Best Buy is adopting the subscription model. In this episode we give you 3 tips on how to prepare for the clash of the titans.

Research- Know who offers what and how it effects your budget
A La Carte- What stores do you use for a one time purchase, and which ones do you consistently shop at
Necessity vs luxury- Remember you pay for convenience. Is that $2 burger from McDonalds worth that $5 delivery charge and tip? So a $2 snack turns into a $10 expense.

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Hello, I’m your favorite faith based financial Advisor, Alajahwon Ridgeway and today there is something we need to talk about. It looks like, we may see a battle royale occurring like King Kong vs Godzilla. As we all know Amazon has changed the landscape on how consumers, consume goods. With their subscription model, we have seen millions of consumers turn to Amazon for all of their shopping needs. Well, Best buy is not going down without a fight. They are planning to launch their own subscription model that includes Geek Squad technical support, free standard shipping, and a laundry list of other services that are going to be exclusive to their store. Brian Sozzi goes into depth in an article listed on Yahoo! Finance titled “Best Buy is the latest retailer to attack Amazon Prime”

You may be asking. Why should I care? Well, even if you have been living under a rock, it probably has GPS under it. Which means that up to date technology has clearly been the theme of the past 20 years. As turn around times between technological advances is shortening, we are seeing a surge in the purchase of electronics. And who can profit more than a company that specializes in it.

I guess if you can’t beat them, join them. If you can’t develop an innovative business model, adopt and adapt. And that is exactly what they are doing...