{"id":11785,"date":"2024-12-16T08:54:04","date_gmt":"2024-12-16T14:54:04","guid":{"rendered":"https:\/\/theboutiquehub.com\/?p=11785"},"modified":"2024-12-16T08:54:51","modified_gmt":"2024-12-16T14:54:51","slug":"10-ways-to-clear-out-inventory","status":"publish","type":"post","link":"https:\/\/theboutiquehub.com\/blog\/10-ways-to-clear-out-inventory\/","title":{"rendered":"10 Ways to Clear Out Inventory at the End of the Year"},"content":{"rendered":"

What do you do with all of your end-of-year inventory that won’t move? Let’s talk 10 ways to clear out inventory prior to year-end<\/a>! \u00a0Below are a few creative ideas to help move dead inventory that won\u2019t carry over well into the new year! \u00a0<\/span><\/p>\n

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BUNDLE IT UP:
<\/b>Consider bundling items up for a discount! \u00a0For example, buy a sweatshirt and get a pair of leggings for 50% off! \u00a0Or put multiple items together and price them at one cost for all three! <\/span><\/p>\n

GRAB BAGS:
<\/b>A great way to move out old inventory is to do grab bags–these would be items that you pick for the customer for a set price, for example-under $100 retail for $45, over $100 for $60. \u00a0<\/span><\/p>\n

BUY TWO GET ONE FREE:
<\/b>Consider running a buy two get one free sale, this will incentivize people to buy multiple items while having the lowest priced item free.<\/span><\/p>\n

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Photo:<\/span>15th Avenue Tees\u00a0<\/p>\n

TIMED DISCOUNTS:
<\/b>Offer items at a discounted rate for a limited time only. \u00a0For example, from 8:00-8:30, get 20% off our most popular Christmas sweater, then move on to another item after that! \u00a0This creates a sense of urgency and excitement!\u00a0<\/span><\/p>\n

SPEND X GET A GIFT: <\/b>
<\/span>Create excitement by creating a prize tree, invite your customers to spend a certain amount, and give them a free gift for purchasing over a certain amount! \u00a0People love free things and it will be a tax write off!\u00a0<\/span><\/p>\n

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Photo: <\/span>Laney Lu’s Boutique<\/p>\n

WAREHOUSE SALE:
<\/b>Consider running a warehouse sale and putting specific items into priced bins. People <\/span>can then pick multiple items at a discounted price! \u00a0This creates excitement and allows the customer to feel like they have control over what discounted items they are purchasing. \u00a0<\/span><\/p>\n

GIVE IT AWAY AS A GIFT:
<\/b>Consider giving that special customer of yours a special gift! \u00a0\u00a0If you have something in your inventory that simply hasn\u2019t sold, but you know one of your customers would just LOVE it, consider giving it to them as a simple appreciation gift.<\/p>\n

LAST CHANCE FACEBOOK LIVE SALE:
<\/b>Create that sense of urgency with timed sensitive sales on a social media live sale. \u00a0Gamify the sale by keeping the items secret until the reveal, and limit the time a customer can make the purchase. FOMO is a real thing. <\/span><\/p>\n

LADDER SALE:
<\/b>The more you buy the more you save. \u00a0\u00a0Buy one item save 10%, two items save 20%, three items save \u00a030%, four items save 40%, and five items or more save 50% off. \u00a0This can be done in addition to the current sale price or on its own. \u00a0<\/span><\/p>\n

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Photo: <\/span>Jetset Babies<\/p>\n

DONATE IT:
<\/b>If you have tried everything to move certain items and they are at the end of their sales life, consider donating them to a charity. This frees up floor space, clears your mind, and keeps you from investing any more money, time, or thought into selling these zero value items.<\/p>\n

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Did you love the 10 Ways to Clear Out Inventory at the End of the Year?\u00a0\u00a0<\/strong><\/em><\/p>\n

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