Search

Why Shop Local Small Business: 4 Reasons to Give in Today

When you shop at small businesses, you are not just spending less. You’re also helping the community grow and supporting local jobs. Show your support today.
Why Shop Local Small Business: 4 Reasons to Give in Today
Small businesses are responsible for the generation of local jobs and payment of local taxes, which keeps the cycle of money running in the community. Shoppers get a more personal experience and do not have to struggle with queues. With a local business, you can find different products that are special and not easily available at any other shop.
In this article

Shopping triggers the thought of going to big malls and retailers before thinking about the antique shops in your neighborhood. However, with the hard-hitting inflation and supply chain disruptions, it is time that you shift your focus to the small businesses in your area when you shop. Here are 4 reasons why you should consider small businesses. 

Societal and environmental benefits

Every dollar spent on small businesses is precious for them and means the world when you shop with them. These businesses are responsible for the generation of the local jobs and payment of local taxes, which keeps the cycle of money running in the community.

If you shop at your neighborhood store, you are also supporting your neighbors while boosting the economy. When you shop from small businesses, you are also being eco-friendly. That is because these businesses acquire their raw material locally and manufacture them at local factories, hence reducing travel costs and distance. Hence, less shipping and packaging will reduce the carbon footprint.

See also about: Calling all entrepreneurs: How to start your own business

Support small businesses when you shop

The Covid-19 pandemic struck small businesses harder than expected. Over 20,000 businesses which had a majority of small ones, closed down between March 2020 to February 2021. This is the added figure on the 600,000 annual closures before the pandemic. Many businesses are still barely staying afloat because of deferred payments, overdue bills. Hence, a little support from you can go a long way.

Experts say that we have to think like a consumer and think if a retailer closing down will make us sad. If the answer is yes, we should try to support them as much as we can. You can do so, by eating and shopping at your local business and expressing your appreciation for their services.

In these difficult times, remember when the places that provided food for you or delivered the hand sanitizer at your door. If they were there for you during a different time, let’s show our gratitude through it.

Also know about: Food Truck Day

Shop for a personalized experience

With the existing supply chain problems and increasing inflation, the big malls will witness low inventory with high prices in the holiday season.

That is easy to understand through the principles of economics. Because the supply is low and the demand is high and the prices will probably not go down. There will be good deals in the market but on the ones that you want.

Hence, the flashing deals that big retailers usually boast during the holiday season will not be as prominent as before. You can expect zero or low inventory on toys, luxury goods, and other electronics.

In this case, the small business shoppers will find better deals at their local businesses. The shops with thrifted, pre-loved or locally produced goods will have a better supply.

Shopping at small businesses also gives other benefits. The shoppers get a more personal experience and do not have to struggle with queues. Many businesses also give discounts, freebies, promotions, etc. Hence, enabling you to save money. Meanwhile, here’s how you can improve your own finances.

See also about: 5 thrift shop hacks

Shop at unique small businesses

Shopping at the superstores will provide you with some variations in different products. If you go to the branded store, you will see similar products. However, with a local business, you can find different products that are special and not easily available at any other shop. Hence, making your holiday season all the merrier.

These can be prints of local artists, handmade jewelry, a record player, or a snazzy gift card for the best coffee place in town. You can find rare gifts by visiting local, small businesses. What more can you ask for?

See also about: How to protect your relationship from money problems

Was this helpful?

Did you like the post or would you like to give some feedback? Let us know your opinion by clicking one of the buttons below!

👍👎
Devanshee Dave

Devanshee Dave

With over 4 years of experience in financial writing and a master’s degree in mass communication & journalism, Devanshee is currently preparing for her CFA (Chartered Financial Analyst) exams. In her spare time, she likes to dance and learn about cosmology, astronomy and anything that can expand her knowledge from the big bang to the big crunch.

This page is purely informational. Beem does not provide financial, legal or accounting advice. This article has been prepared for informational purposes only. It is not intended to provide financial, legal or accounting advice and should not be relied on for the same. Please consult your own financial, legal and accounting advisors before engaging in any transactions.

Related Posts

Ideas for Small Business Saturday: Boosting Local Economy
What is Small Business Saturday? This concept was first introduced by American Express in 2010. It was their first step toward putting small businesses in the spotlight during the recession that occurred in 2008. In 2011, the US Senate passed the official bill to support this idea and expanded it to all 50 states. Today, Small Business Saturday has become an annual event where people are encouraged to buy from local businesses.
How to Support Small Business Saturday: Shop Local
Small Business Saturday 2022 is here and people have set up their stores. Why don’t you take a look at their shops to buy what you need this holiday season? Read on to know how you can help them.
How to manage money in your own business
Are you setting out on your own? If you’re starting your own business, and prefer the “self-employed” tag, there will come a time when you struggle to manage your money. Don’t worry, because there’s always a first time for everything and money-management is a process.
How to make money on Etsy in 5 easy steps
On Etsy, all you have to do is sign up, go to the ‘sell on Etsy’ option, fill in the required details such as name, bank account, and your shop will go online. The Etsy search bar is a tool to conduct an analysis of sales of different shops since their opening day. You can use Etsy stores to find the prices of similar products and have a look at the products in places like local stores or Amazon.
Small Business Saturday: Support your favorite retailer
Since March 2020, nearly 200,000 small businesses have permanently closed. Every purchase you make at the local store gives them a chance to survive.
Black Friday 2024: Deals, Discounts, and More
It is expected that this year’s Black Friday sales would be like never before and many are waiting for the day to get their hands on amazing offers. Everything is available online and it is a new trend now. For this Black Friday as well, that is going to be the trend and it will overshoot purchases from stores.

Features

Essentials
Everdraft™

Get up to $1,000 for emergencies

Send Money, Pay Later™

Send money to anyone in the US

BFF - Better Financial Feed

Ger personalized financial insights

Credit Monitoring

Monitor and grow credit score

Cash back

Get up to 20% on everyday spends

Car-Insurance

Save up to 40% on car insurance

Job-Loss & Disability Protection

Get up to $1,000 for loss of income

Identity Theft Insurance

Insure up to $1 Million

Health Insurance

Coming Soon

File Taxes

File federal and state taxes at low cost

Tax Calculator

Quick estimate of your tax returns

Personal Loan

Get up to $1,000 for emergencies

High Yield Savings

Send money to anyone in the US

Save big on auto insurance - compare quotes now!

Zip Code:
Zip Code: