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March 7, 2016
by Andrea Wolfson
Comments Off on A Basic Guide To Getting Rid Of Excess Stock

A Basic Guide To Getting Rid Of Excess Stock

Every shop has slow moving items. If you end up letting them stack up it might end up causing you a lot of issues in terms of you not being able to purchase more new goods and such. That is to say you need capital investment to renew your inventory. If your money is tied up in goods that aren’t selling your options would be severely limited. Trends simply seem to change over time. So it would be in your best interests to sell them our as fast as possible. There of course many avenues you could try to get rid of these goods.

You need to have a good plan to ways to improve cash flow before you get into it. A Lot of people tend to try various methods which don’t necessarily end up working out. One of the easiest methods would be to simply revamp how the goods are displayed in your store. For an example you could end up arranging them in a different pattern in a different area of the store etc. Even the simplest things like changing all of the all tags with brand new tags would help as this would make the customers who come into your store think that these goods are new. You of course go so far as to tag them as new products and display them as well.

Before we move on I must mention that sometimes the sole reason that particular goods may not be moving on could simply be that your employees are not very keen on advertising that product to your the customers that come in. So pay attention to this and fix the problem. Then you wouldn’t have to utilize a lot of the methods that I will mention now.

There are a few good methods to sell excess stock as well. One of the best would be to have discount sales. You could sell them in bulk for a discount price this would increase the number of sales this product will have. In addition to that you could simply give very steep discounts on the goods altogether. This would also increase the amount of sales that good will have. Everybody likes to buy things on sale. It just registers in your brain as soon as you see something on sale you feel like buying. Of course if you are putting sales it is essential that you have a good marketing campaign as well to get people to come into your store, know more about reduce overhead costs at http://www.bartercard.com.au/reducecosts.html. All in all what is essential is that you find some method to get rid of your extra inventory as this would be big headache for you.