All posts by Shardul Sant

YouTube marketing – what and how to include?

YouTube marketing

When was the last time you saw a video on YouTube without seeing an advertisement? Probably never, right? Promoting products on YouTube has never been so productive as it is in today’s world. Almost everyone with access to a smartphone or computer spends some time in the day to watch a video on YouTube. This implies that you are more likely to get traffic by creating videos for marketing your products and services.

Statistics have proved, time and again that YouTube is much bigger than other social media platforms with 500 hours of video uploaded every minute and 2 billion logged-in monthly users. These figures are enough to prove the dominance of video content on the world wide web. Businesses around the world have already started incorporating YouTube marketing in their marketing strategies in order to create high-quality and informative videos about their products.

Youtube Marketing

What Exactly Is Youtube Marketing?

YouTube marketing involves promoting your products or business on YouTube by uploading videos on your own channel or through advertisements. People are more likely to opt for your product or service when they see it on YouTube rather than in a text-based advertisement. As a marketer, this platform allows you to produce quality content that is easy to understand and share.

Creating A YouTube Channel

It goes without saying that if you wish to start marketing on YouTube, you need to have your own channel. Creating this channel is a very easy process, however, you need to ensure that you add relevant images to your channel art along with a well-written description. The description should be such that it should explain your business and the benefits the customer will have after subscribing to your channel.

Creating A YouTube Channel

A featured video is also an important element of any YouTube channel as it is the first thing your visitors will notice before looking at the description of your channel. These videos need to be creative and informative because they help to create an instant impression of your brand on the visitor, which in turn, affects your sales.

Youtube Channel

YouTube Video SEO Practices

Uploading numerous videos on your channel is not going to bring you business if they are not optimized properly. You need to include relevant keywords in your title and description in order to increase its visibility. An easy way to do this without damaging the “creative” aspect of your title is to use high-ranking keywords in the title and placing the additional keywords in the video description.

Below is an ideal example of such an SEO-friendly yet interesting video title:

YouTube Video SEO Practices

Upload High-Quality Videos That Maximize Watch Time & Bring Conversions

Once you are done setting up a YouTube channel for your business, it’s time to upload videos that will bring in potential customers for your brand. Here, you need to understand that if your videos are not goal-oriented, then they will fail to give the desired results for your business.

You need to perform a thorough study of your target audience and demographic before uploading any video. If you are looking to promote your brand, try to make videos that showcase the core values of your business, or highlight the importance of your product in a person’s life.

After you are done uploading your video, keep monitoring metrics like ‘watch time’ and ‘retention rate’ as it will help you to understand the pieces of content in the video which your audience finds interesting. It will also help you to develop goal-oriented and productive videos instead of lengthy and dull ones.

Is Monetizing Ads Worth It?

For businesses that are new to YouTube, monetizing their channel by displaying advertisements in their videos might have a negative impact on the business. This is because most people do not like to get interrupted when they are watching a video as it cuts their attention and they tend to lose their interest in watching that video further.

As a business on YouTube, your aim should be monetizing with the help of lead generation and brand awareness through your videos, instead of pay-per-view ads. However, if you still wish to go ahead with this, wait until you have at least over ten thousand subscribers!

Implementing YouTube Advertisement Campaigns

YouTube Advertising is the best way to showcase your video content in order to maximize your user reach. This type of advertising is done through Google Ads and YouTube implements a Cost-Per-View (CPV) model for this, which means that you pay only when someone views your ad. This helps to control your spending because once your preset daily campaign budget gets exhausted, YouTube will stop displaying your advertisement. Different examples of YouTube ads include Video Discovery Ads, Instream Ads, etc.

Below is the example of an Instream ad:

YouTube Advertisement Campaigns

Conclusion

YouTube, as a marketing platform, has enormous potential in today’s world if you use it correctly. Although it is true that you cannot expect raining views and results every time you upload a video on YouTube, you can surely develop a winning strategy by understanding public interest and by creating engaging content.

