Business & Marketing Strategies to Stay Afloat During COVID-19

<p><img class&equals;"aligncenter wp-image-13502 size-full" src&equals;"https&colon;&sol;&sol;www&period;collegecareerlife&period;net&sol;wp-content&sol;uploads&sol;2020&sol;03&sol;sorry-we-re-closed-but-still-awesome-tag-1101720&period;jpg" alt&equals;"" width&equals;"1000" height&equals;"666" &sol;><&sol;p>&NewLine;<p style&equals;"text-align&colon; center&semi;"><em>Photo by <a href&equals;"https&colon;&sol;&sol;www&period;pexels&period;com&sol;&commat;timmossholder">Tim Mossholder<&sol;a> from <a href&equals;"https&colon;&sol;&sol;www&period;pexels&period;com&sol;">Pexels<&sol;a><&sol;em><&sol;p>&NewLine;<p>The US has entered into lockdown mode as COVID-19 sweeps the nation&period; With restrictions on restaurants&comma; bars&comma; and other businesses&comma; millions of Americans are left quarantined and housebound&period;  Many companies have closed their doors to slow the spread&period; Business owners and entrepreneurs are understandably worried about losing customers&comma; having to layoff employees and possibly closing for good&period; According to marketing expert <a href&equals;"https&colon;&sol;&sol;farrowcommunications&period;com&sol;">Dave Farrow<&sol;a>&comma; having a business strategy in place is crucial to stay afloat&period; We interviewed Farrow to learn more about how small businesses and entrepreneurs can retain customers and make it through this crisis&period;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<h3><b>Many small businesses are closing to prevent the spread of COVID 19&period; What general advice can you offer small business owners on staying afloat during this crisis&quest;<&sol;b><&sol;h3>&NewLine;<p><i>I am suggesting a few things&period;<&sol;i><&sol;p>&NewLine;<p><i>Negotiate&colon;<&sol;i><i> look at every expense and negotiate with them for lower or skipped payments&period; Many states and provinces have given new rules around rent&period; Firstly they stopped all evictions but to compensate landlords they offer to only pay the interest on mortgages&period; But don’t stop there&period; Contact suppliers&comma; saas companies&comma; Contact your state and federal tax office&comma; all creditors and ask to speak to a manager multiple times if necessary to get some relief&period;<&sol;i><&sol;p>&NewLine;<p><i>This also helps people&&num;8217&semi;s moods&period; When they get a little break on a payment&comma; no matter how small&comma; it feels like you have control again&period; <&sol;i><&sol;p>&NewLine;<p><i>Financially plan&colon;  Apply for help&colon; The federal government is about to approve a trillion-dollar relief payment for people out of work from this crisis&period; Check your local area for details and apply as soon as possible to get first in line&period;<&sol;i><&sol;p>&NewLine;<p><i>Plan for the next stage&colon; I foresee three stages&period; The initial lockdown&comma; the new normal&comma; and the recovery&period;<&sol;i><&sol;p>&NewLine;<p><i>These stages will affect different businesses differently&period; In this initial lockdown&comma; it may make sense to shut down&period; Businesses like bars and health clubs need to shut down right away&comma; however many restaurants that have pivoted to food delivery are actually seeing a boost in sales from all the people staying at home these days&period;<&sol;i><&sol;p>&NewLine;<p><i>The new normal will be a period of time after the curve starts to flatten&period; This will happen hopefully within the next four to six weeks&period; At that time there will be talk about lifting restrictions but it’s unlikely they will be lifted that soon&period; However&comma; this change in the curve will bring back consumer confidence and buying habits will come back fast if a business can offer services remotely or in a way that conforms to social distancing&period;<&sol;i><&sol;p>&NewLine;<p><i>Also&comma; plan for the recovery&period; Maybe you can gain ground fast by having a good plan to come back&period;<&sol;i><&sol;p>&NewLine;<p><i>Go Online&colon; No matter what you do go onto social media and start communicating&period; Ideally have a plan for this&period;<&sol;i><&sol;p>&NewLine;<p><i>Show examples of you and your team spraying and cleaning things&period; Post about washing your hands for example&period; Even if its well before you are thinking of opening again this will bring confidence to your customers that you get it&period;<&sol;i><&sol;p>&NewLine;<p><i>For a different type of business&colon; Consider that this time may be a good time for you to expand&period; Right now social and traditional media ratings are at an all-time high&period; On average people are at least twice as active online and watching twice as much media right now&period; They are looking for COVID-19 related news but also things to distract them from the stress of the moment&period; So if your business wants exposure now may be the best time to do a PR campaign or online marketing ad&period;<&sol;i><&sol;p>&NewLine;<h3><b>What are