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Impact of recession on IT sales
Tags :
Recession, Credit Crisis, Economic Meltdown, IT Sales, Sale IT, IT Selling, IT Marketing, Sales Marketing, Successful sales, Sales success, CRM, Sales Call, IT Services, Global Teams, IT Consulting, Offshoring, Outsourcing, Indian IT industry, IT Industry, Information Technology Industry, IT market, IT outsourcing, Outsourcing services, business process outsourcing, business outsourcing, IT consulting, BPO
Industry :
IT Services, Technology Consulting
Functional Area : Outsourcing, B2B Sales |
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About "Impact of recession on IT sales" topic:
Recession having a major effect on IT industry how has it impacted IT sales ? Discuss about the various issues related to recession and IT sales here and know about it from experts on the platform.
5 insight
, 6 debates
, 2 idea contests
, 6 question
on topic: "Impact of recession on IT sales"
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10 points to keep in mind for selecting Recession-Proof Marketing Campaigns or Strategies Recession has been disruptive. Make sure your campaigns are prepared to take the pressure of market dynamics. It’s often difficult selecting right campaigns as part of your marketing strategies. The article will help you identify the right campaigns viz-a-viz the economic downturn. Supply will not create it's own demand: The principal will not apply in recession. Make sure that what you market is what is the “ask” of your target audience as well as adequate for consumption. The idea should be well verified and validated with industry analysts, advisors, primary research, sales team and most impor...
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Makrand Bhave
| Commented
| 3 years ago
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Great Insight!! A few pointers though; 1. Less is more: A product can have one basic campaign to trigger its buying. But launching the campaign in various attributes that the product signifies would add more value for the consumer to 'go buy it'!...
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Ramdas Pawar
| Commented
| 3 years ago
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This is great.You have given really very nice points in this article.I appreciate this!
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Mohit Aggarwal
| Commented
| 3 years ago
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Hi..Nishchal Your view points regarding selecting Recession-Proof Marketing Campaigns or Strategies is really great.It is really nice article i would agree that following the above mentioned points will definitely helps a manager to increase the...
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Insight: "10 points to keep in mind for selecting Recession-Proof Marketing Campaigns or Strategies" deleted from your view.
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Positive comment
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Negative Comment
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Nagaraj
| Argues in support of
"Positive comment"
| 3 years ago
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In this course of Recession... each and evry sales people doing their best to be in safe zones irrespective of the organisation they are in.... every body needs to meet targets, numbers... most of them trying to meet the toplines.. orgainsation...
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Ramdas Pawar
| Argues in support of
"Positive comment"
| 3 years ago
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Mr.Nagaraj i definitely agree with your point. Companies are finding newer ways everyday to cope up with recession.Some are cutting costs, others are trying to provide quicker servics and also the employees are facing the heat to meet the targets...
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Debate: "How to beat recession and survive in this course of recession" deleted from your view.
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Yes
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5
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No
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B.Mehernath
| Argues in support of
"Yes"
| 3 years ago
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Yes, it's absolutely right Mrigena it is necessory to hold the price even in recession, otherwise there is no end to cutting down the pricing and sell at breakeven or even on cost to cost price. which'll lead to making further losses.
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Shashi Kumar
| Argues in support of
"No"
| 3 years ago
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I feel that sales professional must keep in mind that there will be times when they must be willing to walk away from an order. Although this can be scary and risky during these tough times, it's essential for them to believe they don't need...
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Mohit Aggarwal
| Argues in support of
"No"
| 3 years ago
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Discounting on price is not a sales strategy. It's an impulsive move made by desperate salespeople. In a tough economy, customers think and expect everything is going to be discounted. Because of this, salespeople feel it necessary to oblige the...
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Debate: "Is Holding Onto Price in a Down Economy is right pricing strategy for sales?" deleted from your view.
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Deepali Gulati
| Answered
| 3 years ago
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HI Jyothi, YES , it has affected the BD profie much more than any other profile. The reasons behind that are: 1. Due to recession, unemployed people are doing freelancing in very less rates. People are giving them orders as they also want to save...
