Zero inventory Plan

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  • #2754
    Jeremy Adams
    Participant

    Jenna and I are currently working on an inventory free plan in that we are doing DROPSHARING. This eliminates us spending our evenings and nights packaging things up and sending them off. Yes we lose the quality control aspect of this portion of the business; however by holding zero inventory and being print on demand we have zero overhead minus the cost of our Shopify account which is $40 a month. Does this make us smart or stupid. Our fear which is easily arisen is that we spend lets say $1000 on a printing machine and $5000 on different shirt colors and sizes only to not sell some of the inventory and thus being stuck with stuff we cant get rid of.

    We keep getting emails about a store front and this is something we want to do in the future but we don’t want to over commit while still having a young family under our roof. Does anyone have any ideas on how we can enable the customer outside, word of mouth and social media to draw up sales.

    #2763
    Judy Evans
    Keymaster

    Jeremy and Jenna,

    How are you driving customers to your Shopify site? Some strategies are to develop a customer base through markets, social media, stories, etc.

    Inventory is challenging to manage until you have some history about what does and what does not sell. You may want to consider carrying a small variety of colours rather than a broad array of colours to reduce this risk from the beginning.

    If you can make some profit, your zero inventory idea makes perfect sense while the business is developing.

    Judy

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