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Liquidating non moving inventory

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In addition to taking up precious backroom or shelf space, surplus stock ties up capital and can keep you from re-investing in your business or buying things you actually need.That’s why regularly paying attention to your sales and inventory data is so important.Most likely because the warehouse is clogged wtih pallet after pallet of fake or duplicative "private label" goods due to the preponderance of knownothing You Tube gurus touting this as the Road to Riches on Amazon.

With over 12 years of specialization in the liquidation industry, Viatrading and Liquidate Now offer unparalleled exposure for your goods both domestically and internationally to a database of over 130,000 wholesale liquidation buyers and a mailing list of 200,000 opt-in subscribers.

A “free” table may also bring in new customers and increase sales. Speak to other suppliers about purchasing excess inventory.

Having too much inventory is pretty high up on the list of no-nos for retailers.

Avoid slashing prices too soon since you don’t want to lose money unnecessarily on your investment. Give away the inventory as gifts or samples to customers.

For instance, reward loyal customers with a free product.

Based on the quantity available, the mix of products and the desired recovery, it can be worthwhile to sell the liquidation lot in small quantities to many buyers until it sells out.

You ship the goods to the Via Trading facility where they are processed into small lots and sold by the case or pallet to hundreds of buyers. Certain types of products may be most appropriate for liquidation through Via Trading’s monthly live auctions.

But what about products with sporadic sales, or no sales at all? But as you add each item to this list, consider two questions: Is the item “critical” or merely “important”?

A recent article (not by this author) suggested that you should discontinue and liquidate the stock of any product that is not sold or used on a regular basis. A critical part not only shuts down a machine, it shuts down an entire process or vital service.

One thing you can try is to reposition them in your store.

You want to stock the products that your customers request most often in your warehouse(s). Every business needs to create its list of critical repair products.