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Been away from this board for awhile. But one of my biggest gripes is stuck/dead inventory. When should I just burn it and take it as a lost? Or just hold it for life? I really can't afford to lose money, since, I am essentially negative with all my inventory already. PS my pricing is on par with Walmart and other giant retailers and they are still stuck. I make a few posts on reddit to get traffic to my Shopify site, each post I make gets 80+ upvotes. The traffic died out after 3 days though. Out of all the traffic, I got from these posts. I got one sale...Obviosuly not worth my time. On eBay as well, adding package inserts on orders for people to go to my website to buy instead, since they get lower prices on my site. Now I have absolutely zero traffic. Can't afford Facebook or AdWords anymore and the traffic quality sucked even though I targeted well. Did it in the beginning, but traffic was never as targeted as reddit (20% bounce rate).
Forgot to mention I do Pinterest. I mean people go into Pinterest with literally a buying/collection mindset and still didn't get returns form doing that. Odd as hell.
Basement filled with inventory. 85% of inventory is stuck.
EDIT: how fast does your inventory turn over?
Forgot to mention I do Pinterest. I mean people go into Pinterest with literally a buying/collection mindset and still didn't get returns form doing that. Odd as hell.
Basement filled with inventory. 85% of inventory is stuck.
EDIT: how fast does your inventory turn over?
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