Skip to main content

What to do with unsold products?How to save business from unsold product losses?


Millions of businesses are facing the problem of unsold products these products may be food items, clothes, electronics, or other usable products during the sales period. Many people try to find out the main reason behind this problem however they could not able to know.

So what to do with the unsold products…. throw these products away, burn these products or crash these all Well this could not be the perfect solution of such problem, though doing these things will increase loss in your business.
In order to solve this problem you might need perfect ideas relating to the unsold products or items. Using these ideas will guide you towards the solution of the unsold products problem and towards generating more profits in your business.

Ideas and Techniques to solve unsold items Issues:

Detecting the Key factors=
First action must be to find out the reason and the key factors involved with the unsold items. Businessmen have to detect the error in the departments of the company with the help of experts to know what is the actual reason which is causing the items unsold whether the quality and quantity of the products is not proper according to the demand or the employee is not working well to sell the items after detecting these key factors business expert’s uses the strategies to increase the sale of unsold items however other ideas to increase the sale is following.

Discount Offers=
Everybody is well aware of this technique and most of the businessmen uses this. The large portion of unsold products can be sold by giving discounts for example many businesses provide different percentages of discounts from 30% to 70% sometime more or less of this percentage in this way you can sale your products in large volume.

Buy one get one or Buy one get two=
However these kind of offers are usually more attracting to the customers because they feel to have more products in price of one which mostly results in finishing the whole stock. These type of offer is usually used to finish the unsold stock.

Anniversary Discount=
One more technique is to attract the customers is to provide Anniversary discount of the business or the company. Many companies at the time of anniversary provide attractive discount to celebrate its anniversary. This way help the companies to increase their sales and decrease unsold items.

Seasonal or special event Items=
Many products sold seasonally or at the time of special events depending upon the demand of the products relating to the specific season and special events. However many products remain unsold at the end of the season and increase the chances of loss. Seasonal items or special event items can be managed through various methods like businessmen or seller can save the unsold items to sell it in next season or in next special events but it needs patience. This patience will help you to decrease your loss in next season because of increase in price as compared with the previous price of the product.

Free Service Offers=
Businessmen can use this technique in order to cope with unsold stock by providing free service with the product. This technique is so much helping for the customers as well as for the business in selling unsold products, for example if you are indulged with pharmaceutical business then you can finish unsold items by providing free services of Doctor with the products price. Another example is that, you can sell your unsold electronics devices with free checkup services offer within that product price which is also known as after sales service.

 Charity=
If you have unsold items in large volume you can use it for the purpose of charity instead of throwing it away or to burn it. Charity to the poor people will help your business to grow more quickly and will increase your profit because many people in the world love to devote their portion of income for the purpose of charity. When people come to know that your business is doing charity in this way, many people would like to purchase your products.

Labels:

Comments

Post a Comment

Popular posts from this blog

Difference between Downsizing and Reengineering with real life example

Explain difference between Downsizing and Re-engineering with real life example? Downsizing = Downsizing is used to reduce the size in order to improve its financial performance, usually by laying off employees.Businesses use several techniques in downsizing, including providing incentives to take early retirement and transfer to subsidiary companies, but the most common technique is to simply terminate the employment of a certain number of people. Downsizing often takes place as part of a larger restructuring program at a company. Although it's usually thought of as a strategy companies use to become smaller, downsizing can also be the result of company mergers, acquisitions, and takeovers.Its most common form comes in employee layoffs, which reduce payroll costs for the company. Downsizing may also involve shuttering some operations or offering certain employees early retirement. Downsizing is typically seen during economic downturns in order to improve efficiency and
5 comments
Read more

Difference between strong and week culture

Difference between strong and week culture? Culture it is the knowledge of a particular group of people, defined by everything from language, religion etc Cultural strength may be measured across a sub-culture or across the country. Strong culture In strong culture, employees and management understand what is required of them and they will try to act in accordance with the core values. Weak culture In weak culture there is greater need for procedures, policies and bureaucracy in order to get things done in the desired way Difference: Strong culture Week Culture 1-Individual behaviors consistently reflect group values 1-provides poor services which needs to be improved through policies 2-it Produces clarity. 2-Individual behaviors reflect a diversity of beliefs and values 3-less need for detailed policies and procedures. 3-Produce inconsistency in practice. s
Post a Comment
Read more

How to Manage time to increase your focus.

The Most Successful person in the world is the one who value every second of their life That is why it is called Time is money. If you study history of the successful and rich people they all have one common and important habit which is time management. In time management you have to save time and utilize it in the right way in order to achieve your goals and this is the only thing which satisfy you and gives you the best return in the future. The Following tips will help you save and manage your time in order to increase your focus for achieving your most desired goals. Create a to do List. List all those tasks which you have to do and do it accordingly. Use Sticky Notes. Use sticky notes for important tasks which are urgent. Prioritize your tasks. Choose the most important tasks and set the priority tasks on the top of your list. Wake up Early in the morning. Waking up early have a big advantage as you can work in full peaceful environment with fresh mind.
2 comments
Read more