A high level00 dollar store owner who takes good thing about the possibility to purchase combined loads of cheap inexpensive products for your store, the question often develops about what to do next. After all, liquidation and closeout companies frequently ship these materials mixed collectively in totes. There are no individual cartons for every single different product included. Somewhat, they are just at random mixed into one big box for shipment to your dollar store business. In this article My spouse and i review steps to obtain, sort and display these products. Done effectively you find these items help build sales and earnings for your store. TDW Closeout
While the cheap wholesale products get started to attain your dollars store business be certain to keep the totes quarantined until you can complete the obtaining and selecting process. It is important to have accurate count of the many items and the final total quantity of saleable products contained in the order.
Once you do get started sorting and counting the task goes very quickly. In the event that possible have either large cartons (One per division. ) or better yet, oversized shopping/stocking carts established by department. These should be arranged in a circle around the bags being received.
1. Take out each item from the tote. Inspect the item and packaging for destruction and salability. If the item passes, place in the cart or fichier for the appropriate division. Then move to the next item. Remember to keep a tally of the items as they are removed.
2. A very small number of these products will be ruined due to shop wear or the packing/shipping process. Remove these products and isolate them from the saleable items. They can be designated to become giveaway products, sample items for store displays, or sometimes destroyed.
3. A number of the products will be one of a kind… use a dump bin to combine these products together. Ingredients label the bin ‘CLOSE OUT’ – and sell them at low, low prices to get people really excited when they come into your store. (Remember; these are cheap inexpensive products – but product quality will be good. ) You could also sell these unique products for 50% from the lowest price marked and make even more revenue for your dollar store business.
4. Once the initial sorting and keeping track of is completed you often find extra large amounts of a few items. Target these as end caps (one-time purchase end caps). Make sure you label the end cap as ‘one-time purchase’ or ‘limited quantity’ to help attract consumer attention.