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MARKETING CHALENGES DURING THE CORONAVIRUS

The cruel truth is that every business owner is facing marketing challenges during the coronavirus.

The fundamental purpose of marketing is to identify, anticipate and satisfy a customer’s needs and wants and includes advertising, selling and delivering products to consumers. Since the onset of the pandemic, the functioning of the whole world has been impacted.

Like any other industry, marketers also find themselves in poorly chartered waters and in between constant predicaments due to the problems that are being created as a consequence of the critical circumstances the world is in.

STRICTER PRIORITIES

Online and Offline Marketing both have taken a hit due to the outbreak. One of the major challenges being faced by marketing industries is consumers have set stricter priorities and have reduced spending. Complete lockdowns are being implemented and millions of people are out of a job, hence the only priority for the masses are basic amenities. As sales have started to drop, businesses have started to cut costs, reduce prices and postpone new investments along with which marketing expenditures are also being slashed which are making the marketing industry suffer immensely.

LOW TRAFFIC

Another major marketing challenge being faces in the midst of a pandemic is generating enough traffics and leads. The whole world is currently revolving around the Coronavirus and anything that isn’t directly related to it is the least of anybody’s concerns. This has made It extremely problematic for marketers to produce enough demand for their product.

RETAIL STORES CLOSED

Since governments in many different countries have started to impose lockdown, retail stores have been required to temporarily close their doors and as an impact of which the marketing industry is also facing a high level of distress.

TECH INDUSTRY’S SUPPLY SUFFERS

The tech industry has also been impacted due to the Coronavirus. Sales are reducing, conferences are being canceled and workers are being asked not to travel. Supplies are also being affected because of geographical barriers and lockdowns. Since the sales are down and companies have clearly states that there may be disruptions in supplies as a result the marketing industry has also been distressed by it.

PUBLIC GATHERING CANCELLED

Since public gatherings need to be avoided at all costs, from the world’s premier basketball league to international concerts, dozens of events have been delayed or canceled in order to control the pandemic.  The Tokyo Olympics, The Met Gala, The Cannes Film Festival and many other major events have all been delayed. These delays and cancellations have taken a hard hit on the Marketing industry as a lot of the revenue generated by the marketing industries were through events.

STEPS TO ASSIS

While it’s been established that like any other industry, marketing has become more difficult now but at the same time, it is important for business owners to understand that during this time instead of putting a halt to marketing their brand they should adjust strategies, tactics and product offering in accordance to the situation at hand as a result of which they will flourish more in comparison to their competitors.

There are some steps you can take in order to effectively market your brand during the outbreak some of which include being flexible, tailoring your tactics, empathizing with your clients and giving them reassurance.

HOW SMAI DIGITAL CAN HELP YOUR MARKETING CHALLENGES DURING THE CORONAVIRUS

At Smai Digital with our excellent marketing skills, complex schemes and an array of experience in different industrial sectors will help you come up with the tactics necessary to help your business to not only cope but flourish in the prevailing problem that the whole world is suffering from. Smai will elevate your digital marketing with guaranteed successful results and growth for your business. Their search engine optimization services allow companies to get prominence online, gain organic results and lasting online success.

 

 

 

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