What It's About
Let's not get carried away—but we do need to keep some stock on hand, right?
Notes from Chris
Episode 3115
It’s one of the oldest dilemmas in physical product businesses: make too much and you waste money and storage space. Make too little and you miss sales. That’s the challenge Naomi from St. Paul is dealing with. She runs a one-woman skincare brand and wants to grow—but without overcommitting to inventory she can’t afford or store. In today’s episode, we’re looking at practical strategies for managing stock when you’re small, nimble, and not ready to operate like a big brand. How do you plan just enough, without getting stuck in the “feast or famine” cycle?"I run a small side hustle selling handmade skincare products—mostly body scrubs and lip balms. I make everything myself, and while sales have been growing, I’m struggling with inventory. Sometimes I make too much and it sits around for weeks. Other times, I sell out faster than expected and can’t keep up with demand. Since I have limited space and a tight budget, I don’t want to overstock, but I also hate turning customers away. What’s the right amount of inventory to keep on hand when you’re still growing—and how do I find that balance?"Listen to today's episode to learn more...
SEE ALSO:
- Catholic Designer Creates Stylish Apparel Line: What shall it profit a man to gain the whole world but not sell any t-shirts? This designer cast his bread upon the waters and ended up with a profitable fashion line.
- Seattle Couple Creates New “Income LiveStream”: When a married couple runs into logistical problems at their wedding, it leads to an innovative service that other engaged couples need during the pandemic.
- Role-Playing Pastor Rolls The Dice On $2800/Month Hustle: Listener success story! This Presbyterian minister turns to his lifelong interest in role-playing games to set up a sustainable second income source.
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