Cymru Marketing Journal - (CMJUK) - Online Business Journal & Digital Marketing Agency. Business News, Directory, SEO, Social Media Management, Advertising, Reviews, Forum, Market Research, Content Writing & Website Design. Thinking Local, Acting Global.
Racecourse Sport Marketing (racecoursesport.com) Marketing
The racecourse sports industry is a fascinating and dynamic sector that combines the thrill of sport with the excitement of gambling. Horse racing is the primary event in this industry, and it is one of the oldest and most popular forms of organized sports in the world. Horse racing has a rich history that dates back to ancient times and has been a favorite pastime of royalty and commoners alike. Today, the industry has evolved to become a global enterprise that generates billions of dollars in revenue each year.
Horse racing is a unique sport because it relies heavily on the animals themselves. The horses are bred, trained, and cared for by skilled professionals, who work tirelessly to ensure that they are healthy and in top form for racing. This aspect of the sport has led to the creation of a robust industry that includes breeders, trainers, jockeys, and veterinarians, among others.
The racecourse sports industry is also notable for its use of technology. In recent years, advancements in technology have revolutionized the industry, enabling race organizers to improve the quality of races and enhance the overall fan experience. From high-tech starting gates and timing systems to sophisticated betting platforms and live-streaming services, technology has transformed the way people engage with horse racing.
One of the key drivers of the racecourse sports industry is gambling. Betting on horse races is a popular pastime in many countries, and it is estimated that the global gambling market for horse racing exceeds $100 billion. Betting on races adds an extra layer of excitement to the sport, and it also provides a significant source of revenue for the industry. In addition to traditional betting methods, such as on-track wagering and off-track betting, many online betting platforms now offer a wide range of options for fans to place their bets.
Another important aspect of the racecourse sports industry is the social and cultural experience. Horse racing has long been associated with high society and glamour, and many people attend races not just for the sport but also for the social scene. Racecourses often feature fine dining options, live music, and other entertainment to make the experience more enjoyable for fans.
Despite its many successes, the racecourse sports industry also faces several challenges. One of the biggest challenges is the welfare of the horses. Critics of the industry have raised concerns about the treatment of horses and the high rate of injuries and fatalities in the sport. To address these concerns, many race organizers have implemented new safety measures, including stricter drug testing, improved veterinary care, and changes to racecourse design.
The racecourse sports industry is a complex and dynamic sector that has evolved significantly over the years. While it faces challenges, such as concerns about the welfare of horses, it also offers unique opportunities for those who are passionate about sports, technology, and gambling. With continued innovation and a commitment to safety and welfare, the industry is poised to remain a major force in the global sports landscape for years to come.
How the domain name www.racecoursesport.com could benefit a business and their marketing strategy
A domain name is a crucial element of any business’s online presence. It serves as the address where customers can find your website and engage with your brand. In the case of Racecourse Sport, the domain name www.racecoursesport.com can be a powerful asset for their business and marketing strategy. In this article, we will discuss how this domain name can benefit Racecourse Sport’s business and marketing efforts.
Easy to remember and type: The domain name www.racecoursesport.com is short, easy to remember, and easy to type. This means that potential customers are more likely to remember the website’s address and type it directly into their web browser. This can lead to increased traffic to the website, which can translate into more leads, conversions, and sales.
Search Engine Optimization (SEO): The domain name www.racecoursesport.com contains relevant keywords, such as “racecourse” and “sport,” which can improve the website’s search engine ranking. This means that the website will appear higher in search engine results when users search for sports-related keywords, increasing the website’s visibility and attracting more organic traffic.
Branding: The domain name www.racecoursesport.com is an excellent branding opportunity for Racecourse Sport. It reflects the company’s focus on sports, particularly horse racing, and creates a memorable and recognizable brand identity. It can also help differentiate Racecourse Sport from its competitors and establish the website as a reliable source of sports-related content.
