Portable Sanitation Association International

Association Insight, July 21, 2021

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PSAI Association Insight, July 21, 2021 I 17 Crazy Busy? Don't Stop Promoting Your Business! Todd Ginter, PSAI's Director of Marketing Business is going good? Sales are strong? You are so busy each day you don't know if there are enough hours in the day to get everything done? That is great! It is something we have been hearing all through the industry. It is during times like these you may be thinking to yourself that this is a good time to save on marketing and advertising expenses. After all, it certainly looks like that investment may not be needed. However, that type of thinking is not smart business thinking. You may have heard this same advice somewhat recently but during the opposite business environment—a period of time where sales were very slow or non-existent. For example, a recent down time with business was during the financial crises and recession in 2008-2011. A more recent example of this was the beginning of 2020. Even though the pandemic didn't completely stall all portable sanitation business, owners were walking on egg shells not knowing what the next day, week or month would hold. During those down times for business, I would see marketing materials, online blogs and advertising experts telling business leaders not to stop their marketing campaigns or advertising buys. When times are tough you need to advertise even more. But what about now, when you may have more work than you can handle? Simply put: the "don't stop advertising" mantra also holds true when business may be booming. Why? Because it is not are usually the ones you won't be hearing from in the next couple of years. When it comes to promoting your business, there are many other reasons beyond the temporary cycle of business sales activity for why you should never stop your marketing and advertising. Here are those reasons: 1. The market in which you do busi- ness is constantly changing. New families, new prospects, new lifestyles will all change the marketplace you are doing business in. Since 2009, between 10 and 15 percent of Ameri- cans move or change residences each year. Those numbers are skyrocketing post-COVID. When you stop advertis- ing, you miss evolving opportunities and drop out of local awareness. Your new residents don't know who you are. You are not on the same bus so to speak, which means they won't ever see you or know that you are there for them. 2. People forget fast. Remember, consumers are bombarded with tons of marketing messages (an estimat- ed 6,000-10,000 daily). Research in 2017 found some eye-opening results regarding consumer retention of those messages. Other advertising data shows just how long, and how many always going to be this way, and you are in business for the long haul. For example, if you have a 401k retirement account or money invested in the stock market, is it a good idea to cash out as soon as the market swings up a little or down a little? Of course not. Financial advisers would certainly advise against you doing that. Situations will change and those who give in to knee jerk reactions (continued on page 18)

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