For getting more information regarding YouTube Marketing, you may contact us or visit our website www.bmconsulting.in

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Integrate your Amazon store front with social media marketing

Integrate your Amazon store front with social media marketing

Amazon Brand Store is a boon for sellers with a brand registry as it allows them to showcase all their products in one place. This store enables your shoppers to browse through all your ASINs and select the one they desire. Amazon store also offers sellers a safe haven from the fierce competition in the market. Thus, for a store that offers so many benefits, taking the right measures to bring traffic to it becomes of paramount importance to sellers.

The number of sellers on Amazon is growing on a daily basis which is making it very difficult for an existing seller to bring in conversions by relying on age-old marketing techniques. Also, running sponsored brand advertisements or performing SEO optimization is no longer the “ideal” way of boosting your sales.

Social Media Testimonial

If these techniques aren’t of much use, then the question has to be – what can be done to amass brand visibility or popularity in this digital world?

Social Media Marketing is the right answer to this question. This powerful tool can help you to build not only your brand but also your business. There are a plethora of benefits of marketing your brand through social media. These include low advertising costs along with increased brand loyalty, traffic, and lead generation, all of which eventually culminate into more sales.

Social media platforms are accessed every day by millions of people worldwide. This shows that with the right marketing technique, you can bring in visitors to your Amazon store and let them explore your product range without any interference. But how exactly can you use powerful social media platforms like Facebook, Instagram, or Twitter to your advantage? Let’s get into the details:

Select the Right Social Media Platform

There are multiple social media channels out there that can allow you to promote your Amazon store. However, creating an account on all of these channels and maintaining it proves to be time-consuming as well as unproductive. Instead, choose a platform according to your preferred demographic and concentrate your efforts on increasing brand awareness with the help of that particular platform.

Facebook and Instagram are the most widely used platforms for social media marketing as many people, especially the young generation, spend hours daily scrolling through the posts and stories on these social media platforms. The demographics of Instagram are beneficial for any e-commerce business as they fall in the age bracket of 30-49, which is the prime buying age range. Besides this, Instagram also offers a “Shopping” section that allows you to connect with millions that engage with shopping posts to learn more about products.

social media platform

Create Enticing Content

Be it email marketing or social media marketing, crisp, engaging, and high-quality content is the need of the hour. Advertising the features of your product is not enough because people nowadays relate more to stories that showcase your brand’s journey and highlight its value.

You can either include short videos or add creative images in your posts to pique the customer’s interest in your brand. You can integrate these videos or images with your Amazon store link so that it will take the customer straight to your personal store, thereby increasing the chances of conversion.

Create Enticing Content

Create A Customer Database

As a seller, you must know that Amazon rules prohibit you from capturing email addresses using their platform. Thus, social media proves to be an effective way to gather customer emails that can help you to develop your business in the future.

You can put a link to your Amazon store on your social media profile and these links will also serve as opt-in forms for the potential buyer. However, you must also remember not to continuously link to your Amazon store in your social media posts as it might look too cliché and customers may tend to ignore it often.

Social Media Testimonial Is The Key

People usually connect immediately with other shoppers and which is why a positive review of your brand from other customers can help to seal the deal. The chances of a potential customer visiting your Amazon store and actually buying your product increase by many folds if you post customer testimonials online regularly and share them as much as possible.

If you are using Twitter, you can “Favourite” the tweets that mention your brand and retweet them using your account. For Facebook, you can share on your wall what your customers have to say about you in an effective way. For Instagram, you can include hashtags with your testimonials as they are a great way to attract attention and make that post shareable.

Social Media Testimonial

Amazon store is something that has the potential to change the way people look at your brand. A creative store develops a brand image and strengthens your place in the competitive Amazon market. Every possible effort should be taken to drive traffic to this store and the tips mentioned above will help you to do so, thereby generating sales.

