Marketing School | Digital Marketing | Online Marketing

In episode #538 of Marketing School, Eric and Neil discuss what you should do when your revenue tanks. Tune in to hear why you should have a plan of action for this eventuality and tips on how to overcome this hurdle.  Time-Stamped Show Notes: [00:27] Today’s Topic: What You Should Do When Your Revenue Tanks [00:37] Everyone has their ups and downs, no business keeps climbing forever. [00:53] Microsoft once invested in Apple, so that they wouldn’t go bankrupt and Microsoft wouldn’t end up facing antitrust lawsuits. [01:15] Revenue often tanks, because companies are distracted. You can’t lose focus on your main revenue source. [01:45] Revenue also drops, because companies stop innovating their core products. [02:15] Rocket Fuel is a great book about a visionary and an “integrator”. [02:45] You need to have preventative measures in place for when your revenue takes a dip. [02:55] Even consider short-term loans from places like Kabbage. [03:10] Someone from IBM once made a billion dollar mistake. Th