Back
Revstar Solutions
Your first step to a... • 1m
Retail and Hospitality Industry Insights for SMBs by Noel Chackson See, I am not sure about this one but It’s no secret that consumer spending has been a bit cautious lately. But that doesn’t mean the game’s over. If you’re a small retail or hospitality business, there’s still a real shot at growth especially if you’re catering to local markets or creating experiences people can’t get anywhere else. Mix It Up: Diversify Your Revenue If you’re relying on just one income stream like walk-in sales or in-person dining then you’re putting all your eggs in one basket. Think about layering in things like home delivery, subscriptions (yes, even for restaurants or boutiques), or special services that set you apart. The goal? Make it easy for people to buy from you in different ways, and give them reasons to keep coming back. Think Local, Really Local With international travel still iffy and global trends shifting, more people are choosing to spend on local experiences and products and that’s a good news for SMBs. Highlight your locally sourced goods, regional identity, or community-driven services. You don’t need to be everywhere (atleast at the start) you just need to be the best at what you do right where you are. Go Digital or Get Left Behind Customers expect convenience and that usually means digital. Whether it's an easy-to-use online store, a smooth booking process, or a CRM tool that remembers their preferences, your tech game needs to be solid. It doesn’t have to be high-end, just simple, reliable, and customer-friendly. More sectors coming soon...
More like this
Recommendations from Medial
Download the medial app to read full posts, comements and news.