For any information on  Amazon Sponsored Ad, you may contact us or visit our website www.bmconsulting.in

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How To Manage Products With Less Demand On Amazon

Manage Products on Amazon

The world is changing constantly around us when it comes to fashion, food, technology etc. With this change, the urge to constantly upgrade ourselves with new and better things takes hold on our minds. This urge results in people shopping specifically for the products that are high in demand on e-commerce portals like Amazon.

For a seller on Amazon, the latest shopping trend in the market can prove to be advantageous if he has that particular in-demand product in stock. However, this leads to a negative impact on other products that have less demand because their sales figures fail to rise as the consumer’s attention is fixated on popular products.

Another drawback that an online retailer has to face is the surplus inventory of low demand products in the warehouse. In order to make room for the products in demand, it is imperative to clear out the old stock from the warehouse. This calls for devising new strategies that can put such low demand products on par with the trending ones and ensure a good amount of sales.

Perform An In-depth Market Search

Getting sales for products with less demand is a difficult task, but not an impossible one. If your product does not have enough consumer demand, then you need to take measures to create it. You need to conduct thorough research before launching a product in a non-responsive market. You can start by studying the consumer shopping patterns, the geography of the region you wish to target and the value of your product in the consumer’s life.

Create Demand

The mantra for selling any product is very simple – create demand for that product. Low demand products often get shadowed by the veil of publicity the trending products conjure, however, if you understand your product deeply, then, it becomes very easy for you to showcase its importance alongside the products that are selling on a large scale.

Amazon Product

You can start by designing a marketing strategy that portrays the key benefits of that product in a person’s life. While creating any form of content around that low demand product, ensure that it highlights the USP of the product in such a way that a potential customer will feel an urgent need to get that product for himself.  Producing regular and quality content will not only help in marketing your product but also pique the interest of the consumer in your product.

Understand The Product Cycle

Believe it or not, every seller knows that their product has a certain life cycle, however, they fail to utilize it in an effective way. A product generally starts losing its value after the maturity period as shown in the graph below. Thus, it is by this point you should come up with possible strategies to sell your product. An ideal way of doing this is to introduce a clearance sale at the end of the season by offering certain discounts or other lucrative offers on your product.

For example, if you are selling a sweater for winter, then the perfect time for advertising it in the market will be between the month of November and February. However, if you still have some stock left in that period, you can put out a clearance sale or season end sale around the month of February. Clearing out your old stock will also help you to make room for summer clothing in your warehouse.

Product life cycle

Get Reviews From Dedicated Customers

The best way to authenticate a product in the market is by getting people to provide Customer feedback and reviews about that product. Even though a new customer might not be inclined at purchasing a product that is not in demand, a dedicated customer can do it if you offer him some special deal.

Make use of your customer database and find those who are actively involved with your brand and purchase from you more often. You can throw in some special deals for them which will make them purchase your product. Once this is done, ask them politely to review that product and advertise that testimonial on your website so that others will be able to see it. Doing this will help to popularize those low demand products thereby generating sales.

Rating & Reviews

In a world where shopping patterns change rapidly, it is very difficult to get a certain product the attention it deserves in order to get it sold. However, if you understand your customer just as you understand your product, then generating sales is not difficult at all.

For any information on  Digital Marketing, you may contact us or visit our website www.bmconsulting.in

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A CASE STUDY OF GOOGLE ADVERTISING FOR GLOBAL BRAND OF DOG ONESIES (USA, CANADA)

dog onesies case study

BM Consulting developed a cost-efficient approach to maximize sales and brought down the cost/conversion by a healthy margin as compared to the client’s performance in 2019.

Our efforts resulted in

– bringing down the cost/conversion rate by 7.24%
– increase in conversion rate by 5.65%.

About Shed Defender

Shed Defender is a global brand for dog onesies in the USA, Canada and other parts of the world. Their mission is to keep creating products that promote a happy and healthy lifestyle for dogs and strengthen the bond between people and their pets.

Shed Defender always believes in making a difference, which is why their dog onesies are stitched from a fabric that is made from recycled plastic water bottles. This eco-friendly fabric is breathable, durable and stretchy which helps to keep the dog comfortable at all times.

