3 Ways Auctions Help You Control Inventory
Posted On: April 8, 2019 by Backes Auctioneers in: Auctions
“SOLD!” This is what you want to see happen to your growing inventory. If your business’s merchandise is starting to grow beyond necessity, it may be time to consider an auction. It can be items that have been returned or a simple excess of items. You can hear that wonderful “s” word by taking your valuable items to auction today! Here’s how it can help your business inventory.
1. Business to Business Buyers
When selling items with Backes, there’s a good chance you will be in the company of others with a business similar to yours. This not only means that you will likely have interested buyers, but that you will have a good idea of what types of products will be of the most interest to them.
2. Improved Cash Flow
For whatever reason you have a surplus of inventory, selling your items at an auction is a smart way to make the most money. When partnering with an experienced vendor, they know how to get your products in front of the right people who are willing to pay significantly more than a random buyer you find online. You may find this to be a profitable opportunity.
3. Marketing
This may be something you never thought about, but by putting your business out around people who are interested in the types of items you have, you may just create some buzz for your business. This is especially true if you are there in person. Wear your company t-shirt and be sure to represent your business well. Never waste an opportunity to brand yourself!
Whatever you decide, the bottom line is that you are looking to clean house while still making the most revenue off of the items as possible. Think of all the square footage you can gain! Auctions can help you with this by putting the items in front of the right people, improving your overall cash flow and providing an opportunity for you to market yourself. Contact Backes Auctions now to see how we can help you get started!
0 comments