Mistakes to Avoid When Buying Dollar Store Products

Nov 22
09:18

2011

Bob B. Hamilton

Bob B. Hamilton

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One of the most important things you need to do when you run a dollar store is to buy products to sell. You need to avoid making certain mistakes when buying these dollar store items though. Here are a few tips for you.

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One of the most important things you need to do when you run a dollar store is to buy products to sell.  You need to avoid making certain mistakes when buying these dollar store items though.  Here are a few tips for you.

One of the most common mistakes people make is not carrying the right type of merchandise in their store.  You will want to fill your shelves with items people need and want.  Carrying core consumables is a requirement.  However,Mistakes to Avoid When Buying Dollar Store Products Articles you will also want to carry impulse and currently popular items.  Offer as much variety as you can.

You need to have the right timing when it comes to buying dollar store items.  Avoid ordering merchandise too soon or it will end up spending a lot of time in your stock room.  Needless to say, these dollar store products will not be contributing to your bottom line while they are back there sitting out of sight from your shoppers.

Conversely, you do not want to wait too long to make replenishment orders.  There are certain items you should never, ever run out of.  If you make your order too late the shipment may not arrive by the time you need it.  Consider the average shipment time of your suppliers when making these reorder timing decisions.

Some people make the mistake of allowing their dollar store products to sit around in their receiving area too long.  Doing this will not make you any money either.  It is best for you to move the products from the truck to the shelves as soon as possible.

Another mistake owners make when it comes to dollar store items is leaving the back door open or unlocked.  This could be for a range of reasons such as allowing the room to air out or that you are expecting a delivery soon.  You should never leave the doors open or unlocked.

If you do it will invite people to sneak in and steal items.  You may only lose a few items at one time.  In other cases it can amount to many boxes of items lost forever.  Either way, you will lose money which you could have avoided by implementing a basic security measure.

Make sure you never buy damaged dollar store products either.  For example, some cans you receive may be dented or maybe the plastic packaging has been torn.  Your customers will likely take one look at the particular item and put it right back on the shelves. 

These are some of the most common mistakes entrepreneurs make when buying dollar store items.  You can save yourself a lot of money and hassle if you avoid making them yourself.