Small businesses know that OTB (Open-to-Buy) planning is an important consideration when choosing what to buy and when. OTB is a simple buying plan that ensures your businesses keeps the right amount of inventory on-hand to support your sales plans in the foreseeable future. This plan is not meant to stop you from buying, but instead, to manager inventory and buy smarter.
Shop smarter with these 3 tips to get the most out of your OTB budget at Binding101.com, before it is gone.
• Buy Clearance Products - Buying products when they are on clearance is the perfect way to save HUGE and stock up at the same time, so you don't have to buy again too soon, which also saves labor costs for your buyers. Clearance products could be discontinued sizes, colors, or machines, as well as bulk-quantity boxes of supplies, or possible lightly-used trade show machines (used equipment will always be noted). You can actually save even more than 80% off retail pricing by shopping closeout sale deals. Clearance items are only available while supplies last, so it is important to get them while they are still available.
• Sign-Up for Coupons - Know what is on sale and when; after all, knowledge is power! You can sign-up for our emailed coupons right here, as well as check our continuous monthly sales here. Set your preferences on emailed coupon frequency to either weekly or monthly, depending on your needs.
• Buy More to Save More - We can almost always offer big discounts when you buy bulk, so if you have the space and budget to do so, be sure to call us for a bulk pricing request before you buy. Depending on the product you are looking to buy, we can typically begin offering supply discounts at 10 boxes or more, or equipment discounts at 2 or more machines.
About the Author • Mallory Morsa is the product expert and content specialist at Binding101, and has been a valued team member since 2008. She started her career here in customer service, moved onto sales supervisor, product management, and then onto content. She takes a hands-on approach to products, and truly gets to know how every item works before she writes about them, with a goal to give you all of the honest information you need to make a confident buying decision. She has a bachelor's degree with a focus on management and marketing, and has been a writer, photographer, and videographer for many years. In her free time, she loves to read by the pool, volunteer at the local animal shelter in the kitten nursery, and snuggle her three furbabies while she binge watches Netflix.
Leave a comment