Credibility: A domain name that is relevant to the business can enhance its credibility and legitimacy. The domain name www.racecoursesport.com indicates that the website is dedicated to sports, particularly horse racing, and positions Racecourse Sport as an authority in the field. This can help build trust with customers, establish the website’s reputation, and increase the likelihood of repeat visits and referrals.
Marketing campaigns: The domain name www.racecoursesport.com can be used in marketing campaigns to promote Racecourse Sport’s products and services. For example, it can be included in social media posts, email marketing campaigns, and online advertisements, creating a consistent and cohesive brand identity across multiple channels.
Conclusion
The domain name www.racecoursesport.com can be a powerful asset for Racecourse Sport’s business and marketing strategy. It is easy to remember and type contains relevant keywords for SEO, creates a memorable brand identity, enhances credibility, and can be used in marketing campaigns. By leveraging the benefits of this domain name, Racecourse Sport can attract more customers, increase brand awareness, and grow its business.
We are marketing this niche and domain name. We can write content relating to these keywords and market and advertise on our sites as well through our network of connections. This domain is already generating traffic.
Further Reading
HORSE RACING DOMAIN NAMES | UK DOMAIN BROKERS, WEBSITE DEVELOPMENT & MARKETING (ukwebsitedesigners.co.uk)
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Football Sport (www.footballsport.co.uk) Marketing
Football, also known as soccer in some parts of the world, is one of the most popular sports in the world. The United Kingdom, and particularly England, is known for its love of football and its deep roots in the sport’s history. Football has a significant impact on the UK’s economy, society, and culture, with millions of fans watching games and supporting their local teams.
The football industry in the UK is a multi-billion pound industry that includes professional football clubs, stadiums, broadcasting rights, merchandise, and more. According to the 2019 Deloitte Football Money League report, the top 20 European football clubs generated a combined revenue of €9.3 billion, with six of these clubs being from the UK. The UK’s most valuable football club, Manchester United, had revenue of £627.1 million in 2019, making it the third-highest-earning club in the world.
Football clubs in the UK are divided into four tiers, with the Premier League being the highest level. The Premier League is considered to be one of the most competitive and lucrative football leagues in the world, attracting top players and managers from around the globe. The league’s television rights are also highly sought after, with the Premier League’s broadcasting deals generating billions of pounds in revenue each year.
The UK’s football industry also has a significant impact on employment. The football industry provides jobs in a range of fields, including coaching, management, media, and hospitality. According to a report by Oxford Economics, the football industry supports more than 100,000 jobs and contributes over £7 billion to the UK’s economy each year.
Football is also an integral part of the UK’s culture and society. It brings people together and fosters a sense of community and pride. Football matches are often seen as a social event, with fans gathering to watch games and support their local teams. Football also plays an important role in promoting diversity and inclusion, with many clubs and organizations working to create more opportunities for underrepresented groups.
Despite its many positive aspects, the football industry in the UK also faces its share of challenges. One major issue is the rising cost of attending matches, which can make it difficult for fans to support their teams in person. The football industry also faces criticism for its lack of diversity and representation, particularly in leadership positions.
The football industry in the UK is a vital part of the country’s economy, culture, and society. Football clubs, stadiums, and broadcasting rights generate billions of pounds in revenue each year, while also providing employment opportunities and promoting community and diversity. While the industry faces its share of challenges, its continued popularity and influence make it an essential part of the UK’s identity.
How the domain name www.footballsport.co.uk can help a business with their marketing strategy
Choosing the right domain name is an important part of establishing a business’s online presence. It is crucial for businesses to choose a domain name that reflects their brand and resonates with their target audience. One such domain name that can help businesses with their marketing strategy is www.footballsport.co.uk.
Football is a popular sport worldwide and has a massive fan following. By incorporating “football” into the domain name, the business can attract a vast audience that shares a common interest in the sport. The domain name creates an instant connection with the audience and helps build a sense of community around the brand.
The “.co.uk” extension of the domain name suggests that the business is based in the UK. This can be a significant advantage for businesses that operate in the UK or target the UK market. A domain name that is country-specific can help businesses establish trust and credibility with their target audience.
