Stock piling happen
because lack off market analysis. Or else, buying a lot of product to get the price
cheaper to obtain greater profits. Unfortunately because of less promo and
else, there`s a lot of product were not sold. That’s why the stock be piling.
So that circulation of
goods back to normal, all the stock have to be sold. There`s 5 things that you
can do to solve the stock piling.
1. Bundle the old product
with new ones or favorites product. Consumers will be interested to buy because
of the great deals.
2. Make a new display. You
can put the product at the place where people can seen it easily. For online
product, make a new banner for the product. It will make the old product looks
new for costumers and buy it hopefully
3. Give the costumer best
deals at discount price. Everybody loves product with discount prices.
4. Create a new attractive
packaging. New package will boost the value of the product although is the old
one.
5. Give it as a charity to
the need. Charity won`t cost you a loss, instead it will open another
opportunity you can have.
To avoid another stock
piling, you have to be wiser and have sufficient knowledge about your own
product and business. Always have a market analysis. Other than that, if you
buying a lot of product to sale. Make sure you had the tools to sell it too. A
great promotion to boost sales or looking for reseller could be an option.
If the stock piling is
broken, don`t even thing to sell it for your own benefit. Maintaining the
costumers loyalty is important. Don`t ruin it for some broken old stock. By
doing it you might had benefit at first. But you will lost costumers as a
result.
Having a loyal costumers
is an investment. Great investment will give us a great benefit also at the
future.
