Skip to main content

For Marketers, What Recession?

News reports about the "R word" have certainly abounded since the beginning of this year. Articles and blog posts written to help marketers adapt and shift tactics in light of the economic slowdown have also proliferated, with Recession: The best thing for SEO from Brian R. Brown , Building Brands In A Recession by Cory Treffiletti, Marketing Tactics in a Recession from the Marketing Safari blog, and, more recently, A low-cost plan to elevate your brand by Alan Ruthazer as just a few examples.

Problem is—and I hate to say this for fear events could somehow suddenly prove me horribly wrong—there doesn't appear to be any recession, at least certainly not from an online marketing standpoint. Sure, it's a difficult time if you're in the business of building new homes and a very tough period for anyone with "mortgage" anywhere in their corporate description, but the damage seems relatively contained.

Statistically, of course, the U.S. isn't actually in a recession. The 0.6% GDP growth reported in the first quarter was pathetically anemic, but it was growth nonetheless.

Another interesting data to point to follow is the Career Classifieds from MarketingSherpa. MS publishes postings from both employers and job seekers. This is how the number of new open positions relative to the number of job searchers has looked over the last nine weeks:

If marketing were really in a recession, one would expect the blue line in the graph above to be plunging while the purple line shoots skyward—which is exactly what happened back in 2000. That clearly isn't happening today.

Okay, so it's only one indicator and time may yet prove me wrong, but marketers are often the first people to get pink slips when the economy heads south. The fact that that doesn't seem to be happening right now is news to be celebrated. And perhaps we'll start seeing articles and blog posts with titles like "How to Market During an Almost but Not Quite Recession."

*****

Comments

Popular posts from this blog

AHREFS tops the marketing blunder list of 2018

It’s Early in 2018 and AHREFS tops the marketing blunder list It’s only the first week in February and you are reading about the Metrics/Data supplier that has provided us with fodder by creating a huge marketing blunder, Ahrefs.

Ahrefs is world's biggest third-party database of search queries with refined monthly search volume and research metrics.  Their data is used by untold numbers of digital marketers across the world.  Arguably they are the industry leader in this type of data.  The only thing that they changed was how a tiny item in their metrics was being calculated. 
About a week prior to the effective date of the change, Ahrefs notified users that a change was coming to how they calculated a domain rating or DR.  They also stated that many sites would see their rankings drop.  I agree that a need for change was warranted.  What I don’t agree with how they calculated the change and its ramifications for roughly 75% of all websites.  

This past Friday evening around 11 P.…

Enjoy the Fun of This Weekend

The weekend always has a lot of fun opportunities to offer those who worked hard all week! We  hope you enjoy thee opportunities because we know you deserve them.

Hello March!

It is finally March! What will be your marketing strategy for this new month?!