|
The starting stock for the online store It is essential, even more so at the beginning, to accurately calculate the amount of stocks you need. Stock insurance costs Depending on the purchase cost of the products and financial availability, you will be able to determine the optimal amount of stock to order; it is recommended that it be sufficient to be able to honor the orders and not so high as to put pressure on the cashflow , and that the money be blocked until the moment when you manage to sell the goods.
Storage space, seasonality Products that require special storage conditions can British Student Phone Number List generate significant costs, which you cannot afford from the start. Inventory turnover, which refers to how quickly you can sell your merchandise, is an essential element when it comes to choosing storage space. In the situation where you work with perishable goods or with products that have expiration dates, you will need special storage conditions; the conditions are not as strict when working with non-perishable products.
If you sell seasonal products, you must have a clear strategy in mind, so that you know the steps to follow in the off-season, when the products are not in demand; in this way you will be able to organize yourself and order the optimal quantity, which is consistent with the storage method, the validity period, the speed of stock rotation and seasonality. Bulk orders vs lots Depending on the quantity you estimate to sell, decide whether to purchase the goods individually or in batches. Although small piece orders can be more expensive, this decision will help you test the market and identify which are the most desirable and profitable products, so that money will not be tied up in the goods, and inventory management will be easier.
|
|