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It was back in 2017 that The Economist declared that the world's most valuable resource was no longer oil.
Data had overtaken it.
Of course, thanks to the pandemic, oil is currently much less valuable than it was three years ago, but there's absolutely no question about it that data has gone in the other direction.
Data is more powerful and more valuable than ever before, and its power is only increasing.
Like it or not, we're entering into a new era.
A new world. A new order of things.
The coronavirus crisis has changed pretty much everything in the short term.
But its effects will impact both the medium and long term.
It'll change the way we live.
With social distancing measures likely to be in place for a while, and plenty of time for people to acclimatise to doing more online, the way we buy stuff will change.
KBB retailers have approached this crisis in several different ways.
And for at least 50% of them, their 'plan' has been painfully obvious.
Retreat. Batten down the hatches. Conserve cash at all costs. Cut everything.
And while, for some, this might have been an essential plan for the past four weeks, it's a truly terrible plan for the next four months.
Just a few weeks ago, if youâd asked KBB retailers what their most important asset was, many of them would have been unequivocal in their answer:
âOur showroom. When we get people in there, they fall in love with our products and end up buying a kitchen.â
Fair enough. But what about right now?
The showroom is currently pretty redundant. (Although some smart retailers have managed to offer showroom visits online.) Something else has claimed the place as the most important asset.
The coronavirus crisis isn't over. Not by a long chalk.
But, based on what we're seeing, hearing and reading from the Government and the global press, what we do know is that light is beginning to develop at the end of the tunnel.
While the situation plateaus in the UK, some countries further on from us are starting to loosen their lockdown. This week, Denmark, Austria, Spain and even Italy are â to varying degrees - gradually starting to reopen 'non-essential' businesses and organisations.
Sure, it's likely to be May before non-essential businesses can start to reopen their doors here, and in an ideal world, you'd never have had to close your doors in the first place.
Itâs a strange thing, this âlockdownâ.
Yes, it feels odd and somewhat claustrophobic, but it doesnât half do wonders for productivity.
Iâve been getting a lot done around home over the past few weekends. Iâm already thinking that the Easter weekend is going to be my most productive DIY bank holiday of all time.
And the reason why is simple.
Things have changed drastically for many millions of people in recent days, and in some areas, things continue to get darker, with further impact on lives.
But you've been through a tunnel before, which means you know that it gets dark before it gets light.
Last week, we spoke about what independent KBB retailers need to do as they enter the tunnel; the foundations you need to put in place to see you through this period.
We're in the tunnel now, and we're likely to be for much of April.
Episode 8 of the KBB Review podcast with David Barker: how do you keep your name out there while your showrooms are closed?
KBBReview talks to David Barker from Inspire KBB â heâs a specialist in marketing for kitchen and bathroom specialists so heâs got a lot of insight into exactly what you need to be doing right now to set yourselves up for the next few weeks and beyond.
You can find host Andrew Davies on LinkedIn or email him at andrewdavies@taylistmedia.com.
Davidâs Deserted Kitchen Island Disc choice was Hi Ho Wolverhampton by Wolves Fans
If youâve ever read 7 Habits of Highly Effective People by the great Steven Covey, youâll know that Covey believes wholeheartedly in the importance of sharpening your saw.
He points out that if youâre cutting wood, and you never stop to sharpen the saw, your cutting will become less and less effective.
The metaphor for those of us in business is clear: if you never get out of the day-to-day and out of the four walls of your business, over time, youâll also become less effective.
The battle to thrive as an independent kitchen retailer is only becoming more intense.
One of the key contributing factors? The big boys.
The Nationals continue to play the discounting game and fling money around on marketing, infiltrating your prospectsâ minds and filling them with all sorts of preconceived ideas - some of which are pretty darn difficult to shake.
A couple of weeks back, I spoke about the importance of a strong online presence, and itâs something that we work on consistently for our business.
And the Google review posted on Sunday will certainly help with that.
It was from a very lovely lady called Joanne Hunt, Owner of Appleton Kitchens - a Pronorm dealership in South Manchester. Iâll leave it to her to tell you the storyâŠ
Iâve talked regularly about the fact that over the last two decades, Google has changed the game. So, I wonât rake over old ground â if youâre not getting found online, youâre missing out on countless opportunities.
I hope that you already recognise the value of Google (or âSearchâ) for your kitchen business, and youâre wondering how you can make even more of it.
If so, Iâve some valuable insight, so read on.
In this winterâs edition of Inspired, your kitchen marketing newsletter brought to you by Inspire KBB:
David Barker gives his insight into the foundation of Inspire KBBâs success, and itâs personal!
I donât know about you, but ever since the EU Referendum in June 2016, politics seems to have been unavoidable.
Turn on the TV, or open a newspaper, magazine or news app, and the coverage of Brexit, Parliament and the EU has been constant and consuming.
And not just in our personal lives: Brexit is a conversation that has come up time and time again in a business context.
No doubt youâre super busy right now, ensuring that the last of your 2019 clientsâ kitchens are ready to go for the onslaught thatâll take place during the festive period.
But, have you given a thought to what happens AFTER Christmas?
In my experience, the few weeks following Christmas and into January are some of the most vital in determining how busy youâll be in the early part of the next year. So, if youâve got nothing planned, keep reading.
You might know that one of my most trusted lieutenants is Charlotte Turnbull â sheâs our Project Management whizz, and she makes sure all the Inspire KBB cogs continue to turn.
When it comes to work, Charly doesnât leave an âiâ undotted or a âtâ uncrossed, but the other day she confessed to me that this isnât always the case at home.
Drop us an email. Weâll be delighted to help.