According to Paul Mampilly, a trusted investment guru who writes for Banyan Hill Publishing, 2019 is going to be a year of upheaval for large businesses. According to Mampilly, big businesses are going to start acting like smaller businesses. This will lead to a series of adaptable, modern-thinking companies interested in gaining a more personal relationship with their consumers.
2018 was a hard year for big business. Many veterans began closing up shop in the wake of an increase of online sales, modern sales practices, and modern consumers. At the same time small start-up companies were making bank. Not only were they selling products but they were creating interpersonal relationships with consumers. Such companies used social media, multi-level marketing, and other modern business practices to gain the upper hand.
Despite the size of big business it soon found itself losing money hand over fist. The age of look but don’t buy began. Consumers began visiting retail to look at a product but would refrain form buying it because it was cheaper online. Numerous companies like Toys ‘R’ Us were suddenly on the fence. Best Buy was one but it was able to make a comeback by adapting to modern day sales practices. Paul Mampilly believes it will not be the only one.
In order to survive big companies are going to have to adapt and began acting like smaller start-ups. In Paul Mampilly’s eyes this means new modern product lines, multi-level marketing aspects, increase use of social media, and direct-sales approaches. Companies are going to become in tune with desires of the consumer and follow their trends. This will lead to a revival for big business in 2019 and many will come back from the brink. Of all the projections Paul Mampilly has made about 2019, he is most certain about this.
About Paul Mampilly
Paul Mampilly is a professional investor with decades of experience on Wall Street. Mampilly was a senior portfolio manage, hedge-fund manager, and money manager for various companies. During the financial crises Mampilly was one of a few investors who actually made profit. A master of stock-based investments Mampilly works as an analyst assisting mid-level investors make profitable returns.