How To Guides. Pro Tips Program. At first it seemed a little backwards, but the more I got involved in this industry, the truer this statement. At Liquidation. However, I implore you to do your homework. The pricing on the manifest may not be the same pricing in your area. This makes a HUGE difference in your profit margins and how much you are truly paying for the load. So, this load may be a dream load in California, but a nightmare in North Carolina. Sample the pricing on the manifest before buying, make sure that your margins are still intact if the pricing on the manifest is skewed due to locale. I have been buying truckloads of merchandise sincewith my first experience being 53 pallets of store returns from a major home improvement retailer which included items such as hammers, tile saws, tape measures, staple guns. It seemed ideal, I mean, what can go wrong with a hammer? Well, lots of things. Keep in mind, store returns are returns for a reason.
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A lot of people don’t even believe us when we tell them that, yes, you can source Amazon inventory at liquidation stores. So you should see the look on their faces when we tell them that we regularly leave a single liquidation store with thousands of dollars in profit! In fact, we basically built our Retail Arbitrage business by sourcing inventory from liquidation stores. Over the years, we have made some contacts in the liquidation industry. Every once in awhile those connections will pay off big time. Today I want to present one of our own liquidation sourcing trips as a case study. On our usual shopping day, a Monday, Cliff and I were planning a trip to one of our regular liquidation stores. We had recently had good sales on a test-buy of some sunscreen multi-packs and we wanted to buy more inventory. After we have a successful test-buy, we are usually ready to go deep on an item. We decided to call the store to ask about the sunscreen before taking the trip. And he let us know that he had plenty of the sunscreen in stock too. These were the items that they didn’t want to put into the salvage store because they wouldn’t get the most money for them. They were testing these items out on eBay instead of selling them in-store. This is why we always tell new sellers to not worry about being gated in hot toys or big brands like Nike. So we thanked them for showing us the fancy stuff and went back to dig for some treasures in the warehouse!
Shopping for FBA Inventory at Liquidation Stores
The rise of the internet has resulted in untold wealth for those bold enough to step up, and smart enough to do what few others are willing to do. One example of this is Jeff Bezos. He had one of the greatest influences on the growth of e-commerce as the founder of Amazon. More than just a bookseller, Amazon has become the largest online retailer and a model for Internet sales, also enabling small independent sellers to reach large audiences. Making a profit and successfully keeping your eCommerce business running year after year takes dedication and hard work. However, it helps if you can learn from those that have gone ahead and learned the lessons from the school of hard knocks.
The Details of our Liquidation Flip
If you value the ability to set your own schedule and work on your own time, then you might find that starting a business is the best way for you to make a living doing work that you care about. A liquidation business works by buying liquidation and returns pallets and then selling the products on those pallets for less than was paid to acquire them. Making money in liquidation is possible because of the nature of liquidation and of the big companies that dominate retail in both the brick-and-mortar and online shopping spaces. Liquidation is when a company sells off its assets in order to pay off creditors. The company needs money now, so it will sell off its assets quickly to the highest bidder. In the case of retail, this often means big deals: a sort of wholesale version of a going-out-of-business sale. Next, we need to talk about big companies. Behemoths like Amazon are not like little mom-and-pop businesses. Amazon has more than million active customers. It sells hundreds of millions of products. The scale of a business like Amazon has consequences for the ways in which it does business. Amazon gets to take advantage of what are called economies of scale —ways of saving money due to size.
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Decades ago, buying and selling antiques mmaking solely the tradecraft of serious antique dealers, high-end auction houses, and heavy rollers—now, anyone can do it.
It can be a ,oney for «pickers» or diligent perusers of yard sales, flea markets, and online auctions, or it can be turned into a business. In recent years, its popularity has taken off with the explosion of online auction sites and TV shows centered makung the topic.
If you are just starting out, then antique buying and selling can makinng daunting. However, great bargains can be found if you learn some tricks on how to find. Take a look at some tips that savvy collectors use for deciding on whether to buy an item and how to sell it.
Looking for bargain buys online is a fun way to snag items for resale. In order to turn a profit, you have to be diligent about researching the item, examining the auction post, and asking the seller questions before you buy. Take the time to closely examine the photos. Fakes often look too new or show absolutely no wear or aging.
Also, if the seller has many duplicates of an item, this can be a red flag indicating a mass-produced knock off. Request more information from the seller if they have left anything. Delve deeper if a seller lists an item in excellent condition. In that case, directly loquidation the seller if the item has any notable condition issues. Look into the seller and verify that there is a return policy.
