Are you moving from being a business owner or are closing your store due to bankruptcy? Whatever the case this can be an quite an emotional time. Selling off all your inventory is the best way when it comes to liquidating your company. Before closing your store, having a going-out-of sale or a closeout are among the popular ways that you can use to sell your merchandise.
It is important that you note; having a sale date for your merchandise is a relative a good idea of ensuring you have all your items sold, by the end of your sale date. The following are some factors that can make it easier to sell your merchandise at a store closeout sale.
- Planning the process
Brainstorming the steps involved in a store closeout sale can be way easier, than setting up a general sale. This is due to the fact that you are aware of the end goal and bottom line; ensure that you have most if not all of your merchandise sold before the closing date.
Ensure that you have reasonable objectives when you’re establishing discounts for your merchandise. How will you be able to sell off your items, is it by bringing former customers to go for reprise shopping trip or by lowering prices so as get new customers.
- Tapering Sale
Selling out all your items too fats can become problematic. During the first week of sale, it’s when you are more likely get customers. Having a progressive store closeout sale helps in avoiding initial prosperous clearance deals, which dwindle when it comes to effectiveness. It’s also recommended to wait before removing your items until the end of sale.
- Reaching Out To Consumers
One of the most ideal ways of showing customers that you have closeout sales or going-out-of-business sales; is in using physical signs around your store. You can be able to utilize new and old forms of technology in order to communicate your sales details. You can also announce your store closeout sales on social media pages. You may also opt to email your loyal customers letting them be aware of the closeout sales.