Well we are both are back from our Asia trips and we’re ready to get back into the swing of the podcast. We record these episodes in batches and we’re getting ready for a new one. We also plan on doing a follow up episode on “Cash is King.” So keep an eye out for that.
We’re simply going to be answering a listener's questions today.
We received a two part question from Ryan. He asked us “Is there a point when having too many products can hurt your store?” and followed up with “Does it make sense to remove low margin items in favor of high margin products?”
We answer both of these questions based on our experiences. If you are having a problem with these kind of issues, this episode could be useful to you.
The points of our first answer:
Why having too many products can be a problem. The only reason to keep so many. How it makes inventory easier. How your sales stats can help pare down a large product list.The points of our second answer:
What are the customers buying? How 3PL makes things easier. How the business stats can help influence your decision. When to raise prices, When to mark-up a product. How to avoid being a mere peddler. The advantages of cultivating a brand and what that can mean for your products.Resources Mentioned Today:
If you have any questions or anything you’d like us to discuss on the podcast please go to ecomcrew.com and fill out the contact form. Also we would really appreciate if you would leave us a review on iTunes. Thanks for listening!
