Business

Small Business Saturday: Boost Your Local Business Sales

Small Business Saturday happens right after Thanksgiving. It was started by American Express in 2010. Its goal is to help small, local businesses and strengthen the economy1. There are 33.2 million small businesses that make up 40% of the nation’s GDP. This shows the huge impact of the event1. By connecting with shoppers who are ready to buy, small businesses can grow their local influence.

This day is not just for shopping. It’s a chance to use smart marketing strategies to boost the local economy. Last year, consumers spent around $17 billion on Small Business Saturday2. But how can you join in on this excitement? And what marketing methods will make your holiday shopping campaign stand out? Let’s find out…

Key Takeaways

  • Small Business Saturday encourages consumers to shop small and support local businesses.
  • The event generates significant revenue, with consumers spending an average of $485 annually on local businesses1.
  • Effective small business marketing can enhance local presence and boost sales.
  • Holiday shopping on Small Business Saturday revitalizes the local economy.
  • Engagement with local customers is paramount to capitalizing on this event’s potential.

Introduction to Small Business Saturday

Since 2010, Small Business Saturday has grown thanks to American Express®34. It helps small businesses during the busy holiday season. It falls between Black Friday and Cyber Monday3. Since 2011, the Small Business Administration has backed the campaign, highlighting local shopping’s community benefits3.

The *Shop Small movement* boosts local economies and keeps neighborhoods unique3. Small Business Saturday encourages shopping at small businesses, with over $120 billion spent in the last ten years5. American Express® supports the event with free tools for business owners, making it easier for them to join and draw customers3.

Shopping locally has big impacts; 67 cents of every dollar stay in the community5. This supports jobs and community growth. Also, more people shop locally every year on this day. In 2015, shopping increased by 8%, reaching 95 million people with a spend of $16.2 billion5.

The idea behind *Small Business Saturday* is to support local shops and restaurants3. This helps them stay open and keep their unique place in communities. Supporting them on this day boosts local economies and preserves neighborhood uniqueness3.

What Is Small Business Saturday?

Small Business Saturday is celebrated on the Saturday after Thanksgiving. It’s a shopping holiday focused on supporting local shops. American Express kicked it off in 2010 to help smaller businesses during hard times6. It happens each year from November 24 to November 30, inspiring people to shop at unique, local stores.

Shoppers play a key role on this day. In 2021, they spent more than $20 billion, topping the year before’s $19.8 billion7. This support is crucial for community shops. Roughly $0.67 of every dollar spent stays in the local economy. This boosts local growth and shows the importance of shopping nearby7. The U.S. Chamber of Commerce notes how local businesses add a special touch to every community.

Social media has been vital for Small Business Saturday’s success. Hashtags like #smallbusinesssaturday and #smallbizsaturday got nearly 30,000 tweets, raising awareness6. The first year saw over a million Facebook “likes” in support of the day6. This shows how online chatter can complement shopping in person.

Consumers spend about $184 billion annually on this holiday, says American Express8. Also, 78% of people surveyed think small businesses are crucial for their areas. This highlights the important role of small business advocacy in communities8. The day’s impact goes beyond just sales. It builds community pride, keeps neighborhoods charming, and supports the growth of small businesses.

Why Participating in Small Business Saturday Matters

Small Business Saturday greatly benefits your local business. It was started by American Express to boost small businesses’ PR and marketing. It also shows how community support can increase customer visits9. Taking part helps small business owners create stronger community ties. These ties help the local economy grow and help the community flourish.

Community Support

Small Business Saturday makes communities stronger by asking people to shop locally. In 2021, over 51 million people shopped locally on this day, showing more community involvement10. Shopping locally helps the local economy stay lively and supportive. It also helps public services and makes life in the community better.

“Building a community around your business is not just about sales, but about creating lasting connections.”

Increased Visibility

Small Business Saturday helps local businesses get noticed, which is key for growth. Last year, shoppers spent about $23.3 billion at local shops and restaurants on this day11. This visibility can lead to more sales and recognition.

Owners also use marketing tools from American Express, like posters and social media content, to draw in customers11. This not only attracts more customers but also strengthens the business’s place in the community.