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Deepali Gulati
| Answered
| 3 years ago
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HI Jyothi, YES , it has affected the BD profie much more than any other profile. The reasons behind that are: 1. Due to recession, unemployed people are doing freelancing in very less rates. People are giving them orders as they also want to save...
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Answer: "Has the recession hit People working as BD Manager and those who get business to their firms?" deleted from your view.
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1
Grass roots marketing
2
Implementation of New Schemes
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ojerumu ernest
| Added idea
"During recession, the strategies should be sales promotion, grassrootmarketing"
| 1 year ago
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During recession, the strategies should be, viral marketing, sales promotion,target non-user of the product via grass root/ traditional marketing. During recession is not compulsory you reduces the price but you target your end users through sales...
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SUNIL KR. KULSHRESTHA
| Supported idea
" Grass roots marketing"
| 1 year ago
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During recession, the strategies should be made to target the end consumer and review the factors which influence the consumer in the market. When the number of competitors increases in the market the competition becomes tough it is unfair to...
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shiva Kiran Adapathya
| Supported idea
" Grass roots marketing"
| 3 years ago
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''Product specific Blogs are great resources to get free exposure for your products'' , True .. Every Sales/BD has been working hard to meet at least 30 to 40% of their sales targets. Grass root marketing/viral marketing will generate some...
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Ideate: "How to boost up Sales During a Recession?" deleted from your view.
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The problem with recessions is that many people begin to feel insecure about their jobs and income. And this time round, with the levels of personal debt at all time highs combined with the falls in home equity values, feelings of insecurity are likely to be stronger than usual. That usually sends people into 'survival' mode and that, often, is the worst mode to be in. So how can we prepare ourselves for a recession? Make ourselves independent of our employers by developing, improving or reviving some personal skill that we can sell to others. We all have some personal knowledge or experience that would be useful to others. Even if we've been employed in the corporate world all our working ...
Insight: "5 Ways to Avoid the Effects of Recession" deleted from your view.
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It is not possible to big industry to be more flexible and acceptable of the idea to change their day to day operations in order to stay ahead of the corporation.At the same time it is easy to sm...
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Shrikant
| Answered
| 3 years ago
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An industry as part of the Industrial revolutionary process can never be in it's downfall. The question could be whether the IT contribution in the industries will reduce or not. Just like auto and construction industries have become evergreen...
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Sharat Chandra
| Answered
| 3 years ago
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As far as I think every country are more considered about their economical conditions. As india is most populated and highly talented country, people from other countries outsourced their work to India with profit in their mind and as our economy...
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Harsh Kumar
| Answered
| 3 years ago
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IT industry company cannot go down. IT is the power of gobal , technology take new shape , Better better things are come, Everyperson earn good money in IT...! that is only a game of Rich person , they show market down only, but they have a lot...
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Answer: "Is IT industry is in its down fall?" deleted from your view.
Answer: "hi Taniya,Do you think IT sector have a better future for you?" deleted from your view.
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Can you imagine your life without a credit card, or two? Whether it’s to make payments online, shop till you drop, or for use as a lifeline in an emergency, the arrival of the credit card has been fortuitous both for the consumer, as well as the credit card company. Card Cloning?! As efficient and easy as the credit card makes your life, the world over, credit card theft and fraud is a problem that is slowly but certainly spiralling out of control. Card-cloning is the latest in a string of issues faced by the banking industry, by which card details are furtively recorded during transactions at petrol pumps and supermarkets and emailed across the globe for illegal withdrawals from ATMs. In f...
Insight: "You can't be too careful with your credit card!" deleted from your view.
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Yes
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3
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0
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No
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Kiran Narendran
| Argues in support of
"Yes"
| 2 years ago
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I think the cost-effective solution is to get repeated and referral sales from your existing clients. You dont have to hunt for prospective clients, if your existing clients are happy with what you offer
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Debate: "what measures are IT companies taking to fight Recession? Are they successful or not?" deleted from your view.
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