Shed Defender products have helped to reduce dog anxiety and even helped with different medical issues so much so that they have proven to be an ideal alternative to the medical cone. Shed Defender products enable the owners to spend quality time with their dogs and form an everlasting connection with them.

Why did they choose us?

In the initial years, Shed Defender was the only brand that sold dog onesies in the American market. However, as the product gained popularity among the masses, many other competitors emerged which led to a negative effect on their sales. Shed Defender’s on-page ad position began decreasing and higher competition for search terms led to an increased expense against a poor return on investment.

With the help of systematically designed campaigns that targeted specific keywords and products, BM Consulting was able to increase the client’s brand awareness and click-through rate along with a decrease in the CPC.

Case Study Adwords

We started working with Shed Defender from the month of April 2020. The dotted lines represent the time frame from April to August for the year 2020 while the bold lines represent the same time frame for the year 2019.

A Streamlined Approach added More Sales at Fewer Costs!

We rebuilt the client’s AdWords account from the ground up, splitting it into meaningful campaigns that targeted specific demographics and interests (excluding non-performing locations, focusing more on location which is more likely to provide better ROI). As a result, Ad engagement began increasing which lowered the cost-per-click for the client’s Ads.

An in-depth product analysis helped us to target locations and products that gave better ROI in order to maximize sales. This approach not only ensured a rise in sales but also reduced unwanted spending on standard shopping campaigns.

A “Tried and Tested” Approach increased reach and helped in driving product sales!

Shed Defender had its own brand campaign from the beginning, but BM Consulting understood the need to refine it and improve its conversion rate. In order to reduce unnecessary spending, we revised our strategies to focus on areas that required greater attention to bring in sales at reduced spend. Daily segregation of negative keywords also assisted in reducing the unnecessary spend.

Relevant Ads Increased The Click-Through Rate

We created non-brand search campaigns with maximum conversion bidding at a low budget that targeted only 6 locations to reduce the competition. A responsive search ad within this non-brand campaign helped us give better ad impressions as we focused on all keywords in the 10 headings which are likely to perform well. By making the Ads relate more to specific keywords and only a few locations targeted, the click-through rate started improving immediately.

Google Ads Case Study

As seen in the above graph, the cost/conversion rate decreased from April 2020 to August 2020 as compared to the same time frame in the previous year.

BM Consulting Gets Results

It is to be noted that our digital marketing experts were able to accomplish this type of success by being dedicated to Shed Defender long enough to continuously monitor and test their digital marketing campaigns and strategies. BM Consulting breathed new life into the search engine optimization and digital marketing areas of Shed Defender in a very short time frame. Our expert team of digital marketing experts helps big as well as small companies to boost their sales and connect them with their ideal customers.

For any information on  Digital Marketing, you may contact us or visit our website www.bmconsulting.in

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Email marketing for the eCommerce business industry

Email marketing is an old school method of digital marketing that has not lost its significance even in today’s world. This method of marketing has proven to be reliable as well as profitable means of getting sales for numerous online retailers across the globe.

Email marketing helps you to develop meaningful relationships with your existing customers and allows you to gain their trust. You can use this technique to create awareness about your latest offers and products among your customers. However, this is just one side of the coin. Email marketing does have its own set of drawbacks that can catapult you back to the start line if you do not address them properly.

Even though sending a quick email is free of cost thing, launching an email marketing campaign can get pricey. In addition to this, if your emails are not properly designed and do not target the proper audience, it might affect your business in a negative way. To prevent this and to make your email marketing campaign impactful, the following is a list of few changes that you can incorporate in your marketing strategy and boost your conversion rate:

  1. Create a buyer’s list: It is pivotal to have a buyer’s list for online sellers because it allows them to know different things about their customers. For instance, having a buyer’s list will give you the names of people who have already bought from you and are willing to spend on your brand.

