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.
FRANCES DODDS
HOW DAVID BEATS OUT GOLIATH

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."

This story is from the Startups - Spring 2024 edition of Entrepreneur US.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

This story is from the Startups - Spring 2024 edition of Entrepreneur US.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

MORE STORIES FROM ENTREPRENEUR USView All
Charities Are Getting Down to Business
Entrepreneur US

Charities Are Getting Down to Business

Nonprofits are struggling. That's why more charitable leaders are taking a page from their for-profit peers-and learning how to make money.

time-read
10+ mins  |
May - June 2024
HOW TO ASK SOMEONE FOR A MILLION DOLLARS
Entrepreneur US

HOW TO ASK SOMEONE FOR A MILLION DOLLARS

Philanthropic fundraisers often get donors to give $1 million-and their tactics are useful for anyone trying to win over someone else's dollars.

time-read
2 mins  |
May - June 2024
MAKE YOUR FIRST TAX-FREE MILLION
Entrepreneur US

MAKE YOUR FIRST TAX-FREE MILLION

It's legal, smart, and great for your long-term savings.

time-read
3 mins  |
May - June 2024
MAKE A MILLION DOLLARS IN A WEEKEND?
Entrepreneur US

MAKE A MILLION DOLLARS IN A WEEKEND?

OK, you won’t earn it ina weekend. But serial entrepreneur NOAH KAGAN says you can start a thriving business quickly—if you’re willing to move fast and be uncomfortable.

time-read
2 mins  |
May - June 2024
THE MILLION-DOLLAR MEETING
Entrepreneur US

THE MILLION-DOLLAR MEETING

Once your company hits a million dollars in revenue, many more investors (and private equity buyers) will start taking your calls. Here's why.

time-read
1 min  |
May - June 2024
MILLION-DOLLAR UNLOCKS
Entrepreneur US

MILLION-DOLLAR UNLOCKS

New companies rarely get off the ground without some roadblocks, setbacks, and unforeseen decisions. Here, 10 founders describe the pivots that unlocked their growth and catapulted their profitability.

time-read
9 mins  |
May - June 2024
THE PATH TO MILLIONS STARTS HERE
Entrepreneur US

THE PATH TO MILLIONS STARTS HERE

A million dollars sounds sexy. But what is it, really? For some, a dream.

time-read
6 mins  |
May - June 2024
What SEO Insiders Know
Entrepreneur US

What SEO Insiders Know

Looking to boost your SEO? We asked a bunch of insiders: What do you know about your industry that most outsiders don't?

time-read
3 mins  |
May - June 2024
Pack These for Your Next Trip
Entrepreneur US

Pack These for Your Next Trip

Want to make your next business trip a pleasure? Gear expert and two-time Emmy Award winner Mario Armstrong has five items you'll want to make room for.

time-read
2 mins  |
May - June 2024
Finding Your Dimension X
Entrepreneur US

Finding Your Dimension X

Why do some people thrive, while others fall behind? As Google's first chief innovation evangelist, I believe I found the answer: Successful people harness what I call their \"Dimension X.\" Here's what it is.

time-read
5 mins  |
May - June 2024