For years, Billings & Gallons has tried to be on the pulse of the consumer market. We’ve done a great job getting in to our customers when they are first hitting checkout, introducing new products, and keeping customers satisfied. However, for next year, we need to get a little serious. Here are eight reasons why Best Buy will be the dominant financial services provider in 2022: 1. Big Customers: With a $15.6 billion U.S.
Thats insane. Theyre one of the largest retailers in the country. Why don,t they think they are? Weve all been there, right? We think so, theyll be huge this year. 2. Big Market Share We know for sure our competitors are going to spend less money but we think they can be profitable. 3. Growing Customer base To survive, we need to capture and grow these customers.
When we first started We took control of our customer, it is time to grow now. Weve built this store in the Northwest. Weve spent the last year building it to the point where we can afford to buy products from the big four, but we want to show our customers that We are the top of the line company in our area. 4. Big Brands Weve got many competitors in this business. You would think we would be a little cautious about how to build our brand.
When we first started, we didnt have any stores here in the Midwest… until now. With a great location that allows us to expand quickly, we are beginning to compete with Best Buy. 6. Strong Branding Weve already seen that Best Buy is taking the market share leaders, but in 2022 We should put together a stronger brand, to better position ourselves for the future. 7. Growing Ecosystem Our customers love to shop online too and to get our goods in front of them.
In 2018, Best Buy made the biggest acquisition of a financial financial services company in our business’ history, which is making them the dominant power in financial services business in the United States. Were going to have two generations of financial services brands. Weve been working with Best Buy to grow up. We are going to have a strong financial institutions ecosystem. If we have a strong brand, we dont have to spend millions on television commercials.
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