subject: How could your shop remain competitive with supermarkets? [print this page] How could your shop remain competitive with supermarkets?
Just how will you compete with this? There is absolutely no straightforward way to answer this question, it's indeed very difficult to compete with the big supermarkets out there and there is only one piece of advice that we can provide you primarily based on our expertise. If you don't already take card payments then doing so might possibly help you in the fight.
The best thing that you can do is make your convenience store far more likable to the local area and make it more convenient for your clients to pay.
Card payments are on the rise.
Individuals tend not to use cash as much as they did a decade or more ago, and if your primary convenience store has been accepting only cash then this is sure to affect your earnings pretty soon. People no longer get paid in cash, yet rather most wages are paid directly into personalised bank accounts and therefore your customers really do not take out their money unless they've got to.
Your clients want to pay with their cards, this is certainly clear to see because over the last ten years debit card use has gone up four times as rapid as overall spending. Having a card terminal installed in your store may permit you to accept card payments.
For all those stores that have the space it is also advisable to have a cash machine installed to be able to take payment for tinier amounts. This may adjust in the long run as contactless technology comes into play and results in cash to be even less widely used.
To conclude
Your store may not have the option to compete with the supermarkets, but the key to your enterprise is in the name "convenience store" and when you can make your shop available to clients when your supermarket isn't, make it easier to access, and take all payment methods, after this you will never go out of business; in fact you are certain to raise your income.
