Local Businesses And The Post-Lockdown World
Lockdown period has fundamentally changed the way we look at life and investments. Getting cooped up during this pandemic has taught us that the little things and joys in life should not be taken for granted. When enquired about their post-lockdown desires, many people had small wishes to make. It ranged from getting their hair trimmed to watching a movie in the theatre.
Since normal life as we knew it has suddenly come to a halt, why should our spending habits and payment methods remain the same?
Consumption during lockdown
According to a survey that we commissioned in April, it was noted that people’s attitudes towards shopping experiences have changed drastically. People have ditched crowded supermarkets to opt for more trusted and nearby services. Local restaurants, pubs, grocery stores, and cafes have gained the support of the masses by being reliable and readily accessible. 53% of the people have agreed to continue to shop with the local businesses since they have understood the challenges faced by such independent endeavors.
What has caused the change in consumer values?
The capitalist behavior of big conglomerates has resulted in people losing faith in them during this lockdown. People have admitted that they have changed their views after realizing the importance of supporting smaller shops. Rather than adding their revenue to larger businesses that do not treat their workers well, they have decided to purchase locally. This has also led to them being more sympathetic to smaller causes, and, thus, consumer views have shifted in favor of local businesses.
Lockdown savings and spending habits
The findings of the research survey show that half of the people have saved money since the lockdown. Spending habits have changed, and people have started using money judiciously. When asked about how they plan to spend their lockdown savings, people have pointed out their plans for holidays or eating out or buying new clothes. This opens up a plethora of possibilities for local businesses to make it big.
Post-lockdown business plans
With the uncertainty of these extraordinary circumstances, post-lockdown business plans need to be evaluated. Since the winds have changed in favor of local businesses, they are more likely to flourish after the lockdown.
If you are a small business group, adjusting to the ‘new normal’ can be difficult for sure. But we can make it easier for you. Pay2Day provides merchant services that will always put you first. We can offer you different ways to substitute cash payments with more viable methods. We sell card machines that will fit your bill. You can go for a countertop, a portable, or a mobile card machine for small business purposes.
Even if you do not own a physical shop, we can help you get paid easily with the help of a payment gateway. This online version of a card machine lets you take payments on the phone via email or through your website.
For payment solutions in the post-lockdown world, we are here to help. We ensure that you are satisfied on all fronts from our side. We are looking forward to connecting with you!