What is End of Life Inventory ?
Why is End of Life Inventory important for sellers ?
How does End of Life Inventory work in practice ?
Pro tip for End of Life Inventory
To effectively manage end of Life Inventory, Amazon sellers should implement a clear discount strategy to stimulate sales and reduce excess stock.Start by analyzing your inventory data to identify products that are underperforming or nearing obsolescence. Once identified, create limited-time promotions or bundle offers that provide value to customers while encouraging them to purchase these items. Utilize Amazon’s Promotions Manager to set up these deals and ensure they are prominently displayed on your listings. Additionally, consider using targeted PPC advertising to increase visibility for these products, helping to drive traffic and sales before they become completely outdated. This proactive approach not only helps clear out inventory but also protects your account health by maintaining a healthy turnover rate.