Historical evidence
supports the theory that an economic downturn is probably the worst
time for a business to cut advertising spending. Successful businesses
have found that building brand equity works best as a sustained effort
over time – whether times are good or bad. Check out some of
the studies and see why it’s a good idea to maintain your advertising
during a recession.
Integration: Pre-game event a win-win for brand partners
Many companies seek
to increase their brand equity, market share and profit by collaborating
with others to create new products and services or sponsor events.
Through partner integration in the co-sponsorship of a community
event, MillerWhite helped several clients take advantage of “branding
by association,” strategically leveraging brand equity for
all parties.
After
an errant newspaper story placed a corporate merger between two
well-known and respected businesses in jeopardy, JM Capital requested
public relations services and crisis communications counsel from
MillerWhite. In an award-winning effort, a strategic communication
plan and media training helped to turn the situation to the positive,
and the merger was a success.
After spending $1 million
to create an “unforgettable” 30-second television commercial
and $2.5 million to run it during the second most-watched television
program of all time – Super Bowl XL – marketers need
to know that someone out there remembers their products. Take our
Super Bowl Commercial Recollection Test and see how many
advertised products you recall.