Someone asked me last week, "What are the best ways to survive a recession?" Without thinking much, I responded, “Love the customers you got!" As I began to reflect on my knee-jerk answer, I realized just how important it is for B-to-B catalogers to do just that.
B-to-B marketers, unlike their B-to-C counterparts, have many customers who provide them large sums of revenue each year. The range in average order values, average annual spend values and lifetime values by site is usually great.
How to Survive a Recession
Someone asked me last week, "What are the best ways to survive a recession?" Without thinking much, I responded, “Love the customers you got!" As I began to reflect on my knee-jerk answer, I realized just how important it is for B-to-B catalogers to do just that.
B-to-B marketers, unlike their B-to-C counterparts, have many customers who provide them large sums of revenue each year. The range in average order values, average annual spend values and lifetime values by site is usually great.