{"id":15853,"date":"2024-01-09T13:06:26","date_gmt":"2024-01-09T19:06:26","guid":{"rendered":"https:\/\/theboutiquehub.com\/?p=15853"},"modified":"2024-01-09T13:56:13","modified_gmt":"2024-01-09T19:56:13","slug":"tips-on-moving-out-old-inventory","status":"publish","type":"post","link":"https:\/\/theboutiquehub.com\/blog\/tips-on-moving-out-old-inventory\/","title":{"rendered":"Tips on Moving Out Old Inventory"},"content":{"rendered":"\n<p>Don&#8217;t hold on to past failures, move out that old inventory today!<\/p>\n\n\n\n<p>Inventory should be working for you rather than against you! Join Sara Burks, The Boutique Hub&#8217;s Director of Education and Partnerships, to learn some key steps to take in moving out old inventory!&nbsp;&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\" id=\"h-why-is-it-here\">Why Is It Here?<\/h2>\n\n\n\n<p>We can become complacent when it comes to old inventory. We are quick to buy new and that can get us in trouble. Because it ties up our cash, space, and energy. We have a problem but what got us to the problem&#8230;is the real problem. <\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large is-resized\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1013\" height=\"1024\" src=\"http:\/\/theboutiquehub.com\/wp-content\/uploads\/2019\/08\/IMG_7123110A4B87-1-1013x1024.jpeg\" alt=\"Tips on Moving Out Old Inventory \" class=\"wp-image-34894\" style=\"width:-318px;height:-321px\" srcset=\"https:\/\/theboutiquehub.com\/wp-content\/uploads\/2019\/08\/IMG_7123110A4B87-1-1013x1024.jpeg 1013w, https:\/\/theboutiquehub.com\/wp-content\/uploads\/2019\/08\/IMG_7123110A4B87-1-297x300.jpeg 297w, https:\/\/theboutiquehub.com\/wp-content\/uploads\/2019\/08\/IMG_7123110A4B87-1-768x776.jpeg 768w, https:\/\/theboutiquehub.com\/wp-content\/uploads\/2019\/08\/IMG_7123110A4B87-1-624x631.jpeg 624w, https:\/\/theboutiquehub.com\/wp-content\/uploads\/2019\/08\/IMG_7123110A4B87-1-600x606.jpeg 600w, https:\/\/theboutiquehub.com\/wp-content\/uploads\/2019\/08\/IMG_7123110A4B87-1-100x100.jpeg 100w, https:\/\/theboutiquehub.com\/wp-content\/uploads\/2019\/08\/IMG_7123110A4B87-1.jpeg 1246w\" sizes=\"(max-width: 1013px) 100vw, 1013px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\" id=\"h-develop-a-plan\">Develop A Plan<\/h2>\n\n\n\n<p>Extra inventory, onesies, and specific sizes are the current problem. However, let&#8217;s go back and figure out the steps that let up to that to figure out <em>why<\/em> that\u2019s the problem and how we found ourselves in the situation. In business, you are either winning or your learning. When you make a sale you are winning. Life is great. When you don\u2019t make a sale you are learning.  Educate yourself to <a href=\"https:\/\/theboutiquehub.com\/3-ways-boutiques-can-become-better-buyers-with-data\/\">become a better buyer<\/a> and avoid costly mistakes. <\/p>\n\n\n\n<p>You can avoid the enormous task of moving large quantities of old inventory quickly by setting aside time each week to check what isn&#8217;t moving. There are typically two reasons why you are sitting on old inventory: you either had them shipped at the wrong time or impulse buys. Both behaviors negatively impact your business and lead to excess inventory that ties up our cash and space. <\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\" id=\"h-create-a-call-to-action\">Create A Call-To-Action<\/h2>\n\n\n\n<p class=\"has-text-align-left\">As a general rule, you want to be selling and adding to your sale rack to keep your store from looking like a garage sale. Here are a few creative ideas to help you move that old inventory out the door! <\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Bag sales<\/li>\n\n\n\n<li>A $5-$10 add-on rack sale. If your customer purchases a certain amount, they can purchase anything on the rack for $5.00.