When sales decline, budgets tighten and typically, the first area to be scrutinized for cutback is promotion and marketing. Part of the magic of marketing is the ability to create perception. Businesses must create and maintain a perception that they are critical, viable and resilient.
An example of this is your local auto dealership. Even when sales are in a slump, they continue to run weekly ads in local newspapers. Why? To maintain their customers’ perception that things are just fine. Of course the automobile is an intricate part of the American psyche. Give the perception that the local automobile dealership isn’t viable and the ripple effect can reach far and wide. [Read more…] about Your Customers’ Perception Of You Is Your Brand
