How are we going to cope with the economic downturn, apart from shopping at Aldi? Whatever you do, don’t cut your marketing budget. My experience of previous recessions is that people stop buying big ticket items like new cars or foreign holidays but continue to cheer themselves up with small luxuries like entertainment. Reducing your marketing will damage sales.
If your boss or funder says you must cut the budget, then you have no choice. In any case, it’s never a bad idea to review your marketing plan to see which tools are working. (If you’re spending money without measuring the results, you must work for a local council or a bank.)
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