This list will also tell you about the interests and buying patterns of your customers. You can use this information to avoid sending unrelated emails and offers to your customers. You will be able to send relevant emails to the right person and it will help to increase your open rate. In addition to this, people will stop marking your emails as spam and your deliverability rate will also increase.

  1. Send A Welcome Email: Just like we feel impressed and flattered when someone welcomes us in person, customers who are new to your brand feel connected when you send them a personalized welcome email. Though you can have a pre-written auto-generated welcome email, personalizing it with your subscriber name helps to build a one-to-one relationship with them and increases their engagement in your brand.

You can customize your welcome email by offering a discount coupon for the newcomers or you can pitch in some free content about your business that makes them go through your website. As a precaution, avoid asking for personal information in the welcome email as the customer might get suspicious and may never come back.

  1. Set Up Abandoned Cart Emails: According to a study, around 70% of shoppers abandon their carts at checkout. Abandon cart emails are a perfect choice for reminding your customers that they have not yet completed their purchase and bring them back to your site to complete it

Abandoned cart emails are profitable because you send them only to those customers who have shown buying intent from your brand. You can entice your customers into completing the purchase by adding a discount coupon in your email. Also, the timing of sending these emails affects your conversion rate. An abandoned cart email sent in the first 30 minutes increases your chances of conversion than an email sent later.

 

  1. Keep A Mobile-Friendly Layout: In today’s world, people prefer doing most of their work-related tasks on-the-go and checking emails is no exception to that. Mobile devices are the handiest and widely used means of checking emails and account for almost 46% of all email openings. For this reason, you need to create mobile-friendly email campaigns that are easier to read.

While designing a mobile-friendly email, you need to ensure that your layout does not require the customer to pinch and zoom the content in order to understand it. Try to develop a crisp and innovative design that your customers will find easy to interpret. To do this, you can use the pre-existing template or you can create a new one with the help of an external tool.

 

  1. Offer Loyalty Benefits: Regular customers are a dependable source of income for any business, especially in the eCommerce industry. If a group of people is buying your products frequently, then it shows that they have faith in your products and they trust your brand. It is your duty to do something special for this group in order to strengthen the relationship.

 

Loyalty programs are the best way to honour the trust of these customers. You can develop customized email campaigns for your regular customers and shower them with benefits that would make them continue on their shopping spree with your brand. Making such customers aware of their special status will also encourage them to spread the word about your brand, which will indirectly boost your conversion rate.

  1. Keep Testing Your Email Campaigns: Email marketing is something that can become redundant after a while. If you stick to the same design, content and promotional offers, people will get bored with your brand and will move on to a new one. To avoid this, you need to constantly change your email campaigns according to the market scenario, buying patterns, technological advances etc.

You can improvise your email by changing the text in your mail or by using innovative images that steal the attention of the customer. Whatever changes you make, test your campaigns regularly in order to find the most profitable one for your business.

Conclusion

Email marketing should be the top priority for an online retailer. If you have been using email marketing to increase your business, try to incorporate the above-mentioned ideas into your strategy to make it more productive and dependable. Always remember this proverb when it comes to marketing – “old is gold”. Even in these times where Facebook, Instagram marketing is on the rise, a well-designed and well-directed email marketing strategy will never miss its target.

 

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How to design Facebook ad images to get maximum ROI

fb advertisement

Facebook is a popular social media platform in the world. You will seldom find someone belonging to the millennial generation who does not have an account on Facebook. People use this platform to share images, videos, and other types of content with their friends or with the world. However, in recent years, Facebook has garnered attention as a reliable and quick means of getting business.

According to research conducted in 2020, Facebook has over 7 million advertisers while 93% of marketers use Facebook advertising regularly. This data is enough to portray the importance of this platform for your business. However, generating content and posting it on Facebook is not enough if you wish to attract customers to your business.

You need to think out of the box to get the maximum return on investment from your Facebook posts. Your images should have a catchy design and crisp yet clear content that would explain your product in a few words.

