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!
Excess Quit Stock Problem #1: Space
When you have excess quit stock and no-one to sell it to, you find yourself in a dangerous position wherein the space in your warehouse quickly begins to overflow, leaving you with no way to grow and thrive. You might struggle to offer new products to customers because you still need to get old stock off your hands. Whether you need to sell food, clothing, sporting goods, or toys,
it’s crucial to start clearing out that space so that you’re not wasting extra money on maintaining an overflowing warehouse full of non-profitable equipment.
Excess Quit Stock Problem #2: Money Issues
Excess inventory, whether it’s quit stock or another form of inventory usually leads to reduced profit margins for many companies. A lot of businesses find themselves considering placing excess items into clearance to convince buyers to start making purchases at a lower cost. In some cases, you might even find that you’re tempted to sell your stock at costs that mean your entire company experiences a loss. Eventually, your profit margin begins to suffer, and if a company can’t maintain a healthy profit margin, then they may be unable to continue as a business.
If that wasn’t enough of a concern, you may also be piling up extra costs in the form of purchasing storage solutions for your excess inventory. More space for storage means that you have less space to use on collecting stock that can be sold. Plus, you will need to pay for costs and utilities related to storage, and employees that move inventory in and out of storage will also need to be paid – meaning more lost money.
Excess Quit Stock Problem #3: Waste
Finally, if you simply can’t seem to find a way to manage your inventory in a cost effective and efficient manner, you might find yourself taking drastic steps, such as throwing out your excess inventory – particularly if you’re selling food products that will eventually expire.
Products like food and medicine often have expiration dates, which means your time to find a seller for your excess quit stock is severely limited. For those who simply don’t have the right connections in their industry, this could mean wasting thousands of dollars – enough to effectively put you out of business.
So, What’s the Solution?
The quickest and easiest way to remove yourself from the dangerous position of having excess quit stock inventory, is to connect with people who know how to bridge the gap between sellers and buyers when it comes to excess stock.
Dynamic Retail solutions have connections with quit stock buyers on a local and global scale to ensure that you can make the most out of your excess inventory. We’ll put you in touch with the surplus stock buyer that is most relevant to your specific industry, so that you can still earn money on the items that would otherwise be written off as waste or losses.
All you need to do to get started is inform Dynamic Retail of the items that you need to sell, and they’ll put you in touch with a buyer. That means no more wasting time searching for people who are willing to purchase your product. You can focus on making the most of your money, and coming up with the next big ideal for your business.
To get started, contact Dynamic Retail today on 0424 503 837 and take the stress out of dealing with excess quit stock inventory.