It’s old news that the last few years have been hard times on businesses and consumers alike. A recent Consumer Reports study shows that the consumer sentiment index in America just hit a 20-month low. It seems the financial stress on families coupled with the ongoing national debt and unemployment issues has Americans feeling rather dispirited.

Infograph Courtesy of Consumer Reports
How can you continue to help your business succeed while many consumers and employees and their families are struggling or focused on their financial difficulties? The answer is much simpler, and perhaps even easier to accomplish than you might think.
It’s obvious that during hard financial times, sales, deals, and benefits for consumers are attractive B2C ways to draw business. But how does a B2B marketer react to low consumer confidence?
Thought Leadership
It’s really no mystery that better thought leadership and business-facing agendas are appealing to consumers, employees, and investors alike. Companies that have a positive image based on their leadership and non-product motives and actions are undoubtedly going to continue to succeed over those that consumers, employees, or investors don’t trust, or find shady.
Think of how hard of a hit BP has taken, or any of the large financial companies who have been under constant scrutiny and investigation due to their business actions and lack of commendable corporate leadership and behavior. Invariably their reputation, and as a result, their margins, have suffered.
Compare that to companies like Amazon.com, who exhibit upstanding business practices and expertise and was recently voted the most reputable company in America. Their reputation is preceded only by their sales volume.

Image courtesy of Businessweek
In these hard economic times, the answer to how to help your business may be to simply keep doing what you already are (granted, your business moral compass already points North) — maintaining your thought leadership, being responsive to the marketplace, and ultimately, managing your reputation.
And don’t be afraid to try and implement some new, positive thought leadership and strategy in your B2B market. Being top of mind as an upstanding corporate citizen offers an additional touch point through the sales cycle.
How your business is perceived is often an even bigger motivator than the product you sell or the price you sell it at. Positioning yourself as not only a market authority, but as a respectable one can have a far greater ROI for your business than you might imagine.
So go ahead, speak up about how your company stands for more than just sales. Write a press release, blog or status update. Adopt something new, don’t be afraid to have and embrace an option in your marketplace. That’s the type of reputation and thought leadership your customers are looking for.
What companies have the best reputation in your mind? Is your B2B thought leadership space open for the taking?















