OK, you can put your hand down now. It’s easier to read this information without holding your hand up. So, yes, we all love to buy. When I had my first store, I could hardly wait for the next trade show. All the manufacturers would be showing their new products and the creativity was amazing. I always wanted to be sure I had the best of the new in my store as soon as it began shipping.
And I did. My credit was A+ and so everyone was anxious to take my orders and ship the merchandise. And I was a very big buyer. It was mostly hard to contain my enthusiasm. So, I just kept buying until I felt I had the best of the best. The problem was not the selection, the problem was that I always bought too much. If you’ve been reading my posts, you might be thinking “how could you, Mr. OTB, buy too much?” Well, in the beginning, I was totally in the dark about planning, but since my store was growing in leaps and bounds, it didn’t seem to matter. But it did.
Once I realized I needed a plan and that plan needed to be based not only on sales, but also on turnover, I stopped buying and started working on my plan. I didn’t buy anything for a full year, and I didn’t miss a sale – that’s how much I was overstocked. But back then, the merchandise wasn’t changing as fast and I was able to work down my inventory so that my turnover went from a 2x to an 8x. You cannot afford not to buy for a long period of time today because of fashion changes and seasons and all of the competition you face. So, you must have a buying plan tied to sales and turnover and you must have it NOW!
Where it took me a year, you can be set up with the best open to buy plan available in a couple of hours. Now you can face the trade shows knowing how much to buy. You can find the best available merchandise and buy the right quantities to meet your plan and no more. Your looks will be new, fresh, and turn over rapidly and your cash flow will grow. Waiting will only cost you time and money. Subscribing to myotbplan.com will enable you to have the easiest, most accurate, best supported open to buy around. It’s portable because it’s online, there’s no contract and you’re covered by our Performance Guarantee.
So, if you love to buy and you want to buy right, myotbplan.com is the solution you’ve been looking for. Why wait? Let’s talk.