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The Clark Howard Podcast

06.26.24 Successful Small Businesses ACE Competition / Save On Amazon Devices

The Clark Howard Podcast

Clark Howard

Business, Investing, Entrepreneurship

4.65.2K Ratings

🗓️ 26 June 2024

⏱️ 31 minutes

🧾️ Download transcript

Summary

Smaller retailers being beaten by Goliath big box stores is an ongoing concern. Clark discusses a notable exception and their secret to success. Also, if you’ve purchased Amazon’s electronics brands over the years, Clark has a money saving tip to keep in mind.  Small Business Success: Segment 1 Ask Clark: Segment 2 Save On Amazon Electronics: Segment 3 Ask Clark: Segment 4 Mentioned on the show: How Ace Hardware, America’s neighborhood hardware store for 100 years, is beating its big-box rivals How to Deal With Medical Debt Can a Patient Advocate Help With Your Medical Bills? De Beers Will Quit Growing Diamonds for Jewelry | National Jeweler 7 Places to Get the Best Deals on Lab-Created Diamonds Key Savvy EV Credit Buy a lot of Amazon gadgets? You could get 20% off each time Clark Deals - TABLETS Best Budgeting Apps in 2024: Our Top 5 Have a CD Maturing Soon? How Letting It Roll Over Could Really Cost You Are Airline Miles Worth It? Thank you for listening today, Clarkies! If you want to be part of our “Clarkie” segment, call 404-981-2071 to leave a comment or story. We may play it during a future episode! Clark.com resources Episode transcripts Community.Clark.com Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This episode is brought to you by Bird's Eye Chicken Dippers.

0:05.0

Whether you like cooking or parenting podcasts, it's safe to say we've all got different tastes,

0:10.0

and that's fine.

0:11.0

So whatever you dip your chicken dippers in, catch up, mayo or even gravy, it's all good.

0:16.7

If you're after a convenient and tasty mealtime or snack, then pick up some birds-eye chicken

0:21.8

dipers at a major supermarket today.

0:24.1

For chicken worth dipping, it better be bird's eye. It's great to have you here on the Clark Howard Show. You know our mission is to serve you with advice and information that empowers you see you make better financial decisions in your life.

0:46.0

In this episode, there's been a lot of talk about smaller businesses being beaten up by the big Golias.

0:55.8

Well, you know one exception in that rule?

0:58.5

Ace Hardware.

0:59.8

Why is that?

1:01.4

I'm going to talk about it. Also, if you're someone who's bought Amazon

1:06.2

brands over the years of electronics, I have a tip for you to save money the next time you want a new Kindle or Firestick or any of the Amazon

1:18.0

branded and owned brands save you some money. So Ace Hardware has really done something that is happening behind

1:28.8

the scenes with a lot of small retailers because retailers face a big challenge and that is

1:37.7

retailers are dealing with a marketplace that if you're a small locally owned business how do you stand

1:46.6

out against the behemists of all shapes and sizes the behemists when I say shapes

1:52.4

and sizes they're the ones that are really big or really, really big. And so ACE is something people talk about because they have done so well in spite of facing two of the all-time most successful

2:10.4

mega companies in retail, Lowe's and Home Depot.

2:16.4

Home Depot is one of the world's largest retailers.

2:21.0

And the size that Home Depot and Lowe's are is what makes it possible for a small locally owned business to survive in the Ace Hardware example.

2:37.0

Ace gives people, you know so often with Ace it'll be a dual brand. It'll be the name on the building of the

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