top of page

Smarter Marketing Strategies for Thriving in a Recession


A LED sign on a brick wall that reads: This is the sign you've been looking for

RX's Claudia Holley, covers off smarter marketing strategies to you can make sure you keep thriving in a recession. Claudia is a Marketing and Merchandise Specialist here at RX and the person to talk to for all things digital.

 

As businesses navigate through the uncertainties of a recession, strategic decisions regarding marketing investments become increasingly critical. It's not just about spending less; it's about spending smarter. 

 

Consider this: In the next one or two years, while your competitors maintain or increase their marketing efforts, where will you be if you scale back? If you're not consistently talking about your brand and reminding people why they should choose you, you could lose customers to competitors who are still talking about themselves. 

 

Rather than looking to cut budgets, view this as a chance to refine your approach and identify the areas to invest your time, resources and money. By doing so you can sustainably drive brand awareness for long-term success. 


Investing in the future: Marketing Strategy 

 

Often overlooked or considered a lower priority within businesses, is a marketing strategy. However, this strategic roadmap is crucial for effectively reaching and engaging with your target audience. With a well-defined strategy in place, you unlock the potential to capitalise on valuable opportunities and connect with your customers.  

 

Crafting a winning marketing strategy involves understanding your audience, setting clear goals, and highlighting your unique selling proposition. Choose the right channels, allocate resources wisely, and create compelling content to engage your audience effectively. Stay agile, track performance, and adjust your strategy as needed to maintain a competitive edge in the market. 


Leveraging cost-effective channels 

 

Leveraging cost-effective channels can make a significant impact without breaking the bank. Digital marketing, social media platforms, and email campaigns offer affordable ways to reach a broad audience.  

 

Content marketing, such as blogs and videos, can engage customers and build brand loyalty at a lower cost compared to traditional advertising. Additionally, partnerships and collaborations with other brands can help expand reach and share resources, further reducing costs.  

 

By focusing on these efficient channels, businesses can maintain visibility and customer engagement even in challenging economic times. 


Maximising the power of organic social media 

 

Don't forget about organic social media—it's free, and who doesn't love free stuff?  

Here are our top tips to ensure you are maximising its potential: 

 

  • Consistent posting is key to maintaining visibility and keeping your audience engaged. 

  • Use your content pillars to guide your posts and develop a content calendar that not only informs but also inspires and entertains your audience. 

  • Remember, quality always beats quantity. Focus on creating valuable content that truly resonates with your followers. 

  • Take the time to respond to comments, messages, and mentions, showing your audience that they are seen and appreciated. 

  • Engage with your community by using fun tools like polls, quizzes, and Q&A sessions to spark interactions. These activities not only boost engagement but also help build a community around your brand. 

 

Leveraging the power of organic social media helps you to stay connected with your audience and keep your brand top-of-mind. 


 

 

Navigating the unique needs and challenges that businesses face with a limited budget requires a focus on effective marketing strategies and cost-effective channels. We’re here to help, whether its collaborating with you to craft a winning strategy, offering guidance to enhance your digital marketing efforts, or managing it all for you. Book in a discovery call with us today to get started!

Juanita@rxgroup.co.nz or 0274768073

Comments


bottom of page