How do I clear extra stock?


#1

I want to clear the extra stocks of my products.


#2

Here are some ways to clear stocks effectively:

*Change the location of the products - put them in a different area of the store or change the shelf arrangements
*Add brightly colored signs to attract a customer’s attention
*Provide discounts on the excess stock
*Consider making bundles or packages of related items, and selling them for a slightly lower price, than if they are bought separately
*You could bundle multiple units of the same item, complementary products, or slow-moving products with faster ones
*If the products are of low cost, you can give them away as freebies with other purchases
*See if you can return them to the supplier - this is possible only if you have a good relationship with them
*Donate the excess stock to charity - you can claim tax deductions against it!