2. Marketing Fast Moving Consumer Goods
As the Fast Moving Consumer Goods are low priced and many brands and companies are involved in the manufacturing and
production of same categories of products, it becomes really difficult to project a special place in the minds of the consumers.
Therefore, marketers have to think of special plans and ways in which they can attract consumers towards their products even at the
time of normal economic circumstances or at the time of boom in the economy. Therefore, at the time of recession, the difficulties
increase even more. As we all have seen or heard about the most recent recession that has affected the world economy really badly, it
became difficult for many industries to survive. Similar is the case with FMCG as well. As it is a low priced and high volume area to
work upon, it became really difficult for sellers to make or increase the profit margin regarding the same. The main reason for this is
that due to recession and a need to save money people prefer buying cheaper brands as compared to highly expensive ones. Due to the
profit margin being lower than other industries, it becomes really difficult for these FMCG companies to sustain and survive. Brands
that take a proactive stance and treat the recession as an opportunity are likely to come out of the recession stronger than before. In
this article, I am trying to describe what can be done by these companies on how they can improve profits with the help of Dove’s
Real Beauty Campaign.
2.1. Increasing Investment in Brand
In recessions, shoppers have a natural tendency to switch to private labels in order to save money. What the brand needs to concentrate
on in such a scenario is either they can lower the price of their own products or they can offer something of value to the customers
such that they can buy these goods even at a higher price.Due to increase in the price sensitivity during recession time, reducing the
price can prove to be beneficial to a great extent Secondly, coming out with such ideas that can attract consumers and can make it clear in their eyes that using a particular product
would offer certain benefits to them or add value more as compared to other goods or services.
Reducing the investments in brand during the time of recession weakens the equity of brands and negatively impacts on shareholder
value. In sum, companies often do the wrong thing by reducing marketing expenditure despite compelling evidence that it pays to not
follow the general trend of cutting back during a recession. Marketing expenses should be treated as investments that can help an
organisation in building large customer base in the long run rather than being treated as an expense that is of no use to the company