Yesterday was April 15: tax day! On any normal year, there
would be a lot of hoopla around this day. April 15 typically gives us two
things that cause people to be in the mood to spend money: spring weather and
tax refunds! Normally there would be all kinds of marketing happening right
now, trying to entice people to spend their refund check on something new.
However, this is not a normal middle of April.
I have not heard many people talk about filing taxes this
year. Neither did I hear them talk about St. Patrick’s Day, the first day of
spring, or many other events that normally happen this time of year that put
them in the mood to purchase something new. Unless you are talking about toilet
paper, Lysol and facemasks, the rest of our goods and services are being
ignored right now. What should you do if you are in charge of marketing for
your company and you are seeing the normal cycles of commerce shuttered? Let’s
be smart and recognize it is time for a new marketing plan. Whatever you had
planned needs to be revised. We encourage our customers to take a look at their
marketing plan at least quarterly to measure your success or failures and then
make adjustments.
But how do you make adjustments when you have no idea when
the world will go back to work? Although it is hard to predict when everyone
will go back to their jobs, I would encourage you to look at your marketing in
three phases. First, what needs to change right now about what you are saying
about your company and your brand? Unless you have the vaccine for COVID-19 or
are heavily involved in promoting critical supply products, now is not the time
for a hard sell. It is the time to send a supportive message to the people who
are on the front line of a crisis. That may be extremely difficult as many
businesses have cut back on their staffing and cash flow is slowing. However,
if you are in charge of marketing, you have a duty to put your brand in the
best light possible. Timing is so key in marketing. Measure the mood of your
customers. The right message at the wrong time will damage your brand’s image.
Second, plan for when the shelter-in-place rules come to an
end. There will be a time when the doors of commerce will open once again. Will
the economy come roaring back? Many people say it will. Others are more
skeptical. They believe all the stay-at-home orders are going to make people
hesitant about being in public places, which is key to large ticket sales,
which will, in turn, stall the economy. What should you do? Plan for both
outcomes. What should you do if all this pent up energy makes people want to
get out of the house and do something? Make marketing plans to get them in a
place where you can market to them. On the other hand, if people are reluctant
to gather together, figure out how you are going to market to them from a
distance. How do you market your products and services electronically in such a
way that it causes people to want to order them? Here’s a clue: the key to online
sales is the speed and ease of delivery. In either case, be prepared to make a
move once there is a determination in the direction the mood of the herd leads.
You should see that shortly after the stay-at-home orders are lifted.
One last item you should take a look at is what is going to
happen six to nine months from now. From October through January, what do you
need to be doing to meet your marketing goals? Certain go-to events in the fall
have already canceled for the year. You have to adjust your marketing to come
up with something new – and that is not a bad thing in marketing. New sells
well if you promote it correctly. If you were planning to do a trade show in
the fall, what will replace it? If your customers won’t come to a convention,
could you take your show on the road and go to them? At some point the don’t
gather mentality will fade away. What will you do to touch your customers this
fall?
We are living in an odd time in the middle of April. How
will you use this time to revamp your marketing plans?