October 26, 2020
There are many businesses who are making a mark even in this situation. Where other Businesses have had a great impact as our economy has taken a hit because of COVID-19. We have all witnessed grocery stores with empty shelves and restaurants like ghost towns.
But we believe that it is a unique opportunity for brands to unite together. The business community needs each other now more than ever. People need support, understanding, education, resources. Digital Marketing services can provide just that and can be extremely powerful if it’s done correctly.
Being a business owner, you’re expected to be looking for a Digital Marketing agency in Gurgaon to survive the wave that has Indians shifting their budgets.
It is evidently definitive about the coronavirus among many questions that linger around us that COVID-19 doesn’t discriminate.
By now, we have all heard of a friend or family member test positive for the virus. Irrespective of race, gender or economic status, the coronavirus has hampered all of our lives.
That also rings true in business. Large corporations have inclined for bankruptcy while small businesses have been hit hardest throughout the country with many closing their doors for good.
You would be surprised to know that more than 72,800 businesses have permanently shut down in the United States alone since March. In Texas, nearly 6,500 businesses have permanently closed. The findings reflect that the pandemic created various operational and financial challenges for Indian businesses as well. In this lockdown, as much as 71.31 percent of the businesses faced reduced cash flows. Additionally, hurdles like delay or cancellation of projects have been severe causes of concern, especially in the tertiary sectors, particularly retail, non-profit, consultancy, education, and financial services.
People feel that resumption of normal business operations might be delayed to the next 12-18 months other than the 6-12 months predicted during the lockdown. Eventually, regarding consumer demand, 90% of the firms affirm that consumer spending has changed from luxury to necessity. The businesses have also seemed to accept this change in consumer demand. Which tends to persist for about 1-2 years, indicating a gradual path for achieving the normal rate of consumption and investment levels.
Like many other businesses, few of them are closing their doors because of the impact of COVID-19 but permanently. They are now holding a going-out-of-business sale with the expectation of shutting down for good in September.
Many business owners can be empathetic of reality. They might have done great in past years. But unfortunately, many of Indian businesses also appear to be in the same boat as some other struggling business owners owing to ignoring the importance of digital marketing agency and the aid they provide of building a strong online presence for their business.
It's a wakeup call to business owners everywhere that if you ignore digital marketing during COVID-19, you would suffer a major setback to sell your products or services when the economy bounces back. Businesses cannot survive on foot traffic simply when so many people aren’t moving out of their homes and risking their health in stores. In this era, you need Digital Marketing services to aid your business.
This is definitely not the time for business owners to lean back and wait and see what happens. You should be head over heels to work with Best Digital Marketing Company ever now to keep your business afloat.
As per findings “That would be a mistake and a complete waste of the time and resources you’ve already poured into your business to gain traction in a crowded online marketplace. You would lose ground to your competitors if you do not find a suitable internet marketing agency.”
As we can witness, businesses that have chosen a progressive strategy of refocusing spending with the help of Best Digital marketing Agencies in Gurgaon have outperformed businesses that made sweeping cuts.
studies have showcased that what happened during a recession affected a company’s performance even after the recession phase. Some studies also revealed that “successful leaders, with help of Digital Marketing Services, have refocused rather than cut spending.”
A Harvard study of 4,700 public companies suggested it three years before, during and after recessions. The study marked the percentage of companies that outperformed their rivals, some about 21 percent for businesses that opted for marketing agency that are more for a more progressive focus. The study reveals that firms ignoring the importance of online presence don’t essentially curl. They tend to have the lowest profitability as low as 21 percent of pulling ahead of the competition.
Furthermore, a report also mentions that getting it right with the help of Best Digital marketing Agencies through the lean years has a huge impact on a company’s growth rate after the economy improves.
You can reach Crux Creative team at: