Ending Soon! Save 33% on All Access

Even Upscale Ads Tone it Down

By Dennis Romero

Opinions expressed by Entrepreneur contributors are their own.

upscale-ads.jpgMany advertisers are changing their tunes to accompany the trying economic times. Where aiming at "aspirational" customers with visions of luxury was once the norm, marketing campaigns are toning things down and emphasizing value.

The New York Times today notes that advertisements that once used mansions as backgrounds are now going downscale with more frugal settings. Coupons are being featured in display ads that once emphasized exclusivity. And even high-end items such as furs have been seen listed at 50 percent off.

"As the economy rapidly deteriorates from flourishing to floundering," the Times reports, "marketers are scrambling to remake their advertising so products seem affordable and sensible rather than indulgent and fabulous."

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business News

TikTok Reportedly Laid Off a 'Large Percentage' of Employees as the App's Fate in the U.S. Remains Unclear

Laid-off TikTok employees were notified Wednesday night through Thursday morning.

Business News

Four Seasons Orlando Responds to Viral TikTok: 'There's Something Here For All Ages'

The video has amassed over 45.4 million views on TikTok.

Business News

More People Are Exploring Entrepreneurship Because of This Unexpected Reason

More new business applications were filed in 2023 than in any other year so far.

Personal Finance

This Investment Bundle Includes a Trading Course and Stock Screener Tool for $150

Approach the stock market with an increased understanding.

Growing a Business

5 Strategies to Know As You Scale Your Business

Scaling a service-based company requires a comprehensive approach that goes beyond simply increasing revenue. It requires careful planning, strategic decision-making and a deep understanding of market dynamics.