Carefully Watch Daily, Weekly, Monthly Dollar Store Merchandise Sales

Running a dollar store takes up a lot of time - there are many tasks that need to be handled.  Managing your inventory properly is probably one of the most important tasks.  Make sure that you watch how the sale of your dollar store merchandise is progressing.  You will need to look at sales not only on a daily basis, but on a weekly and monthly basis too.

It should go without saying that all types of dollar store merchandise moves out at different rates.  If you have products that sell very quickly, you will obviously need to keep a closer eye on them so you will avoid running out.  It is especially bad to run out of core consumables or particularly popular items.  Since virtually everyone needs core consumables, they will sell out the fastest.

Unfortunately, customers will not buy all products at such a fast rate.  Some of your dollar merchandise will spend a long time on the shelves until they are finally picked up, if they ever are.  If you keep an eye on sales like you are supposed to, then you will easily identify slower-selling merchandise so that you can adjust your order sizes appropriately.

Since it is so important to keep core dollar merchandise in stock, you may be tempted to order a lot of it.  It is not necessarily good to have too much of it sitting in the back.  If you are not selling the products in the back, then you are not making any of your money back.

Your order sizes are not just about how much inventory you will have in the back of your store.  You will need to think about freight costs too.  Freight costs can put a significant dent in your profit margin, so you will want to do have as much merchandise in one order as possible to keep it minimized.

When it comes to watching daily, weekly, and monthly dollar store merchandise, you will definitely find a POS system or inventory management software helpful.  If you are trying to save money in your start-up budget, then you will probably have to do things manually.  As your store becomes more successful, you can use some of the profits to invest in a POS system.

Dollar merchandise moves out of your store at different rates.  Watch your sales carefully so that you can make suitable replenishment orders in a timely manner.  You will especially need to keep an eye on your core consumables and other hot products to ensure that you never run out.