Essayer OR - Gratuit
HOW DAVID BEATS OUT GOLIATH
Entrepreneur US
|Startups - Spring 2024
Can mom-and-pop shops truly compete against big-box behemoths and e-commerce giants? Yes, experts say - but they have to think and act truly local.
Amazon, Walmart, and other big brands can do a lot of things: They can leverage their size to sell at very low prices. They can offer two-day, one-day, and sometimes even same-day delivery. And their return policies can be very flexible.
So how can a mom-and-pop shop compete with all that? Well...they can't.
But they also shouldn't try to.
"You can't 'out-tech' big business," says Jon Reily, an e-commerce expert and senior vice president at Bounteous, which creates digital experiences for brands. "But you sure can 'out-touch' them."
In an age of internet shopping and big-box consolidations, Reily says consumers are hungry for bespoke products and genuine connections--and that's not something big retailers do well. "I would actually argue that we're at the beginning of a 'golden age' for small and independent businesses," he says. "Big-box stores have found their niche for consumables and 'disposable' items, but they can't compete when it comes to specialty goods, craftsmanship, or services."
Cette histoire est tirée de l'édition Startups - Spring 2024 de Entrepreneur US.
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