A friend used to tell me that if I have difficulty moving my inventory, I should change to another product to sell. Selling lingerie is not only a business but I like to sell something that I am passionate about. Of course, there are other items that I love selling as well like books and clothes just to name a couple but frankly, at this point, I can't find time to expand my business. That's something for the future, though.
This morning, I read that the minimum monthly inventory move rate is around 30% of the inventory. If a seller sells less than 30% of her inventory monthly, then she MUST check what she is doing wrongly. 30% is the minimum.
Of course, there are sellers who move a high 70% of her inventory monthly but to me, I don't only take into consideration sales figures but also profit margin. The most important factor to me is the ability to bring in new buyers and at the same time retain the old. Returning buyers are people who are happy with our goods and customer service and these are the people who would help us to spread the word.
This morning, I read that the minimum monthly inventory move rate is around 30% of the inventory. If a seller sells less than 30% of her inventory monthly, then she MUST check what she is doing wrongly. 30% is the minimum.
Of course, there are sellers who move a high 70% of her inventory monthly but to me, I don't only take into consideration sales figures but also profit margin. The most important factor to me is the ability to bring in new buyers and at the same time retain the old. Returning buyers are people who are happy with our goods and customer service and these are the people who would help us to spread the word.
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