Managing Your E-commerce Inventory W/ Chelsea Cohen

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For many eCommerce entrepreneurs, one of the biggest stumbling blocks is inventory forecasting. Today, I speak to Chelsea Cohen of SoStocked about getting ahead on your inventory, and how her inventory management software can help you avoid issues in your product stock levels.

Recently, a past client mentioned that his biggest issue for getting his business off the ground was inventory forecasting. He’s not alone. While it might be easy to think that the biggest problem eCommerce entrepreneurs face is traffic and sales, it can also often be managing product stock levels — not having too much or too little, but just enough inventory to serve the demand from customers.

Chelsea developed SoStocked, an inventory management software, after facing challenges as an Amazon seller, herself. She wanted to improve her company’s inventory forecasting and management, so she can have better control of her business.

I invite you to watch the whole interview to see how you can manage your product stocks through inventory forecasting, with the aid of an inventory management software for eCommerce entrepreneurs.


CHAPTERS:
00:00 – Why inventory forecasting is a huge deal
01:15 – Why Chelsea developed SoStocked
03:47 – How does SoStocked work?
06:40 – The science behind your inventory
11:42 – Forward-looking inventory management
16:00 – "Inventory-minded" marketing & best practices
19:30 – Parameter changes & sales on Amazon
27:51 – Operating on an FMB or FBA model
30:30 – Some Cash flow tricks


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ABOUT ME:
I’m Khierstyn Ross.

I’m a Crowdfunding and E-commerce Expert. I help product creators launch and scale THRIVING businesses WITHOUT sacrificing their family, friends or their sanity.

AKA - If you’re an online business owner looking to scale or someone looking to launch their first product, you’re in the right place.

I specialize in combining product launch tactics with sustainable, long-term strategies to build profitable online businesses that actually create an impact.

In 2015, we launched our first product and it was a HUGE Failure. We came back and relaunched it to sell $598K in 1 month.

Fast track to today, I’ve applied what we learned to refine a product launch strategy where our average launch is well over 6-figures, and a 93% success rate.

We’ve created multiple 7-figure brands off of the back of successful product launches.

Our clients have been featured in the New York Times, Inc, Forbes, Shark Tank and Dragons Den.

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