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Build an Inventory

Take a look at how to start or refine your products' inventory depending on where you are in your wholesale journey

Katherine Pion avatar
Written by Katherine Pion
Updated over a week ago

Inventory Tips & Tricks

At Le Galeriste, we understand that building and managing inventory is an art form that comes with its own set of challenges.

We're here to support you through these struggles and provide some helpful tips based on different inventory scenarios.

Currently No Inventory:

If you are starting fresh or have a limited budget, focus on buying small quantities of versatile, one-size products that suit your planned events and target clientele.

Consider offering clothing through your storefront exclusively to minimize overhead costs and get a sense of what your clients are buying/looking. Or, buy a few pieces for yourself and market those!

Small-Medium Inventory That Moves Quickly (1-100 items):

Congratulations on your successful sales! Reorder your best-selling items promptly and introduce a few new pieces to gauge interest.

Engage with your customers for feedback on what they would like to see next. This feedback loop can guide your purchasing decisions effectively. It also has excellent social media appeal!

Small-Medium Inventory That Isn't Selling (1-100 items):

Inject novelty into your collection to spark customer interest. Experiment with new designs, materials, or product types that resonate better with your audience.

Sometimes, refreshing your inventory can breathe new life into older items, making them appealing again! Our solid-black clothing range provides affordable options for displaying silhouette possibilities and diverse sizing while creating easy-to-buy new outfits (and more profits for you).

You could also consider marketing your storefront and using the margins to buy new inventory!

Large Inventory Challenges (100+ items):

Managing a substantial inventory can be overwhelming. Think strategically like a boutique owner - you earned that title! Invest in showstopper pieces that draw attention to your collection. These will bring in new customers who might not be as flamboyant as the piece that excited them but might buy a smaller or discounted product.

Emphasize discounting older items to encourage sales and maintain cash flow. Think seasonally, like most retail stores. Consider selling two items to buy one new piece to gradually reduce excess inventory if needed.

The key here is always to have something new to show, regardless of the size or price.

Remember, inventory management is about finding the right balance between supply and demand while preserving your financial health.

The key takeaway is that whether you're managing a small or large inventory, never wait until everything is sold out before replenishing.

Keep the momentum going by continuously adding new items to diversify and maintain your customers' interest—and your own!

Enjoy the process of curating your wearable art while keeping your inventory fresh and exciting.

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