More trends that may help or hurt you

Last week we talked about 3 trends that can help or hurt you.
Here are 3 more:

  • A friend observed that the political bickering in Washington is building popular sentiment for term limits. Don’t expect anybody in Congress to favor limiting their own terms. Yet their actions will make incumbents vulnerable to challengers and cost them millions in campaign donations.
  • When restaurants and non-essential retailers are able to reopen, they face the problem of hiring workers and restocking inventories at a time when they are cash poor. Smart lenders are going to have a field day. But many of these businesses are going to face higher costs with fewer customers and will have to cut their margins to attract customers to come back to them.
  • The pandemic has already driven many weaker owners out of business. This reduces the competition for consumers’ dollars when the stronger ones are open again.

Be sure you are ready to provide 1st class service and products to take advantage of this less competitive market.

Do you see other trends? Please let me know by writing JerryBellune@yahoo.com

We share such ideas in “Uncover Your Inner Sales Genius.”  For a complimentary copy, please fill out the form at the top of the page to join the mailing list.

Next: Protect your credibility during covid-19 to retain your customers’ loyalty. Copyright 2020, The Bellune Co., Inc.

Trends to help – or hurt -your business

Alert business owners and entrepreneurs need to be aware of new consumer trends that may help – or hurt – their business.

A local ad agency survey found that some behavioral changes may be long-lasting. While 92% of consumers wanted to go out to eat, 67% planned to cook more at home and 41% planned to order take-out once the covid-19 crisis subsides.

67% missed going to movies but 56% were more likely to stream movies at home.

Bringing manufacturing back to the US, especially in critical products such as drugs and technology, could have positive impacts on South Carolina. Low labor costs and lack of union resistance to modern production methods will make right-to-work states appealing to manufacturers.

Consumers who rarely if ever bought products online have been forced to turn to the internet. Now that they realize how convenient it is for many products, they are expected to continue to buy there. As for shopping in women’s fashions, they can watch shopping channels and buy there,

We share such ideas in “Maverick Entrepreneurs’ Million Dollar Strategies.” For a $20 personally autographed copy, contact us at 803-331-6695.

Do you see other trends? Please let me know at JerryBellune@yahoo.com

Next: More trends that could help or hurt your business’s bottom line.

Copyright 2020, The Bellune Co., Inc.