How Much Inventory is Too Much? By StitchLabs

When the U.S. economy slowed in 2008, many small retailers began to experience the impact on a time delay. The cheaper, fast-selling items kept selling, but the higher-priced items with less momentum sat on the shelves. Budgets tightened and the high-priced, but slow-moving items locked up cash that could have been better used to replenish … Continue reading

Life of a Package in the Post Office

We all know what happens to a box on the customer side of the counter. Wrap it nice and safely, put it in the box, tape it up, stick on the label, hand it over – and then it disappears into a vortex. This is the point where most of us lose perspective on the … Continue reading

20 New Year’s Resolutions for the Online Seller

It’s that time! Along with any personal resolutions, online business owners need to figure out what they’re going to promise to do for their business in Two Zero Toothpicks. Here are 20 of ours to help you on your way. 1. Go Mobile We’re entering 2011. That means we now live in the FUTURE. And … Continue reading

What They See is What They Get

Imagine, if you will, a potential customer. They hear from a friend of a friend of a friend’s friend that your online store sells the most unusual plush figures on the planet. And you do; the site is filled with plush hearts, plush mammoths, plush bacon, even a plush version of Frankenstein’s monster dressed as … Continue reading

Bruce and Rhonda, Loading Dock Heroes [The Kabbage Chronicles, Day 29]

Note from Kabbage: When last we left Bruce and Rhonda, they’d successfully bid on several lots from a major retail distributor and were planning to resell them. That is… if things would stop going wrong long enough for them to actually pick up the inventory! Off we went in the borrowed suburban to the major … Continue reading

Bruce and Rhonda and the Mound of STUFF [The Kabbage Chronicles, Day 19]

In our line of work we get a lot of stuff. Good stuff, fun stuff, useful stuff but still it is just that…stuff. From our estimation only about 70% of it sells. The other 30% tends to take up space and lounge around.  In a house filled with 8 people excess stuff is an unwelcome … Continue reading

Learning How to Choose Inventory—American Pickers Style

Reality television was once the home of drunken college kids and desperate singles—okay so it still is but those kinds of reality shows aren’t going to help your business in any way. But now, with shows like the History Channel’s America Pickers, you can watch entertaining reality T.V. and learn about how to better your … Continue reading

Bruce and Rhonda Savvily Source Inventory [The Kabbage Chronicles, Day 2]

I spent a few minutes this morning just staring at our PayPal account. The lump sum there from Kabbage is a seed of promise. We want to make sure we make wise decisions with the money that has been entrusted to us. A lot of people worked hard to start Kabbage at no small cost … Continue reading

Cost of Goods Sold – Why Does it Matter?

Accounting is an important skill that some people need… some really boring people who suck all the fun out of life, who enjoy spending days counting beans and other small but numerous objects and who think TGIF means it’s time to rustle up their mismatched socks and figure out alternative uses for these argyle wonders. … Continue reading