Why you shouldn't stock what you can't easily sell off in about a week?

[Kross]

Some people end up over stocking their businesses all in the name of holding stock inventory. They hold so much stock that would last them for 5 months, especially if the products are non perishable.

What are the bad sides of holding too much stock that can last for a long time in your business?

 

[Trush Jodie]

You don't stock too much so that you won't be so desperate to sell and start selling at compromised prices.

 

[Augusta]

Well, this is no one fit it answer. Stocking goods depends on the situation. if you know the products is fast sale then stocking more is the way to go if not then do otherwise

 

[Fidelia]

If your goods are not perishable, and you have spare funds, it is better to stock more. But if it is not perishable, you can stock less.

 

[eLdavis]

This is why market research plays a very important role before you restock. This way you can easily decide on which product to stock on.

 

[Augusta]

it doesn't make sense. Just stock what you can sell. So that you don't have much leftover to sell.

 

[King Belieal]

The cost of having to keep inventory of products that are unsold is always not worth it. Stock what you can sell off in a short time.

 

[Springtime]

You have to check out which products sell fast before you decide to stock up. Otherwise, the products may expire, and you have to end up selling them at a cheap price.

 

[Augusta]

You would avoid tying down your money and Capital by not doing this. you can have money to buy other things

 

[Kera]

This is the very reason why products based businesses are not my thing. Service based business that depend on skill don't have these issues.

 

[Fire&Rain]

Yeah, holding too much stock can be a headache. You lock up cash that could be used elsewhere, end up paying for storage, and risk stuff losing value or going out of style. It feels safe at first, but long term it can drag your business down instead of pushing it forward.

 

[Augusta]

Yes it is not good to have too much stock left in your store. You just have to get mostly only what you can sell out

 

[Kross]

Holding too much stock can make a business to feel frustrated and feel like the business is not making progress.