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E80: If You’re Not Selling, You’re Just Shopping
In this episode of The Other 99%, hosts Lisa Duck and Susan Larimer discuss the challenges of managing excess inventory in direct sales businesses. They explore the psychological factors that lead to over-purchasing, such as FOMO (fear of missing out), and provide practical strategies for avoiding inventory accumulation. The conversation emphasizes the importance of creativity in moving inventory, including techniques like mystery bundles, flash sales, and themed sets. The hosts also highlight the significance of maintaining a profitable mindset and making informed purchasing decisions to ensure long-term success in direct sales.
Takeaways
Excess inventory is a common issue in direct sales.
FOMO can lead to over-purchasing and financial strain.
It's important to regularly assess your inventory levels.
Creative sales strategies can help move excess stock.
Offering mystery bundles can attract customers and clear inventory.
Flash sales can create urgency and boost sales.
Themed sets can appeal to specific customer needs.
Using inventory as a fundraiser can benefit the community.
Maintaining a profitable mindset is crucial for success.
Generosity in sharing products can lead to customer loyalty.
Chapters
00:00 Understanding Excess Inventory in Business
06:54 Strategies to Avoid Over-Purchasing
12:44 Effective Ways to Move Inventory
18:48 Final Thoughts on Inventory and Profitability
39:46 Introduction and Gratitude
40:15 Engagement and Community Building
Thank you for tuning in to The Other 99%. If you enjoyed this episode, please take a moment to rate and review the podcast—it helps us reach more listeners like you! Don’t forget to share this episode with your network and help spread the word.
Interested in being a guest? Share your story here
Find me on social: Facebook | Instagram | lisaduck.com
Grab your ChatGPT Freebie here
Find Susan on social: Facebook | Instagram | susanlarimer.com
Grab your 5-Step Customer Care Cheat Sheet here
Disclaimer: While we strive to provide valuable recommendations and insights, the opinions expressed in this podcast are those of the host and guests. We encourage you to conduct your own research before using any mentioned tools or services to ensure they align with your personal needs. Thank you for being part of The Other 99%!
View all episodes
By Lisa Duck
5
44 ratings
In this episode of The Other 99%, hosts Lisa Duck and Susan Larimer discuss the challenges of managing excess inventory in direct sales businesses. They explore the psychological factors that lead to over-purchasing, such as FOMO (fear of missing out), and provide practical strategies for avoiding inventory accumulation. The conversation emphasizes the importance of creativity in moving inventory, including techniques like mystery bundles, flash sales, and themed sets. The hosts also highlight the significance of maintaining a profitable mindset and making informed purchasing decisions to ensure long-term success in direct sales.
Takeaways
Excess inventory is a common issue in direct sales.
FOMO can lead to over-purchasing and financial strain.
It's important to regularly assess your inventory levels.
Creative sales strategies can help move excess stock.
Offering mystery bundles can attract customers and clear inventory.
Flash sales can create urgency and boost sales.
Themed sets can appeal to specific customer needs.
Using inventory as a fundraiser can benefit the community.
Maintaining a profitable mindset is crucial for success.
Generosity in sharing products can lead to customer loyalty.
Chapters
00:00 Understanding Excess Inventory in Business
06:54 Strategies to Avoid Over-Purchasing
12:44 Effective Ways to Move Inventory
18:48 Final Thoughts on Inventory and Profitability
39:46 Introduction and Gratitude
40:15 Engagement and Community Building
Thank you for tuning in to The Other 99%. If you enjoyed this episode, please take a moment to rate and review the podcast—it helps us reach more listeners like you! Don’t forget to share this episode with your network and help spread the word.
Interested in being a guest? Share your story here
Find me on social: Facebook | Instagram | lisaduck.com
Grab your ChatGPT Freebie here
Find Susan on social: Facebook | Instagram | susanlarimer.com
Grab your 5-Step Customer Care Cheat Sheet here
Disclaimer: While we strive to provide valuable recommendations and insights, the opinions expressed in this podcast are those of the host and guests. We encourage you to conduct your own research before using any mentioned tools or services to ensure they align with your personal needs. Thank you for being part of The Other 99%!
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