1586 - The LCS Spectrum

Source:
https://www.podbean.com/eau/pb-5qxgy-1b492ce

Dr. Beckett discusses “The LCS Spectrum,” arguing that local card shops can succeed in many different ways, from old-school vintage-heavy stores to modern, high-end shops focused on new product, breaking, events, and social media. He proposes an idea for a directory or app that profiles shops with verified answers so travelers and customers know what a store offers, and so manufacturers like Fanatics, Panini, Upper Deck, and others could use consistent criteria for direct accounts and allocations. Using his former Dallas shop First Base as an example, he outlines categories for evaluating an LCS, including business sustainability, market/location, product mix, physical presentation, repeat business, creating collectors, people development, hobby citizenship, reach beyond local geography, and a distinctive “claim to fame.”
 
00:23 The LCS Spectrum Idea
02:10 Old School vs Modern Shops
03:30 Why Categorize Shops
04:10 Dealers and Hobby Economics
05:52 1 Real Business Basics
06:48 2 Location and Market
07:46 3 Product Mix Inventory
09:08 4 Store Presentation
09:54 5 Repeat Business
10:11 6 Creating Collectors
11:40 7 People Development
12:30 8 Hobby Citizenship
12:55 9 Reach and Celebrity
13:50 10 Claim to Fame
14:33 Modern Requirements and Allocation