I’ve said that small businesses have a big future to look forward to in today’s market, but it’s not just because large, traditional businesses are struggling to adapt to the needs of the modern shopper. Online mega-retailers like Amazon, which are currently putting immense pressure on those large, traditional retailers, can also do a ton to help small and mid-sized businesses thrive.
As more small businesses look to offer both online and in-store shopping options, large online retailers can provide significant logistical support , in addition to exposing the products of small businesses to a diverse, international audience. It takes effort from both sides to make it happen, but there are huge opportunities for large online retailers and small, traditional retailers to succeed together.
How Online Mega-Retailers Can Help SMBs
Tapping into a global economy sounds great, but it can also be intimidating if your primary experience has been marketing to a smaller local audience. However, dissecting how the mega-retailers do business can reveal opportunities for small business. Take your personal experience shopping at online mega-retailers like Amazon. Analyzing that experience can tell you quite a bit about what those retailers can do for your small business. Think of the number of retailers that you encounter in the Amazon marketplace, the logistics required to manage all those different product offerings, and the fact that whatever you order almost always shows up on time, as advertised. You can break down the opportunities into four distinct categories:
Related: The Coming Small Business Retail Boom
If you’re looking to expand the footprint of your small business into the world of online retail, then working with mega-retailers is a logical place to start. As large, traditional retailers continue to falter, there will be more opportunities than ever for successful small businesses to form mutually beneficial relationships with online mega-retailers. When those relationships lead to a better customer experience, everybody wins.
This first appeared on Ted Rubin .