How to evolve your business model as times change
Website design By BotEap.comAre you prepared to meet the needs of new customers?
Website design By BotEap.comWe’ve been navigating our way through uncertainty for a few months now, and I have to say: small business owners are resilient.
Website design By BotEap.comIn a time of stress and sadness, we pivot, we adapt, and I hope everyone, their families, and their small businesses are doing well.
Website design By BotEap.comI’ve written a lot about managing your small business during the pandemic, from “How to Boost Your Small Business Strategy During the COVID-19 Crisis” to “How to Create a Crisis Response Landing Page,” on our site. Web.
Website design By BotEap.comNow, we turn to the next step: emerging from the coronavirus pandemic not just in one piece, but as successful entrepreneurs who have learned some valuable lessons.
Website design By BotEap.comAs we move forward, it’s obvious that some things change forever. In a recent survey, 81% of Canadians agreed that the crisis will create a new normal and have a lasting impact on society.
Website design By BotEap.comSo as my province of BC, Canada begins to reopen for business, it’s time to take a look at your marketing and assess whether it still makes sense for your target audience.
Website design By BotEap.comHow to define the needs of your customers
Website design By BotEap.comLet’s go back… all the way back to 1943, when Abraham Maslow proposed his hierarchy of needs. According to his theory, people are motivated to meet basic requirements (food, shelter) before moving on to more advanced ones (intimate relationships, sense of accomplishment).
Website design By BotEap.comDuring the coronavirus crisis, people have become more focused on basic needs, like staying safe from COVID-19 and buying food. These different needs may also have led them to buy things they wouldn’t normally buy, like lots of hand sanitizer or take-out food several times a week.
Website design By BotEap.comSome of the customer behaviors we’ve seen during the pandemic may be here to stay, including:
- Continue to wear masks in crowded areas and wash hands more frequently
- Think more carefully before buying “wants”
- Work/study from home most of the time
- Choose brands that are the most empathetic and aware