Cash Mobs Give Small Businesses a Boost

May 18, 2012

in Economy,Featured Customers,gift & gourmet business,Packaging,trends

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You may have heard about flash mobs – groups of people randomly showing up in places like shopping centers to perform spontaneous yet intricate dance routines.

Now cash mobs have started another social movement that involves perfect strangers agreeing to show up at a local small business at the same time. Each person then “mobs” the business with $20 cash.

Nashville Wraps’ customer Handmade Market in Fayetteville, AR was recently mobbed by 60 participants from the Fayetteville Cash Mob. Owner Mim Wynne commented, “Our normal Saturday sales were tripled and everyone knew why they were there, which was to shop locally.” And the great thing for Mim was that many customers spent more than $20.

Cash mobs came about after a Cleveland flash mob turned into a destructive riot that looted several small businesses. Local attorney Andrew Samtoy and his friends thought about how to turn the idea into something positive.

“We were thinking about how businesses could be ruined just by kids running in and stealing stuff,” explained Samtoy. “But what if responsible, law-supporting citizens decided to go into these businesses and spend their money, en masse, to give the business owner a little bit of economic stimulus? Imagine if 100 people showed up at a farmers’ market and each spent $20. That would be $2,000 into the local economy for stuff that we need or want anyway.”

The US Small Business Administration estimates that small businesses create 65 percent of new jobs. Also, small businesses give back to local communities far more than big box retail chains.

Cash mobs have popped up in cities across the United States and around the world. They use social media including Facebook and Twitter to get the word out about the meeting location and time. The focus is on locally-owned and independent small businesses. They usually plan a mob once a month. Participants don’t know the business they are mobbing until everyone meets. This element of surprise is part of the fun.

The benefit to each small business, after the initial sales, is repeat customers, since many of the cash “mobbers” have never been in their stores. The business owners are asked by the organizer ahead of time for permission. This gives them time to prepare and advertise the event too. They are also encouraged to give back to the community in some way.

To learn more about how you can start a cash mob in your community, watch the video above and visit these websites:

www.cash-mobs.com

Find & Organize Cash Mob Events

Cash Mob Marketing

US News – Cash Mobs Flash Mobs Go to Bat for Small Businesses

Business Week – Joining the Cash Mob to Help Main Street

Buffie Baril

Buffie Baril helps with online advertising, social media marketing, and search engine optimization for Nashville Wraps. She loves learning, interior design, healthy cooking and most of all her fabulous husband and her three brilliant and very funny children.

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{ 2 comments… read them below or add one }

Malisa May 27, 2012 at 5:25 am

LOVE this concept. As a new online gift store based locally in Northern Virginia we certainly appreciate what this means to local economies and small business owners. All of the products in our store are Made in the USA and we use local service providers and other small businesses for the few things we outsource. We have met such wonderful people who have worked hard to build wonderful businesses. Amazing how such small amounts of money can have such significant impacts on small businesses. Thank you for sharing!

Alice July 2, 2012 at 8:49 am

Thanks for sharing this wonderful idea!

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