{"id":869,"date":"2020-06-22T15:51:35","date_gmt":"2020-06-22T15:51:35","guid":{"rendered":"https:\/\/www.teranoid.com\/?p=869"},"modified":"2021-09-27T15:29:01","modified_gmt":"2021-09-27T15:29:01","slug":"how-can-independent-retailers-overcome-their-challenges","status":"publish","type":"post","link":"https:\/\/www.teranoid.com\/how-can-independent-retailers-overcome-their-challenges\/","title":{"rendered":"How can Independent Retailers overcome their Challenges?"},"content":{"rendered":"\n

Independent retailers certainly face retail issues. That is to say, in today\u2019s world, independent retailers are facing challenges which no one talks about. Further, there have always been challenges for retailers in the past as well. But, the issues that retailers are facing today are different from the ones that they faced in the past. <\/p>\n\n\n\n

Major Independent\nRetailers\u2019 Challenges <\/strong><\/h4>\n\n\n\n

A few of these major challenges include customer satisfaction. Certainly, this is one of the biggest retailer concerns today because today\u2019s customer has become powerful. Powerful in the sense that it has become difficult to please and attract them. Further, competition is so strong that customers are more likely to shift to other brands in seconds. Moreover, customer satisfaction through technology is yet entire another entire topic that falls under independent retailers\u2019 issues. Moreover, today\u2019s customer is advanced. Secondly, technology is something that has great impact on today\u2019s customer. So, one of the biggest challenges is to be advanced in terms of technology. For example, having effective inventory management system<\/a>, modern and high tech POS System<\/a><\/strong> etc has become a must for retailers today.    <\/p>\n\n\n\n

Ways to overcome Independent Retailers\u2019 Challenges <\/strong><\/h4>\n\n\n\n

Below we have discussed some useful\nways that independent retailers can adopt in order to overcome their\nchallenges. <\/p>\n\n\n\n

Independent Retailers need to maintain Service Quality<\/strong><\/h5>\n\n\n\n

One of the most significant ways\nfor independent retailers to overcome their challenges is to maintain quality\nof the service and products. That is to say, they need to make their unique\nidentity by working on their quality. In fact this can be one of their biggest\nstrengths. Moreover, independent retailers are mostly on their own so they can\nfocus more on providing good quality service. In addition, they deal with the\ncustomers themselves on daily basis. Consequently, they are the ones who are\ndirectly involved in customer dealing because their business is mostly family\nbased. Consequently, they are passionate about what they do. So, maintaining\nquality can become one of their strengths and will give huge support to them. <\/p>\n\n\n\n

Independent Retailers need to be quick in decision making<\/strong><\/h5>\n\n\n\n

Certainly, independent retailers\nare on their own. That is to say, they do not have to consult partners or are\nanswerable to head offices. So, working independently, gives them an edge. That\nis to say, they have to decide things on their own. Consequently, they do not\nhave to spend hours and days waiting for the others approval, suggestion or\norders. So, this is counted as another major strength for independent\nretailers. That is to say, they need to have quickness and smartness of mind so\nthey know what they are doing and that they do so in less time. In short, they\nshould be smart and active enough to take wise and instant decisions regarding\ntheir business. <\/p>\n\n\n\n

Independent retailers need to Provide Variety and be Creative <\/strong><\/h5>\n\n\n\n

Because of their local business,\nindependent retailers can cater to the needs and requirements of the community\nand area where their store is located. That is to say, they can easily get to\nknow the customers and know their needs. Consequently, they can plan their products\nand services likewise. So, it is easier for independent retailers to provide\nvariety of products to the customers and to be creative in their product range.\nAs a result, this will attract more customers and strengthen the independent\nretailers because customers are certainly looking for variety and excellence.     <\/strong><\/p>\n\n\n\n

Conclusion<\/strong><\/h4>\n\n\n\n

To conclude, independent\nretailers are no different than others. That is to say, they can overcome the\nchallenges that they face by adopting the above mentioned ways. If you are an\nindependent retailer and have some more tips for others, do share them as we\nwould like to know what challenges you are facing and what ways are you\nfollowing to overcome the challenges.  <\/p>\n","protected":false},"excerpt":{"rendered":"

Independent retailers certainly face retail issues. That is to say, in today\u2019s world, independent retailers are facing challenges which no one talks about. Further, there have always been challenges for retailers in the past as well. But, the issues that retailers are facing today are different from the ones that they faced in the past. … <\/p>\n