Costco Change Ushers Opportunities For Entrepreneurs (Big Shifts Coming Soon!)

A recent change by Costco may be an indication of massive opportunities to come for entrepreneurs and small business owners.

So what’s the deal with Costco and how will it provide opportunities for entrepreneurs in the coming years?

Follow along with me and I’ll show you how.

Costco, as a business, is known for its deliberate and cautious approach, unlike some competitors who rapidly follow trends.

While the warehouse club keeps an eye on rivals like Walmart and Amazon to gather information, it doesn't necessarily copy them.

Costco's focus is on its promise of offering low prices rather than providing an extensive range of products with free, next-day shipping, like traditional retailers.

In the realm of e-commerce, Costco has been cautious and selective in its efforts.

It wasn't quick to embrace digital platforms, as its members prioritize cost savings over extra digital features.

To cater to digital demands effectively and affordably, the company partnered with Instacart to offer same-day delivery to its members.

Now, there are signs that Costco is gearing up to expand its digital business.

The company has also made efforts to strengthen its digital business by hiring new executives and undertaking a two-year roadmap to improve its e-commerce website, mobile apps, and mobile site with increased engineering capabilities.

So why does this matter?

Well, simply because I believe this reveals something important in the landscape of consumer commerce.

Costco has always been fairly conservative in its approach to the new way commerce is done.

These updates, to me, indicate that we’ve reached a point of no return - that the Amazon model will be the majority model moving forward.

This isn’t to say that small brick-and-mortar businesses will be gone for good, just that the biggest companies may not be the ones taking up that space in the not-so-distant future.

This could mean massive potential for smaller business owners as people tend to respond to what’s "normal" by seeking out what is different.

Pair this with the change in commercial real estate as more and more businesses are trading their office buildings for work-from-home models and you’ve got a recipe for some interesting opportunities.

I, for one, am excited to see what kinds of things entrepreneurs and small business owners do in the coming years to take advantage.

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