During the last few months, one reoccurring question has been whether or not I – as the CEO of a smaller web company – have been affected by the economical downturn. My spontaneous answer to this question is no, not a great deal (at least not yet). I have however seen trends in our clients spending routines and taken some security measures on behalf of CPerspective Ltd.
Since we work globally and represent three larger areas of online marketing (SEO, Web design and Online advertising) we have a pretty broad field of services as well as clients. This makes us very adaptive and dynamic to the clients need and the general ‘health’ of our industry. If we see negative trends in one market, we can move our focus to another one temporarily. The same goes for our services. Because of the great deal of expertise we have in-house, we have never had any problems with working in a dynamic market; actually, I would say the online industry is always under such a rapid change that if you cannot adapt to it you would not be able to survive no matter what the economical situation is.
During the last 12 months CPerspective Ltd has undergone several changes and modifications. We have added and removed services and partners to our portfolio, changed our in-house routines and also our company profile to name a few. Our philosophy is, and has always been pretty simple; if we provide the clients with great solutions that help them grow their business, they will come back and keep making money from a partnership with us. This ideal has helped us to withstand even in economic hardship, because our clients know that their budgets are safe with us. It might sound big headed or boastful, but I would be lying if I said anything else.
Sure, the last few months we have seen that some client’s have been a bit more reluctant to spend as much as they did before on the same services. This has however been because other companies have lowered their prices, probably as a last desperate measure before collapsing. I would say most our client’s are pretty solid, and they know we are too. This has made our business go on pretty much as usual.
It’s nothing strange that most companies see a larger value in each dollar now, we do too. It’s better to be a bit cautious than to overspend and burn out the budget on bad and risky moves. For example a couple of measures we have taken in CPerspective are to not subscribe to any new services with monthly fees attached, to keep down spend on company electronics such as laptops, phones etc. and also skip a couple of conferences that we could live without attending this year. We have also looked over our invoicing routines and decided to adjust them as well to put us as a company a bit more on the safe side.
Our measures have not been very extreme our unusual and our work goes on as it always has done (and I hope it will continue to do so). I am sure that most companies in our field will survive as long as they have a long term plan to start with, healthy company values and a dynamic team.
Soheil Amorpour, CEO @ CPerspective Online Marketing Agency
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