Jana Francis
๐ค SpeakerAppearances Over Time
Podcast Appearances
Absolutely.
We have a lot of it.
So I can imagine.
We do.
Yeah, we do a bit of a mixture right now where sometimes, you know, I would say about half the time and in our eight years, it's been 100 percent.
We take on the inventory.
But since August of last year, we've been testing a little bit of a different strategy where we're
And this is in an effort to drive sales because when we buy the inventory in advance, we really limit it because knowing what's gonna sell is a crystal ball that it's been eight years, it is impossible to figure out.
So we've been testing a different model where we, with some brands, and this is a good example.
So today we have the samples of all of these products so that we can test it for quantity or for quality, but we will place the purchase order with DJ California as soon as the event ends in the morning.
And get those shipped to our fulfillment center and then get them.
Right.
That's about half of my model, and the other half is this.
It is a juggling act, but we do what we can do.
It's all dependent on the margin, what we're going to get from the product.
And if it's a take-all and that kind of thing, and my cash level at the time per site, it is quite a game of Tetris every day.
So in general, we're looking at about a 40 percent margin.
In this case, $625.
$625.
Absolutely.