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| THE GOLD MINE Here you will find the nuggets of wisdom that members have shared over the years. This should be your first place to go for information. |
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| | #1 (permalink) |
| Rookie Join Date: Jul 2005 Location: Victoria, BC, Canada Posts: 35 | What is the best strategy for inventory management? I have some lotions that sell like hotcakes and some that are great lotions and will sell eventually, but I am hanging on to them for a few months at a time. Do I reorder the ones selling like hotcakes or push the ones that are sitting for a while? What does everyone else do? |
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| | #2 (permalink) |
| Veteran | Whatever you decide to push is what will sell... Lotion 101: You have the power to make any product your top seller... just start suggesting it to all your tanners. __________________ Greg Klesius GSK Resources 800-654-1209 www.gskresources.com soakinuptherays@yahoo.com |
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| | #3 (permalink) |
| Hall of Famer Join Date: Oct 2006 Location: Michigan Posts: 1,607 | I'm trying to PUSH these bottles of Rayz and no one wants them. I have them down to 5.99 and still no one buys them. Now I'm gonna send them off to another salon to help her out but I hope she has better luck. __________________ http://www.myspace.com/tanmissy |
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| | #4 (permalink) |
| Hall of Famer | Go with the flow....sell and stock what moves __________________ ![]() www.ChronosMarketing.com __________________________________________ Do they call it P.M.S. because MAD COW DISEASE was taken? |
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| | #5 (permalink) |
| Veteran Join Date: Sep 2005 Location: Pennsylvania Posts: 270 | I get rid of all of the crappy lotions that I have by sending them back to my distributor....I'm lucky, if it doesn't sell, I have 1 year to send em back.....I used to carry alot of everything....Fiesta Sun, Supre, Designer Skin, OC, Devoted Creations.....I found it is so easy to sell Devoted Creations and OC than any other product, so that is all I stock, I can't keep them stocked long enough, they sell like hot cakes. |
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| | #6 (permalink) |
| All Star Join Date: Jan 2007 Location: Toronto (Smog Central) Posts: 69 | Stock your best sellers and the ones that have the best profit margins. If you have staff, its always a good idea to stock the lotions that they like because generally that's what their going to sell. |
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| | #8 (permalink) |
| Hall of Famer | You must be very tired, right? __________________ ![]() www.ChronosMarketing.com __________________________________________ Do they call it P.M.S. because MAD COW DISEASE was taken? |
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| | #12 (permalink) |
| Hall of Famer | On a Tuesday night?....must be nice ![]() __________________ ![]() www.ChronosMarketing.com __________________________________________ Do they call it P.M.S. because MAD COW DISEASE was taken? |
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| | #13 (permalink) |
| Veteran | Cup the products out for $1 a cup... __________________ Greg Klesius GSK Resources 800-654-1209 www.gskresources.com soakinuptherays@yahoo.com |
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| | #14 (permalink) |
| Hall of Famer | that's what I do at my flea market location... lol ... Greg, heve you priced out packete packaging equipment? How much are they? __________________ ![]() www.ChronosMarketing.com __________________________________________ Do they call it P.M.S. because MAD COW DISEASE was taken? |
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| | #15 (permalink) |
| Veteran Join Date: Aug 2007 Location: Conshohocken, PA Posts: 318 | You can always sell your most popular and special order others. Then you arent holding onto lotions that are not selling in the meantime. Just an idea __________________ “Small opportunities are often the beginning of great enterprises"-- Demosthenes (384BC - 322BC) |
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| | #18 (permalink) |
| Summergirl Join Date: Jun 2008 Location: DE Posts: 107 | I was told not to discount your lotions-instead, offer a tanning special w/ that lotion. EX-Buy a $50 bottle of lotion-receive 5 Free Turbo tans($60 value). I have session packages on all beds, but turbo bed is 3/5/8 & 10. Depending on the cost of the lotion, determines which session package the get for free. My customers love this because they have the 20 min bed package & can use their sessions in standup or turbo. Encourages customers to use upgraded beds & love them. So they either upgrade when their sessions run out or they have to buy more lotion to get freebies. win/win |
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| | #19 (permalink) |
| Mojave Tan Join Date: Jul 2007 Location: Natomas, CA Posts: 634 | Take them off of $5.99. Wait til 4th of July weekend & make them all 1/2 off. Include you other misc. bottles, packets, etc. Call it your "1/2 yearly sale" like Nordstrom & limited to quantities on hand.. Works for us every time. When I have excess packets of a lotion -> Buy 1 Get 1 Free. This way I get rid of 2 packets in one sale and deplete the stock faster. |
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| | #20 (permalink) |
| Hall of Famer Join Date: Feb 2005 Posts: 1,851 | pricing them at $5.99 is part of the problem. if you must discount them that low, people think they are crap. put them at full price, put them on your counter and tell your customers you have a limited special of a free session in your best bed (or 2 if no Hp) but this is a limites sale, or a Today only sale. thats how we clearance lotions, and they move fast for us that way. __________________ We are the creators of our own life experiences through thought. Thought becomes things, good or bad. Think positive. |
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