Effective Marketing Strategies for Small Business Saturday

Boost your business on Small Business Saturday with smart marketing moves. Mix email marketing, social media, and local SEO. This will grab future customers’ attention.

Email Marketing

Emailing is a top way to promote holiday sales and events to your customers. Tailor your emails to match what different customers like. Small Business Saturday brought in roughly $17.9 billion in 2022, showing that well-planned emails really work12.

Social Media Campaigns

Use social media to let people know about your Small Business Saturday deals. Being creative and sharing stories helps catch attention and create a community feeling. Remember to use #SmallBizSaturday to reach more people. Over 75% of Americans aim to support local shops, making social media key13.

Local Listings

It’s important to make sure your business shows up online for potential buyers. Keep your Google, Yelp, and Facebook listings current. This increases your visibility online, which is crucial for Small Business Saturday12.

Over the years, Small Business Saturday has led to $163 billion spent, showing how vital online details are14.

Creating Attractive Offers for Small Business Saturday

On Small Business Saturday, making special promotional offers can really boost your store’s visits and sales. Shoppers are looking for good holiday deals. The right offers can help your business shine.

Buy One Get One Free

Buy One Get One Free (BOGO) is a great strategy. It appeals to those wanting good deals, making them more likely to shop with you. In 2022, around 120 million shoppers went out on Small Business Saturday. This shows how great deals can bring in lots of customers15.

Discount Bundles

Discount bundles also attract shoppers. Offering multiple products for less can show value and push for quick buys. This not only boosts sales but also gets customers to check out more products. In 2022, Small Business Saturday made about $17.9 billion, showing the big sales potential of smart deals15.

Limited-Time Offers

Limited-time offers create urgency. They make shoppers buy sooner by offering special deals only available on Small Business Saturday. In 2021, sales for the day hit $23.3 billion. This shows how timed offers can greatly increase earnings16.

Making great promotional offers like BOGO deals, discount bundles, and time-limited sales draws in holiday shoppers. By offering these deals, you can make your Small Business Saturday very successful.

Hosting Small Business Saturday Events

Hosting events on Small Business Saturday can really help your local business. Every year, over 51 million people join in. They come to stores because of events like street fairs or pop-up markets17. These events make shopping fun and draw people to your area17.

“Small Business Saturday was first launched in 2010 by American Express, and has become a staple for local enterprises, fostering a community spirit that encourages shoppers to buy local”17.

A Shop Hop Challenge is a great way to get customers excited. It lets them explore different stores, making their shopping fun and increasing visits to your shop17. Turning parking lots into markets for local creators also offers unique finds not available online.

Planning a community scavenger hunt is another cool idea. It guides people to explore various local spots, making the day enjoyable17. Working with local eateries for a Taste of Local Cuisine Festival also pulls in crowds, combining shopping with great food17.

These events can also help collect valuable customer info for future marketing17. By getting people to share their contact details, you grow a list for later use.

Such events boost your store’s foot traffic and visibility. They also let you work with other businesses, making the community tighter and bringing back happy customers1718. This creates a special shopping experience, which is key to keeping customers loyal and boosting sales over time1719.

Partnering with Other Local Businesses

Working with other local businesses can widen your reach on Small Business Saturday. By using collaboration strategies, you can cross-promote and host joint events. This boosts customer interest and increases sales.

Joint Events

Organizing events with other businesses can attract more people. For instance, holding a workshop or a holiday event brings in new customers. It helps in sharing marketing efforts for bigger audience reach, increasing community participation and sales.

Studies show that events or workshops add value for customers on Small Business Saturday20. Working with others also increases traffic and sales when activities match what customers like21.

Cross-Promotions

Cross-promotions with local businesses can up your marketing game. By joining forces for special offers, you can attract more customers. A coffee shop and a bookstore might offer discounts on each other’s products. This boosts sales and encourages community connections.

Research finds that collaboration strategies boost customer numbers and sales on big shopping days like Small Business Saturday20. Small businesses that provide unique shopping experiences and great customer service also gain loyalty and perceived value21.

Also, sharing marketing tools helps stretch your budget and reach different customers. 70% of Americans are on social media, making it a key channel for these promotions22.

Focusing on shared marketing efforts and developing community partnerships can strengthen your local impact. And help you make the most of Small Business Saturday.