Following is a list of few tips that you can implement in your Facebook advertisement campaign to gain maximum conversions from your posts.

1. Select Images That Steal Attention: Firstly, you need to ensure that your Facebook ad design is at least 1200 x 628 pixels wide to have a proper impact on the viewer. Secondly, try to use real images as much as possible instead of stock photos. Studies have shown that the click-through rate multiplies when you use real photos because they portray the actual emotion behind your advertisement. In the example given below, Virgin America airlines used a realistic photo of the cabin crew to attract customers.

Select Images That Steal Attention

2. Adhere to the 20% rule: It is said that it only takes 13 milliseconds for our brains to process images. This shows the importance of a meaningful image over detailed content. For this reason, Facebook allows you to include text on your images as long as it takes up less than 20% of the image’s total area. Hence, the next time you wish to post an image, make sure that it has as much less content as possible.

Adhere to the 20% rule
3. Ensure Correct Placement Of Your Ad: There are three major places where you can post your advertisement – desktop news feed, right-hand column and mobile news feed.

Ensure Correct Placement Of Your Ad

 

 

 

 

 

 

 

Every placement has its own pros and cons. For example, Mobile news feed is suitable for generating awareness about your brand, the right column placement is ideal for people who have already visited your website and the desktop news feed is apt for placing costly ads that are sure to drive conversions.

4. Use CTAs: You have nine different options to choose from for your Call-To-Action (CTA) which are shown below.

Use Call To Action

 

You need to ensure that you select the appropriate CTA according to your business. For example, if you are a clothing brand like in the example given below, use “Shop Now” as your CTA. Make it a point to keep your headline, text, description and CTA consistent so as to avoid any confusion of your viewer.

Use Call To Action
5. Use Testimonials: Recommendations will always be one of the best ways to boost your sales. No matter how creative you make your ads, people will be inclined to buy from only you if they come to know that many others have benefitted from your product or service. Using customer testimonials to increase your brand reliability might sound cliché but it still has a lot of impact on your prospective customers.

Use Testimonials

6. Incorporate Videos In Your Ads: Videos are a powerful way of showcasing your brand to the world. Videos convey a lot more than what the regular text does and they take less space than the text-based ads as well. Videos allow you to tell stories about your brand and explain your services in detail. What’s more, you can pique the buyer’s attention by including some exciting background music in your video that suits your brand.

Incorporate Videos in Your Ads

7. Use Different Ad Formats: Sticking to the same ad format will decrease the number of conversions eventually. To keep your customers interested in your brand, try using different ad formats like Carousel Ads, Collection Ads, Canvas Ads etc. Carousel Ads are productive for your business because they allow you to tell better stories about your brand. This format enables advertisers to show 3-5 images, headlines and links or CTAs in a single ad unit.

Use Different Ad Formats

Facebook ads are an effective medium of reaching new customers and strengthening your place in the minds of the existing ones. The trick is to keep them simple and design them in a way that would help to showcase your brand in the simplest yet smartest way possible.

For any information on  Facebook Advertisement, you may contact us or visit our website www.bmconsulting.in

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Small steps that India is taking towards Atmanirbhar Bharat

Aatmanirbhar Bharat

The year 2020 will be etched onto the human minds for generations to come. This year will be remembered because of a single microorganism that wreaked havoc in the entire world and brought it to its knees. The coronavirus or the COVID-19 virus not only took the lives of millions across the world but also brought the economy to a halt. Drastic measures were taken by countries across the globe and economic packages were issued to bring the economy back on track and India was no exception to it.

Atmanirbhar Bharat 1

On May 12th, 2020, Prime Minister Narendra Modi urged the citizens of India to concentrate on making the country “Atmanirbhar” or self-reliant. The idea of Atmanirbhar Bharat will not only focus on reviving the Indian economy post this pandemic but will also set the base for India’s domination in the world economy in the 21st century.

