Consumer Behavior Post Pandemic - Kanupriya Sindhu

Coping up with changed consumer behavior post-pandemic

Two consecutive calls with two close friends, who run small businesses of their own. They have very different product categories but are currently facing similar business challenges. 

How to revive their business post-pandemic.

It’s been more than a year since the pandemic forced many businesses to scale back operations. It hasn’t been easy for small businesses to sail through this phase. Business owners are struggling to recover. In fact, about 53% of small business owners don’t expect to return to pre-Covid operations for at least the next six months. 

Their struggle is for real. And they need to change. To adapt and pivot to the new market dynamics. But since they have invested so much in their existing system, somewhere they are hoping for the old business environment to be back. 

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The value of Brand in the time of uncertainty

A couple of weeks back, I was in urgent need of a moisturizer and everything was closed due to lockdown except for essential services. To add to that, I have relocated to a different country recently and I am hardly familiar with my surroundings yet. I went to a shop nearby that had slots allotted to us hoping I will find one of the known brands there. I had a few minutes to browse the store and pick up something before the slot was over. With most of the labels here being in either German or Hungarian, I generally rely on Google translator for help but even that was giving trouble due to flaky connection. I couldn’t spot any familiar product on the shelf. I kept on trying to read different product descriptions with the help of the translator until I spotted this:

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Business lessons from the grassroots

Some of my recent consulting work gave me the opportunity to meet and interact with small business owners from different parts of the country, most of them actually from tier 3 cities and beyond. These are small business owners with a formal education level of either 12th or graduation, typically operating out of certain areas in their respective towns and are doing profitable businesses worth few crores every year.

Both the projects that I am consulting for are around digitization and these require me to have an in-depth understanding of how these businessmen operate and their respective selling philosophies.

To say that it was an enriching experience would be an understatement. While I have been closely associated with startup & entrepreneurship world for more than a decade now but the kind of insights you get when you meet these grassroots level entrepreneurs is unparalleled! 

No formal MBA degree, no entrepreneurship certification, yet a powerhouse of business wisdom and practical knowledge nuggets.

After meeting a few of them, I got so fascinated with their understanding of sales, marketing, customer relationship that I started taking notes :-).

Sharing some that I loved here translated into English. These are lessons that we know of, perhaps learned through books and repeat many a time during our conference room sessions, but listening to these from real doers in absolute rural language, was nothing less than fascinating :-).

Me: How do you always manage to sell higher ticket items? 

Him 1: I don’t jump to selling directly. I first work towards building my relationship with my customer and build the trust. People here value my suggestions and words, once that trust is established, it’s not difficult to sell anything. (One line verbatim: “madamlong term dhanda karna hai toh sabse zaroori hai grahak ka vishwaas jeetna”).

Winning customer’s trust is very important to do a sustainable business.

Me: You have created two very different type of leaflets for the same product, why? 

Him 2: Product is same but positioning matters. I customize my offering depending upon who is buying from me (One line verbatim: “jo vigyapan aapke aankh ko jachega wo zaroori nahi ki mujhe bhi jachegajisko jo jacheusko wo dikhao sabse pehle”).

Segmentation matters and so does contextual targeting!

Me: Commuting to your place isn’t easy, yet people come to you for the repeat purchase. Why?

Him 3: I first start with understanding the general lifestyle and need of my customer. Instead of selling my product, I try to provide a solution to their needs. (One line verbatim: “itna competition hai market main, sabse peel aap decide karo aapka grahak aapse hi “kyun” khareedega. Ye “kyun” bah zaroori hai madam”).

Start with a “why”, why will someone buy from you?

Me: You have changed the corporate brochure, but that’s not allowed. Was it because you wanted it in the local language?

Him 4: Who cares for the features explained in a brochure unless it doesn’t communicate the benefits? Instead of saying good things about the product, I say how it can benefit you or add value to your life (One line verbatim: Kiske paas time hai aajkal itna padhne ki, kisi ko kya padi hai ki humara product kitna mahaan hai, agar aap grahak ko ye samjha do ki humara product uski zindagi ko kaise asaan ya behtar kar sakta hai toh wo jhat se le leta hai”.

Keep it simple and focus on benefits more than the features.

And my most favorite one 🙂

Me: You started working for the first time at the age of 48 and now I can see you’ve employed only women at this place. Wow, how did you convince them to come out of their homes?

Her: It’s easy, I didn’t convince them about working, I just showed them the change in my lifestyle. I am the first woman in this area to have my own Alto :-). In our area, when men work, its for food & shelter but when women also start to earn, it leads to a better lifestyle (One line verbatim: khana, ghar toh aadmi log la ke de dete hai, lekin apni marzi ka saree, ye selfie wala mobile phone ke liye apna income bahut zaroori hai”).

The lifestyle and prosperity of a family grow when a woman starts earning.

Aren’t these insights amazing? I so wish, I had recorded these responses and shared with you all. Would have been a gem of a podcast coming straight from the doers of Bharat :-). 

Competition or Customers

Competition or Customers — Where do you spend your time more?

How I wish that organizations especially the ones starting up, spend at least half their time and resources in understanding their customers as much they spend in tracking their competitors. It’s amazing to see presentations after presentations detailing out the competition strategy but a very fuzzy or macro view of — who are we trying to sell to?

There is nothing wrong with being competition focussed, in fact it’s good to keep a close watch on competition but when you have limited resources and you’re trying to launch something new, it’s very important to understand where and how to spend your resources judiciously.

My recent interaction with two different businesses left me thinking more on this. One is a mid size company, been into business for few years, now venturing into a new category and the second one is a new entity altogether. Both have lean marketing teams to work on the launch and the maximum effort that both have spent as part of their market study is tracking the competition strategy. Details of their campaigns, social media initiatives, promotions — everything has been tracked and well documented. And both these companies are aiming at one objective while drafting their launch offer — how to be better than the competition? Yes, the prime objective is to come out with offers more lucrative than their competitors. We don’t even know if customers are actually happy with those offers or for that matter if customers are looking for offers only or something else? For company one, the competition strategy actually maps almost every player even remotely associated with the category and the product is as such that it can be of use to consumers as well as SMBs. A detailed competition analysis like this would have been actually a good thing if the team wouldn’t have been trying to focus on coming out with an offer that can be attractive to all segments. One can not have a paint-everyone-with-the- same-brush approach especially when launching a new category.

If we will be only competition focussed, we will at best be better than our competition but not necessarily the best choice for our customers. Deciding the focal point of any marketing plan is extremely important and it has to start with — understanding our customers.

The more granular we go into understanding our customer, the better we would be at connecting with her.Read More

When you understand your customers…

…You come out with campaigns like Amazon!

Yesterday I received some 60+ messages on Independence Day promotion! And I am not even counting the emailers and notifications. These were just SMSes that I received despite my number being registered under DND! Yet the only campaign that I remember or that enticed me to browse more was of Amazon India.

A global brand implementing such a fantastic local campaign, isn’t it amazing? No “Patriotic Discount” or “Up to 71% Off”, no “Freedom From Shipping” or “Freedom Of Shopping”, yet a campaign that grabbed many eyeballs and love from all.


So what worked for this campaign? The answer is very simple and something that we all know of but do not necessarily implement:

Context

Connect

Commerce

Customer

The campaign was quite contextual, delivering the right message to the right audience at the right time and had a very local touch to it.Read More

Image from Pinterest

The persuasive power of visual storytelling

Visual storytelling works — from brands to babies. It has always worked for almost any kind of audience since ages but in this age of digital excess, it’s working like never before. Having spent good number of years in photography and digital industry, I can safely say that from communicating to comprehending, visuals have now become the prime language for many.

My personal litmus test for the power of visual storytelling? My 5 year old :-). 3 scenarios that are regular in my household-

I narrate a story to him;

I narrate a story to him and show him the pictures;

I narrate a story to him, show him the pictures and then let him play with his book asking to observe the pictures for few seconds;

Without fail, connect as well as recall of the stories are highest in the third scenario.

Ah that’s why I say, no one can teach you management or consumer behavior lessons better than children, I think most of the parents out here will agree to this 🙂.

Still need some attestations on the power of visuals?Read More

Pinterest, love you but now craving for more :)

In this bed-ridden phase since last two months, I have been trying to divert my mind to things that I used to love to do but haven’t been able to pursue due to paucity of time. And one such long lost love for me was— painting. There was a time when I was very passionate about colors and canvases, have tried to experiment with different forms of art on my own, always wished to learn it properly but like many other things in life, this one also never moved up in my priority list of to-dos ever.

This time, I thought to bring this passion back to life, at least till I don’t go back to the same old routine of work and child and home and etc. etc. etc. Though physically it’s very difficult for me to try painting these days but resource wise it’s just so easier and simpler. Thanks to technology, learning anything new is possible anytime, anywhere with tonnes of ideas and inspiration available all over internet.

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It’s all about photos

Photo Credit — https://unsplash.com/@jaywennington

Out of all the work experience that I have, almost half of it has been into photography industry now — a category that has really exploded in last decade, a category in which you literally have to be on your toes in case you want to make a mark, a category that has gone through unimagined consumer behavior changes at an unimagined pace. We all are clicking, clicking all the time, clicking anything & everything!

My work also involves meeting photographers and consumers who are looking to hire photographers on a regular basis and at times the kind of insights that I get by just observing or casually interacting with them is mind blowing.

The trend of getting life events photographed or preserving our unique moments as photographs has been existing since centuries but there is something now because of which photographs and photography are as much part of our lives as food and sleep.

Thanks to social media, it will be safe to say that now we humans literally eat, breathe and live our lives through photos. This is something that we all know of but at times certain incidences just make this realization starker!Read More

Why This Mobile App Only?

Exactly how any apps do you think a consumer can have on her mobile? And how many apps do you think a consumer really needs on a regular basis? Yes, I do understand that amount of data a brand can access if the user has installed its app is phenomenal and that a brand gets to provide more focused experience to users through apps. But are these reasons enough for you to force install your app to consumers? Are those installs sustainable?

My views as a consumer on this latest app-only fetish at – Medium