Do you think they will somehow become best-sellers next season if they weren’t last season? You know they won’t — and you also know you don’t want to end up on Hoarders… You may be holding onto it because you’re attached to the styles – I get it. I’m a designer too and I know some styles have really felt like my special pets, my “babies”.
Stop doing that.
Let the business person in you smack some sense into the creative person and unload that old inventory! It’s not doing you any good sitting in your warehouse.
While I know selling it off will probably not be profitable, at least it’s SOME money coming in the door instead of just sitting around getting you nothing. You can improve your cash flow today, right now, by selling it off ASAP.
So move it out, take the loss (yes, sell it for less than it cost you), and get SOME money coming in the door.
How will you unload it? Consider a sample sale, e-bay, Craigs List, flash sale, or a clearance section on your website… What other ideas do you have? What’s worked for you? Please let me know in the comments section below. Share your knowledge and show me you’re alive.
Have a great day,