TOP SALES PROMOTION TRENDS TO EMERGE POST CORONAVIRUS
Any form of promotion during Covid is quite a sensitive matter. There is a very fine line between notifying your customers and annoying them. If you are planning to get in touch with your customers, then you must know that by the time your communication reaches them they must be already annoyed to the core with hundreds of emails lying unopened in their mailboxes with subjects on Covid.
So before you initiate the promotions, you might want to check out the sales promotions trends that would emerge during this pandemic.
The language of all the promotional communication ought to be sensitive and empathic. If the customers find you lacking compassion they won’t bother to engage, let alone buy your brand. Maintaining that human touch during campaigns has become more important now than ever. When informing your customers about your processes and policies during Covid, brands need to show that they are being responsible.
Creativity and joyful communication is going to play a big role during sales promotion campaigns. With customers getting bored, locked in their houses, brands can make use of this opportunity by spreading some joy among their customers with the help of creative and engaging campaigns. This will not just help in better and easier conversions but also give a good brand recall value.
With most of the media houses and studios shut, use of social media influencers would be a great idea at this point in time. According to a survey conducted by Hammerkopf Consumer Surveys, amid the lockdown, in India, there has been 87% increase in social media usage. Brands should utilize this trend and hire relevant and authentic influencers for the sales promotion campaigns.
Offer discounts and promotions. BOGO (Buy one Get one) is here to stay. The purchasing power of the consumers has been immensely affected. Also it has been observed that the consumers who can afford to buy are delaying purchases. A slashed price would motivate the consumers to make the purchase without further procrastination. Along with price cuts, there can be all forms of BOGO offers.
Free samples of products or online trials of services is a great way to launch a new brand during Covid. When giving out samples, make sure that the consumers know about the safety policies that your brand is following like contactless deliveries, best practices of hygiene and so on.
Apply Targeted Promotions. Something that your consumer needed earlier may not be required now. It is important to understand their needs and accordingly craft the promotion strategies. According to a Harvard Business study, regardless of which group consumers belong to, they prioritize consumption by sorting products and services into four categories:
- Essentials: are necessary for survival or perceived as central to well-being.
- Treats: are indulgences whose immediate purchase is considered justifiable.
- Postponables: are needed or desired items whose purchase can be reasonably put off.
- Expendables: are perceived as unnecessary or unjustifiable.
It is important for brands to classify their products or service and bundle it appropriately to have a successful campaign with a desired outcome. For example: Bundling an essential item with a treat can become quite a desired combination for a customer.
Giving out ‘At-Home’ reward coupons or gift vouchers is another unique way of sales promotion during this pandemic. Now that everybody is at home, brands should switch to rewards that can be redeemed at home, online. For example, they can give away reward coupons for online streaming channels, food delivery apps, online learning platforms, fitness apps, e-commerce websites and so on.
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