Small to mid-size businesses and not-for-profit organizations affected by the recession need more than ever to strategically market themselves. But just like it seems counter intuitive to many people that the federal government has stepped-up spending during the hard times our country now faces, many leaders of small organizations feel it’s more logical at this time to save by cutting-back on their marketing expenditures. They have a point. They can actually go out of business if they spend too much during lean times. Unlike the federal government, they can’t simply print more money and delay paying off debt until way into the future.
On the other hand, if small organizations don’t do anything to stimulate the support of their prospective and existing clients and funders, their current situation will only get worse and, when times get better, they will emerge from the recession in a weakened state vis a vis their competition and they may not be able to survive after all.
What’s the answer? In my opinion, when times are tough small organizations should minimize what they spend on buying traditional print or broadcast advertising, direct mail promotions and printed marketing support materials. Instead, they should maximize their efforts both to gain free exposure in the media and to utilize the Internet.
Developing and executing a public relations strategy either in-house or with an outside counselor requires only a fraction of the investment it takes to develop an advertising campaign. It can give an organization a distinctive persona by presenting its key messages through media outlets such as radio, TV, magazines, newspapers and journals. Public relations’ biggest advantage is that it can establish or add to an organization’s credibility with the public by telling its story through the media outlets that the public already knows and relies on for information.
Exploiting the free aspects of the Internet is another cost-effective way to market an organization. It can be accomplished by simply maximizing the public exposure of an organization’s Web site (on search engines and on all organizational communications), by enhancing the user-friendliness of the organization’s Web site, by creating an e-newsletter, by developing an online community through blogs and other social media tools, and by creating new interactive functions for making sales, accepting donations, conducting surveys, or registering people to participate in organizational events.
PR and Internet marketing are two ways to keep an organization’s name and key attributes in front of its target audiences that don’t have to break the bank. Of course, nothing is completely free. Each endeavor requires the time and effort of either in-house staff or outside consultants – - but this cost can be recouped many times over with a well-planned and carefully executed communications strategy.