Think ahead

Before making any orders on stock, you need to think ahead. Fully consider the season you are buying in for; this means thinking about any seasonal changes in sales, seasonal changes in which products sell better and perhaps changing up your standard order to incorporate non-standard purchases that will sell well. If you are considering buying in unfamiliar products – don’t go overboard until you get a real idea of how they are selling.

Analyse

By analysing the performance of each product in detail, you will be able to pick up on any patterns in the season and note its popularity. This can help your buying decision massively – running off the hard facts will make your order as accurate as possible and thus, leave you with the least excess stock possible too. There’s no way of forecasting any kind of anomaly after all.

Small and frequent

One way to reduce excess stock is to make your orders smaller but more frequent. We understand that sometimes this isn’t possible and can work out more expensive, however, smaller order quantities coming in more often can significantly reduce your inventory and can minimise the consequences of an anomaly occurrence.

Get rid of obsolete stock

There’s no point crying over spilled milk – and the same goes for obsolete stock! There’s no point in having it; it takes up unnecessary space and absolutely nothing can be done with it. If you don’t address it now, it will only grow and grow, so be done with it – get rid and eliminate it so you can focus on other things.

Understand that it just happens

It’s important that you understand that sometimes, excess stock just happens. Sometimes less of the line is sold than you thought, in the same way that sometimes a product sells a lot better than you expected. It’s impossible to predict the future down to a T, with or without that crystal ball. But there are ways that you can deal with excess stock that means you don’t lose all the money you spent, including coming to us at M Brill Ltd!
If you’re looking for a fast purchase and clearance of excess, bankrupt or liquidated stock, M Brill Ltd does just that across Greater London and the whole of the UK. Get in touch with us today!

T: 02072 540333 E: info@mbrillltd.co.uk

E-commerce sites like eBay and Amazon provide a simple way to run a business from home and can be done to your requirements. If you’re not convinced, here are the advantages of re-selling products on those two well-known sites...

The customer base

Unlike a new website that you’ve created for the purpose of re-selling products, eBay and Amazon already have a huge customer base. By posting your products on these, already well-established sites you will no doubt receive increased awareness in your products, and most likely an increase in sales as a result. Your original selling price can be boosted quite dramatically too, thanks to eBay’s bidding system.

Trust

If people are looking for second-hand goods or certain products with reduced prices, eBay and Amazon are the websites that they’d turn to. Well known and highly trusted, eBay and Amazon have become the e-commerce giants, holding every kind of product known to man all at varying prices. They’re known for great customer service as well as for their security values, providing people with a confidence and reassurance when using the sites.

Build a reputation

A great part of both sites is that you can build a reputation for yourself as a seller. It’s not about how long you’ve been on there; it’s a known fact that even as a new seller, your products will still be seen among the products of well-established sellers. You can build up a reliable and reputable name for yourself by being quick to respond to sales or queries, and people can view that easily on your profile.

Recommended products

Both eBay and Amazon help the exposure of your products by referrals. Your product won’t only come up when people search for the exact name you’ve put it under; it may show up on browsers’ page under things like recommended products, ‘You may also like these’ or ‘People who viewed this item also viewed...’. These traits will hugely benefit your products’ coverage leading to quicker and better sales.

If you’re looking to get rid of stock quickly and efficiently, e-commerce sites like eBay and Amazon are definitely worth considering. There’s a reason they are so popular after all.

You can sell anything

We all seen or heard about the weird and wonderful things that you can buy on eBay or Amazon, but that does not mean that you’re able to sell absolutely anything on there.
Though it may seem like eBay sells everything under the sun, there are definite limits to the range of things that can be sold on it.
Although, don’t worry too much about whether you’re breaking rules by attempting to sell your products; your own common sense should be able to work it out.
The prohibited and restricted items list includes things such as human body parts, human beings, bodily fluids, controlled substances, illegal goods and so on. However, if you really want to make sure, have a look at the official list right here.

It’s difficult

Some people view selling on eBay and Amazon to be difficult; more difficult than fulfilling your own orders. However, those people have got it very wrong!
Both sites have systems in place that aim to make your selling experience run as smoothly as possible. For a small fee, they both handle the majority of customer support tasks which means you don’t have to deal with phone calls or shipping problems, generally making it a lot less hassle for you. Selling is risky (buying too) Similarly, some people see eBay and Amazon to be websites where there’s a risk
Selling is risky
Similarly, some people see eBay and Amazon to be websites where there’s a risk to buying and selling. Whilst, of course, there are some risks to buyers and sellers like scams or hacks, as with any other website, the number of those affected really is minimal.

Just think: if these two websites really were as risky and dangerous as some people interpret them to be, then how have they been going this long? Amazon and eBay are the two most used e-commerce sites in the world after all. 

Too much competition

Then there are the people that feel that it’s pointless to join the, already huge, marketplace of well-established or big brand name sellers that eBay and Amazon have accumulated over their years of existence.
Well, we can tell you that that is another false rumour. It might seem quite daunting to enter this huge e-commerce world when there are already millions and millions of sellers on the sites, however, there’s room for more – and always will be.

It’s all about the product

Speaking of making a name for yourself amongst the millions of sellers, here’s another myth for you: it’s all about the product.
Sales of products on eBay and Amazon are not just based on the product itself. You cannot simply list the product to get a quick quid – it’s not a get rich quick scheme! It takes a little more effort than that; listing optimisation and a proper description will set you in good stead for sales.

These things are important if you want to rank high in the search engines – which, obviously, you do. By putting in a bit of time to your listing, your product could be up there on the page when a person types in ‘pink dressing gown’.
There really are so many benefits to selling and re-selling on eBay and Amazon