Why Businesses Turn To Digital Marketing To Survive COVID-19?
https://www.imustread.com/2020/08/why-businesses-turn-to-digital-marketing-to-survive-covid.html?m=0
Out of the many things that coronavirus changed for the world, it also changed the whole idea of the internet for almost everyone around the globe. In this era of the 21st century that we are, even before corona the internet had taken the place of many businesses. Big businesses and entrepreneurs around the globe have over the years shifted to the internet.
The year 2020 the year no one expected, indeed in the challenging times that coronavirus brought, the economies all around the world were affected creating a wreak havoc. With almost every business being shut down people had to resort to online buying and selling. With the bleak unpredictable future, no vaccine being developed yet, and with the constant fear of resurgence of coronavirus the online market has gained a whole lot of importance for the customers and the brands themselves. Businesses were left with no other choice than to make such digital strategies which could help them survive the difficult times and to come out stronger after the pandemic or as many experts call it endemic, in that case the companies who worked best on their digital strategies would be able to survive later too even if the virus stays.
The year 2020 the year no one expected, indeed in the challenging times that coronavirus brought, the economies all around the world were affected creating a wreak havoc. With almost every business being shut down people had to resort to online buying and selling. With the bleak unpredictable future, no vaccine being developed yet, and with the constant fear of resurgence of coronavirus the online market has gained a whole lot of importance for the customers and the brands themselves. Businesses were left with no other choice than to make such digital strategies which could help them survive the difficult times and to come out stronger after the pandemic or as many experts call it endemic, in that case the companies who worked best on their digital strategies would be able to survive later too even if the virus stays.
But there are many companies’ small businesses which could not go so big in the digital market and have faced a lot of trouble. The lack of customer relations online has made it difficult to sustain their hard earned repute which developed over years through the word of mouth. Hence facing more damage than the larger companies who have rebuilt their structures to survive the new normal even after potentially losing millions which were pre invested in future activities and events.
But the noted key factor among the businesses that have survived until now is resilience. Adapting to the global change with grace. With already advanced world of technology, it is clear enough that the future is digital. And this might be the time of opportunity for people to adjust with the more technical and digital world.
Experts suggest this pandemic might not go anywhere might become the actual normal, and might be called endemic. The world might learn to either live with it or in a rather miraculous episode, the vaccine to corona virus would be developed. In either of these situations the importance that digital market gained might stay and be adapted as a rather preferable platform in this changing world.
Many brands have been relying solely on the digital market to sustain. In the wake of these circumstances it is believed that the behaviors adapted during coronavirus times might become the new normal. With reduced and somehow limited demand of products. Sustaining on minimal wages and buying only essential items people have learnt to live without their emotional expensive desires. Buying something just for the sake of owning something before others to stand out. All these common traits and habits people had took a turn seemingly not to return back anytime soon.
The Digital Market might not be too different for the consumers but it sure is a whole lot different for the brands and workers with all its pros and cons. The pros include,
More Potential with Limited Budget
For small scale business digital market is a rather better option, although there was less exposure previously the current times demand social media and internet exposure to survive or rather grow. Some platforms can even be operated for free you just need the energy time and ideas to be implemented and executed properly. Even if one is paying to some professionals for the digital work, the costs can be up to half the normal budget of businesses with same or even greater potential outcomes.
Access to a Rather Massive Audience
Compared to the traditional market the digital market widens the chance of exposure of a business and become available to a larger mass of audience throughout the world with the help of the incredible social media. Catering to multiple demographics at a time , different age groups, genders and classes.
The Ultra-Fast Market
This quick and readily accessible market where one well written strategic post on a social media platform can bring you a huge amount of attention. It is just the matter of choosing the right digital strategy for your product.
Looking at all these cons and very less and avoidable cons, Digital Market is no doubt the answer for this changing uncertain world!
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