March 9, 2021
Crisis Marketing
We have been living off relationship capital earned from before the pandemic. This should raise alarm bells for any salesperson or brand that is dependent on personal relationships.
Could you imagine how difficult this past year would have been without Zoom, Microsoft Teams, and Google Meet? These tools are a godsend. They’ve helped us connect, communicate, and collaborate when the world is locked down. But they come with a cost, especially when contrasted with face-to-face communication. Zoom is consuming relationship capital.
You can feel the toll physically. We call it “Zoom fatigue.”
There are a number of physiological reasons why back-to-back Zoom meetings are so exhausting:
You can feel the toll of Zoom meetings at the end of the day: your neck and shoulders are stiff, your brain is fuzzy, and you are mentally and physically exhausted. But we do it because we have no other choice.
The challenge is Zoom meetings are not building relationships, they are consuming them. The energy we gain from face-to-face meetings, luncheons, and events cannot be replaced with Zoom, Microsoft Teams, or any other video conferencing platform.
As a result, we can see the impact in B2B companies’ sales funnels. Sales are coming from existing customers and relationships, while acquiring new customers (new logos to add to your website or portfolio) is at an all-time low.
I call this phenomenon, “No new logos.” Companies are generating sales by consuming existing relationships, but their brands lack the ability to generate and nurture new relationship capital to drive new business development.
This is triggering a new realization for many businesses: What if we never go back to the relationship building activities that drove sales?
Zoom may be consuming your relationships, but it’s here to stay. The new challenge is brand building so your customers know your brand, like it, and trust it — even if they don’t get to meet you in person.
If you’d like to discover how Sticky Branding can help you, let’s chat. Here’s a link to my calendar.
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