How Corporations Should Adapt to COVID-19

At the moment, the world is struggling to contain the spread of COVID-19. However, even if somehow, the deadliest virus outbreak in modern times comes under control, then large corporations fear that their operations will be affected for three to six months, at the least.

How Corporations Should Adapt to COVID-19

Travel and hospitality sectors have borne the brunt of the ongoing pandemic as circumstances, such as travel restrictions and cancellations, bar and restaurant closures, and event delays, inflict heavy damage and deplete the cash reserves of these businesses. Construction and manufacturing industry is trying their level best to avoid layoffs, but the loss of consumer demand is likely to hit these sectors with a serious setback as time goes by.

Let’s see how large corporations are adapting to COVID-19.

Think Like a Customer

It is not only your business that is going through a change during these testing times. Based on your industry, your target audience is also struggling. Relate to them and identify what pain points have emerged amidst the pandemic. Next, you can modify your sales campaigns and weave your marketing campaign tactically to resolve these newly-formed worries. For instance, are your customers…

  • Stressed out due to travel restrictions?
  • Concerned on how to allocate their cash flows?
  • Dealing with a shortage of important supplies or inventory, triggered by the panic-buying habits of the general public?

As a business owner, it is imperative that you re-adjust your product and services and offer assistance to your customers. For instance, if you provide a video-conferencing product, then there was never a better time to ramp your customer service game and facilitate your customers, such that their remote workflows become more efficient than ever. Similarly, if you belong to the logistics sector, it is an ideal time for contacting your clients with productive and effective solutions to revive their local and global supply chain.

Work on Productive Virtual Meetings

If you were used to organizing off-site meetings for sharing findings and deciding the next strategy, then by now, you are most likely to repeat the same routine on Zoom. Don’t worry; all the big brands are making critical decisions on such software. But are real meetings and online meetings really the same? You need to follow these tips for the best output:

  • Divide the agenda into a list of fast-paced segments.
  • Use mechanisms, such as voting to attract more participation for ideas and comments via the “chatbox”.
  • Create long pauses so your workers can chime in.
  • Include a Q&A session after each segment.
  • To give a greater sense of accomplishment and co-creation, share a virtual whiteboard with your members.
  • Practice short-hand. Write quick notes so people can note the key points.

Switch Sales Channels

Once the lockdowns are finally lifted, the world is not going to be the same, at least for some time. Lockdown or no lockdown, one thing that a remains constant is the customer’s impulse to buy stuff, which in turn results in an influx of newer opportunities for you.

You can serve your demographics by dedicating your efforts with alternative sales channels, particularly if you operated as a brick-and-mortar business in the pre-coronavirus days.

For instance, if the current pandemic is discouraging your customers from coming out and visit your retail business, then brainstorm on how to widen your e-commerce offerings.

Engage your potential client-base on LinkedIn and other social media platforms and attempt to initiate a greater number of discussions in the digital space. This will require a more in-depth and comprehensive social media strategy that can employ the latest trends (e.g., live streams) to engage your leads.

Large companies that sell IT products and offer digital services are already well-positioned for this change, but non-tech businesses have to go through a massive digital transformation. If all of this feels Greek to you, then send us a message. We will ensure that you don’t fall behind your more tech-advanced competitors.

Provide Greater Flexibility to Employees

Prior to COVID-19, only 5% of Americans knew what it was like to work from home. Circumstances are not the same anymore—you cannot compare the traditional remote work with the pandemic-induced one. For instance, childcare and school closures have been a major change in these testing times as employees juggle between work-related tasks and personal responsibilities.

Large companies should enable their managers to strike open conversations with their teams on when and how work can be completed.

For workers who are working for the first time from their homes and live alone, there will be some negative emotions at play, particularly a depressing sense of social isolation. Daily chit-chats and conversations with colleagues are hard to replicate. Even those seemingly unimportant casual encounters during after-work drinks or by the water cooler will be missed badly. Research reveals supportive, reciprocal interactions with team members have a positive influence on the well being of your employees.

You can encourage your employees to make time for virtual lunches and coffees. Managers could mark their birthdays and spread positivity by coordinating surprise birthday celebrations in online team meetings. Similarly, they can sponsor Wonder Polls, Water Cooler Trivia, Quiz Breaker, and other group games so employees can have a fun time.

Recognize Your Best Ally in Crisis: SEO

It goes without saying that large corporations must search for a route to survive the COVID-19 storm. It is necessary to stay visible and relevant more than ever. With your entire workforce caged, how can you approach this once-in-lifetime predicament?

Luckily, there is no need to find a new solution—the answer has been right in front of you: SEO. Allocate more resources and budget to your SEO campaigns and ensure that your brand can be easily seen by the existing and new customers. As online traffic increase at a dramatic rate, this is an ideal time to optimize your blog posts, web pages, emails, social media posts, and paid ads.

Get in touch with us to attract more traffic and implement the best SEO practices during coronavirus.

 

7 Survival Tips for Small Businesses During the COVID-19 Crisis

The recession in 2008 led to the dismissal of millions of Americans who were employed by small businesses. Small businesses don’t have a lot of savings. According to a JP Morgan study, businesses with less than 500 employees have hardly one month of cash reserves.

As the COVID-19 threat moves into full swing, small businesses are more vulnerable than ever. A survey by the National Small Business Association noted that three out of four small-business owners are worried due to the potential economic damage caused by the coronavirus. They are already noting a significant reduction in customer demand. Almost 38% of them are uncertain if their business can survive the pandemic.

small business
Despite the ongoing economic slump, you can use a number of strategies to prevent losing your money and business during the coronavirus period:

Apply for Financing

To begin with, you have to take a number of proactive steps to sustain your business operations. This tip can prove highly useful for your business. You can contact SBA (Small Business Association) for low-interest loans. Whether your work on behalf of a larger corporation or take pride in independent contracting services, a SBA loan can ensure that you can obtain all the required resources to take care of your employees and customers amidst the COVID-19 spread. For more details, visit this link to more information about Disaster Loan Assistance from the SBA.

Similarly, Facebook has announced $100 million in ad credits and cash grants to over 30,000 small businesses in more than 30 countries. Just make sure that you can prove that you are eligible to receive these grants.

Incorporate Relevant Hashtags

The heightened use of social media offers you an excellent opportunity to maximize reach and use appropriate hashtags. Portray your brand in an authentic light, especially when many brands attempt to exploit their customer with dishonest marketing.

You can keep your customers up to date with hashtags. Some of the most popular hashtags are #JOMO (the joy of missing out) and #StopTheSpread—referring to controlling the COVID-19 spread. #JOMO is a play on the popular financial term “FOMO” (fear of missing out). With #JOMO, people are terminating plans and staying indoors in the current situation.

Moreover, you can also use #SocialDistancing to encourage your customers from taking a break from in-person socializing activities in a bid to reduce the proliferation of COVID-19.

These hashtags can build a powerful brand image, which can have an indirect impact on your sales.

Move to PPC Ads

With more users glued to their phones and PCs, it is a wise strategy to run a PPC ad campaign to build meaningful connections with your users and outpace your competitors. What’s more tempting is that you can also save money if you invest in PPC ads right now. This is because CPC (cost-per-clicks) charges have gone down for all verticals. Therefore, as an advertiser, you can pay less to the publishers for ad clicks.

Industry analysts explain that many businesses might press the panic button and go offline during the pandemic period. Hence, if you can continue with your digital marketing campaigns, such as PPC ads, it can help you in capturing traffic and earn conversions that were not possible before.

Use Local SEO

Local SEO is gaining steam. As social distancing exiles people to their homes; they are constantly looking for nearby services and supplies on the Web. Hence, it is absolutely essential to implement local SEO at this stage.

Optimize your web pages, so users can find you while entering “near me” queries on the search engines. As the cloud of uncertainty overtakes the country, all people want at the moment is convenience. Local SEO can do wonders for your brand reputation as your business becomes recognizable for lending assistance during a critical time.

Install Modern Analytics Options

The Facebook pixel is an analytics tool that facilitates brands to assess the success of their advertising by tracking user actions. Install a Facebook tracking pixel for your web page to transform a small audience to a larger client base. All you need to do is to install some code on your website. Expect your reach to multiply by around 5-6 times with this correct implementation of this step.

Live Streaming Via YouTube

Video marketing is a fantastic method to grab the attention of at-home workers. Small businesses are yet to take full advantage of YouTube as a marketing channel. A strategic and well-executed video can pay dividends. Additionally, re-upload the video on your social media pages, such as on Facebook and Instagram pages for broader access to your target audiences.

Enforce Work from Home

If your business did not allow employees to work remotely, now is the right time to enforce a work from home policy. Due to lockdowns, small businesses are coming to terms with alternative work arrangements to sustain their business operations.

Make sure to include remote procedures and guidelines in the policy for each department and their job roles.

Final Thoughts

2020 has just started and it seems like the worst year for several people around the globe. From looking for ways to earn greater profits, it has now become a survival game for small businesses. As small businesses struggle in the COVID-19 frenzy, digital marketing holds the key to prevent your business from going broke. If you want to keep your business afloat, then employ every tool at your disposal.

If you own a small business and your business is feeling the brunt of coronavirus, then get in touch with us. We cannot only ensure that your financial performance is revived, but we will also enable you to beat your competitors.

Here Is How COVID-19 Is Affecting Marketers

COVID-19 has brought operations in many industries to a standstill as various countries continue to ban non-essential businesses from operating during this pandemic.

A large number of industries have witnessed the demand for their goods and services plummet as we head towards a global recession. Several manufacturing industries are suffering, and border closures in many countries have led to the largest drop in tourism ever witnessed in the modern era.

How COVID-19 Is Affecting Marketers
One industry that hasn’t been hit as badly by the COVID-19 pandemic is marketing. It’s true that the lower demand for goods and services could force some companies to reduce their marketing budgets. However, other companies could be utilizing this pandemic to market their products in a different way.

COVID-19’s impact on marketing

It is believed that COVID-19 could cost the global economy $2.7 trillion. The drop in retail sales and increase in unemployment will likely lead to the marketing industry being impacted too.

Marketers need to focus on businesses in industries that are seeing upticks in demand during this period, and tone down their marketing activities for businesses in industries that are suffering.

Marketing for businesses that are booming

Some industries have seen an uptick in demand following the onset of the pandemic. Web searches for “non-perishable food” have skyrocketed over the past few weeks, and e-commerce sites that sell essential goods are surging in sales.

Manufacturers of exercise equipment are also seeing a rise in sales as people spend more time exercising at home during the pandemic. Marketers should focus on effective marketing tactics for businesses in these surging industries.

Paid ads have become more affordable since the onset of coronavirus. This fall in price is due to the lack of ad demand from small businesses who have scaled back on their marketing activities.

It’s been found that the return on investment (ROI) for paid ads has jumped significantly since COVID-19 became a pandemic, so marketers should seize this opportunity and focus their efforts on paid marketing.

Marketing for businesses with lower demand

Buyers have less income to spend during this time due to pay-cuts and layoffs, so B2B services that sell primarily non-essential goods are likely to suffer as consumers shift their lower-income spending habits towards essential goods.

It may be tempting for these companies to continue advertising and marketing their non-essential products in an attempt to woo consumers back into purchasing them. However, a more sound strategy for these B2B sellers would be to cut back on marketing temporarily and divert their resources towards keeping their businesses afloat during this troubling time.

Changes in marketing strategies

It could also be beneficial for marketers to utilize different marketing methods during this time to better target consumers. Consumers are spending more time browsing the web and using streaming services than ever before, so marketers should focus on marketing through these mediums, given their recent rise in popularity.

Remote working softwares have also seen a sharp rise in popularity as employees are increasingly asked to work from home. Marketers who promote these softwares could also promote other softwares that could be of use to people working from home.

Many B2B sectors have seen a decline in B2B keyword searches over the past month, so marketers may have to scale back on promotional ads, and instead focus on publishing educational content such as guides and webinars.

This could also serve as an opportunity for marketers to revise their current marketing plans.

Marketing strategies for the Coronavirus era.

Many marketing plans that were created during the early onset of COVID-19 used language that treated the pandemic as a short term inconvenience that would blow over in a few weeks. Many of these companies have since revised their messages and are being more cautious with their statements.

New marketing plans should be adapted to the current situation and provide customers with the answers they are seeking. Many customers are unaware of which online businesses are still selling goods during this time, so it may be helpful for businesses to clearly state if they are still operating.

Consumers may also be hesitant to order products without knowing when they’ll be delivered. So businesses should also communicate any changes in their delivery times or schedules. Businesses that used to offer same day delivery may have to inform customers of their slower delivery times.

Consumers are more likely to understand and be more forgiving towards these changes given the extreme circumstances surrounding COVID-19.

E-commerce sites should make sure these changes are easy to see and read for site visitors. A vague delivery schedule is likely to turn off customers and cause them to shop elsewhere.

Marketers should also make sure to adopt a tone that fits with the rest of the brand when addressing COVID-19 in front of customers. Their message should focus on the consumer and their well-being during this troubling time.

The future of marketing

Nobody knows when this COVID-19 pandemic will be resolved, however, marketers should be prepared to deal with a future where e-commerce retail giants enjoy even greater market dominance than before.

These marketers should focus on competing using better quality content that features SEO optimized titles and informative bullet points.

As industry trends continue to shift, marketers need to keep an eye out for businesses that are seeing unexpected booms. They should also observe changes in consumer behavior so they can better predict which industries are likely to surge next.

It’s always difficult to assess a situation while it is still on-going, but we should have a better understanding of the pandemic the longer it persists. Marketers will eventually adapt and be able to target consumers better under these new conditions.

It’s evident that businesses are going to continue to struggle for a while. These businesses will likely have to spend time recouping their losses after COVID-19 passes, especially if they’re providing their employees with paid leave during this time.

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