As both a consumer and a strategist for a leading digital marketing agency, I have been fortunate to look at this Covid-19 pandemic from two very different views.The world as we know it has changed and to say that everything will go back to the way it once was, is a fairy tale.
Consumer discretionary spending has either slowed down or for a lot of people, has come to a complete and abrupt halt, and as-a-result has caused a significant down-turn in the economy.Social distancing laws have meant that businesses have either shut down completely or have been forced to operate remotely and in doing so, has meant that most businesses have seen sharp declines in sales and business enquiries.
These swift reductions in sales and enquiries have seen businesses take drastic steps to save whatever little they have left to keep their businesses afloat.For most businesses, when panic sets in, it’s usually advertising and marketing budgets that are most likely to be impacted.
Businesses often think that by reducing or even cutting their advertising and marketing budgets, will save them money and help their businesses survive.
When a digital media agency is advised to pause all advertising and marketing, it stops a businesses’ ability to secure new sales enquiries, and you are potentially cutting off its pipeline of opportunity.
Our digital agency has identified that the consumer appetite for a variety of products and services, is still very much alive, but more importantly our digital advertising agency has seen our clients’ online sales increase by as much as 300% in this time.This type of online growth has seen many businesses change the way they do business.