I am often asked what is the most important marketing action to take during an economic downturn such as the one we are experiencing now. Obviously they want to know where to spend what little budget they have on the most important area that will bring a return. Obviously there is no easy answer to this as it all depends on the activity of the company but there is one thing that consistently needs monitoring very closely – how your customers perceive you.
Many companies have a strong idea about how they see themselves and their offer and consequently how they fulfil their customers needs however, if you go and ask those customers the same question they often reveal something completely different. This gap between perceived and actual can mean a disslocation which can have a negative effect the relationship.
My advice is to get closer to your customers, ask them what they need and how you can help them. It doesn’t have to cost anything, maybe some advice, a bit of time or a favour to get something done. Remember they are all probably going through the same pain and if someone shows them a helping hand now they may just put a contract in it when things get better later on!


