When you go shopping, do you stick to the big chain stores or are you more of an independent retailer fan?
What’s more important – deals or knowledge?
I’m wondering your take on it after reading Arik Hanson’s recent blog post about his social media MBA. In it, Arik questioned whether professionals even need an MBA now in the current climes, or whether we learn all we need to know from everyone around us each day. It’s a great piece and well worth a read.
For what it’s worth, my take is that a MBA still holds great value – it shows commitment and determination to improve. Yet the same can also be said of getting involved and learning from those around you, and then using that to learn others.
Which is why I’d far prefer to be an independent retailer every time.
Stack ‘Em High, Sell ‘Em Cheap
Years ago I worked in retail on both sides. I started out working for an electrical goods chain store, then moved onto a smaller local one. Both jobs were great (at least for me), because they satisfied the tech geek in me. Surrounded by home theater kits and massive TV’s? Sign me up!
But as much as I loved working at the big chain store, it never felt fulfilling. We weren’t encouraged to be ourselves. We had to pretty much stick to a sales script and only if we were lucky could we occasionally offer our own take.
Same went for special promotions. If a brand was paying to be highlighted that month, you had to sell toward that brand, even if another product was clearly the better one for the customer. It was snake oil salesmen tactics at their worst.
Jump to the little store, however, and the difference was palpable. You actually talked with your customers; asked what they wanted; offered your advice; agreed on essentials versus luxuries; and built an understanding.
Most of all, you were talking as if you were the customer.
No BS; no sales crap; no false advertising. Just simple customer-to-customer selling. And it worked. And continues to do so today.
Think about it. When you last went to a record store, or DVD store, or video games store that belonged to a chain, did you come away with just a purchase or a transaction? Because there is a difference.
Did you feel that you had bought your purchase yourself, or had bought it because it was sold to you? And I don’t mean because the salesperson picked it up and showed you what was on sale; I mean it was really sold to you.
The Indie Effect
From my experiences, independent retailers score every time over the chain stores. Sure, you get the occasional bright spark at a major retailer who lets their passion shine through. But generally, it’s just a job to them.
Indie retailers, on the other hand, love what they’re doing. They live the atmosphere that the small store brings. They know customers by name. They know the difference between Product A and Product B because they use it and learn about it, and not because they’ve read some manufacturer spiel. Then they pass that learning on.
Sure, the major stores might get the big deals from the manufacturers, but as the collapse of some of the big brands in business show, it’s not always about the best deals. At least, not price-wise.
Instead, a lot of the success is coming from the little independent guys jumping in and making people know about their service. By talking to them. By listening to what their customers want. By being the customer.
Sound familiar?
Be an Independent Retailer
Social media. Marketing. PR. Advertising. Customer service. Business deals. Business building. Branding. Unbranding.
Everything you do day in, day out – are you being a major retailer or are you being the independent retailer? Are you saying and doing what all your competitors are doing or are you doing what you’re doing?
There’s a big difference in approach and sales time is fast approaching. So. What are you?
Me? I’m happy to be an independent retailer. How about you?
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Yet, another good post Danny. Your last point, about considering what you do, day in and day out, is so important for all marketing online. It all adds up, to a message that will hurt or help you!
Great stuff
The Boutique appeal is nothing new. You can receive customized attention and service while maintaining a strong commitment to product. Not a lot of bigger companies can offer this. The reason? They’ve kicked themselves up to a point where they can’t hear their customers any longer. My reaction? Who cares, let’s enjoy treating our clients and customers right
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Twitter: timjahn
As Maria said, everything adds up to your message, your reputation. It’s up to you to determine what that message is and what effect it has on you and your business.
I’m almost always a fan of independent retailers over big box stores, for all the reasons you detailed out here so nicely. The small guys stand for something. The big guys stand on top of someone.
That’s a great line, Tim: “The small guys stand for something. The big guys stand on top of someone.”
Good thing is, the foot stools are moving.
I typically prefer boutique shops as well. Independent retailers can’t often match the big boys in price, but they can definitely provide more value for their products by providing superior service, training, and quality guarantees.
As to your point about the MBA, I was going through the application process myself a few of years ago when I stepped back to examine my goals and how the program could help me achieve them. I decided against the program for many reasons, but looking around me now, most of the business owners I know have no post graduate education, and many of the MBAs I know have jobs that I would never take. I feel I have learned more through the act of doing and interacting (and from the public library) than I ever would have learned sitting in a classroom.
I think that’s one of the things I loved about Arik’s post, Drew – yes, MBA’s can and do play their part.
But personally I’ll take someone who’s been educated in the playground as opposed to off it anytime.
I take a look at what you might consider to be “big box social media” and I already see the Circuit City mentality at work.
It’s possible to get big without getting stupid. It’s just very, very hard and takes constant vigilance.
I’ll raise my glass to the independent retailers. Ваше здоровье!
There does seem to be a lot of “herd mentality” being discussed at the minute and much of the sales promo copycat feel. Question is, which big retailer stands apart?
To your health as well, good sir.
Twitter: frankreed
Your ears must have been ringing today. I spoke to a local retailer who is diving head first into the opportunity that is Internet marketing and we discussed the very advantage she held over other large competitors – herself and her passion.
While she wanted to learn about ‘techniques’ the real power she had was her ability to communicate and inspire people to want to be a part of her store’s experience.
I wish more SMB’s got it like she is starting to.
This is where I feel the “next generation” of business superstars will come from. It’s even beginning to matter less on the price advantage that the big guys used to have – buyers are seeing the value indie vendors offer and are giving them the same benefits that they used to hold exclusive to the big guys.
Like you say, Frank, your friend’s passion and knowledge sets her apart from many who just see the numbers – here’s to it continuing.
Twitter: knealemann
There is a lot of chatter about relationships for a reason – because they are important. The customer is far better prepared than ever, so if you are looking to buy a car – do your homework and if you are “sold” that is your fault.
Most – if not all – purchases are made on emotion. The best “sales” people know it and prey on it. The best advice I ever received on buying a home was from a real estate agent friend who said “always be willing to walk away from a deal”.
Big box or indie, without trust there is no relationship. So take the time to build that trust then you can make the proper decision. People buy from people and if you feel you are being jammed into a deal or being fed a well-crafted script, you must be willing to walk away.
Just because someone is “indie” doesn’t mean they are necessarily better – they have to make a living as well. The responsibility still lies with you – the customer.
@knealemann
Danny,
I love getting my fruits and veggies from the Farmer’s Market — even though I pass at least three big chain grocery stores on my way there. I like buying gifts for friends/family at little boutique shops instead of the big department stores. I totally get where you’re coming from with this analogy!
I work for a relatively small- to mid-sized PR agency — and we’ve found ourselves having a similar conversation as we continue to grow. There are lots of very large agencies; however, that’s just not who we are. We don’t need to be everything to everyone. But, what we do — we do really, really well for all the reasons outlined in your post. I much prefer shopping at boutique stores … which probably explains why I like working for a “boutique-like” agency. It gives me the freedom to explore new things, develop long-lasting relationships with customers and put a little of my personality into my work.
So, I’m with you. I’d much rather be an independent retailer than a big box store!
Heather (@prtini)