The holiday season is just around the corner, and retailers are gearing up for the busiest time of the year. Holiday gift shopping starts as early as October, so the time to plan your holiday retail strategy is now. At Go Mini's, we're here to help you prepare for the rush, so you can be sure that your inventory is ready to meet the demands of holiday shoppers. Get ready to make this holiday season a success!
Planning Ahead: The Key to Successful Holiday Sales
The holiday season is a make-or-break time for retailers, often contributing to a significant chunk of annual revenue. At such an important time for sales, it’s important that your business is able to reach as many customers as possible. According to RMServicing, customers are willing to switch brands or even go to a competitor if the item they’re looking for isn't in stock. So, to avoid lost sales, it’s crucial to have your inventory management in order and prepared to meet holiday demand.
To become the go-to destination for gift shoppers, you need to ensure that the shopping experience is easy, flexible, and tailored to your customers’ needs. This includes having the item they want in stock and ready to be sold.
It goes without saying that increased shoppers mean increased inventory needs. Now is the perfect time to reach out to suppliers and ensure you've got ample stock, especially for those hot-ticket gift items.
Inventory Management Options
Preparing for the influx of holiday sales requires careful consideration of how you will handle excess inventory. Outsourced warehousing can be costly, and on-site storage within your retail space can lead to disorganization and loss of valuable retail space. Here are two common storage options to consider for your temporary storage needs.
On-Site Portable Storage
Instead of expanding physical stores or cluttering your back room, try on-site storage with Go Mini's containers. These portable storage solutions provide ample storage room and let you keep your retail and backroom spaces free of overstock.
This option is more affordable than warehousing, doesn't require using up space that you could use for more important purposes, and is on-site, secure, and easily accessible. And because Go Mini's containers are durable, safe, and weather-resistant, you can rest assured that your excess merchandise will be kept clean and secure.
If you require additional storage for holiday merchandise but don't have a high traffic volume to warrant on-site storage with immediate access to inventory, off-site storage might be the perfect solution.
With Go Mini's, you get the best of both worlds. Our containers can be conveniently kept on-site or in our secure warehouses. You simply load your container, we pick it up and keep it at our secure facility, and when you need your stored inventory, we deliver it straight to you. It's that easy!
Storage Tips for Optimal Organization
Once you've chosen your storage solution, it’s time to organize your inventory. Here are our tips for making the most out of your inventory management during the holiday shopping season.
Label Everything: Labeling your inventory is essential for efficient storage. Clearly mark each item or box with a description and any relevant details, such as SKU numbers or product codes. This will make it easier to find specific items when you need them.
Maintain an Inventory List: Create an inventory list that outlines all the items stored in your container. Keep it updated as you add or remove items. This will help you keep track of what you have and prevent you from overstocking or understocking certain products during the holidays.
Use Racks or Shelves: Utilize racks or shelves within your storage container to maximize vertical space. This allows you to store items vertically, making it easier to access and organize your inventory. Plus, Go Mini’s offers racks and storage equipment for rent with your portable storage container for convenient organization.
Invest in Storage Bins or Boxes: Use storage bins or boxes to group similar items together. This not only helps with organization but also protects your inventory from dust or moisture. Choose stackable bins or boxes to save space and make the most of vertical storage.
Maximize Vertical Space: Take advantage of the height of your storage container by using tall shelving units or stackable storage solutions. Be sure to secure items properly and ensure stability when stacking to avoid accidents.
Categorize and Zone Your Inventory: Create specific zones within your storage container for different categories of inventory. For example, dedicate one section for electronics, another for clothing, and so on. This makes it easier to locate items quickly and helps maintain overall organization.
Regularly Audit and Reorganize: Set aside time at regular intervals throughout the holiday shopping season to audit and reorganize your inventory. This helps you identify items that are no longer needed, adjust quantities, and optimize your storage space further.
Partner with Go Mini’s this Holiday Season to Maximize Product Storage Space
As your retail business prepares for the 2023 holiday season, Go Mini’s is here to help with your inventory management needs. Our secure, convenient, and affordable inventory storage solutions make us the perfect choice for expanding your inventory space without compromising your brick-and-mortar locations or security.
Get in contact with Go Mini’s today for a hassle-free transparent quote and book your Go Mini today. Let us help you gear up for increased holiday sales!