šØ Cutting the marketing budget in an economic downturn costs more than it saves!
History shows that brands who cut their marketing budget during tough times donāt just lose salesāthey lose loyal customers, awareness, and long-term market share! š
In his recent Ad Age article, Jack Miller, CEO of True Independent Holdings, outlines 4 essential strategies to keep your brand strong during an economic downturn:
1ļøā£ Double down on your brandās core truth
2ļøā£ Pivot from short-term performance to lasting presence
3ļøā£ Invest in agility + analytics
4ļøā£ Align your C-suite around marketing as an asset, not a cost
š The takeaway: Cutting brand marketing isnāt a savingāitās a setback!
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