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"Companies that increased ad spend saw success in the long run. Sixty percent of brands that increased their media investment during the last recession saw ROI
by neom 4y ago
"Companies that increased ad spend saw success in the long run. Sixty percent of brands that increased their media investment during the last recession saw ROI improvements. Brands that increased paid advertising also saw a 17% rise in incremental sales. By contrast, marketers who cut ad spending risk losing 15% of their revenue during a recession."
It's not unusual for businesses to lay off people and divert the capital towards go-to-market during a recession.
https://info.analyticpartners.com/roi-genome/the-rules-of-recession-proofing-advertising-effectiveness https://info.analyticpartners.com/roi-genome/the-rules-of-re...
- boringg 4y agoAlso the companies who are able to pay for marketing in a recession are biased to be in a strong position already. I wouldn't think that because they spend on ad revenue they performed well, I would take it as they were able to spend on ad revenue and thus survive and do well. Whereas their competitors had no ability and had to likely manage cash flow issues.