Effective Marketing Strategies for Economic Downturns

RADIO ONLINE | Monday, April 7, 2025

Cumulus Media and Westwood One

In times of economic uncertainty, businesses often grapple with marketing decisions. A recent analysis by Cumulus Media | Westwood One Audio Active Group highlights seven strategic approaches grounded in historical data that aim to bolster marketing effectiveness even during unpredictable economic climates.

The core principle revolves around maintaining or increasing the share of voice beyond the share of the market. Research from the World Advertising Research Center (WARC)/Millward Brown suggests that it can take brands up to five years to recover from periods of reduced advertising, emphasizing the peril of "going dark."

Creative strategies play a pivotal role, with superior creativity leading to significantly higher ROI and sales impact. The emphasis shifts towards generating future demand through brand building rather than solely focusing on converting existing demand via sales promotions. Emotional campaigns, noted for building stronger brand connections, are particularly effective, encouraging feelings of joy, surprise, or even nostalgia among consumers.

The shift in media spend is also critical, with recommendations to allocate more budget to AM/FM radio, which can extend reach even with reduced overall marketing budgets. According to Nielsen Media Impact data, reallocating a portion of TV budget to radio can significantly enhance campaign reach.

Marketing leaders are advised to stay engaged with their customers, their most valuable asset. By maintaining communication and offering value through challenging times, brands can foster loyalty and position themselves for recovery once economic conditions improve.

Insights from leading marketing research bodies like Kantar, the Ehrenberg-Bass Institute for Marketing Science, and influential figures such as Peter Field and Les Binet, underline the importance of sustained marketing efforts. They collectively argue for a balanced approach of maintaining visibility and engaging emotionally with consumers to navigate through economic downturns effectively.

Read the entire blog post here.