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Funding a business
How to use flash sale to fund your business
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[QUOTE="Holicent, post: 244499, member: 76163"] If you're looking for a way to fund your business, a flash sale might be the way to go, really. A flash sale is a short-term sale that lasts for a limited amount of time and is designed to boost sales and revenue. The idea is based on the premise that if customers knw they have a limited window to get something at a reduced price, they'll be more likely to make the purchase. The first step in planning a flash sale is deciding what items you want to sell. You can choose from any type of product or service, but keep in mind that some items are more likely to sell than others for example, digital products like e-books or music downloads will have higher demand than physical products like clothing or appliances. Once you've chosen the items you want to sell, think about how much time they should be available for purchase: A good rule of thumb is that if your item has been discounted by 50% or more, it should be available for only one day; if it's discounted by less than 50%, it should stay on sale for two days; and if it hasn't been discounted at all, it should stay on sale for three days. While flash sales ar great for getting cash fast, they're not alway the best solution for funding your business. One reason why is that customers who buy during these sales may not be interested in the product enough to pay full price later on down the line. Another reason is that flash sales often rely on one-time sales; if you don't have any other ways of generating revenue besides selling through flash sales, then you'll need to find another way to replenish your inventory after every flash sale ends. [/QUOTE]
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