Inventory

When you first start off your business, you will be handling your own inventory on a fairly small basis. You will probably just start by keeping your inventory in an extra room in your house, that is if you have one. As you get bigger, you’ll be buying or renting a warehouse or partnering with a fulfillment company. Make sure that your products are safe in the temperature environment they’re stored in.

You can also work with a fulfillment company to manage your inventory. When you first begin business, a fulfillment house won’t be necessary, but as your business grows, you may want to consider partnering with one.

Always check the location of your fulfillment company. They will take care of storing your inventory, filling orders and sending them out - they can enable the process of selling and delivering your products to be completely hands free for you.

As your business expands, you may find yourself with an increasing amount of inventory. You won’t want to keep it in your home so you’ll need to make a decision on whether to continue handling orders from a warehouse yourself or outsourcing it to a fulfillment company.

If your business really takes off and sales start to increase, measure the amount of time you’re spending manually filling orders yourself against the cost of setting up your own production line or partnering with a fulfillment company.