The world is currently experiencing the worst pandemic and economic downturn seen in the past 75 years. The Covid-19 pandemic has caused serious economic ramifications not only for South Africa but for the world at large. This has been exacerbated by the fact that governments around the world have encouraged their citizens to socially distance themselves in order to ensure that the rate of infections is reduced, and to avoid more people contracting it.
This measure however has led to most non-essential businesses and products from not being available in the community, causing most of their suppliers to also close for a long period of time. This means some of the employees of these institutions are now unable to draw salaries and thus unable to participate and contribute toward our ailing economy.
All industries have been dealt a blow and have had to re-look their business models for new ways of doing things. The media industry has been dealt a blow as well, with some epic media institutions having to close down. One of the largest publishers of magazines, some as old as 100 years, are shutting down, and will not be able to print going forward. This means that advertisers will no longer use these platforms to connect with ardent and loyal readers. The Outdoor or Out of Home industry has experienced the same with clients questioning whether or not to continue advertising on billboards, because the audiences they were trying to reach are no longer moving around outside their homes.
On the flip side, some mediums have seen an upsurge and an influx of audiences. These have largely been digital and social media platforms. This influx has been attributed to crowd-sourcing engagement in the form of DJ’s hosting social distancing live parties where audiences can party without leaving the comfort of their own homes. Similarly, a lot of consumers who like to keep fit, have gone as far as sharing their exercise routines on social media and encouraging those in their circles to participate online. This phenomenon also has people sharing new ways of preparing food and recipes with online audiences and the social media community at large.
However in every good situation there will also be some bad apples. There are those who have shared recipes of making their own home brewed alcohol as is it no longer available for sale during this social distancing period. The number of unqualified journalists and political commentators have also been on the rise, with some of them sharing fake news largely based on unverified information.
So how do clients look at these phenomena and still connect with their consumers? They need to understand what makes their audiences tick and try and connect with them on the social platforms they’re most likely to be. But brands also need to be careful to not only try and make a sale but to be comforting and giving back to consumer in one way or another. Whether its brands giving advice or sharing recipes and even sometimes just talking about mental health to try and empower the consumers they serve. But staying dark and invisible in these trying times is not an option, because this tactic allows competitors to occupy the headspace of consumers and make them the preferred brand or product once their categories are once more made available. The old adage, ‘out of sight, out of mind’ rings true – so stay visible.
- How do you assess the risk in your business? | #Insight | #Insurance | #Risk | Ingrid von Stein | Marcel Wood | Hollard Insure | #Podcast - May 23, 2022
- Growing number of SA girls are seizing careers | Opportunities in STEM | #Study | SASOL BURSARY SERVICES | Monica Luwes - May 23, 2022
- Embrace your future with the Sasol Bursary Programme | #Bursary | #Study | #Business | #Insight | Sasol - May 23, 2022
- Chery Tiggo 7 Pro launched | #Motoring | #Biking | Diesel and Dust | Tumelo Maketekete | #Podcast - May 20, 2022
- Call Centres should be SOLUTION CENTRES! | #Marketing | #LunchtimeMarketing | Kevin Britz | Craig Page-Lee | Podcasts - May 20, 2022
- THE WEEK THAT WAS | #News | #NewsUpdates | Kuhle Tshabalala | #Podcast - May 20, 2022
- FREE eCommerce Virtual Summit opens registrations for entrepreneurs | #Entrepreneurs | #eCommerce | The Insaka eCommerce Academy - May 19, 2022
- Running like the wind into the future | #Technology | #Running | #Gadgets | Arthur Goldstuck | #Podcast - May 19, 2022
- Are you even aware of yourself? | #Coaching | #LunchtimeCoaching | #HR | #Entrepreneur | Kevin Britz | Akhona Tota | Silu Business Partners - May 18, 2022
- The symbiotic relationship of sport and Education | #Opinion | #Insight | #Education | #Sport | The Love Trust - May 18, 2022