Connect with us

Success Advice

How to Create Thriving Opportunities During Unfortunate Times

Published

on

Image Credit: Unsplash

If you’d like to learn how to thrive during uncertain times so you can always find ways to be successful, sign up for the free 90-Day Master Class hosted by the founder of Addicted2Success.com, Joel Brown.


The current situation we are all dealing with in the world has had an unprecedented impact on businesses, both new and established, across every industry imaginable. From tourism and travel to retail and even e-commerce, business is down and there is an uncomfortable sense of uncertainty across the world.

There are always going to be unfortunate world events that we have to deal with head-on, but a global pandemic like we are currently experiencing is unchartered waters for most business owners and entrepreneurs.

One of my companies creates direct-to-consumer beauty brands and we launched a new brand amid the global pandemic. Many said that launching a new brand during the pandemic was very risky.

Guess what happened? It took off. It exploded out of the gate and scaled faster than other brands that launched in what many experts would say, were more stable economic times. We made sure to check-off several boxes — ones that I knew would lead to the success we experienced.

This formula doesn’t only apply to e-commerce brands. It actually applies to any new business. While most are playing it safe and laying low, there is a huge opportunity to introduce new products or services to the market. 

Here are a few things to consider if you decide to take the leap:

1. Identify a Need, Want, or Desire with High Demand

The brand we launched was an at-home kit that allows consumers to get salon-quality nails at home. One of the most complained about topics across social media was nails — or lack of options since most salons were ordered to close.

As it became clear that salons wouldn’t be opening for some time, we decided to launch a home-kit. There was a clear need, want, and desire. All you had to do was look on social media and it was very obvious that if we brought a solution to the market, we would have willing and able buyers.

The demand was there and the price-point was more affordable than the salon. We created a win-win situation for the consumer. They were able to do their nails and save money. There are always going to be needs and wants during unforeseen times. Identify them and you will face opportunity directly in the face.

“In the middle of difficulty lies opportunity.” – Albert Einstein

2. Find a Way to Place Your Offer Directly in Front of Your Target Audience

There is one aspect of the global pandemic that gave many businesses a major advantage. They could easily market to their ideal customer through online marketing.

From email marketing to paid social media and influencer marketing — consumers were at home and a large percentage of them were on their computer or had their mobile device glued to their hands.

With our brand, we knew that we could run highly targeted social media campaigns and place our offer right in front of those that were craving a solution for their nail problem. The same logical thinking was utilized by many businesses.

Let’s take the restaurant industry for example. Many were forced to stop serving and sitting guests, so they had to convert to take-out and delivery only. Many that didn’t focus on this prior immediately turned on social media ads and pushed local consumers to download their own app or encouraged them to order via platforms like Uber Eats and Postmates.

3. Show Empathy in Your Marketing Message

In our situation, we more than likely could have just run straight ads with the message of, “Get your nails done” and received some interest. But we decided to focus on showing empathy while also presenting the consumer with a solution.

The pandemic impacted people differently — from losing loved ones to the virus to being laid off — it required a softer message for that initial touch-point. I am constantly analyzing D2C marketing and messaging and some of the most successful campaigns I have seen during this crisis displayed some level of empathy in the message.

I feel that a lot of brands assumed that consumers would simply stop spending money during the pandemic, which wasn’t the case at all. Some brands did slow down advertising, which created another opportunity — lower ad costs and media buys.

It honestly couldn’t be easier. A simple approach along the lines of, “Hey, we know times are crazy and there is a worldwide sense of uncertainty, and we also know you miss the little things like getting your nails done…”

Brands, especially new ones, were presented with an opportunity to make a strong connection with consumers. Life was slowed down a bit. People weren’t in such a rush because they literally had nowhere to go.

This was an opportunity to let them know you care and establish that relationship. This actually relates directly to my final point below.

“There is only one boss. The customer―and he can fire everybody in the company from the chairman on down, simply by spending his money somewhere else.” – Sam Walton

4. Operate and Build with Post-Tragedy Scale in Mind

I’ve seen a lot of brands surface during the pandemic, and I am willing to bet when I check on them a couple of months down the line they will be long gone. Why? Because they are only focused on the “now” and have zero vision for the future.

This is the wrong way to approach launching a new opportunity — pandemic or not. One of the reasons I stressed building a strong initial relationship with the consumer is because of long-term scale and growth.

If you connect with a consumer during a difficult time and build a meaningful relationship by providing them with a product or service that helps them — solving a problem or taking their mind off the current situation — they are going to be very brand-loyal moving forward.

With our brand, we are solving a problem caused by the pandemic and shutdown, but we are also providing convenience and a product that has the potential to thrive in a “normal” world. Someone that is introduced to the brand during these times and has a pleasant experience is likely to be a repeat customer.

The brands that are only focused on making a quick buck will be scrambling when things settle down and consumers return to their normal activities and routines. Those that had post-pandemic scale in mind will continue to grow and thrive in the future.

