Surviving A Recession, How Companies Are Evaluating Online Marketing Partners
A recent article in The Phoenix Business Journal said,
“One marketing sector that seems to be thriving is the Internet [in a down economy], as more companies realize the Web is the way of the future for communicating with customers and potential customers…Internet-based marketing and advertising often is a far cheaper way to generate new and repeat business than conventional advertising..” Read the full article.
While some small part of me has a bit of angst that a down economy (or recession) is what is causing more companies to move marketing dollars online, I also find this revelation among companies as a shining star in my future and in theirs. As a passionate Internet Marketer I have always thoroughly believed in the power of online marketing – if the strategy, management, and execution are all done well.
We have been fortunate to add new business and continue to grow our small yet powerful Internet Marketing company. In Q4 and into the first month of 2009 we have noticed several significant trends in the ways companies are doing business and shifting their marketing strategies which has made us successful in garnering new business.
Over the past six months we have seen the following:
- Companies are scrutinizing their budgets and their service providers. No surprise on the budget part, but the scrutinizing of service providers is. Companies are realizing that their service providers, with regard to online marketing, are saying they do it all but are falling short of providing results let alone showing any type of progress. They are realizing that online cannot be treated as traditional marketing – there are more mediums and channels to market online and each must be handled differently so it is important to have a service provider that understands the strengths and weaknesses of these disciplines.
- Many medium to large sized businesses are looking to smaller firms who specialize in online marketing, such as PPC strategy and management, SEO, and online media planning even email marketing strategies to focus on relationship marketing. Often times you’ll receive more intimate customer service and find that smaller specialty agencies provide better value and have a deeper understanding of your business resulting in a partnership and extension of your company versus “you are the client, we are the agency” mentality.
- Companies are realizing that Internet is playing a more significant role in their business and are taking more time to educate themselves on these tactics, whereas before companies would trust non-specialty agencies to run their online campaigns with no regard for measurement.
- Companies are making changes to their messaging that appeals to consumers needs today,, in a down economy versus delivering the same messaging and throwing more advertising dollars towards it. The right Internet Marketing firm can help uncover new trends with regard to keywords, visitor trends in searches, and behavior that will help guide this new messaging.
If you’re looking to get started or make a shift in online marketing service providers my first word of advice would be to outline your goals and objectives, know your budget, then understand what type of service provider you are looking for. Pick up the phone and contact a few local Phoenix internet marketing companies and start an initial conversation about your challenges, your objectives, and what you are looking to achieve.