“We are all in this together” is fast becoming the catchphrase of 2020. Whoever thought we would have a pandemic of this magnitude that is slowing bringing the world to its knees. While this coronavirus is clearly a health crisis, it is also a wake up call, in particular, to small business owners. Times may have been tough before, but nothing like this. That said, if you love what you do, it is not the time to throw in the towel.
As a marketing consultant, the number 1 question I am being asked these days is “How can I make money during the pandemic?” The answer isn’t easy, nor appropriate for all situations. Oh, that I wish it were. But for those who have inventory to sell, or a service that can be provided online, there is hope. Here’s some tips to help your business survive the coronavirus attack.
Step 1: Use Social Media. If you already have accounts, make sure you are posting content at least once a day. If you do not have an account, start with one platform based on your customer demographics. If you don’t know who you customers are, take the time now to figure it out.
Step 2: Update Your Website. Make sure your website content is up-to-date. Delete any old information or products that you no longer carry. Add incentives for people to buy from you, either now or down the road. For example: Save 30% when you buy before April 15 or get a $100 gift certificate for just $85 with no expiration date. The key is to get cash as quickly as possible.
Step 3: Be Proactive. Think about ways you can save money. Yes, that may mean letting employees go. But before you start handing out pink slips to well-trained and loyal employees, consider reducing their hours or pay. Remember, the situation is temporary. Hiring new employees is time consuming and can be costly.
Note: Congress just approved $350 billion in emergency loans for small businesses — and borrowers who maintain or restore their payrolls won’t have to pay back the loans. Click the link below for an easy, step-by-step Small Business Coronavirus Emergency Loan Guide here:
Step 4: Create Content. Writing a blog not only helps create loyal consumers, it also gives them a reason to come back to your website. Furthermore, blogging improves your website search engine ranking. If you are not adept at writing, there are countless ghost bloggers who may be out of work and would love to work with you.
Step 5: Be Intentional. Now is the time to really think about what it is you have to offer consumers. Make sure all your content reflects your company brand and benefits. If you are using social media, don’t just focus on selling. By the mere name of it, social media is intended to create relationships. Think of what personal information you are willing to share so that your audience can better connect with you.
Finally, while you may be frustrated and have every right to be, I encourage you to try to focus on the light at the end of the tunnel. I’m pretty confident there is one. So why not use this time as an opportunity to tackle some overdo projects. I personally have spent several hours reorganizing my files. It felt good.
Hang in there. Stay healthy and contact me if I can help you.