{"id":29109,"date":"2023-01-10T21:47:59","date_gmt":"2023-01-10T21:47:59","guid":{"rendered":"https:\/\/mailinvest.blog\/index.php\/2023\/01\/10\/recession-length-vs-sales-cycle-length-how-to-message\/"},"modified":"2023-01-10T21:47:59","modified_gmt":"2023-01-10T21:47:59","slug":"recession-length-vs-sales-cycle-length-how-to-message","status":"publish","type":"post","link":"https:\/\/mailinvest.blog\/index.php\/2023\/01\/10\/recession-length-vs-sales-cycle-length-how-to-message\/","title":{"rendered":"Recession Length vs. Sales Cycle Length &#8211; How to Message"},"content":{"rendered":"<p> <a href=\"https:\/\/go.fiverr.com\/visit\/?bta=1052423&nci=17043\" Target=\"_Top\"><img loading=\"lazy\" decoding=\"async\" border=\"0\" src=\"https:\/\/mailinvest.blog\/wp-content\/themes\/breek\/assets\/images\/transparent.gif\" data-lazy=\"true\" data-src=\"https:\/\/fiverr.ck-cdn.com\/tn\/serve\/?cid=40081059\"  width=\"601\" height=\"201\"><\/a>\n<\/p>\n<div>\n<p><em>By: <a href=\"https:\/\/www.linkedin.com\/in\/tom-swanson-30b61813\/\">Tom Swanson, Engagement Manager at Heinz Marketing<\/a><\/em><\/p>\n<p>The average recession lasts about 10 months.\u00a0 How long is your sales cycle on average?\u00a0 Marketing is tricky in an economic downturn.\u00a0 There is a sensitive balance between speaking to the current moment and maintaining your core brand position.\u00a0 A question few consider is:<\/p>\n<p>\u201cDoes it take longer to buy and implement your product than the recession will last?\u201d<\/p>\n<p>That is what we will be exploring here, and the concept can be generalized to any trend.<\/p>\n<p>As a disclaimer, we don\u2019t know how long the recession is going to last.\u00a0 Prior to the early 1900s, the average recession was almost 1.5 years.\u00a0 In the modern era it is less than a year.\u00a0 We aren\u2019t experts on economic downturns and the factors that impact their length.<\/p>\n<p>But we are experts on marketing strategy, so let\u2019s get into it.<\/p>\n<h3>Recession Overload<\/h3>\n<p>The 2022-2023 recession, materialized or not, has shaken up marketing messaging.\u00a0 Companies all over are posting blogs about how to do X in a recession.\u00a0 The point is obvious: everyone is trying to capitalize on trying times to build trust in their brand and convince wary buyers that a conversation is the worth the time.<\/p>\n<p>Here are a few of the more common messages:<\/p>\n<ul>\n<li>Mitigate risk<\/li>\n<li>Avoid layoffs<\/li>\n<li>Increase stability<\/li>\n<li>Do more with less<\/li>\n<li>Focus on ROI<\/li>\n<\/ul>\n<p><a href=\"http:\/\/heinzmarketing.wpenginepowered.com\/wp-content\/uploads\/2023\/01\/AdobeStock_487765719.jpeg\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" width=\"400\" height=\"229\" data-srcset=\"https:\/\/heinzmarketing.wpenginepowered.com\/wp-content\/uploads\/2023\/01\/AdobeStock_487765719-300x171.jpeg 300w, https:\/\/heinzmarketing.wpenginepowered.com\/wp-content\/uploads\/2023\/01\/AdobeStock_487765719-1024x585.jpeg 1024w, https:\/\/heinzmarketing.wpenginepowered.com\/wp-content\/uploads\/2023\/01\/AdobeStock_487765719-768x439.jpeg 768w, https:\/\/heinzmarketing.wpenginepowered.com\/wp-content\/uploads\/2023\/01\/AdobeStock_487765719-1536x878.jpeg 1536w\" src=\"https:\/\/mailinvest.blog\/wp-content\/themes\/breek\/assets\/images\/transparent.gif\" data-lazy=\"true\" data-src=\"http:\/\/heinzmarketing.wpenginepowered.com\/wp-content\/uploads\/2023\/01\/AdobeStock_487765719-300x171.jpeg\" data-data-sizes=\"(max-width: 400px) 100vw, 400px\" class=\"alignleft wp-image-24644 lazyload\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-24644\" src=\"https:\/\/mailinvest.blog\/wp-content\/themes\/breek\/assets\/images\/transparent.gif\" data-lazy=\"true\" data-src=\"http:\/\/heinzmarketing.wpenginepowered.com\/wp-content\/uploads\/2023\/01\/AdobeStock_487765719-300x171.jpeg\" alt=\"\" width=\"400\" height=\"229\" data-srcset=\"https:\/\/heinzmarketing.wpenginepowered.com\/wp-content\/uploads\/2023\/01\/AdobeStock_487765719-300x171.jpeg 300w, https:\/\/heinzmarketing.wpenginepowered.com\/wp-content\/uploads\/2023\/01\/AdobeStock_487765719-1024x585.jpeg 1024w, https:\/\/heinzmarketing.wpenginepowered.com\/wp-content\/uploads\/2023\/01\/AdobeStock_487765719-768x439.jpeg 768w, https:\/\/heinzmarketing.wpenginepowered.com\/wp-content\/uploads\/2023\/01\/AdobeStock_487765719-1536x878.jpeg 1536w\" data-sizes=\"auto, (max-width: 400px) 100vw, 400px\"\/><\/noscript><\/a><\/p>\n<p>Everyone, and I mean <em>everyone<\/em>, sees their product as the answer to a recession.