In a perfect world, businesses would never have to liquidate inventory. Winter items would sell out just in time before the new year, and customers wouldn’t move on to new fashion trends so quickly with each passing season. Alas, in this world, businesses get stuck with old snowboard models, and out-of-style metallic crop tops.
While no one wants to sell for less, it is necessary to free up warehouse space and get rid of items before you have to sell them at a loss. Let’s take a look at how to liquidate inventory the correct way:
Quick Tips for Liquidating Inventory:
- Get rid of products by new year that will be pushed out by new styles
- It’s better to sell of products at a smaller margin, instead of at a loss
- You don’t have to have a sale to liquidate inventory