Inflation? Supply chain issues? Tough to find employees? Possible recession? The economy is all over the place, leading to very uncertain times for business leaders and for marketers. So, what’s a marketer to do? Should you lower your prices? Slash your budget? Give up on marketing your business altogether? In simple terms, how can you market your business — online or offline — during uncertain times?
This episode to Thinks Out Loud takes a look at how to think about marketing in uncertain times, how you can take care of your customers
Want to learn more? Here are the show notes for you.
Thinks Out Loud Episode 352: “Marketing in Uncertain Times” Headlines and Show Notes
* Amazon Aims to Sublet, End Warehouse Leases as Online Sales Cool – Bloomberg
* We are not in a recession, nor is one inevitable.
* Claudia Sahm on Twitter: "I am not the only one who is feeling good about the labor market. Last month 7 in 10 people said they expect unemployment to decline in the next year or stay about the same. I do too. That’s not a recession brewing, at least not the expectation of one. https://t.co/a4jxwmpdlu" / Twitter
* Claudia Sahm on Twitter: "Recession, Recession, Recession. The news is grim. Fears are rampant. Should they be? I will say emphatically: we are NOT in a recession now. Businesses added almost 400,000 jobs last month; the unemployment held at 3.6% for the third month. That’s outstanding, not a recession." / Twitter
* Claudia Sahm on Twitter: "But it’s complicated. When asked directly about a recession in a different survey, about half of adults say one is already here. Again, I disagree, but it’s worth drilling down into how we might get from here to a recession or not. https://t.co/W0ZgSn09Nq" / Twitter
* Becky Quick on Twitter: "Yes. And it’s why we might see core inflation (ex-food & energy) moderate, with headline inflation continuing to climb. (Gas & grocery prices climb, sucking away consumer spend from non-discretionary items.)" / Twitter
* What happened in every U.S. recession since the Great Depression
* Recession trends – Google Drive
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