<\/li>\n\n\n\n<li>If you have an abundance of items in one size, run a report to find your customers who purchased items in that size. Segment your email list and send out an email blast. <\/li>\n\n\n\n<li>Organize your sale racks from spaghetti straps to jackets so items do not get lost. <\/li>\n\n\n\n<li>Make sure that your best selling items are front and center. This is true whether you own a brick and mortar or online store. <\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img decoding=\"async\" width=\"450\" height=\"550\" src=\"http:\/\/theboutiquehub.com\/wp-content\/uploads\/2019\/08\/2-1.png\" alt=\"Tips on Moving Out Old Inventory\" class=\"wp-image-34895\" srcset=\"https:\/\/theboutiquehub.com\/wp-content\/uploads\/2019\/08\/2-1.png 450w, https:\/\/theboutiquehub.com\/wp-content\/uploads\/2019\/08\/2-1-245x300.png 245w\" sizes=\"(max-width: 450px) 100vw, 450px\" \/><\/figure>\n\n\n\n<p>Again, if we have excess inventory it&#8217;s on us. They say that you have to ask yourself 5 questions about the same thing before you get the answer. Go look at your extra stuff and ask yourself:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Why is it here?<\/li>\n\n\n\n<li>Why is it a bad fit?<\/li>\n\n\n\n<li>Was it the vendor?<\/li>\n\n\n\n<li>Was it the wrong color?<\/li>\n\n\n\n<li>Did I get it in the wrong season?<\/li>\n\n\n\n<li>Did I get it in at the wrong time?<\/li>\n\n\n\n<li>Did it have a bad placement in my store?<\/li>\n\n\n\n<li>Did I do a try on session and have someone smaller and larger than me try it on too?<\/li>\n<\/ul>\n\n\n\n<p>Learn from your mistakes and use them as an opportunity to become savvier!<\/p>\n\n\n\n<p>If you want to cut the overwhelm, maximize your traffic, revenue, and time join Sara Burkes at Retail Bootcamp! <\/p>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/go.theboutiquehub.com\/retail-bootcamp\" style=\"background-color:#ff12a2\" target=\"_blank\" rel=\"noreferrer noopener\">Sign UpFor Retail Bootcamp<\/a><\/div>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><a href=\"https:\/\/go.theboutiquehub.com\/retail-bootcamp\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" width=\"576\" height=\"1024\" src=\"http:\/\/theboutiquehub.com\/wp-content\/uploads\/2019\/08\/BLOG-IG-STORIES-1-576x1024.png\" alt=\"Tips on Moving Out Old Inventory\" class=\"wp-image-34932\" srcset=\"https:\/\/theboutiquehub.com\/wp-content\/uploads\/2019\/08\/BLOG-IG-STORIES-1-576x1024.png 576w, https:\/\/theboutiquehub.com\/wp-content\/uploads\/2019\/08\/BLOG-IG-STORIES-1-169x300.png 169w, https:\/\/theboutiquehub.com\/wp-content\/uploads\/2019\/08\/BLOG-IG-STORIES-1-768x1365.png 768w, https:\/\/theboutiquehub.com\/wp-content\/uploads\/2019\/08\/BLOG-IG-STORIES-1-864x1536.png 864w, https:\/\/theboutiquehub.com\/wp-content\/uploads\/2019\/08\/BLOG-IG-STORIES-1-624x1109.png 624w, https:\/\/theboutiquehub.com\/wp-content\/uploads\/2019\/08\/BLOG-IG-STORIES-1-600x1067.png 600w, https:\/\/theboutiquehub.com\/wp-content\/uploads\/2019\/08\/BLOG-IG-STORIES-1.png 1080w\" sizes=\"(max-width: 576px) 100vw, 576px\" \/><\/a><\/figure>\n\n\n\n<p>We hope you loved our article on Tips for Moving Out Old Inventory. <\/p>\n\n\n\n<p>How else can The Boutique Hub help you grow? Get more information on growing your business by joining The Boutique Hub where we have tons of training, information, and most importantly, connection!&nbsp;<a href=\"https:\/\/theboutiquehub.com\/join\/boutique\/\" target=\"_blank\" rel=\"noreferrer noopener\">www.theboutiquehub.com\/join<\/a>&nbsp;<\/p>\n\n\n\n<p>Try out our service for a month, cancel anytime. Follow along on Instagram&nbsp;<a href=\"https:\/\/www.instagram.com\/theboutiquehub\/?hl=en\" target=\"_blank\" rel=\"noreferrer noopener\">@theboutiquehub<\/a>!<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Inventory should be working for you rather than against you! Join Sara Burks, The Boutique Hub&#8217;s Director of Education and Partnerships, to learn some key steps to take in moving out old inventory!\u00a0\u00a0<\/p>\n","protected":false},"author":19,"featured_media":51190,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"pmpro_default_level":"","footnotes":""},"categories":[3],"tags":[742,76,269,410,550,474],"class_list":["post-15853","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boutique-business","tag-boutiquebusiness","tag-boutique-business","tag-boutique-business-tips","tag-inventory-management","tag-inventory-planning","tag-sara-burks","pmpro-has-access"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.8 (Yoast SEO v26.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Tips on Moving Out Old Inventory | The Boutique Hub<\/title>\n<meta name=\"description\" content=\"In this article, you will learn how to get rid of old inventory that just won&#039;t sell. 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