The outbreak of Novel
Coronavirus COVID-19 had an immense impact on countries, business worldwide.
During this time we all need to stay home and stay safe to explore all options
for your business. In the next few months, COVID-19 will impact the global community,
both professionally and personally, so it is essential to look at both
spectrums to make the best decisions regarding marketing investments.
How COVID-19 Impacts consumers?
Half of the world's
consumers say they will not return to shops for ‘some time’ or ‘a long time’
after lockdowns ease. There are few shoppers, on average, expect that they will
return to stores ‘immediately’ once they are allowed to. There is yet more
reluctance towards public venues, such as festivals, consumers anticipating that
they will wait for ‘some time’ or ‘a long time’ before attending events there.
Communicating
effectively and efficiently is going to be key to maintaining your customer
relationships. In this case, you should look to build trust with current and
potential customers through proactive communication methods. “In cases where
events or store locations need to postpone operations, businesses should
consider their long-term relationship with customers and know that a refund or
reschedule could be a relief point for those who may experience stress during
these times.”
Change your Strategy
As people are being
encouraged to wash their hands to prevent the coronavirus. The work culture
will be temporarily changed as companies start to deploy mandatory work from
home policies. Travel and tourism will be affected as our government
temporarily banned travel to certain places where cases of the virus are high.
These changes can be stressful, but the best thing that we can do as marketers
is to look forward and to calm the nerves of consumers as best we can by having
clear, concise, and accurate messaging.
Companies that market
efficiently, effectively and strategically during this period will be the big
winners when this nightmare is over. This takes a strong stomach and a solid
backbone, but staying in touch is a true sign of a great friend and treating
your customers as friends is a great marketing strategy in any marketing
environment and even greater now.
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