Looking for 5 benefits of shopping locally? Mom and pop shops rely on the customers within their town to keep coming back on a daily or weekly basis. Big box stores have much more financial stability than your local shops, so without a constant stream of revenue, you may see your favorite local store go out of business in no time.
- Tax Base. One of the five benefits of shopping locally is the increased tax base. By shopping locally, more sales tax is being generated by your favorite local stores, and that tax can be used within your community. Common uses for local sales tax include investments in infrastructure, police and fire departments, libraries, and parks.
- Jobs. Local shops employ local residents, which means there will be more job opportunities within your community. The increase in jobs, one of the five benefits of shopping locally, also has a domino effect. Local stores will need to hire other local residents to help with accounting, create store signs, etc.
- Product Diversity. Product diversity, one of the five benefits of shopping locally, may not seem important at first, but it is a win-win situation for local customers. Big box stores have national sales plans, and generally do not stock their stores with products that are sought after within a specific region. Local shops will need to stock their stores with products that their local customers will want, so if you have many local shops within your community, there will be a much broader range of product choices.
- Competition. Competition of local shops is also one of the most important five benefits of shopping locally. Big box stores often drive mom and pop shops out of business, which means there is no competition. With no competition, the big box stores can charge higher prices. By having a multitude of local stores within your community, all of the stores will need to keep their prices competitive in order to gain your business.
- Community Well Being. The final benefit on our list of the five benefits of shopping locally is community will being. By shopping at local shops, you will most likely run into your friends and family more often, which helps unite the community together as a whole. Local business owners are also more likely to donate more to local causes than big box stores are.
What Others Are Reading Right Now.
8 Things All Guys Should Stop Doing by Age 30
You're a man now, dog.
15 Women Confess the One Thing They’d Never Admit to T...
"I masturbate any opportunity I get when he is not home.”
Sarah Huckabee Sanders Dropped a Whopper, but It’s Not One o...
Prep for these fibs. Ladies will thank you, and that’s the truth.