Coronavirus affecting handmade business? Our crisis plans 😢

The coronavirus Covid-19 crisis is affecting everyone worldwide. If you're a small, handmade business, how do you deal? What should you do? With all the uncertainty, city lockdowns and self quarantine, is now the time to sell your products or launch your business? Is the timing right, or should you wait? Should you stop promoting your shop all together? This special edition video of both Mei and husband Peter talks about all of this, their perspective on the future, what they're doing as a family for their multiple online businesses and what you can do to stay afloat throughout the pandemic.

⏰ TIMESTAMPS:

1:08 Intro to Mei & Peter (if you're new to this channel)
2:54 Effects on the economy; people losing jobs & shopping less
5:59 Do your research on news carefully
9:08 China supplies manufacturing, distribution disrupted
9:53 Craft shows, markets and live events

WHAT WE'RE DOING:
12:20 Slower sales
15:47 Stopping all marketing and paid ads
19:55 Fire your team (if you have one)
23:05 Cutting employee hours
26:13 Our outlook on the future
27:09 Cash runway

WHAT YOU CAN DO:
28:17 Business savings
29:08 Don't stop selling
30:27 How to not make sales weird or insensitive
31:21 Should you stock up on inventory/supplies?
33:20 Agility is worth money / Cash is king in small business
34:44 Personal health, hygiene, community, stress
35:38 Silver linings
36:37 Self care

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🎥 WATCH RELATED VIDEOS:
Etsy to Shopify Transition - Step by Step
https://youtu.be/JpMOZni7PVQ

Are You Really Ready To Quit Etsy? 7 Questions to Ask Yourself
https://youtu.be/i6Os9tCBGQ0

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CONNECT WITH ME:
🖥 Website: http://www.creativehiveco.com/
📷 Instagram: https://www.instagram.com/creativehiveco/
👤 Facebook: https://www.facebook.com/creativehiveco
✉️ Business Inquiries: mei@creativehiveco.com

#covid19 #handmadebusiness #coronavirus

Видео Coronavirus affecting handmade business? Our crisis plans 😢 канала Creative Hive