3 ms·
Don't open your store in a mall. What if the mall closes or raises your rent?! (sarcasm!)
by jonny_eh 5y ago
Don't open your store in a mall. What if the mall closes or raises your rent?! (sarcasm!)
- josephcsible 5y agoIf the mall kicks you out, or raises rent so high you can't afford to stay, there will be other nearby places to go, and it's easy to retain your customers when you move somewhere else. If Apple kicks you off of the App Store or YouTube bans you, it's way, way harder to keep your users or audience.
- lapinot 5y agoThe power relationship between a mall and a store has nothing to do with the one between you and some multi-billion dollar evil corp.
- Kye 5y agoSimon Property Group isn't any more moral than Google or Amazon.
- josephcsible 5y agoThe point is that Simon's ability to harm you is way lower.
- marcosdumay 5y agoI've seen enough store-owners get bankrupt because they decided to move into a mall.
- esjeon 5y agoThat's why businesses always try to make their revenue model diverse, so that, even when one or two of them dry up, the business still have some breathing room left. This is a business 101 stuff. When you open a store in a mall, you better have another store outside the mall. Otherwise, you'll get killed rather quickly.
- cowpig 5y agoThis is a facile comparison. If your local mall was attempting to secure a de facto monopoly on all commercial real estate within driving distance, and was doing so by offering subsidized rents in the short-term funded by billion-dollar funds that demand a return on their investment, then you would have taken a few steps closer to, without having arrived at, an honest analogy