1000 times 1000
- Gerald Mullaney
- 6 minutes ago
- 2 min read
Why there are not going to be new stores
Why technology is the game changer
Gerald Mullaney
26 June 2026
People say we need more super markets more shops more competition in the banking arena.
Competition is coming but not in the form one would think.
However the business minds are finally being enabled to run a store that does not have the huge overheads before they open the store.
Gone are a lot of pre opening costs such as rates, insurance, building rent, opex, repair fund, wages and on it goes.
People who have become unemployed at the old era job, old era thinking.
Times are changing at a fast pace and the smarts are marshalling their resource and ideas.
Look no further than one's 36m2 garage that has house the two old era cars.
36m2 of pure retail space or storage command distribution centre that delivers.
Then of course their is the drop shipping were by the smarts may become an agent for a 1000 items and have to producer ship it while they claim 20 - 35% margin what a smart way to leverage the whole distribution system this requires less capital and more smarts.
The new era coming has many exciting opportunities as listed below.
Build an online business dispatch products daily by contract courier.
Build an online business that only drop ships thus reducing capital expenditure not premises, not stock held, all costs absorbed by the producer the producer glady pays 20 -35% fee for the pleasure of selling its products.
Become the consumers shopper this option takes valuable time however 20 consumers a week at 50.00 equals 1000.00 week might suit someone who has free time while the kids are at school more older people cannot get to the store anymore and this consumer is growing
therefore what is coming is that instead of going to one store for say groceries you may purchase from 1000 online offerings each online business will offer only 20/30 items might be as low as 5/10 items it may be run from the kitchen or lounge.
Legislation is in the progress of making using the word bank this is going to create 1000 new banks in the short future each bank will specialise in certain products might specialise in 1 or two products but will be deeply focused on a specific need to service.
Therefore we welcome the new era of 1000 times 1000.
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