So, raise your hand if you aren't aware that we're in the midst of a recession of epic scale. If you raised your hand then please let me know what cave you've been living in so I can move there with my family. My point is that we all know there's a recession on and we're not likely to forget any time soon.
- I hear enough about the recession on the news, at the water cooler, etc. I don't need to be reminded of it by every merchant out there.
- How is it effective marketing to remind me that I'm broke as you try to sell me your discounted wares? The reality is that if I'm broke and if your product isn't a staple (milk, bread, eggs, Nintendo Wii) then I'm not going to be swayed by your discount. In effect your discount is going to woo people who have money and still have their jobs so why create a negative association with the recession?
- If everyone else is doing it how are you separating yourself from the herd?
My advice? Go back to the basics and play up your strengths. Better quality, better service, customers are treated like family, etc. Unless you're Wal-Mart the likelihood that you'll win on price is pretty low, and who really wants to be known as the cheapest shop in town?