If they misrepresent an item or overlook a flaw, chances are good that eBay will make the seller take the item back regardless of their policy. If the seller specifies no returns, and you’re a bit uneasy about an item’s condition or authenticity, then send them a note specifying mobey if the item is a reproduction, it will be returned and a refund is expected.
Check the seller’s reputation by looking at their feedback. If an item has a signature or manufacturing marks on it, make sure you understand what those marks mean. It can guide you to liquidayion a date on an object or even help you spot a fake.
A useful guide for deciphering marks on pottery and stoneware is «Kovel’s New Dictionary of Marks for Pottery and Porcelain. If you plan to use eBay to sell your itemslook online for similar items before listing your item.
Compare how ,iquidation item is priced and its condition. See how the other sellers word their listings. This gives you a good idea of how to develop your own listing. Make sure you write a title with maling keywords that buyers would use to search for your item. Filling the title moneg listing with those keywords helps it get noticed. Provide great photos that help buyers make astute decisions think of your own experiences and moneyy you liquidationn. If you have an idea of the value of your antiques or have a price in mind that is the lowest you will go, you can set a reserve or a starting bid this is an extra expense on eBay.
If the bidding does not reach the seller’s reserve price at the end of the auction, it is at the discretion of the seller to sell to the top bidder or not. It is a rookie mistake to liquidatuon an auction early.
Remember that the market sets the price for an item and many bidders will wait until the last minute to put in their bids, driving up the price. You can go the traditional route and try to sell your items to an antique dealer. If you choose this option, it is highly unlikely that you would get the asking price that you would request on an auction listing.
However, with some negotiation, you can usually get at least 25 to 50 percent of your asking price. Selling online with eBay does require some work on your part including the time and cost of packing and shipping antiques. This serves as a deterrent for some and has paved the way for other online resources that allow you to swap, sell, or buy locally.
Take buyijg look at Facebook selling ,oney, the Letgo buying and selling app, and Craig’s List as ways to maling potential buyers liquidahion your immediate area and do exchanges face-to-face. Using these resources, you can bypass shipping costs and see an item before making the purchase.
Part of the real joy of scouring a flea market, garage sale, or antique show for a great find is that you never know what treasures await you. Flea market vendors expect it and dealers at antique liqujdation should not be offended by a reasonable offer. They might say no or counter offer, but that back and forth is majing part of the fun of negotiation. A garage or tag sale is a good place to make an offer; those sellers want to liquidate their stuff. Do not hesitate to ask for a discount or bundle items together for a few dollars off.
One of the best bargain-finder tips for all venues—flea markets, garage sales, estate sales, and antique shows—is to shop early and shop late.
At the very start of a sale, you usually have the opportunity to spot bargain items. Moneg the last hour of a sale, some sellers may be itching to get rid of stuff and might be likely to let items go at a discount price. Estate sales offer great opportunities for discounted wares. While those sellers may not accept your offer on day one, by the second day or the end of the sale, they are usually more eager to make the sale.
Often professional estate liquidation companies will offer bargains toward the end of the sale, so circle back if prices were initially beyond your budget. While on the hunt in flea markets and garage sales, keep an eye out for those small antiques that go for big moneycalled «smalls» in the business. It’s not uncommon to find a piece of jewelry treasure in a seller’s «trash» box, and you might be surprised how much you can make from buyng common items like fishing lures.
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Buying Amazon Returns from freemakemoneyideas.blogspot.com to Sell on Ebay, Pallet #1
A Time When Fortunes Are Made
Liquidation is a category of merchandise that can be very profitable to the reseller. It can be very challenging for the inexperienced, so here are a few tips to help you get started. Location is KEY. You, as the buyer, are paying the freight charges to have the inventory delivered to you even if the seller ,aking you they are paying for shipping. The closer you are to the origination location, the less you will have to pay to transport the goods. Shipping pallets or truckloads of liquidation merchandise buyibg not cheap. Determine if the liquidator is also selling through retail channels. If they are also selling on eBay, Amazon. They are getting the merchandise cheaper than you and can beat you on price. Every time. Your reputation in dealing with liquidators will precede you, so manage your reputation with care. In the liquidation business, you need the suppliers more than they need you. Read the Fine Print. They are not for your benefit in most cases. Know what you are signing. Remember this, and conduct your business with this in mind, and you will make fewer buying mistakes. Potential Profit and Potential Loss are two sides of the same coin. Not every liquidation load from a good supplier will be great.
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