How are you preparing for the slowing economy?

Replies to This Discussion

Permalink Reply by Bonnie Benshoof on March 14, 2008 at 9:12pm

I advertise specials, the economy is slow and with the gas prices rising it doesn't make it better, I think you have to target certain types of people and needs, one way is offering specials, and maybe your existing clients offer something for them a promotion of some sort.Just an idea.

▶ Reply to This

Permalink Reply by Bonnie Benshoof on March 19, 2008 at 9:20pm

I do some advertising and offer specials, I also will occasionally for existing customers give them a price break, I cut my retail and compete with bigger companies, I offer the best quality of what I do and keep my prices a little lower and maintain quality and excellent perfomance.
I see what other competitors are doing and offer something better, I stay late hours, I work on saturdays, I bend and twist, It is tough to be in business, but it is competitive and you have to stay ahead and on top all the time, It's not easy, but as the economy gets worse, it is going to have to be that way, if you want to stay in business.

For effects in my market place, i personally haven't seen alot, some people are not buying as much retail, but thankfully, I stay busy.

I always focus my time on the customer and the quality of what I produce, and the clients needs and satisfaction. That's what customer service is all about. If all else fails say a few prayers!!

▶ Reply to This