FIVE WAYS TO MAKE PROFITS FROM YOUR SURPLUS

TEXTILE STOCKLOT

Running a business is about closing deals, completing order and delivering the materials in

order to earn profits, though an inevitable part of business is also dealing with the excess

inventory. This overstock may result from a number of heads such as closeouts, changes in

packaging, cancellation of orders, liquidations, bankruptcies and other unforeseeable

aspects. While excess inventory creates a burden on the business owner, it also comprises

of cost of storage and runs the risk of decrease in the original value of the merchandise.

Moreover, the risk of the stocklot becoming outdated is always there.

However, not all is as gloomy as it sounds. There are some outstanding yet simple ways of

getting rid of the excess stock, especially surplus textile. Take a look.

Put Up The Stock For Sale To An Inventory Liquidator

For any merchandise that is piling up in the warehouse, an ideal option is to get in

touch with professional inventory liquidators. The liquidators easily purchase such

inventory and sell it in parts, usually at a discounted rate. Though it is a seemingly

attractive way, do not forget to consider the following points

In lieu of making a profitable deal, your brand name shouldn’t be

compromised.

Your current sales channel and supply chains should not be put into jeopardy.

There may be additional costs involved in delivering the stock to the buyer.

Sell The Stock Online

While e-commerce, specifically with respect to textile industry may not be the most

popular sales channel, it is however making a steady progress in India. While Quickr

and E-bay are apt for selling single items, Stock lot supplierswith larger quantities

can easily get in touch with portals like www.textilestock.com and sell off their

excess inventory to third parties.

Sell Off The Merchandise In Form Of Bundles

In line with bulk orders and purchases, a seller can conveniently bundle up numerous

products and/or services and put them up for sale at an overall discount. Mostly,

buyers view this kind of a deal as greater value for their money and hence readily

pick these up. Moreover, such a deal helps to sell of the better part of the stock in

one go.

Give It Away as Reference Gift

While you can always clear your stock by gifting it to dealers in exchange for

references, this can act as a great channel to bring in new clients. Although, this may

not help in getting instant cash benefits, but will surely help boost the business in

the longer run.

Use it as quality samples

Again, not a sure shot way of earning liquid money, but again, using supplier’s stock

surplus of textile fabrics as quality samples for new clients can take the process of

closing a deal to a whole new level.