Recession-Proof PR

in Small-business

PR is important in good times and essential in hard times. It is always important to promote, market, and advertise your business. The good news is that compared to other forms of marketing, PR is generally less expensive and always more validating.

McGraw Hill did a study and found those businesses that boosted their public relations, marketing and advertising during a recession grew 275% over the 5 years proceeding. However, those businesses that cut back, if they were still in business, only grew 19%.

Hard economic times are, ironically, the best times to aggressively launch a PR campaign. When times are challenging, often one of the first decisions a business owner will make is put a halt to any and all marketing; where in reality, the most important time to market a service or a business is precisely during those slow periods. The Chinese symbol for danger is also the symbol for opportunity. If you're smart, you'll focus on the opportunity aspect. Think about it, when the economy is slow you, more than ever, want to reach your target market and separate yourself from the competition. Most business owners and entrepreneurs react in the typical knee- jerk way by climbing into their shell and waiting for business to improve.

So these times offer even greater opportunities; while you competitors are in hiding, get yourself out there. Be creative. Think of ways to use the recession, or economic downturn as a part of your pitch. If you're targeting the high-end market, focus on the most expensive product or service you offer. Go against the flow and offer the media a different type of story. If you're targeting consumers that are being impacted by the economic downturn, come up with a unique cost-saving offer or market an unusual product or service. Each business will need a different approach, but keep in mind that doing nothing PR-wise during economic tough times, will result in just that - nothing.

Copyright © Anthony Mora 2009

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Anthony R Mora has 1 articles online

Anthony Mora began his media career as a journalist and magazine editor. In 1990, Anthony formed Anthony Mora Communications, Inc., a Los Angeles-based public relations company that has placed clients in: Time, Newsweek, 60 Minutes, CNN, USA Today, Oprah, The New York Times, Vogue, and other media. Anthony, who is the author of "Spin to Win," has been featured in: USA Today, Newsweek, The New York Times, The Wall Street Journal, The BBC, CNN, Fox News, and other media outlets.

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Recession-Proof PR

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This article was published on 2010/04/03