Atmanirbhar Bharat 2

During all these years, the idea of the “Make In India” initiative was never underlined as strongly as it is being done in the current coronavirus crisis. What led to this sudden change in mentality? The COVID-19 virus originated in China as it reported the first case of the COVID-19 virus in December 2019 after which it slowly started spreading in the entire world. Fast forward to six months later, the Chinese economy is almost back to normalcy while the world is still struggling with the pandemic. This made the world think if China can do it, why not us?

One of the benefits that China had earlier was that many reputed multinational companies had their manufacturing units located in this country. However, the global pandemic made them realize that it is time to move their setup from the Chinese market and settle somewhere else where there are resources to rebuild their empire. India is a country that can make this possible for those companies.

India can definitely create an ecosystem that can woo companies leaving China. India has the manpower and resources required for businesses to thrive and embark on the path of progress. Atmanirbhar Bharat focuses on creating job opportunities for the people of India and inviting global companies to set their base in the country. Promoting local vendors and businesses, educating them, and providing proper skillset to the workers are also some of the key areas the government is looking into in order to ensure the success of this campaign.

The Indian retail sector has already made its mark on the global economy and has proved its potential every time. E-commerce portals like Amazon and Flipkart are already flourishing in the Indian market as the local vendors are ready to grab every opportunity that comes their way. The Atmanirbhar Bharat Abhiyaan is aimed at strengthening these local industries that have taken a hit in the global pandemic and get them running like before.

In accordance with this Abhiyaan, the state of Gujarat has pledged to give guarantee-free loans of Rs 1 Lakh at 2% annual interest to the weaker sections of the society and small vendors to empower them in this crisis. Even the youth of the country are creating social media campaigns that promote the idea of “Self-Reliant India” and are urging other youngsters to stop using products made in other countries.

With the above said, it is but obvious that the digital marketing sector is witnessing noteworthy amounts of change too. Website designing is getting more demand as Indian companies look forward to considerable growth. Online selling, both independent and through online marketplaces, is going to be a norm for industries even in the SME sections.

The most important change has been noted in the tendency of online shoppers as they enquire about the manufacturing centres and confirm the “make in India” tag of the products they choose to buy from online marketplaces. Online shoppers have started promoting products made in India by writing reviews about them and referring those products to their friends and relatives. This step is very significant because it is the customer who forms the base of the market and economy. The customer is King and his opinion matters most. When customers shift their priorities to Indian manufacturers, it is evident that the industry will also have to shift. Following the same, it is not surprising that Indian smartphone companies like Lava, Xolo, Micromax, etc have started making smartphones with top-notch features and are selling them at affordable prices to attract the modern crowd.

Atmanirbhar Bharat 3

An eye-opener for the Indians came when the central government was in desperate need of funds to tackle the coronavirus crisis and no foreign company came forward to assist the country. It was the Tata group that pledged Rs 1500 crore, Wipro pledged Rs 1125 crore and Mahindra & Mahindra offered to use its manufacturing units to make ventilators. Such generous donations from these Indian companies made people realize that you cannot rely on foreign companies in times of need. This made them understand that buying a vehicle from Tata rather than Mercedes in the future will not only empower the company but also the country.

Self-sustainable India is the need of the hour. Gone are the days when India used to depend on other nations for its needs. This global COVID-19 crisis has changed the mentality of the Indian people and they have understood the importance of a self-reliant nation. If India does not deviate from the ideology of Atmanirbharta, then there is no force in this world that can stop it from becoming a global power in the years to come.

For any information on  Digital Marketing, you may contact us or visit our website www.bmconsulting.in

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How To Rebuild Your Business After The Pandemic

How To Rebuild Your Business After The Pandemic

The year 2020 has proven to be a difficult year so far for businesses around the world due to the outburst of the global pandemic. Manufacturing units are shut down, supply chains are disrupted and companies are facing labor shortages due to the imposition of lockdown by their respective governments. All these factors have culminated in the disruption of global trade that has brought the world’s economy to a standstill.

