10 strategies to sell excess inventory

They say you can’t have too much of a good thing. But when you have excess inventory that you can’t seem to sell, you’ll probably beg to differ.

One of the most important (and challenging) duties of small business ownership is effectively managing inventory. Managing inventory is a delicate balancing act. You want enough inventory to fulfill all of your orders but not so much that you can’t sell it all.

The costs of carrying excess inventory can be huge, potentially costing businesses millions each year.

 

On the other hand, data science-based inventory forecasting techniques may save 10-20% on inventory costs every year, even if you operate on a purely make-to-order model.

Properly managing inventory is one key to small business success, evidenced by the fact that companies with low inventory and high turnover outperform those with high inventory and low turnover.

When you’re stuck with a sudden … Read the rest

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Government to integrate online job portals with Unnati to bring employers and job seekers under one umbrella

Centre plans to create a mega portal with NITI Aayog’s ‘Unnati’ that will cater exclusively to the needs of the blue and grey collar workers in the country following a diktat from PM Modi to help workers get jobs in their state.

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SEC reportedly investigating Kodak’s government loan and stock spike following Trump deal

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The Securities and Exchange Commission is reportedly investigating the circumstances around Kodak’s announcement last week of a $765 million government loan to manufacture pharmaceutical ingredients—a deal that sent the legacy camera firm’s soaring.

While the agency’s probe is at an early stage, the Wall Street Journal reports that the SEC is looking into Kodak’s disclosure of the loan, which began to leak on Monday, July 27—one day before the official announcement that prompted a massive spike in the company’s theretofore struggling stock price.

But Kodak’s trading volumes and share price were already on the rise before the announcement was made, a dynamic seemingly tied to leaks disseminated by local news outlets in the company’s hometown of Rochester, N.Y. The SEC is said to be scrutinizing Kodak’s handling … Read the rest

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5 tips to build better teacher websites

Tech is becoming a big part of our daily lives. The education space is no different, and teacher websites are becoming popular bridges for communicating with students, whether you see them in a brick-and-mortar classroom or a virtual one.

Whether it’s online classes, laptops in the classroom or multimedia-based lessons, the ways we teach and learn are continuously evolving. This is a lesson that the COVID-19 pandemic has certainly made clear to educators nationwide.

A website is your learning hub as a modern-day educator.

 

Luckily, several tools can greatly improve or help you build your website, without having to learn any new technical skills.

Whether you’re a full-time teacher looking for a better way to deliver course materials or a part-time tutor who’s trying to build up your side hustle, this article can help.

Below you’ll learn why every modern educator today needs a website, along with five tips … Read the rest

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‘The Rock’ buys part of bankrupt XFL pro football league

Dwayne “The Rock” Johnson will buy the assets of the bankrupt professional football league XFL as part of a group bid with his business partner Dany Garcia and Gerry Cardinale’s RedBird Capital Partners.

The group is paying $15 million for substantially all of the assets of Alpha Entertainment LLC, the parent company of the XFL, according to a statement Monday.

Johnson and Garcia were looking at buying the XFL at the same time as Cardinale, with the two groups then deciding to join together to complete the purchase, Garcia said in an interview Monday morning. Garcia and Johnson were previously married.

“We were simultaneously all examining the property deeply,” said Garcia, who was a big fan of the XFL in its 2020 season and called Johnson when she saw the opportunity to buy it. “We were two groups who could see the magic of this league.”

Cardinale is a former … Read the rest

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Webinar Series: eCommerce done right

With businesses all over the world rushing to start selling online, eCommerce is more important than ever. In our recent GoDaddy Pro webinar series, WooCommerce 101, we partnered with Gareth Allison and Jonathan Wold from WooCommerce to give a basic introduction to setting up eCommerce websites. Now we’re following up with more tips to help you continue to streamline your web design and development business and create successful online stores for your clients.

In our Bricks to Clicks series, we’re going to talk about the different hosting solutions for websites you build as well as some considerations for WooCommerce stores.

Bricks to Clicks – Webinar Series Schedule

8/6/2020How to choose the right hosting plan for your business

8/13/202010 key opportunities for WooCommerce stores: Part 1

8/20/202010 key opportunities for WooCommerce stores: Par2

How to stay in touch

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Indian basmati rice and tea exporters to Iran facing uncertainty

Indian basmati rice exporters said they are not entering into new contract with Iranian importers so as to avoid any payment-related problems. Meanwhile, tea traders said export to Iran may stop within a month if the payment issue is not resolved. This would impact the trade in orthodox teas as Iran is India’s biggest buyer in this category.

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