Smart Strategies To Convert Your Deadstock into Cash

Jewellery business is hard to handle and your stocking of the jewellery in the right way is really important to run your business smoothly. But no matter how much you are prepared sometimes things don’t go too smoothly every time. Sometimes you are not able to sell all your jewellery or you have an extra stock as you have miscalculated. So, you are left with the dead-end stock and don’t know what to do with it. Surely you are not going to take the loss out of that jewellery but you don’t have to worry we have a few tips which will help you with the deadstock so that you can turn it into cash.

• If you are selling at the market price then you need to discontinue that price and lower it to a new level where a large part of the customer can buy them. We know you will be in a loss but this will be much better than not selling that stock. So, bring some more discounts and offers to leave this deadstock back and move forward to with your business. However, if you have silver jewellery then you don’t have to see this scenario. Buy wholesale jewellery online for women and have progress. 
• Enroll for a sales expo, it’s a great way to sell jewellery in excess and make a brand of your name. A large consignment of excess stock can be sold off as paid samples to interested buyers. So, pack your bag and visit the upcoming jewellery expo.
• You can run a contest in which you can take an entry fee and lure customers to win a piece of jewellery. The lucky winners will be given jewellery as a gift or you can run a raffle and declare the number of winners and get rid of the dead stock. Create a sense of urgency to make the buy immediately. Run an online contest and remove the non-movable stock.
• Combo sales are one of the best ways to get rid of the extra jewellery. Combo sales help you sell your jewellery along with a lot of profit. You will earn profit from your regular jewellery as well as from the extra jewellery.
• You can let go of your non-movable stock to a new jewellery store or some business companies at a very low price. This will remove your extra jewellery and give you a little amount, which will not be a complete loss.
• If you have an online jewellery store then can use the search engine optimization and pay per click to increase the audience on your store and with a little discount, you can sell the jewellery remove your stock and move on with your business and grow in your respective field.

Here are the few ideas from which you can take help and get rid of the non-movable stock. II hope we are able to help you with our ideas. Check JewelPin for wholesale natural stone jewellery at a very affordable price.

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