| As you grow your business, you have to feed more merchandise into the pipeline. That means somehow obtaining more inventory to sell; you don't want to be constrained by product availability. How do you beef up your product inventory? Here are some suggestions: If you resell used items you find at garage sales and thrift stores, consider hiring someone to scrounge for you full-time. Also consider buying large assortments at estate sales and live auctions. If you're a collector, consider purchasing large collections for resale, or expanding your selection to include related merchandise and accessories. If you purchase closeout or liquidated merchandise, consider purchasing larger lots or entire pallets. If you purchase merchandise from a manufacturer or authorized distributor, consider upping your orders or expanding your selection. If you're an artist, consider selling prints in addition to original paintings. Also consider reselling works by other artists you know. If you create your own crafts to sell, consider hiring someone to help you create a larger volume of items. If you're a manufacturer, consider increasing your production output. If you're a Trading Assistant, consider increasing your advertising and promotion for new clients, or opening a drop-off location.
In short, you need to start thinking more about your purchasing, in addition to your selling. And remember to buy smart. Shaving a few pennies off the price of each item can result in huge profits as you increase your sales volume. |