Different Reasons Why Travel Size Toiletries Are Not Selling at Your Store
Posted by Cheap Travel Sizes on November 06, 2013.
When you stock travel toiletries in your store, you may notice that certain items are not selling as quickly as you want. There can be different reasons why these products might not be selling. By evaluating each reason, you are able to determine the underlying causes and take corrective measures. First, are the items which are not selling brand name products? This plays a big role in whether people are willing to buy them. Most people like to stick with the brand names they are familiar with, instead of buying off-brand products.
Next, if your travel toiletries are brand names, your pricing may be too high. By adjusting your profit margin, and reducing the prices, you could see an increase in sales. In order to determine resale prices, you have to take how much you paid for the items and decide what percentage of markup you want to place on each one. Putting a larger markup on your items often causes a decline in sales. However, by placing only a small markup on your products, you frequently see an increase in sales. As a result, it is possible to sell a much larger volume of travel sized products, which leads to earning more on the products with a smaller markup, over those with a larger markup.
Finally, you have to consider your supplier of travel sized products. If they are charging you a higher amount for brand named products than our wholesale prices, you are forced to charge your customers more. Rather than make your customers pay more for the products they need and want, you might want to switch suppliers and start receiving wholesale pricing.
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