The Importance Of Supporting Local Businesses

The Importance Of Supporting Local Businesses

by Rahul M

There has been a lot of discussion about supporting local businesses in the community. Whether you are buying fresh vegetables or clothing, many economic experts promote the value of buying locally.

Although you may find competing deals at nationwide retail stores, there are unique benefits of spending your money in your community. Here are 8 benefits of buying goods and services from your local retailer.

Increases Employment Rates

It might be surprising to learn that small businesses in America employ more people locally than larger corporations. In fact, local businesses usually pay better wages and have better benefits. As a result, the unemployment rate in your community decreases.

Provides Diverse Goods and Services

As you shop in a nationwide department store, you may notice that most of the goods are similar. The reason is large retail stores purchase their merchandise from the same suppliers. Many local retailers offer unique items that you might not find at another store. By shopping locally, you can purchase goods from stores that provide you will a diverse selections of goods.

Shows Appreciation for Your Business

In many instances, local shops have a higher customer service satisfaction than major retail stores. Local store representatives do not have to meet sales quotas or operate according to a corporate plan. They have time to engage with you on a level that you might not find at major retail stores. Local businesses thrive on repeat and referral business. You will find that local businesses have a greater appreciation for your patronage.

Keeps Your Community Distinct

One of the best things about living in a community is the diversity of shopping choices. When you live in an area that has only nationwide retail stores, there is no distinction between your community and the next one. A community that has different local shops attracts people from different areas of the city. When this happens, your community thrives.

Fuels Entrepreneurship

Small business is the fabric of the American economy. Entrepreneurs who create successful businesses are able to move from lower paying positions to the middle or upper class. Local business activity boosts the prosperity of individuals within your community.

Increases Competition for Local Businesses

When you have a variety of local businesses in your community, there is a competition to attract customers. As a result, many local business owners have to price their products fairly. Competition keeps prices low. This is good news because you will be able to save money by shopping local.

Lowers Your Taxes

An abundance of local businesses generate increased tax revenue. If businesses pay more taxes, your local government will not have to regularly increase the taxes of its citizens. Supporting local businesses has the potential to reduce your tax burden.

Shopping locally has a greater positive impact on your local community than purchasing from major retail stores. Before you make your next major retail store purchase, support a local business that sells similar types of goods and services. You will be surprised at the great goods you will discover.

John Keefe is an avid blogger and professional Wedding Officiant in Oklahoma City. John is passionate about sharing information online through his blogs, on youtube, and provides local marriage services in OKC to his local community with Lifelong Wedding Ceremonies.

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