061 - Top Strategies for Finishing The Year Strong

Since December is one of our most lucrative sales months, today’s episode is devoted to helping your business end the year with a bang and not a whimper. We open by exploring why you should reprice your items, with host Stephen Smotherman sharing his liquidation repricing rules for offloading gift items and decorations. After touching on the benefits of using automatic pricers like BQool, we talk about why you may want to expand your business to include Amazon merchant fulfillment. Focusing on how buyers adopt different consumer behaviors over the festive season, we then discuss how these behaviors impact sales ranks and other data and how this affects what you should stock in the new year. Shifting gears towards your 2021 start, we dive into how you can benefit from clearance sales and what to look out for to ensure you don’t end up overstocking or losing money to storage fees. Near the end of the episode, we reflect on the marathon that was 2020 before sharing our top advice on ending the year in the best possible position. Tune in for more insights on how you can end 2020 on a high note.