01946 444 664 hellomarkets@teguk.co.uk

It’s 8 a.m. on a chilly morning in Whitehaven, and market stalls are starting to buzz with activity. The smell of freshly baked bread mingles with the crisp morning air, and stallholders are setting up their displays, preparing for another day of business.

Now, you might be thinking, “What’s in it for me?” Well, whether you’re a new market trader or an experienced entrepreneur, there are golden opportunities waiting for you. Let’s dive into how the expanding UK retail market can benefit small local businesses like yours.

Big Stores, Bigger Opportunities

You’ve probably heard the news: Superdrug is opening 25 new stores in 2024, Phase Eight is upsizing at Bluewater, and Primark has just unveiled a massive 80,000 sq ft store at Metrocentre. But what does this mean for you?

Stand Out in the Crowd

Big retailers have their charm, but there’s something uniquely appealing about local businesses. People love the personal touch, the unique products, and the stories behind them. Use this to your advantage. Showcase what makes your business special. Are your products handmade? Do you source locally? Is there a unique story behind your brand? Share it!

Take inspiration from successful entrepreneurs who’ve carved out their niche. Look at how Jack built the about–blank fashion brand around limited edition staples, or how Lush created a loyal customer base with their fresh, handmade cosmetics. They didn’t just sell products—they sold an experience, a story, a community. You can do the same.

Collaborate and Grow

Another great way to leverage the growth of big retailers is through collaboration. Reach out to local branches of these big stores and propose partnerships. Maybe you can supply your products for a special promotion, or perhaps they could feature your story on their social media. Collaborations like these can boost your visibility and credibility.

And don’t stop there. Join forces with other local businesses to create a market event or a pop-up shop. When small businesses unite, they create a buzz that attracts more customers. Plus, you get to share the cost and the effort, making it a win-win for everyone involved.

Get Online, Stay Ahead

In today’s digital age, having an online presence is a must. Even if you’re a market trader with a physical stall, an online shop can open up a whole new world of opportunities. Look at Notonthehighstreet, a platform that showcases unique products from small businesses. By joining such platforms, you can reach customers far beyond your local area.

Social media is another powerful tool. Share your story, show behind-the-scenes glimpses of your business, and engage with your customers online. The more people know about you, the more likely they are to support you.

Learning from the Best

Success stories are all around us. Look at Innocent Drinks, which started as a small smoothie stall at a music festival and grew into a leading brand. These businesses didn’t start big—they started with a passion, a unique idea, and the determination to grow.

Every big business was once a small business. With the right opportunities, a bit of creativity, and a lot of hard work, you can turn your small venture into something big. So, what are you waiting for? The retail market is expanding, and there’s a place for you in it. Embrace the opportunities, stand out, collaborate, get online, and learn from the best.

And who knows? Maybe one day, your business will be the one everyone is talking about.

Ready to take the next step? Get in touch with us at TEG Retail. Let’s grow together and make your business the next big success story. See you at our next event!

As a Community interest Company we’re always on the hunt for sponsors, mentors and supporters with amazing, brilliant and great retail experience. If this is you, or someone you know we’d love to hear from you.