some tips for transitioning to working remotely for businesses that can do so&quest;<&sol;b><&sol;h3>&NewLine;<p><i>The most important thing I want to get across to people working remotely is to get into a routine&period; Wake up at the same time and go to work in your home&period; Have a special place in your home to do your work&period; You can still socialize but don’t try to handle this crisis from the same kitchen table your child eats cereal <&sol;i><&sol;p>&NewLine;<p><i>Check-in with your staff&period; A group text works well for my team but as this lasts longer I suggest having meetings on video conferencing with other team members just to check in and see if everyone is ok&period; You need to fight the isolation and keep a sense of normalcy&period;<&sol;i><&sol;p>&NewLine;<h3><b>Can you offer some online marketing and social media tips to retain and connect with customers&quest;<&sol;b><&sol;h3>&NewLine;<p><i>Right now online shopping is bigger than before the crisis&period; People are still buying and they are a captive audience right now&period; As far as we can tell every product is doing better but health products and things to fight the boredom are doing even better&period;<&sol;i><&sol;p>&NewLine;<p><i>I strongly suggest people look into a lead generation via direct social media messaging services&period; We have been using this in our company for our clients and find that right now is a great time to get a hold of decision-makers&period; If you have a product that is sold B2B then direct Lead Generation is the right move right now&period;<&sol;i><&sol;p>&NewLine;<p><i>Higher ticket items are difficult to sell and some more long term products are not going to do as well because there is so much uncertainty over the future&period;<&sol;i><br &sol;>&NewLine;<i>Bigger purchases like cars and real estate are struggling but still happening if they offer online tours because some investors are taking advantage of the opportunity&period;<&sol;i><&sol;p>&NewLine;<p><i>If this is the case don’t go for the sale right away&period; Look to gather leads and offer a low price product to build your list right now&period; Then as the curve flattens these leads will buy more&period; <&sol;i><&sol;p>&NewLine;<p><i>As for social media&comma; communicate often&period; Different apps are for different conversations&period; <&sol;i><&sol;p>&NewLine;<p><i>Facebook is general information and pictures&period;<&sol;i><&sol;p>&NewLine;<p><i><span style&equals;"font-weight&colon; 400&semi;">Linkedin is for business content&period; For example&comma; if you say you are losing money on Facebook some trolls may attack you for complaining but LinkedIn this info will be accepted and even spark a conversation about business with many others&period; <&sol;span><&sol;i><&sol;p>&NewLine;<p><i>Twitter is best for breaking news&period; Like if a product just went online or if you are going to have an appointment time&period;<&sol;i><&sol;p>&NewLine;<h3><b>How can small business owners ensure that their employees are taken care of financially and emotionally during these uncertain and scary times&quest;<&sol;b><&sol;h3>&NewLine;<p><i>This depends on the business greatly&period; However&comma; one trend is to have temporary layoffs&comma; even rolling layoffs as opposed to cutting hours&period; The reason is that if someone is laid off from the coronavirus they can apply for help but they get nothing if their pay is simply cut in half&period; Check with local government programs and regulations to refine this strategy&period;<&sol;i><&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><b>ABOUT DAVE FARROW&colon;<&sol;b><&sol;p>&NewLine;<p>Marketing expert Dave Farrow is the 2x Guinness World Record holder for greatest memory&period; To earn this title&comma; Farrow recalled the exact order of 59 decks of shuffled playing cards using &&num;8216&semi;The Farrow Memory Method&&num;8217&semi;&period; Farrow is first and foremost an entrepreneur who mastered the art of marketing to promote his own business&period; He has been been a featured guest expert on over 2000 interviews in the media including multiple appearances on Dr&period; Oz&comma; The Today Show&comma; Live with Regis and Kelly&comma; Steve Harvey&comma; Discovery Channel&comma; and many others&period;<&sol;p>&NewLine;<p>Today&comma; Farrow uses his keen understanding of the brain in the public relations and media sector&period; He is the CEO of Farrow Communications&comma; a full-service PR and marketing firm known for brain-based marketing and mnemonic messaging&period; Farrow Communications makes brands unforgettable representing a diverse range of clients across industry sectors and global markets&period;<&sol;p>&NewLine;<p><b>For more information visit&colon; <&sol;b><a href&equals;"https&colon;&sol;&sol;farrowcommunications&period;com&sol;offer&sol;">https&colon;&sol;&sol;farrowcommunications&period;com&sol;offer&sol;<&sol;a><&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;

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