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Why You Should Gear Up Your Marketing in a Slow Economy

Anne Bailey Berman

You're concerned. Revenues are down. Things had been going so well, but with the state of the economy, you're now feeling the pressure. 'The market is just not buying now, so let's cut discretionary expenses until the market bounces back,' you think. Right decision? Probably not. The marketplace has slowed, not died, and customers and prospects still need to buy products and services. The way to succeed in such an environment is by becoming finely attuned to the market's requirements. Although costs are tied to gaining the market insights that can help optimize your effectiveness, the costs of inaction could prove much higher.

So what's the prudent strategy? Here are some considerations:

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