Online Stores: How To Control Your Inventory
The number of e-commerce retailers has grown exponentially during the last decade, and for good reason. Online businesses tend to have much lower overhead costs and capture an extremely large share of the market. More customers shop online today than ever before; conducting virtual operations makes perfect sense for thousands of small-business start-ups.
However, unless the products and services you are selling are 100% virtual (e.g. e-books, online training programs, etc.), you will need a place to safely store your inventory. As your business expands, so too will your supply needs.
The Need for Expansion and Protection
Since you can only run everything out of your apartment or basement for so long, it is a good idea to invest in a long-term storage unit. Many small business owners often find the lack of space at home frustrating and overall counterproductive; keeping your inventory in one convenient, secure location can streamline your company’s logistics and protect its assets from potential theft.
In addition to guards, most modern storage facilities are outfitted with key-code entry and other state-of-the art security features. Most units are also housed in climate-controlled environments, meaning your products will be safeguarded against the elements.
Storing your business supplies and products in your basement or garage may seem fine for now, but it only takes one big flood to jeopardize all your hard work; with long-term storage, you can rest assured knowing your bottom line is always safe. Extreme temperatures and moisture can have disastrous effects, especially for consumer electronics and similar items.
Your business is your livelihood, and it is simply not worth the risk to put your inventory in harm’s way. Not only that, but clearing up space around the home front can give you the much-needed work/life balance that self-employed people – especially those working in e-commerce – find difficult to achieve.
Most entrepreneurs report higher levels of productivity, performance, and happiness when they maintain boundaries between their business and personal life; it may not seem like much, but moving your inventory to an off-site location might be just what you need to take your company to the next level. In any event, you will at least know your goods are in the right place.
Storage units are ideal for online store merchandise and supplies; and the best part is you do not have to spend a ton in overhead expenses to make it happen. Most storage facilities offer rental fee discounts to their long-term users, especially small business owners.
Posted on January 8, 2016 | General Tips