What to Do With Non-Selling Merchandise When You Start a Dollar Store
If you are about to start a dollar store likely one of your
concerns is to have the right dollar store merchandise on-hand to keep your
shoppers happy. Your hope is all products you offer will fly off the shelves as
quickly as they are put on display. While this is a great goal, the reality is
there will be some dollar store merchandise items that sell slowly or not at
all. And while it will probably be only a few, there will be some that just
seem to sit and collect dust. It is these super-slow and non-selling products
that should be of concern.
These slow-selling and non-selling products take up space,
you have money tied up in them, and obviously shoppers are telling you they are
not of interest when they do not purchase. In this article I present some
powerful ways to handle this problem. If you are about to start a dollar store
it is important to take note. Implement these ideas to reduce and even
eliminate the unwanted products in your inventory.
* Create a display spot
for closeout sales.
One of the best actions you can take is to promote your
slow-sellers and non-sellers at great prices. Create an end cap or other
prominent small space and put them on display. Be sure to price these items so
they are purchased. Your goal is to sell out and use the money to purchase
hot-selling dollar store merchandise.
Overstock Goods Outlet is a buyer
& seller of overstock, shelf pulls, surplus, and returns in the Atlanta,
Ga. area. They purchase freight loads of merchandise from major retailers and
catalog companies, which is sold for a fraction of the retail price. At
Overstock Goods Outlet we sell palletized merchandise online and here at our
local distribution warehouse.
They give our customers access to a wide variety of
merchandise including; Electronics, Sporting Goods, Furniture, Appliance,
Housewares, Apparel, Domestics, Footwear, and Truck Loads of General
Merchandise.
* Give bartering a try.
If you are about to start a dollar store then start thinking
creatively. Try selling or negotiate trades with other businesses in the area.
Possibly another dollar store or retailer will want your slow and non-selling
items. In some cases they may be willing to pay cash. In others they may be
willing to make a trade.
* Use other creative
ways to liquidate slow-selling and non-selling dollar store merchandise.
o Sell lots on craigslist.com - pull together batches of
products. List them for sale on craigslist.com. Try including a number of one
product, or batches of assorted products. You will soon find the right
combination to sell out.
o Offer larger quantities on eBay - whiles craigslist.com
provides exposure to local markets, eBay can provide much broader exposure. Try
the same as above. In one sale list a larger quantity of a single item. In
another assemble an assortment and see what happens.
* Plan ahead for the
holidays.
Don't get carried away and as a result over-buy. Preplan and
provide a good assortment of items for all of the major holidays and seasons.
Start reducing prices on slow-sellers in advance of the actual holiday date so
you are sold out when the holiday itself does arrive. Never store unsold
merchandise from year to year. Slash prices so the items are always liquidated.
How to Sell Slow
Selling Merchandise on eBay
Have you ever wondered how exactly is all the slow selling
merchandise being sold on the internet? Well, you'll be surprise to find out
that inventory that does not preformed good is being sold on eBay. It’s no
different if the inventory is from a store or simply an eBay seller trying to
sell their slow selling merchandise.
With a little help you can sell a lot of you hard to sell
merchandise by simply understanding how to create a good hype or
finding out that your listing is not being found by potential customers. Learn
how many power sellers move a lot of slow selling merchandise and benefit on
multiple sales per day.
It's no secret to any seller on eBay; many times sellers are
face with a reality that merchandise is sometimes very slow to sell. This
problem is giving toward some common reasons like bad search engine results,
slow market trends or yearly seasons.
No matter if you're a power seller or a new seller on eBay
you need to understand how to overcome the problem of selling your merchandise
that is performing very badly.
To begin you need to know how to recognize a slow trend in
the marketplace. Now trending is simply what people are searching for in search
engines. You can simply type in Trends on search engines and find the list of
trends and go over the top 100.
For example, a good reason your merchandise is not selling
could be the yearly seasons. Is it near Christmas, Valentine’s Day, Father’s
Day or Veterans Day? Use the seasons to identify how to set your inventory to
target customers and target them using keywords.
A good hint for a listing weeks before Father’s Day should
be "Father’s Day Gift Ideas - Your Product Description" this way
people are trending Father’s Day Ideas. For sure your product listing is going
to score very high due to the keyword phrase "Father’s Day Gift
Ideas".
This will be a major keyword you need to add to your listing
title and listing description. If you look for simple ideas on how to recognize
trending you can turn all your slow moving merchandise into a money making
inventory.
Another reason your inventory could be selling badly is the
poor listing on your auction. Now don't be serious and ask yourself "If
you were a customer would you buy your product"? More than likely you
answered No! Spend time writing your listing and this is the reason you have
slow selling product in the first place.
The more text rich your description on your items the better
search engines will rate on search engines. For further information click
here
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