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Boost Profits by Eliminating Products

Many product-oriented businesses have grown by introducing new offerings. Over time their product lines grow long. Some items sell a lot while sales of others dwindle but the product is still available for purchase. It may sound counter-intuitive, but trimming your product line you can increase your profitability.


  • You have cash tied up in inventory can be used for something else in the business that is more profitable or urgent

  • The product gets too close to its shelf life and either cannot be sold or must be sold at a significant discount