09/27/2026
📚 BUSINESS EXPERIENCE: KNOWING WHEN TO RESTOCK
As a business owner, experience can make a big difference in how you run your business. Sometimes, knowing what to stock and when to stock it can help you reduce unnecessary competition and increase your sales opportunities.
These books in my hands are a combination of 20-leave, 40-leave, 60-leave exercise books and long notebooks.
I asked myself: “When is the right time to restock writing materials?”
So, during the holiday period, I decided to restock about 40 dozen.
As schools got closer to resuming, customers started buying—both wholesale and retail. At the time, I sold:
📖 20-leave — ₦1,500 per dozen
📖 40-leave — ₦2,700–₦2,800 per dozen
📖 60-leave — ₦3,500 per dozen
Since I had stocked them early, I was able to serve customers while many other business owners were mainly restocking regular provisions like rice, beans and other food items.
This is one lesson business has taught me: sometimes, timing and planning can help you create opportunities with less direct competition.
Interestingly, these are the ones I have left now, and demand has become slower.
So, I’m watching the sales carefully. The rate at which they finish will help me decide whether to restock again or move my capital into other fast-moving items.
At the end of the day, I was able to sell a good quantity during the peak period and make profit from the decision. 💼📈
What business lesson has experience taught you about knowing what to stock and when to stock it?
