How do you clear the dead stocks on your business?

[Xtynehappy]

Most businesses oftenly would use the basic promotional methods like giveaways and reduction in the prices of the products.

 

[Min George]

You can decide to do promotion like buy one and get one free to clear dead stock. One is not expecting to profit from it.

 

[Stardom22]

I think that businessmen with more of the dead stocks on their inventories, they ought to suffer some losses for the same. I think making promotion purposely is very expensive and burdening the business.

 

[Suba]

As a businessman, you can clear the dead stocks in various ways, such as rearranging product displays, flash sales, giving discounts, bundling sales, etc.

 

[Augusta]

You can auction them to give wsy for new products. You can also do clearance sales or do any kind of promotion to clear them

 

[magnus2022]

In my case, i will reduce the price to sell it off or i will use it by myself. But ones expiry date reached, i will discard it. In business, lose is inevitable. After similar incident happened to me, i decided to be buy in small bulks.

 

[Augusta]

Do flash sales, sell them out faster by giving discounts, bundling sales to make people buy more