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Welcome to Small Biz Blog! |
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A daily blog about the trials and tribulations of actual small business owners as they try to grow their business! Learn from these entreprenuers as they share their unique enterprising experiences. From business start-ups, small business resources, innovative marketing ideas, social networking and surviving in a recession, our members tell all. Consider contributing a small business story of your own. |
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Be LEAN and MEAN: Advertising in Uncertain Times |
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by Janet Bronte, On Track Marketing Unless you're an ostrich with your head in the sand, you don't need to be reminded that these are some pretty tough times. And when times are tough, our instincts tell us to stop spending, tighten the old belt buckle and adopt a wait-and-see approach. But, it is through this very approach, that we will undoubtedly begin to watch our sales drop, our in-store traffic die down and our anxieties rise. Economic slow down shouldn't mean a slow down in marketing efforts. In fact, several studies show that advertising during a recession not only maintains your presence in the marketplace for customers who may need your products or services during this period, but after the tough times subside, you're apt to gain more market share than the competitors that chose to be nonexistent, cutting their advertising all-together. |
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Strategies For Success in a Slowdown |
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The current economic cycle is a bit like driving in fog: we can see just in front of us, and we know there is clear air just above us, but we have no sense at all of what the landscape looks like. It's not helped by the conflicting data and interpretations about where we are in the cycle. As the old saying goes: forecasting is very difficult, especially when it's about the future. |
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