#AskCiara Video on Product MarkdownsApr 15, 2022
#AskCiara videos are quick answers to questions that have come up in the Boutique Owner's Collective Facebook group.
Q: How do you know when to mark product down? When should you just decide to donate leftover product?
I like to think of inventory as a way to build relationships with my customers.
Even if I have to markdown to 75% off or put some products in a $5 bin, it's completely worth it if my customers feel they're getting a win.
A sale is a win-win if it means it gets customers shopping with me.
Then, at the end of the day, it's great to donate the leftover, random pieces to a local women's shelter or charity. You can take a tax write off for the donation.