People are always changing. Changing habits, routines, and even brands.
Some of these changes are dictated by little things, like deciding to buy from a specific brand because of a good deal. Others are impacted by big events, like the birth of a child forcing parents to cut back on spending. There’s even larger societal shifts to consider – including one we’re all quite familiar with.
Yes, in the past year, things have changed quite a bit for pretty much everyone. And that’s manifested in the form of some pretty significant shifts in consumer behavior. Shifts that are bound to continue resonating long after Covid-19 is behind us.
In order to adjust to shifts in consumer behavior, your business needs to be agile. Change is a constant we’ll always have to be dealing with. Here’s three ways your business can adjust.
Monitor The Trends
Knowledge is power. And that’s why you need to know the trends.
Staying on top of the trends will help your business be able to predict shifts in behavior before they get ahead of you. Understanding what’s coming can help your business gain an edge over its competitors. If you’re the first business in your area to embrace a new trend, people tend to take notice.
Know what’s trending in your industry, in your area, with your audience, and everywhere in between. Chances are, if you’re reading this article, it means you’re making some effort to stay plugged in. Keep at it!
With the vaccine rolling out, we’re currently going through what’s (hopefully) the back end of the new normal. But what happens when things go back to the old normal?
As I hinted at earlier on, things aren’t necessarily going to be that simple. Life will certainly feel more normal when we’re not all having to worry about Covid-19, but consumer behavior will be fundamentally changed.
I spent some time last week talking about this (when I delved into four marketing trends worth exploring in 2021). I talked about how curbside pickup and other contactless solutions will continue long after the pandemic is behind us. Why? Because it’s convenient.
The other factor to consider is how consumers themselves have changed as a result of Covid-19. While everyone has been affected, younger generations have had their childhoods disrupted. People have lost careers, family members, and missed out on major life events. The entire world had to figure out to do things remotely. When we eventually change over to an even newer normal, these disruptions won’t soon be forgotten.
Know Your Audience
There’s a difference between knowing your target audience and knowing your actual, current, day-to-day audience. While these two groups can certainly coincide within a Venn diagram, what I’m getting at it here is that you need to know your customers. Who they are, where they live, what they’re going through, and so on.
Getting in touch with your audience will help inform every decision your business makes. From basic marketing to high-level branding decisions, understanding your audience will help keep your business relevant.
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How does your business adjust to shifts in behavior? Sound off in the comments!