Online stores are popular, convenient, and easy to use for both customers and business owners. Yet, one part of this business never changes: proper inventory management.
With eCommerce being the norm, businesses are realizing the potential of the “no inventory store” model. With this model, sellers avoid carrying inventory, while providing customers with an incredibly convenient way to shop.
What Is a “No Inventory” Store
The “no inventory” store is one of the newest models of selling in the eCommerce realm.
The main differentiator of this model is that resellers don’t have to keep any inventory; the vendor (who handles the inventory and shipping) makes their products virtually available for them.
This model is particularly advantageous for resellers and affiliates, who benefit from a low-risk sales experience, reducing their own overhead expenses while growing their business.
Here’s how the “no inventory” model of selling works:
1. Vendors make their products available virtually for resellers and affiliates
2. Products are mirrored in multiple affiliate and reseller stores
3. Resellers sell products from their personalized online stores — without having to keep products on-premise
4. The vendor ships products directly to the customer, using the dropshipping model
5. After products are sold, the vendor handles the order fulfillment
6. For every sale made, resellers and affiliates get commission
Without having to manage stock, or risk running out of stock, resellers can sell online and attract new customers while giving brands more exposure. In this day and age, reselling online is the secret to success.
In addition, selling online saves time and energy, allowing businesses to focus on other important areas of growth. The whole idea behind this method is to automate the trading process so you can maximize the time you spend growing your business.
Why No Inventory Stores Can Be a Good Idea for You
By using the no inventory model, businesses can take advantage of the unique benefits of this innovative way of selling. The no inventory store covers all the bases to help businesses be efficient, save money, and keep pace with demand.
The benefits of no inventory stores are:
Selling More: By making products virtually available for their resellers, vendors can increase sales. They add their products to their resellers’ digital shelves and handle all after-sale service and order fulfillment. With this model, vendors are able to sell anytime, anywhere. They can also collect sales data and get detailed information about how their products are selling.
Scaling Through Resellers: With every sale made by their resellers, vendors earn income. By making products available to resellers, vendors can sell their products anywhere, while also giving their business exposure and visibility.
Saving Time, Money, and Effort: Working with resellers and affiliates that already have a solid base of customers will save vendors a lot of time, money, and effort. Once a sale is made from resellers or affiliates, vendors ship products to the end customer. In this order fulfillment process, both the vendor and the resellers are focused on what they do best – selling their products.
Benefits of No Inventory Stores for Resellers and Affiliates
The no inventory model has little to no financial risk for resellers and affiliates. With this model of selling, vendors take care of the fulfillment aspect of selling products through their resellers’ stores. Affiliates and resellers need to focus only on sales and customer service (see example below).
The benefits of no inventory stores for resellers and affiliates are:
No Inventory Management: This means there’s no need to worry about shipping or storage costs no matter how much resellers and affiliates sell. Without the worries of physical stock, their eCommerce store can run leaner, allowing resellers to focus more on what made them successful in the first place: their customers.
No Investment: With the no inventory sales model, resellers and affiliates don’t have to pay for the products they sell. Once the vendor makes products virtually available for them, they only need to focus on selling products and get commission based on their sales.
No Order Fulfillment: The vendor holds the responsibility of order fulfillment, so they, as a reseller or affiliate, don’t need to deal with it.
No Inventory and the Future
Retailers are changing the game by abandoning human-intensive inventory management for automated inventory services that help them to get more done with less.
With all of these constant changes in technology, retailers are constantly working on inventory management and staying ahead of the game to keep their customers happy. The no inventory model of selling will be that edge that will shift the new retail landscape.
If you’re looking to turn heads and generate more revenue, then look no further than no inventory method — a retail method that’s taken the eCommerce world by storm. The advantages are easily seen by brands and resellers that choose this method over traditional ones: no product storage, no risk of damage or loss, and no worry about returns or refunds.
With thousands of businesses already trusting UCX, this platform is the future of no-inventory selling. We help brands empower their sales, revenue streams, and achieve their business goals through this model of selling.
Generate income and exposure with UCX! Talk to our team to learn how.