Promoting Your Small Business Saturday Offers Online

To get the best results on Small Business Saturday, it’s key to use online promos. Making a solid online marketing plan can bring in lots of customers. They’ll be excited about your e-commerce deals for this important shopping day.

Research shows social media strategies, like giveaways and working with influencers, really help boost sales for Small Business Saturday23.

Start with targeted ads on social media. These ads can pinpoint people who might like your offers. Using sites like Facebook, Instagram, and Twitter is vital to get your deals seen by many.

Another good plan is creating email deals for Small Business Saturday. Sending specific offers to your customer list can increase sales well. You can promote special discounts or online deals that are only available via email.

It’s crucial to keep your local listings updated. Make sure your business info and latest offers are correct on sites like Google My Business and Yelp. This helps your online presence and brings in more local shoppers.

Finally, teaming up with influencers can broaden your audience. They can get people excited about your items and deals, leading to more visits to your store. With these online marketing methods, you’re set to do great this Small Business Saturday24.

Engaging with the Local Media

Getting involved with local media helps make your Small Business Saturday efforts go further. By using media outreach and public relations effectively, your local press coverage grows. This draws more customers to you.

Write-Ups and Articles

Writing articles about Small Business Saturday and what makes your business special is a smart move. Talk about your business’s role in the local economy to grab attention from local papers and online sites. With over 31 million small businesses in the United States25, telling a story that clicks with people can make you shine.

Focus on the “Shop Small” and “Buy Local” messages. They matter a lot on this day and get more people interested26.

Press Releases

Sending out press releases about your Small Business Saturday events and deals boosts local media interest. Mention any exclusive deals, limited-time offers, or special events you have planned. Include facts that highlight the importance of the day, like its over 11 years of growing popularity25.

Make sure your press release reaches the local media outlets that want to support local businesses.

Working with local media opens up chances for both media outreach and public relations. This improves your local press presence. It brings more people to your store, raising sales on Small Business Saturday.

Using Social Media to Maximize Sales

Using social media marketing is key for Small Business Saturday. Last year, around 51 million people participated, showing the power of online platforms in growing sales27.

Create fun contests and share special codes on your social media pages. The National Retail Federation found that over 121.4 million shopped online or in-store last November’s Saturday. This shows a big chance for businesses to grow online engagement28.

Adding influencer partnerships to your social media marketing plan can increase sales. Influencers can introduce your products to new people, boosting sales and widening your audience27.

Also, use things like Facebook and Instagram stories and livestreams to connect with buyers. Over 77% of shoppers said Small Business Saturday motivated their purchases. This highlights how vital specific online engagement is28.

Platforms like Facebook, Instagram, and Pinterest have shopping features that lead directly to sales. Display your products on these to attract more people and encourage online buying. This can greatly increase sales27. Also, nearly 68 cents of every dollar spent at local businesses stay local29. This shows how buying local benefits the community.

Using social media contests, reveals of special offers, influencer partnerships, and specific platform features can majorly boost your sales this Small Business Saturday. By focusing on social media marketing, you drive engagement and sales. This helps local businesses thrive.

Conclusion

Small Business Saturday is a key chance to boost and honor America’s small businesses. It was started by American Express. This day highlights how crucial it is to back local shops that are so important to our economy30. When you shop local, you’re not just helping the economy. You’re also cheering on the entrepreneurial spirit in your town.

To make Small Business Saturday successful, you need good marketing, fun events, and to work with nearby stores31. Small businesses bring jobs, new ideas, and variety. They are vital for the well-being and future of our local areas30.

Supporting small businesses does more than just help for one day. It builds community connections and keeps support going32. Last year, about 112 million people shopped small, and that number can get even bigger32. By choosing to shop at local businesses, especially on important days like Small Business Saturday, you help keep our neighborhoods lively and strong.

