As you previously discovered in part one of this series about using effective (non traditional) inventory control methods, to help make running your business a little easier and less stressful.
It’s really important for you to realize, that no matter which proven traditional methods, tactics or strategies you use, to accomplish this, the bottom line is still this.
At some point,you’ve got to sell something, otherwise everything else in terms of which traditional inventory control method (s) you use are irrelevant. Don’t you agree?
So let’s focus on a few more effective inventory control methods, that have very little to do with what type of software or conventional method you use.
Do This If You’re Finally Ready To Make Inventory Control Issues Less Stressful!
Picking up where part one of this series left off. As you recall, your local furniture store had their delivery staff give each satisfied customer a time sensitive discount coupon and as long as the customer redeems it before the coupon expires, the customer will receive an ongoing sliding scale savings percentage of 10-30% above the furniture stores actual cost.
Here’s the next way the customer makes out. Also previously revealed in part one. After inexpensively price testing, every customer that redeems their special time sensitive discount coupon and spends at least X amount of dollars.
They automatically get to purchase any one item the furniture store currently has in excess inventory and they can purchase it at the furniture stores actual cost. Here’s the next leg of this ongoing marketing process.
As long as the customer spends at least X amount of money for the entire year, once again the customer gets to purchase any one current excess inventory item of their choice, for the furniture stores actual cost.
So in other words, the furniture store rewards their most loyal customers, by selling them certain items at their actual cost. You think that type of non conventional marketing strategy will increase the furniture stores gross profits!
Absolutely. Because their customers will brag about their savings more often. They’ll tweet about it and post pictures on Facebook more often. Don’t you agree?
So do you feel more confident going forward, about how you can effectively manage your inventory control issues? Great. Glad to hear it.
Please list at least two simple spin off concepts (in the comments section below) that you can apply to your business, product or service in the next 30 days or less!
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