Do you need search marketing in a recession?

Bankrate is a great illustration of the good that can come of maintaining budgets for organic and paid search marketing — even in a recession.

As the subprime crisis hit in the third quarter of 2007, Bankrate’s advertisers faced hard times.

Even during that difficult quarter, organic traffic accounted for 75% of Bankrate’s traffic. Meanwhile, paid search brought in 14% of traffic, and partner traffic brought in the remaining 11%.

In the face of the recession, Tom Evans, Bankrate’s CEO, didn’t just maintain his company’s search engine budget — he increased it. And he’s laughing all the way to the bank.

“We believe that organic traffic is less susceptible to competitive market dynamics, and is reflected in driving higher margins to our bottom line,” Evans explained. “Organic traffic continues to grow at double digits …[unique visits] for every single month this year have been higher than the same month last year.”

Furthermore, Evans remarked, “I think the reason we do so well in SEO is we have an enormous amount of content. We have an enormous amount of tools and calculators, and I think we have done a good job from SEO with, we have got literally millions of links into the site and out of the site, and I think that it really helps.”

In other words, rather than gaming the system, Evans recognizes the value of giving searchers — and search engines — lots of great content that naturally attracts incoming links. With its wealth of interactive content, Bankrate is in a great position to continue capturing a superior share of search traffic and qualified leads.

Even in a recession, sites like Bankrate can capture search engine marketing leads at a relatively low cost per acquisition. Realizing this fact is helping Bankrate survive and even thrive during the subprime crisis.

For more about Tom Evans’ take on the value of search engine marketing, visit SearchEngineWatch.