In a recent Mobile Marketer column, Matt Silk, senior vice president, Waterfall Mobile, discusses surviving a slowing economy with mobile marketing.
Prove It or Lose It: Mobile Matters Now More Than Ever
A Waterfall Mobile article by Matt Silk
In virtually every direction, there is a storm on the horizon. Prices are up, credit is scarce, revenue is down, consumers lack confidence and marketers are being forced to fiercely defend their budgets.
When times are uncertain, our survival instinct tells us to pull back. Duck and cover. Make ourselves small to avoid being hit hard. If all you want is to survive, this is likely good advice.
However, in the competitive media and advertising marketplace for consumer mindshare and discretionary dollars, if you are just trying to survive, chances are you will not. There are too many players trying to expand their businesses while you are just trying to protect yours.
So, to survive, you need to focus on deepening your engagement with existing customers and profitably finding new customers.
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