In episode #2336, Neil and Eric discuss whether or not you should raise your prices during a recession. A decline in digital ad spend and overall investment in digital has been reported lately, and use the last real global recession as a point of reference. You’ll also hear an example of a recession-proof strategy along with our predictions for the changing financial climate. Tune in today to hear all this and more! 

TIME-STAMPED SHOW NOTES:
[00:20] Today’s topic: whether you should raise your prices during a recession.
[00:30] The consensus among economists today regarding the possibility of an upcoming recession.
[01:06] The decline in digital ad spend and digital overall.
[01:28] The last real recession we had in 2008.
[01:58] Why you shouldn’t increase your prices during this time unless you have to. 
[02:10] Why you should try to keep your pricing consistent or reduce it if you can afford to.
[02:17] An example of how focusing on pay for performance is effective in a recession.
[03:36] An invitation to join us in Miami for Leveling Up Founders.
[03:52] That’s it for today! Don’t forget to rate, review and subscribe!
[03:59] Go to https://marketingschool.io/live to learn more!



Links Mentioned in Today’s Episode:


Subscribe to our premium podcast (with tons of goodies!): https://www.marketingschool.io/pro



Leave Some Feedback:




What should we talk about next? Please let us know in the comments below
Did you enjoy this episode? If so, please leave a short review.





Connect with Us: 


Leveling Up Founders
Neilpatel.com
Quick Sprout
Growth Everywhere
Single Grain
Twitter @neilpatel
Twitter @ericosiu



Learn more about your ad choices. Visit megaphone.fm/adchoices

In episode #2336, Neil and Eric discuss whether or not you should raise your prices during a recession. A decline in digital ad spend and overall investment in digital has been reported lately, and use the last real global recession as a point of reference. You’ll also hear an example of a recession-proof strategy along with our predictions for the changing financial climate. Tune in today to hear all this and more! TIME-STAMPED SHOW NOTES:<ul>
<li>[00:20] Today’s topic: whether you should raise your prices during a recession.</li>
<li>[00:30] The consensus among economists today regarding the possibility of an upcoming recession.</li>
<li>[01:06] The decline in digital ad spend and digital overall.</li>
<li>[01:28] The last real recession we had in 2008.</li>
<li>[01:58] Why you shouldn’t increase your prices during this time unless you have to. </li>
<li>[02:10] Why you should try to keep your pricing consistent or reduce it if you can afford to.</li>
<li>[02:17] An example of how focusing on pay for performance is effective in a recession.</li>
<li>[03:36] An invitation to join us in Miami for Leveling Up Founders.</li>
<li>[03:52] That’s it for today! Don’t forget to rate, review and subscribe!</li>
<li>[03:59] Go to <a href="https://marketingschool.io/live">https://marketingschool.io/live</a> to learn more!</li>
</ul> Links Mentioned in Today’s Episode: <ul><li>Subscribe to our premium podcast (with tons of goodies!): <a href="https://www.marketingschool.io/pro">https://www.marketingschool.io/pro</a>
</li></ul> Leave Some Feedback:  <ul>
<li>What should we talk about next? Please let us know in the comments below</li>
<li>Did you enjoy this episode? If so, please leave a short review.</li>
</ul>  Connect with Us:  <ul>
<li><a href="https://www.levelingup.com/founders/">Leveling Up Founders</a></li>
<li><a href="http://neilpatel.com">Neilpatel.com</a></li>
<li>
<a href="https://www.quicksprout.com/">Quick Sprout</a> </li>
<li><a href="https://growtheverywhere.com/">Growth Everywhere</a></li>
<li><a href="https://www.singlegrain.com/">Single Grain</a></li>
<li>
<a href="https://twitter.com/neilpatel">Twitter @neilpatel</a> </li>
<li><a href="https://twitter.com/ericosiu">Twitter @ericosiu</a></li>
</ul> Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a>

Neil Patel and Eric Siu bring you daily ACTIONABLE digital marketing lessons that they've learned through years of being in the trenches. Whether you have a new website or you're an established business, you'll learn the latest SEO, content marketing, social media, email marketing, conversion optimization and general online marketing strategies that work today from people that actually practice marketing and operate businesses.
Approaching 100M downloads with 2,500+ episodes, you're sure to find something that will help you grow faster. Also don't forget to subscribe to our Marketing School YouTube channel to get more marketing goodness.

Marketing School - Digital Marketing and Online Marketing Tips

In episode #2336, Neil and Eric discuss whether or not you should raise your prices during a recession. A decline in digital ad spend and overall investment in digital has been reported lately, and use the last real global recession as a point of...

Should You Raise Prices in a Recession? #2336

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/9aef731a-ac58-4122-9897-b0d1017fed9d/transcript

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