
In this economic climate, it seems that many small business owners have become not only more aware of their personal and business expenses, but also of their competition. However, what is defined classically as your “competition” may in fact be your best ally.
Just after 1 year of starting our web store, Thriving Ink is preparing to open our first retail store in our hometown. It is seriously the most excited I have been since I opened my first Pump It Up! We will carry not only our line of art tees, but other independent brands, jewelry accessories and trendy resale as well. Wish us luck!
We are situated in the historic downtown area of Pleasanton (think Norman Rockwell), just off Main Street. There are 40 apparel shops within a couple blocks, and 4 of them are exclusively resale boutiques. So, why would I add resale to my retail mix when there are already so many like-minded shops in such a small area? Well, because I don’t see the other shops as competition; rather, I see them as opportunities: opportunities to co-op limited advertising dollars into larger marketing efforts, opportunities to share ideas, opportunities to refer business to neighboring stores, all of which ultimately will bring an improved shopping experience to the customers.
In a recessionary climate such as ours now, statistics show customers will forsake whatever loyalty you may have fostered in favor of the best deal. There’s no way to combat this reality, so the best we can do is to at least bring the customer to our neck of the woods and to keep them here. This goal is best served through cooperation.
Take this time to build relationships with merchants and neighboring businesses. Not only will you make new friends, but you may just realize how beneficial working together may be.


