When our heating supplier decided to have a one-time liquidation event, I never anticipated every one of us would make so much money.
It was my plan brought to the table.
I thought every one of us could get rid of some outdated inventory as well as make room for newer cooling system units as well as heaters. We have a storage facility multiple miles away from our office. We keep all of our stock in this storage facility… At any time, every one of us usually have multiple odd makes as well as models of cooling systems, heaters, furnaces, as well as boilers. The facility just finished a multi-million dollar remodel that includes security features, temperature control, as well as CCTV’s. When the storage supplier decided to raise their rates, every one of us had a sale to liquidate some of our older inventory. We expected to take a small loss on the sale, however every one of us entirely made a lot of money. We decided to offer low-cost replacement services on every purchase while in the liquidation event. When buyers heard that every one of us would also offer replacement services at low cost, the doors were flooded with people. 90% of all items bought in the sale were busy with an acsuppliering replacement service. The Heating as well as A/C servicemans were booked steady for a full week after the sale. We sold enough items to downsize our storage area. The public responded so well to our sales event that the owners are talking about doing this type of event yearly. It will help with buyer relations as well as allow us to keep less inventory on hand. In my book, that is a win for the buyers as well as the supplier.