When a business owner starts to realize that overflow merchandise is building up, he needs to take direct, positive action. There are several proven strategies to utilize to find solutions to this common problem.
The benefits of obtaining a storage unit for the overflow products include knowing that they’re locked up, safe and secure, that they’ll remain in pristine condition if the contents are not packed or stuffed too tightly, and having easy and convenient, 24/7 access to it with either a key or digital combination code. There are storage units of all shapes, sizes and price points. They can be rented by the day, week, month or year. The size and time elements will best be determined by the size and amount of excess merchandise that the business owner wishes to put into locked storage.
Selling At A Discount
Another excellent strategy to rapidly diminish an overstock of merchandise is to hold closeout type sales by simply selling some or all of the excess merchandise at various discounts, anywhere between ten and seventy five percent off, depending on the exact type of merchandise and how much excess quantity of it is desired to be liquidated. Consumers flock to these special sales events, especially when they’re well advertised in print, online, on the radio, and if it’s affordable, on TV as well.
Expanding Current Premises
The physical size or square footage of an owner’s existing business may simply be too small for all the new merchandise he has acquired over time since he first opened his shop. So if local building codes allow it and there is enough extra space on the property surrounding the building then just hire a reputable and licensed local contractor to perform some construction expansion and remodeling on the premises to make extra storage space.
Opening A New Location
If a truly huge amount of extra space seems to be the only way to solve the merchandise overload problem, then one of the best ways to accomplish this is to simply open another location. If the owner has the funding to do so and he can find a great location with comparatively low overhead such as rent, insurance, utilities and labor costs as well, then stocking a new shop with all of the overflow merchandise can be an exceptionally wise idea and solution.
Utilizing these helpful storage solutions will definitely ease the stress and worry of shop owners with a lot of extra merchandise on hand.