Consumer Confidence Linked to Advertising

"Financial Company Ads: Out of Sight ...Out of Business?"

That's the headline on a post at the Nielsen blog.

The article goes on to say, When asked about their own banks, insurance companies and investment firms, 55% of respondents who said they had seen more advertising for their financial institution reported having “complete confidence” in the financial health and soundness of their financial company and only 18% said they had “little or no confidence” in their company.

Companies that maintain or even increase their ad spend during times of economic slowdown often gain market share at the expense of competitors that cut back. When the economy rebounds (as inevitably it will), the aggressive marketer reaps the benefits of that additional market share. Some in the advertising community call this the (Procter and) Gamble strategy; it's sound thinking.

Now there's additional evidence to support the claim that positive PR and advertising go a long way toward preserving familiarity and boosting consumer confidence in an otherwise chaotic environment.

No medium is better suited to fostering this kind of familiarity and confidence than radio.

A competent and caring radio advertising professional can be worth his/her weight in gold to any client who's serious about weathering the present storm and navigating toward a prosperous future.