Source Links

  1. Small Business Saturday: Everything You Need to Know – https://www.uschamber.com/small-business/everything-you-need-to-know-about-small-business-saturday
  2. What and When Is Small Business Saturday? – https://www.investopedia.com/small-business-saturday-5085723
  3. Small Business Saturday: Everything you Need to Know – https://www.getvms.com/small-business-saturday-everything-you-need-to-know/
  4. What is Small Business Saturday®? – https://www.balboacapital.com/blog/what-is-small-business-saturday/
  5. The History of Small Business Saturday (Including FAQs) | Farm Bureau Financial Services – https://www.fbfs.com/learning-center/history-of-small-business-saturday
  6. Small Business Saturday – https://en.wikipedia.org/wiki/Small_Business_Saturday
  7. What is Small Business Saturday and why is it important? | Invoice2go – https://invoice.2go.com/blog/what-is-small-business-saturday/
  8. Small Business Saturday 2023 – https://www.uschamber.com/co/grow/marketing/small-business-saturday
  9. Why Small Business Saturday Matters – https://www.forbes.com/sites/chrismyers/2015/11/24/why-small-business-saturday-matters/
  10. What can small businesses do on Small Business Saturday? | vcita – https://www.vcita.com/blog/small-business-tips/small-business-saturday-success
  11. Small Business Saturday: An Important Holiday That Isn’t A Day Off – https://www.forbes.com/sites/rohitarora/2022/11/25/small-business-saturday-an-important-holiday-that-isnt-a-day-off/
  12. 24 Small Business Saturday marketing ideas to promote your business – https://www.nextinsurance.com/blog/small-business-saturday-marketing/
  13. Small Business Saturday Survival Guide – businessnewsdaily.com – https://www.businessnewsdaily.com/7354-small-business-saturday-tips.html
  14. Small Business Saturday Success Tips For Business Owners – https://staxpayments.com/blog/small-business-saturday/
  15. 7 Ways to Make the Most of Small Business Saturday | Bankrate – https://www.bankrate.com/loans/small-business/how-to-make-the-most-of-small-business-saturday/
  16. 14 Small Business Saturday Marketing Ideas For Retailers – https://www.retaildoc.com/blog/small-business-saturday-marketing-ideas-for-retailers
  17. Elevate With These Creative Small Business Saturday Event Ideas – https://info.eventvesta.com/organizer/small-business-saturday-event-ideas/
  18. 30 Small Business Saturday Ideas to Try This Year – https://www.gosite.com/blog/small-business-saturday-ideas
  19. Small Business Saturday – https://www.bookweb.org/topics/small-business-saturday
  20. 15 Small Business Saturday Ideas to Increase Revenue – https://use.expensify.com/blog/small-business-saturday-ideas
  21. Five Expert Tips to Win on Small Business Saturday – https://www.uschamber.com/co/start/strategy/expert-tips-small-business-saturday
  22. Small Business Saturday Tips & Ideas – https://hires.shareable.com/blog/ideas-for-small-business-saturday
  23. 40+ Easy Small Business Saturday Marketing Ideas | LocaliQ – https://localiq.com/blog/small-business-saturday-ideas/
  24. 8 Fantastic Small Business Saturday Ideas for 2024 – https://www.webfx.com/blog/marketing/small-business-saturday-ideas/
  25. Small Business Saturday: When is it and how to celebrate – https://sproutsocial.com/social-media-holidays/small-business-saturday/
  26. How to Promote Small Business Saturday in Your Local Market – Small Business Marketing Tools – https://www.sbmarketingtools.com/how-to-promote-small-business-saturday-in-your-local-market/
  27. 5 ways to promote your brand on Small Business Saturday – https://www.upfluence.com/influencer-marketing/5-ways-to-promote-your-brand-this-small-business-saturday
  28. Small Business Saturday: What is it + 10 ideas to boost sales – https://simpletexting.com/blog/small-business-saturday/
  29. Small Business Saturday: 8 Tips for Small Businesses to Increase Exposure, Leads, and Sales – https://www.score.org/resource/blog-post/small-business-saturday-8-tips-small-businesses-increase-exposure-leads-and
  30. Beyond Black Friday: The Importance of Small Business Saturday – https://paulsegreto.medium.com/beyond-black-friday-the-importance-of-small-business-saturday-c1d890e0cfd4
  31. Why Celebrating Small Business Saturday is More Important Than Ever – https://www.linkedin.com/pulse/why-celebrating-small-business-saturday-more-important-vdqqe
  32. Small Business Saturday – Alabama Small Business Development Center – https://www.asbdc.org/blog/small-business-saturday/

Leave a Comment