Posts tagged ‘Good economic news’

February 24th, 2009

Good Economic News: Part 2

Oh, sure. The stock market dropped again yesterday. But as mentioned, the 60 Second Marketer and many of our followers are refusing to participate in the recession. It’s our belief that, while times are clearly very difficult, there are glimmers of hope and, as such, we’re positioning our companies for success now and in the future.successsign

So, why do things look so bad right now? It’s because the government reports on information that’s several months old. Remember last year when the government told us we were in a recession? Our collective response was, “Where have you been? You’re just catching on to that?”

Here’s a scenario that explains the lag time: Large Corporation A realizes it needs to cut staff in month 1; it plans the cuts in month 2; it executes the cuts in month 3; the government processes the data in month 4; the government reports on the data in month 5.

So, the government reports data that’s many months old, and the stock market responds with triple digit drops. But running a business based on 5-month-old information is like trying to drive on a highway by looking in the rear view mirror.

Yes, things are tough. But there’s some stuff you can be encouraged by:

  1. Interest rates are at historic lows and housing has become affordable. Real estate agents we know in Atlanta and Washington, D.C. are busier than they’ve been in years. Why? Because housing is now at its most affordable level since 1971.
  2. A source on National Public Radio predicted that the S&P 500 may rise as much as 20% towards the end of the year. Why? Because as soon as investors acknowledge we’re at the bottom of the cycle, they’ll quickly start buying stocks that are steals.
  3. Energy prices have dropped. Oil is 76% lower today than it was last summer. Cheaper energy means that people who were putting money into their gas tanks are now able to put money into restaurants, vacations, new tires and home improvements.
  4. Low inventories equate to increased production in the near future. In December, inventories declined at twice the rate that was anticipated. When the economy starts to rebound and demand begins to rise, companies will need to boost production to meet demand. This means there will be a need for more employees, reducing the strain on the government’s unemployment program.
  5. Walmart posted a quarterly profit that beat Wall Street forecasts. The world’s largest retailer saw sales rise 6% in the quarter as it attracted more shoppers trying to save money in the recession.  Net sales rose 1.7% to $108 billion.

Again, we’re not in denial here. Times are definitely tough. But you have two choices — be part of the team that’s wallowing in the negative news stories, or be part of the team that’s figuring out how to be poised for growth in the  future.

Here’s to healthy growth in the future.

Onward.

P.S. Would you like to be added to our growing list of companies that are refusing to participate in the recession? Then leave us a comment and we’ll add you to the list.

Here’s the list so far:

  • FORTE’partners
  • VoiceQuilt.com
  • Todd Miechiels + Partners
  • SleepytimeStore.com
  • Piano Expectations
  • Response Mine Interactive
  • 60 Second Online University
  • 60 Second Marketer
  • BKV Interactive and Direct Response
  • A School Bell Rings
February 23rd, 2009

Good Economic News: Part 1

This is the first in a five-part series on some of the good economic news happening around the globe. As mentioned previously, we’re tired of the gloom and doom perpetuated by the news media. To be sure, times are tough and the economy is suffering. But the way we see it, you have two choices — wallow in the bad news and feel sorry for yourself, or acknowledge that things are tough right now and get working on digging yourself out of the hole.

Despite all the bad news reported on CNN, Fox, NPR, ABC, NBC and CBS, there are some glimmers of hope. The monthly tally of the Index of Leading Economic Indicators rose, contrary to expectations. It rose only 0.4%, but it continued the turnaround that began with a 0.2% rise in December. It was enough to prompt Ken Goldstein, an economist for the Conference Board, to speculate that the recession could begin to ease in the coming months.

In other news, Coca-Cola recently reported for 2008 an 11%  increase in revenues to $31.9 billion. Excluding one-time costs (such as write-down at its largest bottler) Coca-Cola net income was up 17% to $7.4 billion.

According to the Atlanta Journal-Constitution, “Coca-Cola will do well (in the future) because it sells an affordable luxury delivered through a strong global distribution system … It also is pushing more innovations into the market. Among those innovations, the company has redesigned graphics for Sprite and Fanta. It has extended Coke Zero’s no-calorie tag to other drinks such as Fanta and Sprite.”

So … what does all this mean if you’re a marketer or a business-owner?

Here’s the take-away:

1) We’d encourage you to stop focusing any energy on the bad economic news. Successful business-people surround themselves with energized, optimistic people. Be a successful business-person.

2) Remember, no matter how bad the economy is, there are opportunities for smart business-people. They’re the ones figuring out how to take the current situation and make the best of it.

3) Re-position your product or service to bring out the “value” and “cost-savings” aspect of it. (Side Note: When we launch 60 Second Online University in a few weeks, you’ll notice we’re positioning it as a cost-saving alternative to sending your employees to conferences and seminars.)

4) Get started on a path towards recovery. Once the economy starts ramping up again in full, you’ll want to be ahead of the curve so you can take advantage of the upcoming growth.

5) Finally, send your company logo (or just an email) to TheFriendlyPeople@60SecondMarketer.com so you can be added to our list of organizations that are refusing to participate in the recession. There’s a group of us out there who are determined to make something good out of these challenging times. Join us!

That’s it for today. We’ll see you tomorrow in Part 2 of our series on Good Economic News. Send us your good economic news and we’ll include it in one of our upcoming stories.

Onward!

February 22nd, 2009

5-Part Series on Good Economic News

Are you as tired of hearing all the doom-and-gloom business stories as we are? We’ve done an investigation into some businesses that are weathering the storm quite well. They range from Mom-and-Pop stores to mega-brands like Walmart and Coca-Cola.

Tomorrow, we’re starting a five-part series on Good Economic News. Each day, we’ll share stories about businesses that have refused to participate in the economic downturn.

Do you know a business that is weathering the storm? Then leave us a comment about it and we’ll include it as part of our 5-part series called, simply, Good Economic News.


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