I'm working on a new (temporary!) business model. Which reminds me. I cannot beLIEVE I didn't mention that my building came! It's been here for a week and a half. We decided to completely finish the inside, so my husband is working hard at insulating and running wires for electricity. He'll be doing drywall, hopefully next week.
So, back to my business model. As you all know, and are likely experiencing for yourselves, business is slow right now. Very slow. I have a HUGE mess in my eBay room. We had a yard sale a couple weeks ago. I took ALL my eBay clothing off the hangers and off of my clothing hanging racks in order to use them for our yard sale. After the yard sale was over, I didn't bother putting the clothing racks back in, using the excuse that the building would be here any day now, and I would just have to take it all apart again to move it to the building.
Well, I didn't take into account the fact that the building would need a couple weeks worth of work done before I could move in.
I am about to bare my soul here. I know I have shown you photos of my eBay room before, but it looked nothing like this:
It's hard to get a good feel for the mess, based on this picture. But let me tell you ... it's about hip high. It goes literally from wall to wall to wall. The mess touches those boxes in the back by my red dress form. The mess touches those boxes in the upper left corner. There is a pathway from the door to the table (the white thing on the far left). It's a nightmare. These are my piles of listed clothing that I threw on the floor to use their hangers and hanging racks. It was a bad BAD idea to not hang them back up again. Aside from the obvious nightmare of trying to move and work around the piles, do you have any idea what it's like to find something when it sells????
So anyway ... bringing this all back to my opening sentence. I am trying out a new temporary business model. These clothes have to go. I love selling clothes. They can bring an incredible profit margin. But many of them I have had since January, February, or even earlier. I paid so little for them that I can slash my prices and still make good money on them.
Besides the issue of mess and storage, I am in desperate need of cash flow right now. So my new temporary business model is this: I have put all of my clothing 50% off in my store. I've started with just a 7 day sale to see how it goes. I'm hoping this will help with 2 goals: #1 - clear out some of the mess and stale inventory. #2 - get me some cash fast.
So far, so good. I have had 7 sales today. 5 of them have been 50% off clothing. Of course that means that now I have to find those 5 garments in that mess, but I am grateful for the sales. I am anxious to see what my sale does for my business over the next week. And I might even leave that sale on until I am ready to move to my building. Who knows?