Sometimes, business plans change. You need to turn property into cash. Or you decide to move your business to another location. Before you can put up the warehouse for sale, you need to liquidate its inventory first.
Here are some ideas to speed up the process without sacrificing your revenues too much:
- Create Product Bundles
Product bundles are very popular among consumers. If you offer complementary items together – such as shampoo, hair conditioner and hair mask – with a small discount, the bundles will fly off the shelves. You can also put these bundles in gift packaging, helping clients find a present for their loved ones.
- Auction Contents Online
If you speed up the sale process, you can host an online warehouse liquidation auction for the entire lot of inventory. Many wholesalers are looking for good deals, as well as smaller retailers who want a bargain to help them improve their bottom line.
- Host Clearance Sales at the Premises
If you don’t want to deal with auction websites, you can organize a clearance sale at the warehouse. In this case, you need to offer attractive deals – buy one get one free, significant discounts, etc.
In the end, you may not recover the full value of the inventory. But any cash you can get is more than welcome to fuel your new business plans.