All Real Estate is Local...And Your Retailers Should Be Too!

By
Real Estate Agent with Mason Real Estate CA BRE 01444168

Anyone who knows me or reads my blog knows that I am an advocate of local shopping; in particular when it comes to Real Estate. I never could understand the logic of a local resident going to an agent 50 miles away (or further) and having them list their home for sale...just because they may know them or be related. The key has always been that local area experts do a better job of marketing a home for sale and end up with a higher price.

Well my advocacy extends beyond Real Estate and into the local community retailers, as well. Here in the Hemet - San Jacinto Valley, CA we have not one but two Super-WalMarts, that I have blogged about and questioned their 'job creation' and how most things there today, appear to be made in China.

SO WHAT IS THE 3/50 PROJECT?

I found a site on the web promoting "the 3/50 project®" that was started in March of this year by a former retailer, Cinda Baxter. A number of events unfolded the first week of that month, that would have a profound affect on Cinda that led to the creation of "The 3/50 Project®"...and apparently a profound affect on retail businesses across the country. Here are the events that sowed the seeds:

Monday: Oprah does a show instructing consumers to stop spending money on anything that was non-necessity
Tuesday: CBS News reports that “Consumer spending drives 70% of the economy. When consumers put their wallets away, the economy has trouble making a U-turn.”
Friday: In a guest spot on the Today Show, Erin Burnettfrom CNBC talks about how psychology plays into the economy and the importance of innovation in times of difficulty
Sunday: Erin’s back, this time on Meet the Press, chiding the national media for taking negative hyperbole into the stratosphere

Mix those together with a deep seeded desire to create a message that’s positive and achievable, and, well...you get a blog post written on March 11, 2009, giving birth to The 3/50 Project.

LETS TALK LOCAL RETAILERS AND WHAT WE ALL CAN DO

The entire concept of the 3/50 project is to spend your money locally and not in the big box stores or even worse online. Take a look around your community and imagine how you would feel if your three favorite retailers had to pack it up after Christmas...or anytime, because you and your neighbors took the quick and easy route of shopping in either a box store or the Internet. The entire goal of the project is to promote shopping in locally owned businesses while thanking customers for the positive impact that decision has on a local economy. The tag line of the 3/50 project, “Save your local economy three stores at a time,” pretty much says it all.

In researching the depths of the website, I found a press release where Baxter says, “We're constantly inundated with doom and gloom. The system is broken, the banks are frozen, the economy is bleeding. That's all we hear. The images painted by the media are ghastly and devoid of hope. What we need—what we crave—as a nation is to pinpoint areas where positive change can occur, then feel good about having promoted them.”

By early March, she'd decided enough was enough, and that it was time to give retailers ammunition to fight back with. Rather than get tangled in complex messaging and deployment, Baxter combined a straightforward theme, a free flyer, and her blog as the mechanism to launch The 3/50 Project.

“We ask consumers to think about which three stores they'd miss if they disappeared, then remind them to return there,” explains Baxter. “Shoppers have become so rooted in thinking about the essentials that they've forgotten about the little gift store on the corner whose owner remembers their name.”

“Fifty comes from the idea that if even half the employed population spent a mere $50 per month in locally owned retail stores, those purchases would generate more than $42.6 billion in revenue,” she continues. “That's a huge impact for a relatively small investment.” Which leads to a third number on the flyer, sixty-eight—the dollar amount that remains in a community's economy for every $100 spent in locally owned stores. By contrast, only $43 per one hundred remains local when spent in national chains; little or no revenue results from online purchases.

“In essence, the whole thing boils down to. Pick 3, spend $50, save the economy.' It's really that simple.”

Given the level of interest, a dedicated website has been established to promote the movement, link to the free flyer, and list participating retailers and other supporters. It can be found at http://the350project.net.

I would like to add that being a "Supporter" is Free. The only levels of membership have to do with the category of business you have; i.e. independent retail business, franchise, local support organization, etc. It's all free - it is here for us to promote the concept - Spend $50 a month between 3 local businesses each and every month. If we all do this, then yes, we can make a difference...a POSITIVE DIFFERENCE!

-

Posted by

Until Next Time, Have a Blessed Day,

John Occhi, ePRO, REALTOR®
DRE Lic No: 01444168


ePro,John Occhi,www.johnocchi.com,realtor      Certified Probate Real Estate Specialist Logo Awarded to John OcchiFive Star Logo,Certification,REO,Five Star Institute     

Excellence in Real Estate,Team Log,John Occhi,www.johnocchi.com,hemet,san jacinto,CA  

This blog and the contents written here is the intellectual property of John Occhi, Temecula - Murrieta, CA REALTOR® in the South West Riverside County region of the Inland Empire of Southern California.  The views and opinions expressed are just that - views and opinions of John Occhi and those who comment.  Please note that I am not an attorney or a tax professional and any time I discuss either topic, I suggest you consult with the proper professional for relevant assistance. 


I am proud to be a full time REALTOR® who is proud to be a contributing member of the ActiveRain community.

 Protected by Copyscape plagiarism checker - duplicate content and unique article detection software.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate General Information
Location:
California Riverside County Hemet
Groups:
SHARE YOUR FREEBIES
Posts to Localism
Localism Success and Accountability Group
Localism Beta
Local Expert
Tags:
350
retailer
retail
shopping
real estate
hemet
san jacinto
ca
blog
box store
local
community
christmas
neighbors
store
internet
locally

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainer
45,391
Al Wright
Affordable Canadian Home Inspections - Hamilton, ON

Good post. It certainly pays off to shop locally. Why have a realtor or in my case a home inspector who is not local. If there located outside the area they are not 100% up to date on the market and the condition it is in their local geographical area

Dec 08, 2009 07:15 PM #1
Rainmaker
402,301
Kathryn Acciari
RE/MAX Professional Associates, with offices in Sturbridge, Charlton, Auburn, Spencer, and Shrewsbury - Sturbridge, MA
Realtor - CDPE, CIAS, Sturbridge MA Real Estate

John, the 3/50 project is gaining exposure in our area, as we have numerous small shops and businesses.  I try to keep my spending as local as possible. 

Dec 08, 2009 09:16 PM #2
Rainmaker
302,065
John Occhi
Mason Real Estate - Temecula, CA
SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate

Al,

Point well taken.

Merry Christmas,

John

Dec 08, 2009 11:24 PM #3
Rainmaker
302,065
John Occhi
Mason Real Estate - Temecula, CA
SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate

Kathryn,

Cool, what are you doing to promote it, if anything?  I just found out about it - wrote this blog and sent a copy to the 20 members of my LeTip Chapter.

Merry Christmas,

John

Dec 08, 2009 11:25 PM #4
Post a Comment
Spam prevention
Show All Comments
Rainmaker
302,065

John Occhi

SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate
Ask me a question
*
*
*
Spam prevention

Additional Information