Coronavirus impact on Marketing Industry.


Donaldcastillo

Uploaded on Mar 30, 2020

PPT on Coronavirus impact on Marketing Industry.

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Coronavirus impact on Marketing Industry.

Coronavirus impact on Marketing industry Businesses will struggle  Businesses are going to struggle for well over a year because they will have to make up for their losses. When companies like Apple shut down their stores to help reduce the spread, it means less income and less profit. Sure they are able to pay their employees during their temporary shutdown, but not all companies have their bank balance and most won’t be able to do the same. Source: Google Images Organic traffic is low  It has been observed that organic traffic for most websites like e-commerce was lower than usual as people aren’t buying more of non-essential goods like clothes and gadgets, as they focus on staying home and stocking essentials. Source: Google Images Drop in conversions  From a conversion rate standpoint, there has been drops in most industries as well. Even the financial sector, which had big traffic booms in traffic, dropped in conversions. The travel and hospitality industry has been badly hit by closing down of borders, lockdowns and travel bans. Source: Google Images Pay-per-click data  Big dips in the number of people searching for things like flights or hotels have been seen, but we didn’t see a drastic drop in CPC but we did see a big increase in cost per acquisition. In other words, you can still roughly pay the same amount per click, but the cost per conversion has been going up for most industries Source: Google Images Traditional marketing takes a hit  The advice to stay inside and limit all unnecessary outings is likely to lead to a notable decrease in out of home ad spend, with brands opting to focus on online, digital ads instead. TV has also been affected, with many businesses cutting TV ad spend as a precautionary measure. Source: Google Images Cancellation of events  Large sporting events and tournaments have already been cancelled, and sponsorship deals have been cut. Even the Tokyo Olympics 2020 and Euro 2020 have been postponed by a year, which will cause significant losses. Source: Google Images Online marketing may increase  There will be a huge increase in digital ad spend over the next few months as consumers will naturally be spending more time online, especially choosing to shop online versus leaving the house. Source: Google Images More spending on social media  Due to increased use of social media, spend across the social platforms is likely to increase. With more people on their phones, looking for engaging content to keep them busy as they try to tackle the emotional burden of self isolation, social media will become a daily routine that people need to keep them grounded, give them a sense of community and regular updates on the global crises. Source: Google Images For content creators  As content creators, providers or facilitators, we have a unique responsibility to be conscious of the content that we publish at this time. Consumers need support from the brands they love, and social media provides a great vehicle to deliver that. People are turning to their most trusted brands to lead the way and deliver content that shows true consideration for the consumer. Source: Google Images