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MARKETING IN A RECESSIONARY ECONOMY. What does a recession look like from a students perspective ?. A STUDENTS LIFE IS IN PERPETUAL RECESSION NO CURRENCY ON MY PHONE! NO PETROL FOR MY BIKE! Hmmm…yes sometimes I borrow money from my girlfriend. WHAT DO YOU THINK OF ME NOW?.
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MARKETING IN A RECESSIONARY ECONOMY
What does a recession look like from a students perspective?
A STUDENTS LIFE IS IN PERPETUAL RECESSION • NO CURRENCY ON MY PHONE! • NO PETROL FOR MY BIKE! • Hmmm…yes sometimes I borrow money from my girlfriend WHAT DO YOU THINK OF ME NOW?
What does a real recession look like?
Banks & FI’s Internet Companies went bust SUBPRIME MORTGAGE MELTDOWN DOTCOM BUBBLE
What this tells us is: • “RECESSION” IS LARGELY A STOCK MARKET PHENOMENON • RECESSION IS AS IMPORTANT AS EXHALING • THERE IS NOTHING TO BE SCARED OF IN A RECESSION • THERE ARE OPPORTUNITIES EVERYDAY
WHAT ACTUALLY HAPPENS during a recession?
REVENUE & MARGIN • LOWER REVENUES • TIGHTER MARGINS • SLOW CUSTOMER ON-BOARDING • LIFE GETS CHEAPER • DEFLATION • BETTER TALENT FOR LESS • LOW OVERHEADS • IT’S A BIT LIKE INDIAN CRICKET • AMAZING HIGHS • DEPRESSING LOWS • AND THERE IS ALWAYS AN ANNOYING COMMENTATOR
WHAT SHOULD YOU be Thinking and doing during a recession?
GOOD COSTS • INNOVATION • MARKETING • CUSTOMER SUPPORT • HUMAN CAPITAL • BAD COSTS • ADMINISTRATIVE EXPENSES • PERQUISITES • CAPITAL EXPENSES • “IT DEPENDS” COSTS • Outsourcing • People retention • Price reduction
HOW DO YOU SELL IN a recession?
FOCUS ON WHAT YOU HAVE • PRESENTATION • PERSEVERANCE
A case study in low cost Marketing – GUESS WHO?
TAHRIR SQUARE, CAIRO JANUARY 24TH 9 AM
TAHRIR SQUARE, CAIRO JANUARY 25TH 9 AM
MADISON SQUARE, NEW YORK AUGUST 30TH 9 PM
MADISON SQUARE, NEW YORK AUGUST 31ST7 PM
One man straddled both Tahrir & madison squares
Debut EP CERTIFIED Platinum. First artist to have seven songs from a debut record to chart on the Billboard Hot 100 First Album debuted at or near number-one in ALMOST ALL countries. certified platinum in the United States 2NDand 3RD Albums also go on to debut at number one
2010 AMA “Artist of the year” 2 TIME GRAMMY NOMINEE earnings to date $ 108 Million!! 28 million followers on twitter
Justin drew bieber Age: 18
Justin bieber was discovered on youtube.com
What can we learn from justin bieber?
Knowing you have the talent • Packaging / presentation • Knowing your market • Knowing your medium