Local Hardware vs. Big-Box Stores
It might seem that local hardware stores cannot compete with big-box retailers. A small, family-owned enterprise can’t hope to match the pricing, inventory, and marketing budget of a massive corporation.
There are areas, however, where a small business can outshine larger competitors. Local stores can offer the personalized experience, strong customer relationships, and reliable expertise that customers crave. With MassLive Media Group, find out how your hardware store can profitably coexist with big-box retailers.
Personalize the Experience
As a small business owner, you can deliver a personalized experience that big-box stores cannot replicate. When a customer enters your store, greet them by name. Get to know them and ask about their project. Work with them directly to identify the ideal product for their needs and provide usage tips when appropriate. In short, show that you care – and encourage your employees to do the same.
Customers want to feel appreciated. Many shoppers will pay more to a company that cares for them as people and not just as a potential source of revenue. When decisions must be made regarding expensive equipment, customers feel most confident when purchasing advice comes from somebody who has listened to them and understands exactly what they need. One-on-one interaction also creates a more enjoyable experience all around, helping buyers feel positively about their purchase.
Social Media Networking
A close owner-customer relationship is what sets small businesses apart from big-box stores. While direct interpersonal interactions are essential means of establishing trust, don’t neglect other methods that can be just as effective. Your social media presence can be used to build confidence and demonstrate your expertise. Give customers something they can enjoy for free, such as:
- Technical tips and advice
- DIY guides and tutorials
- New product reviews
- Project ideas
- Design trends
In addition to building awareness and trust with your community, online marketing is also a good way to connect with other local businesses. These networking opportunities are invaluable to building your reputation and identifying leads for further growth.
Custom Orders for Customers
You can’t stock every brand and model of screwdriver – but neither can a major retailer. At every scale, stores must make decisions about what to stock on shelves.
You can, however, place a special order for items you don’t have in stock. If a customer is searching for a specific solution that can’t be found on shelves, offer to order the items directly from the manufacturer. Most big-box stores won’t or can’t do this. Managing special orders just isn’t feasible on a national or international scale. However, as a local business owner, your smaller operation makes this simple.
The ability to enable custom orders gives you an advantage over competitors by demonstrating your expertise and attentiveness to custom needs. It also creates opportunities to sell items that even big-box stores don’t stock. The next time a customer needs an item they can’t find, they’ll come to you.
Create Value With Expertise
The bottom line is this: customers visit big-box stores for their massive inventory and low prices. When they want personal attention, experienced advice, or project insight, they look elsewhere. That is the niche that small hardware stores can fill, giving you an edge over your big-box competitors.
Instead of getting hung up on price, focus on redefining value for your customers. They aren’t just paying for a product. They’re also receiving your time, expertise, and thoughtful input pertinent to their specific project. The kind of customers you’ll attract will be loyal and more than happy to pay a little extra to receive this kind of benefit.
Adapt Your Marketing Strategy
In summary, a big-box store moving next door isn’t necessarily a death knell for your local hardware. When you offer a personalized experience, plenty of expertise, and extra value, frustrated customers will leave the big-ticket store and turn to you for answers. MassLive Media Group is a digital marketing company that emphasizes search engine optimization (SEO) and audience targeting to design effective strategies for businesses in Massachusetts and beyond. To learn more or get involved, contact us today.
References
https://www.zenbusiness.com/blog/bigbox/