The marketing plan you developed in January is now toast. That’s because your marketplace is thinking differently today, than it did just a few weeks ago.
Very, very differently. And this will continue, until the pandemic has passed and the economy eventually returns to normal.
From a marketing perspective, this means the way you have traditionally sold your services or products needs to change. It needs to change, because the way your marketplace makes purchasing decisions has radically changed. Here is just one example, which is already having a massive impact on almost every industry.
- In a typical economy, people don’t have to think too hard about making a purchase. As such, even poorly marketed businesses are able to generate a level of sales; just by ‘being there’ or contacting prospects at the right time.
- When economies are plunged into crisis, people think far harder before they buy anything. Your prospective clients are anxious. They’re making fear-based decisions. As such, pre pandemic marketing and ‘being there’ just won’t cut it. Literally every marketing or business development decision you make, needs to take this into account.
Adjust and get the wind in your sails
The way we set our sail, determines whether we get the wind behind us and excel or end up on the rocks. We set our sail commercially, with the decisions we take (and the decisions we avoid).
A few areas to consider.
- Reduce the risk attached to hiring you or buying from you.
- Adapt your business, so that it’s more relevant to the current needs of your marketplace.
- Increase the value of your services or products.
- Introduce flexible payment options.
- Grow bigger ears. (This one is really important).
Faced with what now seems to be a long-term challenge, it’s essential to adapt as early as possible. It’s what your agile competitors are already doing. And it’s what your marketplace demands.