Monday, November 25, 2013

Fourth Annual Small Business Saturday

November 30 is Small Business Saturday, started by American Express in 2010 to encourage shoppers to patronize small businesses on the Saturday after Black Friday.

The movement has been embraced by merchants and shoppers alike. Just check the Facebook page, which has 3.2 million likes. Yikes!

The Twitter account has 25,000+ followers. Check for the hashtag #smallbizsat and you'll see all kinds of specials and comments.

The Small Business Administration is one of many organizations supporting the movement with tips and clicks.

Yes, Amex gets a lot of publicity out of it, and yes, it would be nice if Amex got a lot of charge business too. In fact, Amex offers a free $10 credit for shoppers who use its card on Saturday (check the fine print for the details and limitations). Still, an Amex VP says: “Small Business Saturday is payment agnostic,” she says. “As long as consumers shop small, we don’t care how they shop.”

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