The global pandemic has left many small business owners uncertain of their future and grappling with the reality that almost overnight the commerce world as we know it has become almost exclusively an online model. For small businesses that rely on their retail and physical storefronts to produce revenue, this transformation can be daunting. It’s important to understand that if ever there was a time to move your business into the digital world, that time is now. The sooner, the better in fact. It won’t just help reduce the loss of revenue but will continue to serve you in the future.
We’ve got some practical ideas to help you quickly make the digital jump your business needs to survive. Our skilled team has helped clients achieve this in one week because of our experience. While you may not be able to move as fast, you can still get moving, and we hope this article will help to rescue many more businesses and jobs then what we can get to.
First, the good news. This global pandemic is happening at a point in history when our world has many ways to connect digitally. The proliferation of video tools means that many of things that were once required to be done “in-person” can be done through video. When it comes to figuring out how to transform your business into a digital one, here’s a quick guideline:
If you have a product, you can sell it online and have it delivered.
If you offer a service, you can sell consultation online and deliver it virtually.
The additional good news is that even before the global pandemic, many businesses were already providing that a virtual world can work. InspireHUB has been a 100% remote workforce for seven years. Hello Fresh, a meal-kit company out of Berlin, became a billion-dollar company delivering prepared meal-kits around the world and Peloton was enjoying skyrocketing growth from people connecting from their bikes through their homes. (Side note: In our new reality, we remain concerned for the well-being of ‘Peloton wife’ but at least she gets to do her self-isolation with her bike and Aviation Gin.)
We recognize that those with products (food, beverages, clothing, etc.) can have a smoother transition. For many, like Cooper’s Hawk Vineyards, it was a matter of morphing to an online ordering system for their wine and figuring out campaigns to help engage the local community around them.
But, what about the businesses that are venues, events-driven, or provide ‘hands-on’ services. It requires more creativity, but remember this: YOU possess a unique skill-set, and that knowledge is something that consumers are interested in and have proven they will pay to engage with virtually.
We realize converting your business to a new virtual reality can be unsettling, so we assembled some creative ideas to help inspire you to imagine the new ways your products and services could come together.
Business |
Virtual Inspiration |
Bowling Alley |
Part of the fun of bowling is participating in a league and competing against other leagues. Keep up the spirit of the fun and engagement with the following:
Revenue stream opportunities:
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Gym |
The virtual fitness industry has been enjoying a steady incline for years, but your local gym has something these giant companies don’t have: familiarity and trust. Help your members stay healthy with the following:
Revenue stream opportunities:
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Restaurant & Food |
If you are in the food services industry, moving your ordering system online and implementing delivery as quickly as possible will be critical to your survival. Making sure you are top of mind with clients can help you stand apart. Here are some ideas:
Revenue stream opportunities:
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Salon & Spas |
Your clients have been coming to you for years because they trust you with their various beauty needs. Suddenly they are stuck in an isolated do-it-yourself world. (It’s about to get ugly out there people, but YOU can help them during this in-between state. Here’s how you can make the world a little more beautiful and make some money!
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Museum & Art Galleries |
Museums around the world offer virtual exhibitions. This is the perfect time for your local art gallery to engage with residents who are reporting increased levels of boredom.
Revenue stream opportunities:
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Sports Team |
Reports already suggest that the Coronavirus may prove to be a virtual sports game-changer, but what does that mean for your local sports franchise and traditional live sports? Now is the time to engage with your team and your fans. Whether you are a local high school team or inter-varsity team, there’s an opportunity to help keep everyone engaged during this challenging time. Here are some fun ideas:
Revenue stream opportunities:
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At InspireHUB, we’ve created a Digital Rescue Kit to help with the above. Whether you work with us or someone else here are some things for you to consider.
Do they have experience?
It sounds obvious but be sure to visit their customer testimonials. Also, don’t be afraid to ask about speaking directly with one of their existing customers. If they provide superior customer experience, then they should be able to provide you with a list of happy customers who would be delighted to tell you about what they have encountered.