Moreover, the domain name “www.footballsport.co.uk” is concise, easy to remember, and brandable. It is essential for businesses to choose a domain name that is easy to recall and type. A complicated domain name can create confusion among the audience and negatively impact the brand’s image. A brandable domain name is unique, memorable, and catchy. It helps businesses differentiate themselves from their competitors and create a strong brand identity.
Furthermore, the domain name “www.footballsport.co.uk” can be used to optimize the business’s search engine ranking. Search engine optimization (SEO) is a crucial aspect of online marketing, and the domain name plays a vital role in SEO. A domain name that includes relevant keywords can help businesses rank higher in search engine results pages (SERPs) for relevant search terms. The domain name “www.footballsport.co.uk” includes the keyword “football,” which can help the business rank higher in SERPs for football-related search terms.
Conclusion
The domain name “www.footballsport.co.uk” can be a valuable asset to businesses that operate in the football industry or target the football-loving audience. It is concise, brandable, and includes relevant keywords that can help businesses establish a strong online presence, build a community around their brand, and optimize their search engine ranking. Therefore, businesses looking to develop a robust online marketing strategy must consider the domain name they choose, and “www.footballsport.co.uk” is an excellent choice for businesses looking to capitalize on the popularity of football and the UK market.
We have started marketing the domain name and we can include content writing, marketing, and SEO in the package to get indexed and ranked. There is more to this offer, than just the sale of a domain name.
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How the editor of Cymru Marketing Journal can write articles for Businesses.
As the editor of the Cymru Marketing Journal, one of your main responsibilities is to produce high-quality articles that will help businesses improve their marketing strategies. Writing articles that are informative, engaging, and relevant to your target audience can be a challenging task, but with the right approach, you can create content that will add value to your readers and position your publication as a trusted source of information. Here are some tips on how you can write articles for businesses:
Identify your audience
Before writing, it’s essential to identify your audience. Who are you writing for? What are their interests, pain points, and goals? Businesses in different industries have unique needs and challenges, so understanding your readers’ specific needs and interests is critical. Conduct research, surveys, and interviews to get insights into your audience’s needs and preferences.
Choose relevant topics
Once you’ve identified your audience, it’s time to choose topics that will resonate with them. Look for subjects that are timely, and relevant, and offer practical advice or insights that your readers can apply to their businesses. Consider the latest trends, industry news, best practices, case studies, and success stories.
Research thoroughly
Thorough research is the foundation of any good article. Use credible sources such as academic journals, industry publications, and expert blogs to gather information and insights that support your article’s key points. Be sure to fact-check your information and cite your sources.
Write clear and concise content
Businesses are busy, and they don’t have time to read long-winded articles. Write in a clear, concise, and easy-to-understand style. Use simple language, avoid jargon, and break down complex concepts into bite-sized pieces. Use headings, subheadings, and bullet points to make your content easy to skim.
Provide actionable insights
Businesses want actionable insights that they can apply to their own marketing strategies. Provide practical advice, tips, and recommendations that your readers can put into action. Use real-world examples and case studies to illustrate your points.
Use visuals
Visuals such as images, infographics, and charts can help to break up text-heavy content and make your article more engaging. Use visuals that are relevant to your topic and add value to your readers.
Edit and proofread
Before publishing your article, be sure to edit and proofread thoroughly. Check for grammar and spelling errors, sentence structure, and overall readability. Use tools such as Grammarly or Hemingway to help you identify areas for improvement.
Conclusion
Writing articles for businesses can be challenging, but by following these tips, you can produce content that is informative, engaging, and relevant to your readers. Keep in mind that businesses want actionable insights that they can apply to their marketing strategies, so provide practical advice, use real-world examples, and make your content easy to understand. With these tips, you can create articles that add value to your readers and position your publication as a go-to source of information for businesses.
Horse Racing Betting Industry Marketing Strategies To Help Get More Punters.
Horse Racing has been deemed as a sport for the wealthy with millionaires, billionaires, and Royalty making a flutter or two but also investing in thoroughbred breeding, racing their horses on events like Ascot, Aintree to name a few.
However, it is also well known that it is also a popular sport amongst middle-aged people. For the younger generation, horse racing is a dying sport among Millenials, according to a sports analyst. Millennials are more interested in making bets on football and other sports.
It has been noticed that attendance has decreased over the years on race day and the customer base is aging. Horse racing has always attracted a mature crowd and is now seeking a younger and broader audience.
The future of the racing industry will increasingly depend on turning Millenials into customers. To market the future for the game, the next generation of race-goers must be educated to enjoy the horse racing experience in a fun and easy to understand way and this will be done is through mobile apps and e-gaming sites.
Digital marketing in the horse racing betting industry is an effective Millennial strategy. Where marketing has different resources, the best way is to expand the SEO link wheel and secure online global positioning. This could mean setting up websites/apps for targeted audiences in different GEO locations using exact match searchable keywords and keyphrases.
Millennials, the new generation of horse racing enthusiasts are young, tech-savvy, and exposed to a wide variety of digital options. They have limited race experience and basic knowledge and understanding of handicapping
Mobile Apps and e-gaming sites will help to entice the younger audience, through advertising and marketing, enabling and encouraging new and current race-goers to share the thrills of horse racing with friends and family will make the strategy effective.
Sites that have forums with a large follower base in the horse racing betting industry help to spread awareness of the business, brand, as well as social media groups and pages. Marketing Agencies should help the business and brand build a large network of followers using similar strategies as below:
Secure all the horse racing domain names to dominate the worldwide market.
Build an App, perform SEO and marketing.
Build an online gaming website, perform SEO and Marketing.
Join Social Media Groups and Pages and start interacting.
Build your own forum and get horse racing enthusiasts to network.
Spread awareness, start a podcast, talk about your company, conduct interviews with people that are making the news in the same industry as you.
Connect with influencers or start your own Vlog and set up your own YouTube Channel.
Consider Video Marketing, design your own videos or hire an agency.
Start a Blog and write regular content. Do make sure the domain name has the exact match searchable keywords and keyphrases.
Get backlinks.
Get Like for Likes on social media groups and pages.
Guest blog on other blogs or comment on their articles.
Network with other businesses, LinkedIn is a good place to start and if you have networking events in your area consider going to one or two and start making acquaintances. Rubbing shoulders with other business owners helps to spread awareness.
Make use of all your social media platforms. Create business pages and join groups and like, comment and share your blog posts and interact with other business owners, don’t forget to use hashtags.
Join Business Forums and interact.
Set up a (chat) on your website and blogs so that you can interact with your visitors (www.talk.to is free). Remember to have the chat bot on during office hours.
Share Banner Ads on Social Media, Platforms, Pages and Groups(if permitted, please read terms and conditions of website policies first).
Advertise in Business Directories (if permitted, please read terms and conditions of website policies first).
Advertise on Classified Ads (if permitted, please read terms and conditions of website policies first ).
Interact with local communities, some have websites (Quora, Reddit) aswell as Facebook groups that focus about news articles in your industry.
Offer to advertise other peoples businesses, products and service on your site. This creates backlinks.
They say the money is in the list, set up a newsletter and send out information to your contacts. Offer incentives to get people to sign up to your newsletters.
Pay people to advertise your business through companies such as ‘Clickbank’ ‘Rakuten Linkshare’, ‘Shareasale’.
Write an ebook that you can offer your customers in exchange for their email.
Set up an events such as a conference, auction, or networing seminar.
Sponsor an event, this could mean you may have to either pay/donate or offer your services for free. This will give exposure to your company and your brand.
Partner with a similar businesses, offer your products and services at a discounted price and ask them to do the same in exchange.
Public Relations – make an announcement on PR Agency websites where journalist can write about you.
Create a Google Business Page and update regularly just like you would a blog (Read Google Terms about advertising gambling sites).
Set up a contest/competition.
Offer Discounts and Incentives to all you current and prospective clients.
Upsell to your existing clients.
Offer Free Trials and Demos.
Wear your insignia and get your employees to wear branded apparel.
Send out compimetary useful merchandise with your company logo, website and telephone number.
Ask for referrals, offer you clients incentives that if they refer you, you will give them something in return, it could be a product, service or discount.
Get your family and friends to spread the word.
Consider leaflet drops to businesses or homes depending on the industry you are in (Please check out the legalities before spending money printing).
Sell a course online to educate people in your industry.
Sell merchandise with your company name.
Set up a Wikipedia page.
Set up a Crunchbase profile.
Pitch your business to angel investors, private equity firms to raise funding and spread awareness. Angel investors may put you in touch with some of their contacts if they think your business is viable, in exchange for a commission on every introduction.
Set up a squeeze page using click funnels to your offer (Read Google advertising gambling terms before proceeding)..
Consider advertising your busness on other sites (rate card advertising prices will apply).
Start following people and businesses in your niche on Instagram and interact with their posts.
Newspaper Ads (Terms & Conditions Permitting).
Editorial Publication Ad Campaign (Terms & Conditions Permitting).
Guerilla Marketing, do something outlandish but first get permission from the local council and the police.
Promotional giveaways, you can do this digitally or can set up a physical stall, you can giveaway products and services (do get permission first if you plan to do it in a public place or read the advertising policies about gambling sites on search engines).
Make the most of trade shows by either networking or setting up a stand an expo.
Billboard advertising is another way to attract business, such as bus stops and on sides of buildings (Research if this is possible as some counties may not permit this type of advertising).
Advertise on Publish Transport on the side of buses and taxis (Research if this is possible as some counties may not permit this type of advertising)..
Send your products and services to influencers and celebrities and ask them to endorse your brand.
Advertise your business on Black Cabs if you are in the UK and Yellow Cabs in the States(Research if this is possible as some counties may not permit this type of advertising). .
TV & Radio Advertising (Research if this is possible as some counties may not permit this type of advertising). .
Help non profit organisations by donating or marketing, either way the charities will advertise you.
Go physically into businesses that are in the same niche as yours, stables is a good place to start.
Contact horse breeders.
Contact horse syndicates to see if they will partner with you.
Ask businesses if they would like free exposure to their products and services and display, their merchandise in your establishment, moreover they may also do the same for you.
Go to cafes and grocery stores where they have message boards and display your information, or if you are more high end, visit hospitality venues and advertise your products and services there (Research if this is possible as some counties may not permit this type of advertising). Give them incentives to market your business such as an exclusive discount and mention their name in the print.
Start a directory of businesses in your niche and offer both free and paid listings. When constructing the directory contact each business owner and tell them they have a free listing. This will give you the opportunity to explain who you are and offer them more exposure with more prominent paid advertising. Instead of waiting for the mountain to come to Mohammed, get Mohammed to go to the mountain.
Young punters embrace online and mobile app platforms. Horse racing betting is being driven by the convenience of mobile devices today. Addiction to mobile devices is a regular component of the modern marketing era.
Horse racing sites should focus their attention on mobile betting platforms and expect more than 50% of their revenues to come from mobile channels. Online betting is influenced by user experience, quality of the game, and regular discounts.
Within the horse betting market, most of the search volumes come from the following exact match searchable keywords and keyphrases and domain names: www.horse.racing, www.name-of-country-horse.racing, betting, online betting, betting site, betting online, free bets, betting websites, and online betting sites. Online betting sites must be optimized for these keyphrases.
Innovative digital marketing and return on investment from online platforms can be achieved by using the right technology. After educating the Millenials about every aspect of the horse racing experience, marketing agencies must encourage them to share the thrills with the new digital tools.
The type of content typically is posted on social media accounts includes sports news, betting insights, predictions, updates on live games, betting odds and tips, post-match reviews, and other interesting stories.
Racecourse digital marketing should be maintained by targeting key customers segments such as horse lovers, punters, social media influencers, tourists, and corporates in the GEO locations. However, to dominate the market marketers need to build SEO link wheels and target audiences by the country of origin. The more countries they target the bigger their network will become and the lucky company will have World Domination.
Marketing agencies can use their social media pages to entice customers by sharing stories, photos, and videos of fans, horses, jockeys, celebrities, and events. It can also be used to provide educational information, promotion, contest, and rewards. Post interesting content regularly to keep fans and followers aware and engaged.
Microblogging and video blogging have the potential to rank well in organic search engines mainly because of the power of YouTube. It is a good idea to set up your own Horse Racing Betting Channel and post horse racing videos. You can also consider a blog (the domain name/blogwww.racecoursesport.comis for sale) to attract current fans, new race-goers who would benefit from the educational content. Daily blog visits are a great website traffic driver. Creating consistent good content, newsworthy articles on a regular basis can increase web traffic and web conversion. If you struggling to get content do consider RSS Feeds or hire a content writer. Most marketing agencies offer this service to write blog posts on a regular basis. A blog can also serve as content for social media posts as well as a teaser for an email marketing campaign.
Digital marketing in the horse racing betting industry must be aimed at the younger generation at the acquisition of new customers, retention of current users, winning back of past customers, increasing the number of website traffic, and increasing conversion rate.
Digital marketing strategies are important not only to attract a high volume of web traffic but to convert visitors into paying customers (punters). There is a big opportunity for marketers to target effective solutions and optimize the results offered by digital media.
World’s largest horse racing domain names and licenses for sale.
Please click the link below!
If you have any questions or wish to discuss the portfolio of domain names in the above link and horse racing licenses please contact us using the form below:
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SELLING PRICE – $2.5 Million USD* NON NEGOTIABLE *ESCROW.COM Buyer to pay fee
Sports media is a $44.6B market and set to be $78.5B by 2021 *Annex 1 Esports a $1.8T market by 2026 *Annex 2 Online Gambling a $74B market and set to be $565B by 2022* Annex 3 Horse Racing is a $139B market* Annex 4
The global Esports market size is projected to reach USD 1860.2 Million by 2026, from USD 691.6 Million in 2019, at a CAGR of 15.1% during the forecast period 2021-2026. … While esports may have once stood for a subset of sporting culture, it has become a complete industry in its own right with the current developments.
The Sports Media industry is $44.6B of which $22B is from the USA alone. As per PWC, it will hit $78.5B in 2021.
MacauHorse.Racing Horse racing is one of the world’s Top 5 sporting events, and #2 in many countries, including the United Kingdom and India, the world’s 2nd most populous country with 1.3 billion citizens. Horse Betting is a $139 Billion Dollar Market. The Horse .Racing monopoly connects to over 100 million horse racing betters in Asia, the Middle East, Europe, North America, and beyond.
Horse Race Betting was a $100 billion dollar market in 2015.
Horse Race Betting is poised to reach $139 billion by 2024.
ShanghaiHorse.Racing
SingaporeHorse.Racing
TaipeiHorse.Racing MENA: (Bundle $500,000)
DubaiHorse.Racing
QatarHorse.Racing
DohaHorse.Racing
SaudiArabiaHorse.Racing
AbuDhabiHorse.Racing Rest of the World: (Bundle $500,000)
4Bet.Online *4bet.com & Bet.Online for sale $1M each
5Bet.Online
8bet.Online
13Bet.online to 19Bet.Online *Will sell all for $125,000
BettingOnline.Club – *.BettingOnline.com & Betting.Online are both for sale for $1.250M &$1.450M each on Name.com
TheBetting.Shop– Huge brand name for any betting shop (Minimum 6 figures USD
UsHorse.Racing *Premium
JapaneseHorse.Racing
TokyoHorse.Racing
CanadianHorse.Racing
ItalyHorse.Racing
IranHorse.Racing
IrelandHorse.Racing *Premium
World’s Most Expensive Sports Networks.
1. ESPN $6.61 x 94.5 million homes = $7.5 billion
2. NFL Network $1.31 x 73.6 million homes = $1.16 billion
3. FS1 .99 x 91.2 million homes = $1.08 billion
4. ESPN2 .83 x 94.5 million hiomes = $941.2 million
5. SEC Network .66 x 69.1 million homes = $547.3 million
6. Golf Channel .35 x 79.4 million homes = $332.2 million
7. NBC Sports Network .30 x 83.1 million homes = $299 million
8. Big Ten Network .39 x 62 million homes = $290.2 million
9. MLB Network .26 x 71.3 million homes = $222.5 million
10. FS2 .28 x 64 million homes = $215 million
11. NBA TV .29 x 57.2 million homes = $199 million
12. ESPNU .22 x 74.9 million homes = $198 million
13. CBS Sports Network .26 x 61 million homes = $190.3 million
14. NHL Network .32 x 37.4 million homes = $143.6 million
15. Pac 12 Network .39 x 12.3 million homes = $57.6 million
(FYI, these revenues are based on year-end 2015 numbers. Per SNL Kagan if you average out the year then the number of average subscribers in 2015 are somewhat lower: NFL Network 73 million, FS1 88.2 million, SEC Network 66 million, Big Ten 61.1 million, NBC 82.3 million, CBS Sports Network 58 million, FS2 54.3 million, MLB 70.8 million, NHL Network 37 million).
I wrote a while back about these domain names and I am pleased to be able to showcase these domain names again with the view of finding an investor that can acquire the complete network of domain names and syndicate proposals. To view the previous post please click the link here.
These domains will also be listed on www.racecoursesport.com This site is independent of the horse racing domains listed and will eventually be a directory of racecourses from around the world, as well as a horse racing news hub.
An example of business isolation during lockdown may be a driving instructor, electrician, or a factory production company to just name just a few, so what do you do when you are on lockdown and in isolation how do you turn this around? You obviously do not want to lose your customers how do you generate more business and most importantly how do you survive and continue paying your staff that is the big question.
Firstly, the UK Government has grants and loans available that they are giving to businesses in need of help.
Secondly, defer production and explain to your customers situation, be transparent, and in order to secure business further down the line give incentives. I know you may be already finding finances hard but remember you have the business already established, you just need to postpone it for a little while and for new customers give them special offers so that you can secure their business.
Remember keep safe and don’t try to break the rules as you may lose your license or get fined, Sports Direct has already suffered public condemnation for needlessly trying to stay open and pubs who continue to trade in Lockins are liable to have their licenses taken off them.
Conduct daily morning meetings with your workers and give them motivation and inspiration to work. We can become very complacent in our own homes and have distractions that can easily send us astray. Workers need to stay focused and need to have daily tasks set for them with goals they need to achieve and report on.
When you have automatic recurring costs that you charge your customers, consider suspending the costs and giving them credit for future business. Work out your cash flow for the next few months and refrain from spending on unnecessary subscriptions and services, try to minimize your spending and evaluate your overheads as a whole and see where you can cut costs to the minimum. Discuss with your bank your situation and see if they can help you with extended loans or get government grants that can tide you over.
The government is bringing in new measures to assist small businesses, freelancers, and sole traders. Do keep up to speed on what assistance you are able to claim. If you have an accountant speak to them about any financial advice, they can give you, after all that’s what they are there for.
Secure your future:
Going back to the example of say driving instructors offer special offers like book your bulk 40 lessons now and get 6 -10 lessons free with lessons resuming in April for example. I am being optimistic the lockdown will be lifted in April.
Electricians can book your appointment now with work to be carried out in April with no call-out charge only if you use the code: covid19 and book now for example and the offer is only available for advanced bookings.
If you are a production company waive all charges in order to secure your business give incentives that is the key.
The public mindset will be altered over the next year or so, therefore you need to find ways to reassure your customers and give them a reason to use you. Marketing campaigns and advertising are going to be the main factors in order to generate new business. Consider what you need to do in order to drive business. LinkedIn is a good way to start advertising, but you need a lot of connections or know of someone that has a lot of connections. The alternative is to consider pay-per-click advertising such as Google AdWords, Facebook Ads, and LinkedIn Sponsor Ads.
Conclusion
***Stay positive. Every crisis eventually passes, position yourself for growth when it does.
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