\u00a0 So, marketing departments scramble to align their core brand positioning with the trend.\u00a0 A smart idea, and the faster you can do it, the more you can command the message.\u00a0 The early bird capitalizes on the fear.<\/p>\n<p>The market is now flooded with helpful content and guides for navigating uncertain times.\u00a0 Very useful for many young workers who have only experienced the upward-only trend since 2010.\u00a0 What even is a down year?<\/p>\n<p>Let\u2019s back up, though, and revisit when the recession messaging really started to pick up.\u00a0 Right around Summer of 2022, when high inflation was driving record rate increases, and businesses were starting to feel the pain of more expensive debt.<\/p>\n<p>Imagine yourself as a marketer trying to piece together how to respond to the changing business climate.<\/p>\n<p>\u00a0<\/p>\n<h3>Temporary Messaging and Forward-Looking Customers<\/h3>\n<p>As a marketer, you should be intimately familiar with your sales cycle.\u00a0 The length of it, in particular, is key to this discussion.\u00a0 Trends are temporary by nature, and most do not survive to become entrenched in the overall business ecosystem.<\/p>\n<p>So, the thing to compare is how long a trend is anticipated to last vs. how long your time to value generally is.\u00a0 Let\u2019s take a look at two examples.<\/p>\n<p>First, imagine a cycle length of 9 months, with an overall setup time of 30 days.\u00a0 After that, we can anticipate customer change management and internal ramp-up taking another quarter to get to max usage.<\/p>\n<p>In the above case, you are looking at 13 months to get to maximum value.\u00a0 There are a lot of issues with messaging to a 10-month trend in this case.<\/p>\n<ul>\n<li>Churn likelihood goes up as the promised benefits are less relevant<\/li>\n<li>The messaging becomes irrelevant during the sales cycle as companies look to position well to come out of the recession and return to growth<\/li>\n<li>Expansion becomes challenging as the initial purchase reasons may have lost relevance<\/li>\n<\/ul>\n<p>The key word in all of these is relevance.\u00a0 Trends struggle to maintain relevance, and the bigger\/scarier the trend, the more this is the case.\u00a0 Recessions end, and companies don\u2019t wait until that point to begin planning for it.\u00a0 If your sales cycle is almost as long as the recession itself, then positioning your product as a great choice in a recession is likely a bad call that may erode your core brand.<\/p>\n<p>Now consider a company with a 5 month sales cycle, and for the sake of consistency, the same 30-day setup and quarter-long ramp-up.\u00a0 That comes out to 9 months, just one month shy of the average recession length.<\/p>\n<p>In this case, it <em>also<\/em> is likely a bad idea to message your solution as a way to weather the recessionary storm.\u00a0 The reason is the same as above.\u00a0 It takes far too long to get to max value, and recessions are finite.<\/p>\n<p>The only time it would be a good move is if you are well in advance of the actual recession itself.\u00a0 During those initial rumblings in early\/mid 2022, beginning that messaging would make sense and may create value. \u00a0This is because your solution would be able to be bought and implemented while the depth of the recession was just being hit.<\/p>\n<p>If you can provide the promised efficiency\/ROI during that period, you probably have just won a long-term customer.