1. Promotions & Clearance Anything will sell at the right price. Sales can range from a variety of price reduction techniques: clearance, flash sales, seasonal or any other background reason. The key with promotions is to ensure that the right price is set to maintain some level of profit. This can be done through customer research to discover the optimum pricing strategy and marketing mix that will appeal to customers.
2. Bundles Bundling a lower selling item with a higher selling one at a small additional cost can be an effective strategy for driving sales on both lines. With the underperformance of No Mans Sky in 2016 Sony, and retailers, were left with large amounts of slow moving stock. By bundling this with PS4 consoles, they were able to drive sales and reduce the overstock on NMS.
3. Resellers Getting rid of all stock of a single item can be achieved through bulk sales to a reseller. DVD suppliers do this well in situations where a film has become dated and no longer sells at a reasonable price. They’ll sell off the rights and all existing stock to a smaller reseller who can then manage the lower margin product through discount and variety retailers. Reducing Slow Moving Inventory