Focus on your inventory turnover rate—the number of times your stock is replaced annually.
A healthy turnover rate is between 5 and 10, meaning quicker sales and more available cash.
Prioritize selling current inventory quickly to avoid cash being tied up, meaning it’s better to sell at a discount than have your stock sitting in your garage for a year waiting for someone to pay full price.
Focus on existing customers instead of constantly chasing new ones.
Instead of spending resources on attracting new leads, invest in appreciating and engaging those who already know your brand.
This approach can increase your bottom line without spending a ton of money on ads.
If you want the free email automation template, you'll have to read the full article!
Consider adding strategic, low-cost, giftable items to your product line.
Focus on items under $35 that align with your brand, such as branded accessories or practical products.
This approach can attract budget-conscious consumers and increase AOV (average order value).
1. Collect Emails In Person: Use events to build your email list, even if customers don’t purchase immediately.
2. Be Consistent with Emails: Send regular, interesting, and helpful emails to maintain brand credibility and customer engagement.
3. Evaluate ROI: Track and analyze your time spent on tasks to focus on activities that directly increase sales.
If you want more tips on how to boost your sales, you'll have to read the full article!
click on over to the beginner fashion startup guide...