Posted Friday, October 17, 2008 by
Ryan McCann
As the US economy crumbles and strikes doubt and uncertainty from coast to coast, everyone is taking a hard look at their industry and what pays the bills. Most are asking the question; How will my company survive a pending recession and downturn economic times?
If your employed within or use digital media marketing to brand your business, this article from
MS&L Worldwide shows just how and why Internet Marketing will stay strong for agencies as well as prove to be a successful advertising medium for business's looking to combat a slow economy.
Out of the dozens of articles that talk about this subject this one is one I appreciate the most due to their research and statistics.
Here is the core of the article describing how company's are planning on managing their
Internet Marketing dollars during hard economic times.
"When asked, by discipline, if they expected spending to increase,
decrease, or remain the same in the coming year, 75% of marketers say
they expect spending for digital programs to increase, 21% say budgets
will remain the same, and only 4% expect digital spending to decrease.
But marketers appear less bullish about other major marketing
disciplines: far fewer (33%) expect advertising budgets to increase,
while 48% say they will remain the same, and 20% expect a decrease.
Public relations spending may be slightly more stable, with 37%
anticipating spending more, a majority (52%) expecting to spend the
same, and just 11% expecting a decrease.
Marketers also overwhelmingly agree that they would be “most likely”
to cut from many other disciplines before turning to digital if forced
to scale back budgets as a result of poor economic conditions.
Advertising is cited as the most likely to be cut (35%), followed by
point-of-sale marketing (29%), public relations (16%) and direct
marketing (16%). Digital, on the other hand, is at the bottom of the
list, with only 4% of respondents indicating they would be most likely
to cut from this area."
With a hurting economy and the usual uncertainty in an election year, marketers will be ever more diligent in making sure their advertising dollar is going towards a medium that is 100% proven and accountable... Internet Marketing.
As a tip for business owners already engaged in any digital media marketing, now would be the time to get a second opinion or a check up by a professional to make sure your on the right track.