Make sure your business grows by having a warehouse. Find out the importance of warehouses when you read this article here at Jalo. The benefits of having a warehouse are:
1. You get to keep more of the money you earn. (Say what?)
2. You can offer better terms and conditions to your customers.
3. You can use the money you save on advertising to expand your business even faster.
4. You can make your customers feel good by sending them a letter or making a phone call to tell them how their purchase has helped someone in need. In short, the money you save on advertising helps you grow your business by making you more human. If you want to increase your bottom-line profits, start thinking about your “warehouse of profit.” I want to leave you with one last thought: You know what I’ve been wondering? Here’s what I’ve been wondering: Why don’t more copywriters build their own copywriting agencies? It’s something I’ve wanted to do for a long time but I just never got around to it. Well, let me put your mind at rest. You don’t have to do it alone. In fact, it’ll be much more effective if you work with another person. And the other person can be YOU!
* It gives you more working capital… which lets you expand faster and achieve more income… which in turn lets you pay more taxes.
* It gives you more buying power… which makes it possible for you to buy products and services on a BIG discount.
* It protects you from “price erosion”. This occurs when one of your competitors lowers his prices in an attempt to get your business. A locked up warehouse prevents this from happening.
* It provides “product diversity”. A locked up warehouse gives you the flexibility of being able to stock lots of different types of inventory which allows your customers to more easily choose what they want.
* It provides “liquidity”. Your locked up warehouse keeps your inventory moving which gives you more opportunities to sell it at a a higher price.
* It shows your customers you are a serious businessperson. If you have a well-stocked warehouse, your customer will see this and associate your business with stability.
In reality, a properly run warehouse should do all these things and more. But, even if your warehouse is not perfect, it can still provide a huge benefit to your business. Here are five things your current warehouse could be doing which are slowing down growth and hurting your bottom-line: