3 Steps to Gain Market Share & Grow During a Recession

Recessions is something that can bring fear and uncertainty to everybody, including business and their customers. If you panic and make the wrong decision, it can be a detriment to your business, long after the recession is over.

The most important thing to remember is that recessions are temporary. They won’t last forever, so don’t make a knee-jerk reaction when something doesn’t go quite right.

What should you do during a recession?

Ignite Visibility has set up a framework that you can use for your business to grow during a recession, allowing you to take a good position within the marketplace.

  • Update your offers: Talk to your customers to understand how their mindset has changed. Are they interested in a cheaper option? How have their needs changed?
  • Ramp Up Your Marketing: Studies have shown that companies who invest more in marketing during a recession tend to grow for years after the recession
  • Gain Market Share: go big with your market spend to show your potential customers that you are the main choice.

Scott Davenport

Scott Davenport is the content writer and social media man of Thrive Business Marketing and Thrive HVAC in Portland Oregon. Writing about the current events of the SEO world, as well as tips and advice that fellow SEOs could use to improve their own SEO campaigns and shares it for the whole world to see!

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