Managing your inventory to actually make a profit with Ciara Stockland

11/08/23 • 23 min

The Product Biz Podcast by Monica Little Coaching

Inventory (the raw materials we have and the finished final products that we sell) is most likely the biggest expense for almost every single physical product based business out there. And one of the most important factors on if we actually make money or not in our business is solely dependent on how much we charge for our inventory! With so much importance being on our inventory, it's a topic that isn't talked about enough, which is why we have special guest Ciara Stockland on the podcast today.
Ciara help businesses use their inventory to create more profit and keep more cash. Ciara has owned and operated businesses since her early teens. As a serial entrepreneur, her business mindset and tenacity led her to opening her first store in 2006 which she then franchised. Her vast experience in both retail and wholesale industries led her to launch the first to market wholesale subscription box for boutique retailers, which she built and sold within 18 months. Most recently Ciara has launched the Inventory Genius, a coaching program for inventory based business
By the time you finish listening, you'll learn:

Why the number of SKUs you offer can make or break your business
The importance of knowing your numbers so you are actually making a profit in your business
How to increase the price of your products to align with the amount of money you want to make in your business

LINKS MENTIONED IN TODAY'S EPISODE
Follow Ciara on Instagram @ciarastockeland @inventorygenius
Listen to the Inventory Genius book for free: https://www.ciarastockeland.com/free-audio-book
LEARN MORE FROM MONICA LITTLE
Website: www.monicalittlecoaching.com
Instagram: @monicalittlecoaching
Watch the FREE Etsy training to get started today: How to Get Your Products Seen on Etsy!

Why the number of SKUs you offer can make or break your business
The importance of knowing your numbers so you are actually making a profit in your business
How to increase the price of your products to align with the amount of money you want to make in your business

Previous Episode

Getting into online and in-person art galleries to grow your art business with Hayley Price

If you're an artist, then galleries are something that has probably crossed your mind a time or two. Getting your artwork featured in in-person galleries for more exposure may be something you are currently working on... but did you know that online art galleries are an incredible way to grow your art business, too? Today's special guest Hayley Price shares with us her own art career, details about the online art gallery she owns (The Scouted Studio), how she showcases emerging artists on her platform, and how you can get into more in-person or online galleries to grow your art business starting today.
Hayley Price is an an artist, owner of the online art gallery The Scouted Studio and Coach and Owner of The Art Coaching Club. With experience, starting and running her own art business, growing an online and physical art gallery and coaching artists internationally how to better run their art business, Hayley has learned the art business inside and out. Her passion is giving artists the tools they need to reach their version of success as creative entrepreneurs.
By the time you finish listening, you'll learn:

How art galleries have changed in the last 5 years and how to leverage online and in-person art galleries to grow your art business
What The Scouted Studio online art gallery is and how you can become part of it
How Hayley helps artists grow their art business and the resources available to you

LINKS MENTIONED IN TODAY'S EPISODE
Follow Hayley on Instagram @theartcoachingclub @thescoutedstudio
Learn more from Hayley at https://www.theartcoachingclub.com/
Check out Hayley's online art gallery at www.thescoutedstudio.com
LEARN MORE FROM MONICA LITTLE
Website: www.monicalittlecoaching.com
Instagram: @monicalittlecoaching
Watch the FREE Etsy training to get started today: How to Get Your Products Seen on Etsy!

Next Episode

How to make your overall content strategy for your biz easier on you with Ruthie Sterrett

Most of us know that the saying "if you build it, they will come" isn't true - and most of us, as small business owners, have flat out experienced that when we come out with an incredible product that we are so excited to share about... and then we hear crickets. The TRUE saying is "if you build it AND market it effectively they will come" and today's special guest Ruthie Sterrett is sharing with you how to attract, nurture, and connect with your audience for more sales.
Ruthie Sterrett is a marketing strategist and founder of The Consistency Corner, a marketing and content agency for small business owners. She helps businesses create consistent content that drives revenue through quarterly planning, simple marketing best practices, positive reinforcement, and accountability. She has found most small business owners are wearing so many hats that marketing often is inconsistent while they juggle all the things, so she created the Consistency Corner to help you create simple content frameworks which build trust and lead to sales every month.
By the time you finish listening, you'll learn:

The 3 main components of marketing - attract, nurture, convert - and how to implement these components into your business today
What the saying "know, like and trust" really means
How you can get ahead of the holiday season by content planning with specific holiday campaigns and how to make the holiday season easier on you

LINKS MENTIONED IN TODAY'S EPISODE
Learn more from Ruthie at www.theconsistencycorner.com
Follow Ruthie on Instagram @theconsistencycorner
Download the Ruthie's free holiday content planner at www.theconsistencycorner.com/holidaycontentplanner
LEARN MORE FROM MONICA LITTLE
Website: www.monicalittlecoaching.com
Instagram: @monicalittlecoaching
Watch the FREE Etsy training to get started today: How to Get Your Products Seen on Etsy!