<\/p>\n<h3><a href=\"http:\/\/heinzmarketing.wpenginepowered.com\/wp-content\/uploads\/2023\/01\/AdobeStock_328996104-scaled.jpeg\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" width=\"300\" height=\"232\" data-srcset=\"https:\/\/heinzmarketing.wpenginepowered.com\/wp-content\/uploads\/2023\/01\/AdobeStock_328996104-300x232.jpeg 300w, https:\/\/heinzmarketing.wpenginepowered.com\/wp-content\/uploads\/2023\/01\/AdobeStock_328996104-1024x791.jpeg 1024w, https:\/\/heinzmarketing.wpenginepowered.com\/wp-content\/uploads\/2023\/01\/AdobeStock_328996104-768x594.jpeg 768w, https:\/\/heinzmarketing.wpenginepowered.com\/wp-content\/uploads\/2023\/01\/AdobeStock_328996104-1536x1187.jpeg 1536w, https:\/\/heinzmarketing.wpenginepowered.com\/wp-content\/uploads\/2023\/01\/AdobeStock_328996104-2048x1583.jpeg 2048w\" src=\"https:\/\/mailinvest.blog\/wp-content\/themes\/breek\/assets\/images\/transparent.gif\" data-lazy=\"true\" data-src=\"http:\/\/heinzmarketing.wpenginepowered.com\/wp-content\/uploads\/2023\/01\/AdobeStock_328996104-300x232.jpeg\" data-data-sizes=\"(max-width: 300px) 100vw, 300px\" class=\"alignright size-medium wp-image-24645 lazyload\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-24645\" src=\"https:\/\/mailinvest.blog\/wp-content\/themes\/breek\/assets\/images\/transparent.gif\" data-lazy=\"true\" data-src=\"http:\/\/heinzmarketing.wpenginepowered.com\/wp-content\/uploads\/2023\/01\/AdobeStock_328996104-300x232.jpeg\" alt=\"\" width=\"300\" height=\"232\" data-srcset=\"https:\/\/heinzmarketing.wpenginepowered.com\/wp-content\/uploads\/2023\/01\/AdobeStock_328996104-300x232.jpeg 300w, https:\/\/heinzmarketing.wpenginepowered.com\/wp-content\/uploads\/2023\/01\/AdobeStock_328996104-1024x791.jpeg 1024w, https:\/\/heinzmarketing.wpenginepowered.com\/wp-content\/uploads\/2023\/01\/AdobeStock_328996104-768x594.jpeg 768w, https:\/\/heinzmarketing.wpenginepowered.com\/wp-content\/uploads\/2023\/01\/AdobeStock_328996104-1536x1187.jpeg 1536w, https:\/\/heinzmarketing.wpenginepowered.com\/wp-content\/uploads\/2023\/01\/AdobeStock_328996104-2048x1583.jpeg 2048w\" data-sizes=\"auto, (max-width: 300px) 100vw, 300px\"\/><\/noscript><\/a><\/h3>\n<h3>Pricing In The Recovery<\/h3>\n<p>By the time you read news about a company, that news is priced into the stock.\u00a0 It is the same with marketing.\u00a0 By the time you are reading about recessions or other economic trends, they are priced into how businesses are planning, and more importantly, what the marketing ecosystem looks like.<\/p>\n<p>From that point, the longer your sales cycle is, the less important recession positioning is going to be.\u00a0 In fact, if your overall sales cycle length through time to max implementation is &gt;10 months, then you should be messaging for the recovery.\u00a0 That will be the ecosystem your product will be implemented into, and those will be the benefits your customers are looking to leverage.<\/p>\n<p>Businesses that recover the best will be those that begin preparing for the recovery during the recession. \u00a0The biggest businesses, those enterprise clients that top your target account list, have likely had a better go of it than most, and so their recovery planning will be more robust.<\/p>\n<p>Aligning your messaging with how you can help customers drive the recovery forward and come out on top is likely more effective than playing defense at this stage.\u00a0 Particularly for longer sales cycles that will close well after improvements are underway.<\/p>\n<p>The recession was \u201cpriced in\u201d to the business ecosystem back in June.\u00a0 The recovery is being priced in now.<\/p>\n<h3>The take-away<\/h3>\n<p>It can be tempting to message into the recession because it is relevant and happening now.\u00a0 If you are focused on helping people get through difficult times, this might be a good idea.\u00a0 However, if you are looking to position your product as an answer to the questions brought about by uncertain times, then you have more work to do before you commit to this messaging strategy.<\/p>\n<p>In particular, consider the time it takes for a firm to maximize the value of your solution.\u00a0 If is greater than the amount of time a recession usually lasts, then you are better set putting your messaging elsewhere.<\/p>\n<p>As always, email me with any questions: <a href=\"http:\/\/www.heinzmarketing.com\/2023\/01\/recession-vs-cycle-length-how-to-message\/mailto:tom@heinzmarketing.com\">tom@heinzmarketing.com<\/a>.<\/p>\n<\/p><\/div>\n<iframe data-lazy=\"true\" 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