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    1. hudson is offline

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      #1

      How to manage time during slow sales days

      If you make your living doing online sales, then you know you're going to have both fast and slow sales days. I'm just curious, how do the rest of you spend your days when the sales just aren't coming in?
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      #2
      Sales are cyclical, seasonal. You could setup different online stores aimed at each seasonal segment, for example:

      1. Skirts store for the spring

      2. Outdoor toys and games for the summer

      3. School Supplies for the end of summer - autumn season

      4. Craze toys for Christmas

      5. Skiing equipment for winter

      If you are yet unable to segment your business, you should invest the time you are gaining from slow periods into finding ways of promoting your existing estore, so that once the relevant busy season arrives you are positioned to make the most from it.
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    3. jacob is offline

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      #3
      Great answer. I was starting to think along the lines of double-checking inventory. Upgrading to seasonal from a year round plan that isn't working too well is a better idea though.

    4. Aroostika is offline

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      #4
      My one tip is to read read read, whether that be mags, forums, etc. Research and learning will usually be profitable in the end.

    5. Thank you for this post:

      ksentryknight (12 Jul 2010)

    6. Barney is offline

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      #5
      Reading is a good way of improving your knowledge and being well informed in wholesale business. It's also good to utilize the extra time you find the working strategies to promote your stores, like what Admin suggests.

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      ksentryknight (12 Jul 2010)

    8. mikel is offline

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      #6
      Take your slow days and do whatever it takes to make sure that it's not a year after year occurrence. It's hard to have a healthy bottom line in this situation.

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      ksentryknight (12 Jul 2010)

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      #7
      It may also be worth taking this extra spare time to nose around the net and see what IS doing well. That could suggest some ideas for expansion or diversification.

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      ksentryknight (12 Jul 2010)

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      #8

      Quote:

      Originally Posted by Bosley View Post
      It may also be worth taking this extra spare time to nose around the net and see what IS doing well. That could suggest some ideas for expansion or diversification.
      Good suggestion, dedicate your spare time to market research and to identifying new opportunities.

      How you invest your spare time will depend on your circumstances:

      - If you are starting out, evaluate your business idea by drawing up a business plan.

      - If you already own a business, see how you can improve it; or if it is already very successful, evaluate how you can replicate that success in other industries.

      - If you have multiple successful sites, take a nice break and recharge yourself

    13. Thank you for this post:

      ksentryknight (12 Jul 2010)

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