But what to expect from buyers during the quarantine period? Is it possible to get profit reached up to 20 times even in times of crisis?
We will tell you how to build a marketing strategy and increase sales despite the COVID-19.
Any advertising or promotion depends on the type of business model.
Let's look at the consumer models of a particular business.
Firstly, you should determine the strategy of your promotion. The way of your realization depends on your strategy and the ending purpose.
The objectives of a B2C promotion can be as follows:
In the B2B model goals can also vary:
When you have completely decided on the goals, it's time to move on to the formation of the proposal.
First, it is worth soberly assessing all the strengths and capabilities of your business. SWOT analysis, including all strengths, weaknesses, opportunities, and threats.
You need to calculate the marginality of the product, analyze which products are useful and what, in addition to discounts, can be offered.
For example, you must estimate the price of your goods and promotional consumption, it must not be higher than the original cost of goods. Also, you should estimate the size of the market. The B2C model is characterized by large market size and many customers. Products and services are in great demand here.
Unlike the B2C model, B2B solves specific, individual business problems. The size and volume of the market determine the traffic that the site can receive in the future. If you sell clothes, the market size will be huge as it includes one and all. If your product is an online service for solving travel agency problems, the market size is much lower. Depending on the number of potential customers, traffic will also be subject to certain restrictions.
The degree of competition in the market is important. If the apparel market is large, the likelihood of competition in it is extremely high and this will affect the site traffic.
An end-consumer-oriented business often has a low average check. His client is one person and probably on a tight budget.
Prices in the B2B segment are much higher. Here the client is a different business with a higher income than an individual. But even here there are limitations ― not every company is ready to spend money on a source of indirect income. If you can comprehensively solve a specific business problem and bring profit to it, they will be ready to pay you money.
Including these characters, you can create the correct offer to thy consumer: some discounts or additional goods or services.
Choosing the right promotion method saves time and determines the outcome of an advertising campaign.
In an age where 81 percent of American people own smartphones, using SMS to drive sales is a no-brainer.
Consumers spend more than five hours a day on their smartphones and you should use this possibility to notify them.
When used correctly, SMS is an invaluable tool for increasing sales and nurturing clients' relationships. Conversion from mobile messages reaches a 45% rate. This is a record high result. Especially comparing it to the other marketing channels.
If you have an online business then your income of clients comes from the site, then you should choose email marketing.
Pros of email marketing:
Let's see how different companies and brands promote their goods on Black Friday.
Sending connected emails increases customer returns:
Design studio “Designmodo” made a promotion campaign for Black Friday with two steps:
The first email was sent at the beginning of the sale, so customers could start shopping right away.
The company proposes 60% OFF on any Apps.
The second email was sent on the last day of sale, to motivate those who have not yet made purchases to buy, and to sell off the rest of the goods.
This email notifies clients about ending the sale and give the last chance to economize.
The online shop has placed a pop-up on the site in order to gain a sufficient number of new subscribers for further mailing. The pop-up helped collect email addresses and phone numbers for future mailings.
Pop-ups help to get contact information from the user, thus replenishing the contact base.
In another turn, the user gets a good deal in the form of a half-price discount. The email addresses, you received from the pop-up, can be used for further promotion and keeping in touch with thy customer.
Online stores combine pop-up, email, and bulk SMS in one campaign. Pop-up and email bring a good result, but to further improve it, it is possible to support the action with SMS mailing.
Connecting all channels competently and choosing the right time to send them gives an impressive effect.
The clothing shop posted a pop-up on its own site before the Sale to intrigue the public. And it played! Users were giving their contacts ― not only name and email but even the phone number, it had an impact later on the possibility of a full advertising campaign.
The second step was sending emails to users who left their emails to try their chance to win a discount. It meant the start of the sale.
We all are trying the best to get on top of our dedicated industry. For reaching more we have to understand the time is limited but you can get more by investing in your own brand.
There are steps:
You can choose your own way of branding to Black Friday with AtomPark!
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