within 2 working days generally
afford to buy.
If you are not intending to hold stock,
then you will pass the request to
your supplier to drop ship the goods
to your customer.
Order more of the popular items, less
of the unpopular items. Physically
count your stock from time to time
some people do a yearly stock
check). It is boring and tedious but
has to be done to account for
deterioration, loss, theft and so on.
Make sure you inform the customer
when the goods are dispatched. Our
WordPress e-shop has an automatic
dispatch notification function.
Investigate the most cost effective
and reliable delivery service for your
parcels.
9. Third Party Platforms
In order to reach more customers
when you are starting up, it’s not a
bad thing to experiment with selling
on Ebay, Amazon or Etsy. They all
have pros and cons and you’ll soon
see which platform is paying off for
your type of product and price range.
You’ll need to set up accounts on
each site and follow their rules and
payment mechanisms. Their fees also
vary, so remember to check your
statements at the end of the month
to see whether selling on those
platforms are profitable for you.
10. Stock Control
As you sell stock, you’ll need to
replenish. Keep an eye on stock
levels. Your accounts software, if you
have one, should be able to generate
a stock take sheet and report stock
levels by item or supplier. Re-order in
regular intervals. Watch your cash
flow levels to see how much you can
Adjust your stock numbers on your
website when new stock arrives or
when stock is lost, damaged or no
longer available (assuming the
website adjusts stock when sales are
made through it).
I hope you find this guide useful. It’s
in no way meant to be
comprehensive and the companies
or websites mentioned here are not
recommendations but merely
examples of what we have used.
If you have any questions or wish to
have more information, do contact
us via
http://www.littletrove.com/contactus/
Ramona Hirschi is the Managing Director
of Little Trove, the UK’s premier fair
trade party plan company. Little Trove
was born and still operates on the
internet at www.littletrove.com. She is
an entrepreneur, former solicitor, wife,
mum of 2, student mentor and ambitious
multi-tasker.
Copyright 2013. All rights reserved by
the author. To read the full article, visit:
http://goo.gl/rgimDK
JASMINE'S PLACE
49