Coronavirus impact on businessCoronavirus impact on business

As you can see from the graph given above, the GDP of countries across the world has been affected negatively due to this pandemic. Millions of individuals have lost their jobs as most of the businesses are on the verge of shutting down permanently. So, does this global economic downfall mean that your business cannot get back to its former glory post this pandemic? The answer is yes, it can.

Businesses in China, the country where this pandemic originated are slowly springing back to life. Most of the businesses in this country have started their operations already, though with strict safety measures in place. The world needs to develop similar recovery strategies that would slowly put the economy back on its feet and ready to move upwards on the graph once more.

Stabilizing your business after this pandemic is going to be a tough task, but it is not impossible. You just need to improvise your business strategies and redesign them to meet the requirements of the current market. You need to have a recovery plan that can put your business back on track once this crisis subsides.

Following is a list of few steps that you can take to restart your business after this pandemic:

1. Identify the Damage done to Your Business: Every business, big or small, has been affected due to this pandemic. You need to minutely study every aspect of your business and determine the area which has taken the most hit. For example, if your production unit is doing fine but your supply chain is hampered due to the lockdown, you need to concentrate your efforts in that area.

No business can flourish without a smooth cash flow which is the reason you need to identify the economic damage done to your business. If the damage is too high, do not hesitate to ask for funding from different sources to jump-start your business. Many governments have already offered economic packages to help rebuild the SMEs. Take help from wherever possible but just make sure that the influx of money is not hampered.

Identify the damage done to your business

2. Learn to Adjust to the New Way of Working: Lockdown has confined people to their homes which have forced companies to allow their employees to work remotely. Surprisingly, this model has proven to be cost-effective for many companies and they are planning on sticking to it even after the pandemic.

As a business owner, you must come up with new ways to make remote working engaging as well as productive. Also, never fail to address your employees’ concerns as they need to feel connected to their company. Remember, your employee is an integral part of your business and a business can only prosper if they are happy.

3. Develop new Business Strategies: This pandemic has changed the market in many ways which means that your previous business plans won’t bear fruit in this current situation. Take your time and restructure your strategies so as to meet the changing demands of the current market.

As a business owner, you will need to find out what problems your customers are facing right now and how well you can address them. For example, since restaurants are closed due to the nationwide lockdowns, restaurant owners have started doorstep deliveries and takeaways with amazing discounts to keep their businesses running amidst this crisis.

Develop new business strategies

4. Concentrate on Selling Your Products Online: Since the coronavirus has limited the public movement, it is wise to concentrate your efforts on selling your products online rather than through the physical market. Redesign your marketing strategies in such a way that they will help to regain the customer’s trust in your brand once more.

If you have a website, ensure that it is free of flaws and functions smoothly. Create innovative content and post it regularly on your website so that the customers will be aware of the steps you are taking to stay afloat in this crisis. Let them know that you are taking all the necessary safety measures at your manufacturing facilities and even during product deliveries to ensure a safe environment. This will help the customers keep their faith in you which will, in turn, boost your sales.

5. Prepare a Contingency Plan for the Future: At this stage, you would have understood how important it is to have a backup plan to tackle such emergencies. The COVID-19 pandemic has taught the world economy a lesson that it needs to be prepared for such scenarios because this kind of a worldwide disruption is not going to be the last one.

There are a lot of steps that you can take to ensure that your business does not get affected due to such global threats. For example, you can find ways to cut operating costs without disrupting your work culture to increase your profits. You can even focus on strengthening your liquid cash savings to ensure smooth cash flow in the midst of such an outbreak in the future. The crux is to learn from the current scenario and have a contingency plan to keep your business running.

Prepare a contingency plan for the future

To be frank, this situation is new to everyone in this world. We cannot comprehend how well the economy will bounce back after this pandemic but we do know that we have the determination and the skill to bring our businesses back to normal. All we need to do is give our 100 percent to our business and take every step required to get our sales charts on the upper side of the graph once again.

For further information on  Online Marketing, you may contact us or visit our website www.bmconsulting.in

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