The Dangers of Dealing with Excess Quit Stock

Have you ever found yourself in a position where you’re dealing with a pile of excess quit stock, and you simply have no idea what to do with it?

Some people assume that the best solution is to simply sell as much as they can for as low a price as possible, or attempt to give their products away just so that they can open some much-needed free space. After all, quit stock can quickly consume the whole of your business operations, leaving you in a state of limbo in which it’s impossible to continue growing and making money.

Here, we’re going to take a look at the dangers of dealing with excess quit stock, and how accessing the right help from the right people could help you to regain control of your company and start selling for profits again!

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Finding Buyers of Excess Stock Might be Easier than You Think

Managing inventory is one of the most complicated parts of running a food business – yet it’s also an essential part of ensuring that you’re prepared for success. After all, if you don’t have the inventory that you need to take advantage of big orders and opportunities, you’re basically allowing money to flow away down the drain.

Of course, at the same time, having too much inventory can be just as disastrous as having too little. While not enough inventory means that you can’t make the most of those big emergency orders, too much inventory ensures that you’re left panicking- searching for buyers of excess stock before your products reach their sell-by date.

Fortunately, finding buyers of excess stock for your business, and making sure that you never waste unneeded inventory could be easier than you think. Continue reading

The 4 Things You Need to Know When Exporting from Australia

The 4 Things You Need to Know When Exporting from Australia

If you find that your business is growing too big for your local pond, then one of the best things you can do is look for ways to expand overseas. Exporting can be an incredible way to give your company the growth and versatility it needs to earn more cash, but it’s not generally something that you can do alone.

Running a successful business in your own country is difficult enough – attempting to expand those sales to a new market in a new environment takes the challenge to the next level. After all, you end up with a range of new and worrisome things to think about – from how you’re going to package your product to appeal to your new customer, to what kind of rules and regulations you have to follow.

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Why Who You Know Counts when Exporting Food Products

Every year, hundreds of ambitious companies across Australia decide to take the plunge into international waters – exploring new markets like China and America to help supplement their growth strategy.

Exporting food products to a new consumer environment is a great way to broaden your horizons both literally, and figuratively in the business world. After all, instead of being a brand that sells home-grown Australian food in Sydney – you’re a brand that delivers the tastes of Australia to interested customers across the globe.

The only problem with exporting your products is that you need to figure out how you’re going to overcome the challenges that you’re bound to face along the way. Here, we’re going to take a look at just some of the issues that you might encounter on your way to international success – so that you can prepare for the journey ahead.

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Export 101: Selling Food to China the Easy Way

Export 101: Selling Food to China the Easy Way

China represents one of the biggest markets in the world for food manufacturers. However, most companies have no idea how to make the leap from selling in Australia, to being successful in China. Not only do you need to find a way to get in touch with sellers across the seas who are willing to place your product on their shelves, but you also need to work through a range of complicated importation and exportation laws, food safety regulations, and more.

These specific challenges mean that it’s generally much more effective and efficient for Australian companies to seek out a professional food exportation service to help them get their products into international markets.

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Exporting Products to the Grab and Go Market in China

Exporting products can be a complicated process – particularly when you’re adhering to a brand-new market. In China, there are countless opportunities to expand your sales and improve your brand awareness, but at the same time, you’re placing yourself in a particularly challenging position. After all, not only do you have to think about export regulations, but you also need to consider how you’re going to market your product to a different type of customer.

Chinese customers may not be looking for the same features in their food products as the average Aussie customer. That means that when you’re selling dried Australian fruit and nuts, or any other product you can think of – you need to adjust your marketing strategy to meet the needs of your new, target audience.

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Excess Stock? Don’t Let It Drain Your Profits!

Excess Inventory

Is your current situation with excess stock dragging your business down? Perhaps you ordered a lot of materials from a large company, then suddenly an order fell through. On the other hand, you might find that your new products on supermarket shelves aren’t moving as quickly as you want them to.

Excess inventory can be a serious problem for any business. Not only does it leave you unable to grow your company, but it has a pretty significant impact on your finances too. However, figuring out what to do with excess items can be quite a dilemma. Selling what you’ve got now through normal channels in sales or bundles might be out of the question – particularly if you have sales targets to meet.

Following, we’ll give you just a few suggestions for how you can prevent excess stock from draining your profits. From bundles, to tax write-offs, to simply asking for help.

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“Grab & Go” Packaging Strategy When Exporting Food Products to China

Exporting Food Products to China

Hey there and welcome back to another post. Are you considering exporting food products to China market? Well, read on because we will be bringing to you some handy tips about this.

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