How do you create opportunities during uncertain times? Share your thoughts with us below!

Razvan Romanescu is a serial entrepreneur, whose roles include: Co-Founder and CEO of Gamelancer Inc, a platform designed to empower gamers to generate revenue by being compensated for playing with others; Co-Founder of Guff Media, which owns multiple media properties including Memes.com (@memes on all social platforms and the largest meme generator app in the App Store); Co-Founder and CEO of Underlining Beauty, which owns and operates brands such as Tatbrow and Nailboo; Co-Founder and CEO of 10PM Curfew, a female-focused media network founded with actress Bella Thorne that includes @style and @girls on Instagram and TikTok.

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Success Advice

20 Ways You Can Become a Powerful Communicator

Published

on

Emile Steenveld Speaker and Coach

Some people seem to naturally know how to effectively communicate in a group setting. They can express themselves clearly and listen attentively without dominating the conversation.

Being a powerful communicator is important for several reasons, including building and maintaining relationships, achieving goals, resolving conflicts, improving productivity, leading and influencing others, advancing in your career, expressing yourself more confidently and authentically, and improving your mental and emotional well-being. Effective communication is an essential life skill that can benefit you in all aspects of your life.

But, don’t worry if you don’t naturally possess this skill, as effective communication is something that can be developed with practice, planning and preparation.
 

1.  Listen actively: Practice active listening by giving your full attention to the speaker and responding to what they are saying.

 

2. Use “I” statements: Speak from your own perspective and avoid placing blame or making accusations.

 

3. Avoid assumptions: Don’t make assumptions about what the other person is thinking or feeling.

 

4. Be clear: Express your thoughts and feelings clearly and concisely by getting to the point and avoid using jargon or overly complex language.

 

5. Show empathy: Show that you understand and care about the other person’s feelings.

 

6. Offer valuable insights: When speaking in a group, provide a valuable takeaway or actionable item that people can walk away with.

 

7. Be an active listener: Listen attentively and respond accordingly, incorporating your points into the conversation.

 

8. Choose the right time: Pick the most opportune time to speak to ensure that you have the group’s attention and can deliver your message without interruption.

 

9. Be the unifying voice: Step in and unify the group’s thoughts to calm down the discussion and insert your point effectively.

 

10. Keep responses concise: Keep responses short and to the point to show respect for others’ time.

 

11. Avoid unnecessary comments: Avoid commenting on everything and only speak when you have something important to say.

 

12. Cut the fluff: Avoid being long-winded and get straight to the point.

 

13. Prepare ahead of time: Sort out your points and practice them before speaking in a group.

 

14. Smile and be positive: Smile and nod along as others speak, to build a positive relationship and be respected when it’s your turn to speak.

 

15. Take responsibility: Take responsibility for your own actions and feelings.

 

16. Ask questions: Ask questions to clarify any confusion or misunderstandings.

 

17. Avoid interrupting: Allow the other person to finish speaking without interruption.

 

18. Practice active listening: Repeat what the other person said to ensure you have understood correctly.

 

19. Use your body language too: Use nonverbal cues such as eye contact, facial expressions, and body language to convey your message and build rapport.

 

20. Be aware of the tone of your voice: it should be calm and assertive, not aggressive or passive.

 

By keeping these tips in mind, you can improve your communication skills and become a more powerful communicator, which can help you build better relationships, achieve your goals, and lead a more fulfilling life.

I you want to learn how to become more confident in life then you can join my weekly mentorship calls and 40+ online workshops at AweBliss.com so you can master your life with more success.

 
Continue Reading

Success Advice

Dead Men Tell No Tales: How to Navigate a Mutiny as a Leader in 10 Steps

You’re the manager. You’re the supervisor. You’re the leader. But maybe your people don’t see it that way

Published

on

Image Credit: Unsplash

You’re the manager. You’re the supervisor. You’re the leader. But maybe your people don’t see it that way and perhaps that has created a divisive and adversarial working environment that makes it difficult for you to influence and inspire your team in a way that meets your vision. (more…)

Continue Reading

Success Advice

How to Think Like a CEO for Your Future Success

A blueprint for CEOs to draw a disciplined strategy

Published

on

Image Credit: Unsplash

Strategic thinking helps CEOs build successful businesses. It helps them establish everlasting enterprises. It is one of the key elements of decision-making. It is different from strategic leadership. It differentiates between leaders from managers.  (more…)

Continue Reading

Success Advice

How to Focus Your Mind on Your Goals in 2023 Constructively

In this world of distractions due to information overload, it has become a big challenge to focus our minds

Published

on

Image Credit: Unsplash

In this world of distractions due to information overload, it has become a big challenge to focus our minds on positive aspects and constructive activities. Sometimes we waste our precious time mentally and physically due to distractions arising out of technology. We must understand our priorities and learn how to focus on them religiously. (more…)

Continue Reading

Trending