Times are changing
To say that times are changing is a statement so obvious. In today’s world we have the ability to buy something and have it show up within hours without ever having to interact with a human being. If you think back to even thirty years ago, then you can remember how hard it was to find what you wanted. People had to actually go to a store and walk around to find things they might want.
The malls got foot traffic because certain stores attracted the attention for the smaller stores. Spending time at the mall was an event people got ready for. They planned a day of it. Now malls are dying all around the country.
Where do we go from here?
Amazon has made the e-commerce world a huge market for everyone. They have become very efficient at what they do, but the backlash against Amazon is starting to grow louder and louder. As stores have to shut down, other companies are innovating to keep up with Amazon. Companies are building better mouse traps. Amazon has forced everyone to become better. It is hard to imagine what is next.
Anticipate the next big thing
We are a small business blog. Escape Amazon cares about the smaller business person trying to sell things online without much capital to back them up. You must be forward thinking in this position because you do not have a choice. What trends are beginning to form that will re-shape the future? Imagine if you invested in Amazon in 1996, you would be wealthy today.
A few trends that I see becoming part of the future of the world are VR and Robotics. It is hard to see how we are going to be able to monetize things like drones. The VR world is going to revolutionize how we interact with each other. This might be a bad thing, but it doesn’t have to be.
How can you make money off of these trends? These trends are not the only ones that will become something in the future. What systems are in place that you can improve on? Netflix made a better way to rent movies. Before Netflix, Blockbuster was the king of video rentals. After Netflix, Blockbuster became bankrupt. Local music stores are a thing of the past because of itunes.
How can you thrive in this environment? What are you going to do to make money? Corporations are getting larger, but they have been forever. The fact that you are a small business now is not a reason to quit. Work harder is actually what you need to be doing, but the work has to be on the right things. Are you researching up coming trends? You have a great idea, but will it be relevant in ten years? Because you are small means you do not have time to waste!
This business blog will keep on going. I hope you find the information useful. Please let me know if you have any questions!
Share this blog with anyone you think may find this useful.
Keep on working! You will win in the end.