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#008: The Hidden Costs of Inventory Hoarding
Manage episode 455745200 series 3622588
RETAILMavens द्वारा प्रदान की गई सामग्री. एपिसोड, ग्राफिक्स और पॉडकास्ट विवरण सहित सभी पॉडकास्ट सामग्री RETAILMavens या उनके पॉडकास्ट प्लेटफ़ॉर्म पार्टनर द्वारा सीधे अपलोड और प्रदान की जाती है। यदि आपको लगता है कि कोई आपकी अनुमति के बिना आपके कॉपीराइट किए गए कार्य का उपयोग कर रहा है, तो आप यहां बताई गई प्रक्रिया का पालन कर सकते हैं https://hi.player.fm/legal।
From inventory that overstays its welcome to cash flow struggles, this episode unpacks the hidden costs of holding onto unsold merchandise. Learn how bold markdown strategies, efficient inventory turnover, and a shift in mindset can transform your profits and free up cash to reinvest in your best sellers.
What You’ll Learn in This Episode:
- Why holding onto slow-moving inventory is costing you more than you realize.
- The benefits of bold markdown strategies and cash flow reinvestment.
- How to identify best sellers and maximize inventory turnover for higher profits.
Key Takeaways:
- [03:28] A story about the real cost of keeping lazy inventory.
- [07:28] Strategies to turn stale inventory into cash flow.
- [09:55] How a mindset shift about markdowns increases profits.
Resources & Links
- Get the Clearance Sale Secrets program now to liquidate unwanted retail inventory in 6 weeks, without destroying margins or discounting best sellers
- Read this blog to learn why you should never do a storewide sale!
- Ready to coach up? If you’re already at 6 figures and ready to scale up to 7 figures, watch our free class: 3 Steps to Maximize Profit & Reduce Overwhelm. If you’re not there just yet, watch: How to Increase Your Sales So You Can Consistently Pay Yourself & Your Staff. Together, we'll help you build the profitable, sustainable business you've always dreamed of – one that lets you sleep better at night knowing your retail dreams are becoming reality.
- Follow us on social media for more updates! Facebook / Instagram
- Join the community with ambitious store owners in our Richer Retailer Facebook Group
Have questions? Reach out via email!
Listener Action Steps
- Never miss a moment, subscribe to Richer Retailer on your favorite podcast platform!
- Loved this episode? Leave us a 5-star review to help more retailers find us!
- Join the Retail Mavens community at retailmavensfb.com to brainstorm ideas and gain support from fellow retailers.
Thanks for tuning in to Richer Retailer, where we help you build a business that serves your life. See you next time, and remember: YOU ARE LOVED!
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