Home-based Business Organizing Tip #5: It’s MY products and I’ll store them how I want to!

Not everyone works or thinks the same way.  So when it comes to creating an effective storage system for your products, the same understanding applies.  It’s so easy for that intrusive but well-meaning person to come along, pick through your things, and tell you how “all your lipsticks should be put together…” or how “it would make more sense just to put all the men’s products in one area …”.  Yes, but that would be too simple and I deliberately want to make things harder for myself. Nooo!

Home-based Business product inventory

Unless that caring individual has to work with me in that space, they don’t know that it’s not always as simple as putting all of the lipsticks together.  They don’t know that it’s a WORLD of matte lipsticks, lip glosses, lip stains, ravishing reds, pretty-in-pinks, naughty nudes… and they are constantly changing.  They don’t understand that orders are not just placed by lipsticks or shoes.  It’s the types of shoes, the types of lipstick.  It’s the type of men’s accessory… is it seasonal?  For what purpose?.. dry or oily skin?  What size?  These are just examples of what needs to be taken in consideration when creating a storage system for your products that will really work for YOU and your business.

Home-based Business Inventory list

Home-based Business Organizing Tip #5 :  Store your products according to what works best for your particular business.

  • First thing’s first, go through your entire inventory and sort through what you have.  Create general categories for your storage area according to what your inventory consists of.  It may be lipsticks, eye liners, blushes.  It may be men’s, women’s, children’s.  It may be candles, flatware, or linens.  Then, create sub-categories based on the types of lipsticks, candles, or children’s items.
  • Purge products that are unsellable or discontinued.  You may consider using the discontinued items as give-aways or thank-you gifts for customers.
  • Take consideration of items that may be temperature-sensitive and store them accordingly.
  • If space is an issue, consider condensing some of your categories or take more advantage of your vertical space by purchasing wall shelving.
  • Use sturdy storage units that will withstand wear-and-tear over a longer period of time.  Consider stretching your dime a little more for a better quality shelving unit.  It’s an investment worth making.
  • Store seasonal or special occasion items further away, while items that sell or are used regularly should be stored in view.
  • Good lighting is as essential in your storage area as it is in your work space.  Concerned about power consumption?  Energy efficient light bulbs are the perfect, cost-effective solution.
  • When labeling your products, be sure to use a font size that is easily visible to you.  It’s enough trying to locate the products themselves, let alone having to struggle with what your label says on the shelf or the container.
  • Keep a log of any items that have specific expiration dates and be sure to store the items with the closest expiration dates toward the front to be sold first.  Keep an inventory tracking log daily so that you know what items may need to be restocked, especially prior to key sale days or events.
  • Finally, be sure to take a few minutes at the end of your business day to do a quick run through your work area and inventory space to make sure everything is placed back in it’s original home.

By keeping these tips in mind, you’re business day is sure to flow as smooooth as butter.

– Sy

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