How to recession-proof your marketing with Sam Mallikarjunan of OneScreen.ai
In this episode of Recession-Proof, Alex Song is joined by Sam Mallikarjunan, Co-Founder and Chief Executive Officer of OneScreen.ai. They discuss the power of out-of-home advertising, what you should do with your marketing budget as interest rates rise, and why every business should develop cross-functional alignment between finance, marketing, sales, and operations.
Sam Mallikarjunan, Co-founder and Chief Executive Officer of OneScreen.ai, believes that in 2022, it is more important than ever for startups to be prudent about their marketing spend if they want to grow over the long term.
In this episode of Recession-Proof, Sam shares the power of out-of-home advertising, what you should do with your marketing budget as interest rates rise, and why every business should develop cross-functional alignment between finance, marketing, sales, and operations.
In this episode, Sam and Alex discuss:
- The surprising cost efficiency of OOH
- Marketing with higher interest rates and CAC
- How the current fundraising environment should impact your marketing budget
Out-of-home advertising opportunities
OneScreen.ai focuses on out-of-home advertising, a type of advertising that focuses on visual advertising seen outside of the home, such as on billboards, benches, bus shelters, etc. Though it's more complex than digital marketing, Sam notes that out-of-home has enormous potential and is extremely popular among new crypto, FinTech, and direct-to-consumer companies.
“There's this assumption that anything that's not internet-based eventually is going to die or it's not worth spending time on. In reality, the real world is significantly more complicated”.
Adapting your marketing budget
Market dynamics are changing, inflation has resulted in soaring costs, and many companies are struggling. To tackle the challenge of operating in uncertain market conditions, it’s necessary to adapt to a new normal.
“The best weather to fight in is terrible weather”.
Adapting to higher interest rates
The pandemic resulted in many companies recalibrating their finances, through measures such as cost-cutting and reforecasting. But Sam believes many of these changes could have been prevented.
“Many people used 2020 as an excuse to forget that we are professionals and have financial operational discipline, and should know what we're doing”.
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