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Content provided by Salena Knight | Retail & Ecommerce Growth Strategist and Salena Knight. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Salena Knight | Retail & Ecommerce Growth Strategist and Salena Knight or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.
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Inventory Math: The Business Mindset That Will Save You Thousands

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Manage episode 472456257 series 3019473
Content provided by Salena Knight | Retail & Ecommerce Growth Strategist and Salena Knight. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Salena Knight | Retail & Ecommerce Growth Strategist and Salena Knight or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.
Are You Paying Rent on Your Own Inventory?

What if I told you that some of your inventory is quietly draining money from your business every single month—without you even realizing it?

And what if I told you that freeing up cash flow in your business has nothing to do with selling more, running ads, or tweaking your pricing—but everything to do with understanding when your stock stops making you money?

So when Christine broke it down for me, I was hooked.

Here’s the deal: Every SKU you own is paying rent. Whether it’s sitting in a fulfillment center or in the corner of your office, at some point, that inventory shifts from being an asset to a liability. And the longer it sits, the more it eats into your profit.

I used to think of inventory as something that just existed until it sold. But after this conversation, I see it differently—and I think you will too.

Listen in and let me know what you think.

Sal

-------------------------------------

00:01 - The real cost of inventory nobody talks about 04:25 - How long should you really keep stock? 09:40 - The inventory mindset shift that changes everything 15:30 - When to discount, when to restock, and when to cut it loose 22:10 - The formula for knowing exactly when a product stops making you money

  continue reading

562 episodes

Artwork
iconShare
 
Manage episode 472456257 series 3019473
Content provided by Salena Knight | Retail & Ecommerce Growth Strategist and Salena Knight. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Salena Knight | Retail & Ecommerce Growth Strategist and Salena Knight or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.
Are You Paying Rent on Your Own Inventory?

What if I told you that some of your inventory is quietly draining money from your business every single month—without you even realizing it?

And what if I told you that freeing up cash flow in your business has nothing to do with selling more, running ads, or tweaking your pricing—but everything to do with understanding when your stock stops making you money?

So when Christine broke it down for me, I was hooked.

Here’s the deal: Every SKU you own is paying rent. Whether it’s sitting in a fulfillment center or in the corner of your office, at some point, that inventory shifts from being an asset to a liability. And the longer it sits, the more it eats into your profit.

I used to think of inventory as something that just existed until it sold. But after this conversation, I see it differently—and I think you will too.

Listen in and let me know what you think.

Sal

-------------------------------------

00:01 - The real cost of inventory nobody talks about 04:25 - How long should you really keep stock? 09:40 - The inventory mindset shift that changes everything 15:30 - When to discount, when to restock, and when to cut it loose 22:10 - The formula for knowing exactly when a product stops making you money

  continue reading

562 episodes

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