One of the keys to being successful in any direct sales business is to build your inventory of your products. Whether you keep a lot for your vendor events and trade shows, or only a small amount to give away as samples and promotions, it would be great to spend as little as possible of your own money to build your product inventory! There are three main ways to build your inventory without spending a lot of your hard earned paychecks!
I have mentioned before that one of the best ways to boost your sales and fill out your party calendar is to host your own party at least once a quarter. Not only do you control how the guests are invited and how the party flows, you are the recipient of the hostess rewards! Take advantage of receiving the hostess rewards to stock up on popular items that you find you love to have on hand. Purchase a good quantity of a special item for team incentives or customer thank you gifts.
This idea is perfect for those in the direct sales business where there are limited quantities of certain styles or colors of items. I’m looking at you, my lovely LuLaRoe® ladies! Join and engage in Inventory Swap Facebook Groups. Not sure how to find these groups? Go to Facebook and use the search feature to look for inventory swap direct sales groups. Also, seek out other consultants in your local town. They may be happy to swap products for yours, it is a win-win!
Invest In Yourself
I am a firm believer that a small investment in yourself and your direct sales business will be returned 10 fold (or more!) Take advantage of your direct sales company specials and wholesale discounts to purchase items that are in demand and always popular. If you find yourself low on cash and not able to invest as much as you would like to, don’t forget to read my post about budgeting when you have inconsistent direct sales income. A few tweaks and you will have the money set aside to invest and grow your business!
Another way to invest in yourself is to create better Facebook parties, grow your Instagram following, or use Pinterest for your direct sales business. Any of the training from Brenda Ster are worth the investment to grow your customer base and increase sales in the long run.
Whether you sell jewelry, makeup, bags, or buttery rich leggings, you will find yourself looking to have some type of inventory set aside. I hope these three ways have given you ideas on how to build your direct sales inventory without spending too much of your hard earned money! Like these ideas to save? Comment below with your favorite way to build your inventory. I’d love to hear it!