that small businesses can do to optimise these advantages and boost consumer confidence?

Commenting on this data, BBA statistics director, David Dooks, said: “There have been net rises in term lending to small businesses each month since last autumn, albeit at levels below last year’s monthly average, reflecting subdued business investment in the economic downturn. At the end of last year, the outstanding level of term lending was some 9 per cent higher than a year earlier. The many small businesses that don’t borrow are drawing on cash reserves to fund current cash-flow needs, such as January’s tax payments. Despite the recession, people are still embarking on new business ventures, as shown by the number of new start-up relationships in early 2009 being in line with last years average.”

There’s always room for small to medium sized businesses to flourish in the current economic climate because of the unique relationships they can foster with their customers. It is so important to get the small details right and build mutually respectful relationships with consumers, as it’s far easier to adapt to individual needs and build brand trust and consumer confidence at a grass roots level. But businesses that rely on reputation and word of mouth can’t afford to make mistakes. So it’s particularly important during the current economic climate to give customers what they need and make sure that their recommendations become an effective form of free marketing. This is something that has become increasingly important and recognised by all businesses, whatever their size.

In its latest quarterly referendum survey, members of the Forum of Private Businesses voted for restoring business confidence (65%) and restoring consumer confidence (63%) as the two issues they most want the Government to prioritise in the 2009 Budget in order to support their businesses.

For smaller businesses, finding ways to reward customers is particularly important when trying to develop and enhance consumer confidence during the current economic climate and that’s why The Rocket Marketing Group offers a number of reward programmes including The Midweek Dining Club, The Home & Garden Club, The Big Savings Club and The Entertainment Club. These are particularly good for small and medium sized businesses to be involved with, as they offer free marketing on a national scale to an ever growing customer base of 300,000 people. All our partners have to do to receive this free marketing, is offer an exclusive discount to our members. It is a way of giving customers something back for remaining loyal to the brand.

The Rocket Marketing Group’s range of reward programmes are also available to be sold to a business’ existing customer base. We currently work with clients such as JML who generate commission by selling a range of clubs to their customers. This gives JML incremental revenue and gives the customers a wider range of products and services at a reduced rate, which they associate with JML, making it more of a one stop shop for consumers’ needs.

With the recent announcement that the UK is heading towards a period of deflation, the worry is that consumer confidence will dip further. The fear of businesses is that the public become even more reluctant to make non-essential purchases, especially when the costs of goods are continuing to fall.

According to the Office for National Statistics, the Consumer Price Index was 3.2 per cent in February 2009, up from 3.0 per cent in January 2009. Retail Prices Index (RPI) inflation slowed to 0.0 per cent in February, down from 0.1 per cent in January.

In an already beleaguered market it’s hard to believe that things can get any worse, as surely people have already changed their spending habits as much as they are willing to or can do? But then in a bid to learn from history we have to look at the unfortunately lengthy deflationary period Japan suffered during the 90s and brace ourselves for what could be a long period of deflated consumer confidence. Ultimately though, only time will show us how it will all pan out, so all businesses can do is optimise every selling opportunity.

The Rocket Marketing Group offers a range of reward programmes developed to help businesses drive repeat business, promote brand loyalty and improve consumer confidence, which are important elements for optimising every selling opportunity in hard times. It is completely free for businesses to be featured in one of the reward programme brochures, websites and seasonal newsletters, when they offer an exclusive discount for club members. Membership numbers for The Rocket Marketing Group’s reward programmes have soared in recent years to an ever growing total of 300,000 people, so there is a large base of customers for businesses to engage with.