Scrooge Strikes e-Commerce Small Business
Is Network TV the Scrooge?
This Christmas season, it seems like every network TV news personality is reporting that online sales are booming. On Cyber-Monday, Becky Worley of Good Morning America said that online sales are up significantly this year. Technically, that’s true. That is, if you are Amazon, Walmart or Best Buy.
e-Commerce: Not for the Little Guy
Unfortunately, small to mid-size e-tailers have actually lost ground according to ComScore’s latest Cyber Monday report. Although, they reported a 12% overall increase in total consumer online spending, when you break it down the big box stores increased their sales 20%, while small-medium businesses experienced a 4% loss compared to 2009 spending.
Why do the Big Boys get the Attention?
Two reasons. One, the big boys can afford to lure shoppers with deep discounts and attention-grabbing promotions. In doing so, they grab market share from the online ‘mom & pops’, who thought the internet provided a new path to successful marketing. Two, network TV news keeps its focus on its customers: those big box stores who are their biggest advertisers this time of year. ABC’s Becky Worley delivered her “news” report live from the floor of Amazon.com’s Phoenix distribution and shipping center. Her story focused on Amazon’s deal of the day and other online retailers like Home Depot. If economic growth comes from small to medium-sized businesses, isn’t it time journalists paid more attention to them?
As Tiny Tim waits to see what’s in store for him this Christmas, remember small and medium-sized businesses are the ones that bring handcrafted, quality craftsmanship, made in America items to market. These are often gifts that last a lifetime.
Buy from someone ‘small’ today. There’s still time to shop!