Oct 29
2008
Market Yourself Out of Recession – On a Shoe String
Posted by
Rachel Pradhan
In this month’s Entrepreneur Magazine, Robert Kiyosaki wrote about how marketing can help those of use feeling the pinch of the recession. As he put it: “I’ll bet money that this business [referring to a full-page ad for a local appliance store] will be here next year. Why? Because this business is advertising more aggressively than its competition.”
Many businesses will cut down on marketing and advertising when the pinch begins – and I think this is especially true for entrepreneurs, including life and business coaches, who shoe-string their marketing efforts. I’m not putting down shoe-string marketing, in fact I’m right there with you! Like many of the clients I help with Internet Marketing, I don’t have a huge budget for my Marketing efforts – and that’s why I utilize my ‘feet’ vs. my wallet. Examples of marketing efforts that cost little* or nothing: blogging, podcasting, online video (if done on your own), social networking, and utilizing forums. In fact, I only advertise in one magazine, and most of my marketing budget is used in networking (the physical kind with rubber chickens, business cards, and costs a lot more than Facebook or Twitter – but still important to attend).
You can build your business during the recession (or whatever you want to call it) without spending that much. The good news is: not everyone will work hard to get ahead of the recession. This gives hard workers the advantage. How about you? Are you with us?
*Most of these examples of ‘time vs. money’ marketing ideas are less than $300, and most are even free.
With the Presidential election drawing closer, our feelings and emotions are rising. You may feel the need to stand up and be heard. That’s what I love about America – you can voice your opinion on politics without being prosecuted! However, as business owners we also need to be a little wary.
Seth Godin, in his blog post “
The ‘Pied Piper’ of
Mari Smith, the “Pied Piper of Facebook” (so-called by Fast Company Magazine), will be speaking at Helping Hands for Coaches next Friday!
From what I gather, all coaches go through this “What is my niche?” phase – and sometimes don’t come out! 

