Welcome back to How to build up your stockpile… If you’re just now joining us, be sure to check out Part 1: Organization
Now that you’ve completed Part 1 and have your inventory and are organized lets move on to Part 2. Calculating your stockpile need.
The purpose of stockpiling is to buy items when you don’t need it, this way you don’t ever have to pay full price for the item when you do need it. Did you hear me correctly? Buying stuff when you don’t need it, is the key!!
That is why I asked you to take inventory on your items. If you have a dozen shampoos in your pantry but only one tube of toothpaste, you’ll want to stream your focus on getting more toothpaste. Not only will this help you control your costs, it’ll help you from buying stuff that you don’t need.
Now what I want you to do is to make a list of everything your family uses…
Example: Toiletries: Toothpaste, Shampoo, Razors, Shaving cream, etc..
Groceries: Pasta Sauce, Pasta Noodles, Cereal, Soups, Ground Beef, etc..
Imagine you ran a restaurant and created the menu of all the items you could serve your customers. Would you wait to run out to the store to buy all of the ingredients after they ordered? Of course not! This is how you want to look at what you are stockpiling. You don’t ever want to have to run out to grab something that you’ll need, let alone pay full price.
Most sales cycles run about every 3 months, In this next example we are going to ensure we have enough to last us until the next sale.
Let’s say our need is toothbrushes, now calculate how often your family changes their toothbrushes. You can guess on this. For example.. If your family changes their toothbrushes every month and you have a family of 4, you’ll need 12 toothbrushes to get through to the next sale.
4 toothbrushes x 3 months = 12 toothbrushes
Now that we know how many toothbrushes we need, we need to wait for the perfect sale to stock-up on this. Join me tomorrow for Part 3 – Stockup Sale