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Atricle Dump - Creating Cash Flow with Old Inventory
This story is about a plumber, and while that might not sound relevant to you, if you've ever advertised your business, if you're currently advertising your business or if you plan to advertise your business - you need to read this. Jim and Rebekah Ypma own Sonoran Desert Plumbing (SDP), about a year ago they aske
Do you want to build steady streams of qualified leads for your sales force? No matter what kind of marketing you use — direct mail... telemarketing... print ads... radio or TV— the same cardinal rule applies: test everything on a small scale before spending money on a big scale.'Testing' is an ugly topic. Why? Because testing
You need to have sufficient inventory to be profitable. However, having too much inventory is a larger problem than too little inventory.
Too much inventory ties up critical cash for your business. It can also result in more damages to your merchandise. The key is to find the right price to move your merchandise. Slow moving items take up space and cash that could be used for more profitable items.
There are times you have to adjust your pricing strategy. For example, let's assume your retail price is double your cost. In this example, you pay $10 and it retails for $20. If it is a slow mover or discontinued item, what should be the new price? I would take 20% off for 1-3 months, 50% off and then 75% off.If you have to sell at
Just like Christmas is a wonderful time for children’s book authors to market their Christmas picture books, Halloween is the perfect time for horror authors. There are many events you can plan ahead of time to sell books during the spooky month of October. For instance, you may do book signings at normal bookstores, or, better yet, at h
You need to have sufficient inventory to be profitable. However, having too much inventory is a larger problem than too little inventory.
Too much inventory ties up critical cash for your business. It can also result in more damages to your merchandise. The key is to find the right price to move your merchandise. Slow moving items take up space and cash that could be used for more profitable items.
There are times you have to adjust your pricing strategy. For example, let's assume your retail price is double your cost. In this example, you pay $10 and it retails for $20. If it is a slow mover or discontinued item, what should be the new price? I would take 20% off for 1-3 months, 50% off and then 75% off.If you have to sell a
I have to hand it to Tony Robbins for one thing, and that is sharing his secret for motivating yourself to accomplish anything.You have to associate NOT doing it with massive pain, according to that infomercial king, and he’s right.But he doesn’t go far enough, as far as I’m concerned.The better approach is not to th
Too much inventory ties up critical cash for your business. It can also result in more damages to your merchandise. The key is to find the right price to move your merchandise. Slow moving items take up space and cash that could be used for more profitable items.
There are times you have to adjust your pricing strategy. For example, let's assume your retail price is double your cost. In this example, you pay $10 and it retails for $20. If it is a slow mover or discontinued item, what should be the new price? I would take 20% off for 1-3 months, 50% off and then 75% off.If you have to sell a
So you have started your job search, and now you have a few interviews setup. Remember after you get past the initial stage of getting the interview set up the next biggest thing will be to make a wonderful first impression. In this article we'll take a look at dressing professionally and making a great first impression.There are
There are times you have to adjust your pricing strategy. For example, let's assume your retail price is double your cost. In this example, you pay $10 and it retails for $20. If it is a slow mover or discontinued item, what should be the new price? I would take 20% off for 1-3 months, 50% off and then 75% off.If you have to sell a
The other day I was cleaning out my refrigerator. I hate to admit it but it's not something I do often - note to self, delegate fridge cleaning.While I was tossing out stale bread and stinky leftovers (some I couldn't quite recognize...yikes!), it occurred to me that in business the things that prevent you from growing rapidly are
I can hear you yelling now. I'm not giving away my inventory. You are looking at your inventory from the wrong perspective. Your product is worth what a customer will pay for it.
Using the above example,let's say you sold your product at 75% off. How much did you make on that item?
Your answer is probably that it was a loss of $5.This was based on a $10 cost and $5 retail. That answer is partially correct. The more correct answer is that you made $5.
You took an item that was producing zero and turned it into $5 cash. You can take that cash and space and use it for a profitable item. Many times a business does not have enough cash to buy the desired quantities of the best selling products. If you take the cash from the poor sellers and use it for good sellers, y
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