“Panic marketing” is a term I read in The 10 Commandments of B-to-B Direct Marketing, a white paper by The Hacker Group. It’s based on the misguided belief that direct marketing (or marketing) can somehow create faster or increased sales for products that have built-in sales cycles.
“Panic marketing almost never works,” the Hacker Group writes. “If the customer needs nine months to make a decision, direct marketing can’t affect sales this quarter. If the customer needs 18 months to make a decision, direct marketing can’t affect sales this year.
“The proper way to use direct marketing is to generate qualified leads on an ongoing basis.”
All true, but often ignored in our hyped-up, competitive economy. If you’re a marketer and an agency promises you the world, be wary. If you’re an agency and to get the account the marketer expects the world, educate them or simply run.