Posts Tagged liquidation
Finding Liquidation Wholesale Suppliers Who Offer Drop Ship Services
Posted by johnb in Bulk Drop Shipping, Drop Shipping, Liquidations, Wholesale, Wholesale Sources on November 17th, 2009
You can make a lot of profits if you use liquidation wholesale dropship. However, to succeed using this process, you need to completely understand how to find liquidation products and how to sell them to your customers.
The following techniques will get you on the right track when using liquidation wholesale dropship:
1. Get a reliable wholesale source.
If you search, you can find a lot of companies that offer liquidations for sale. Unfortunately, many of these are not trustworthy. With this in mind, it is important to do a background check on any company you are planning on using. This will allow you to be sure they are genuine. Usually, if a person or company is dissatisfied with the service they received from a business or company, they do not hesitate to post their complaint online. Due to this, if you preform a search, you should be able to quickly determine what businesses are safe to use and which ones need to be avoided. You should also try to make contact with the business through the number on their website. If you have tried several times and are still not able to make contact, the chances are good that the company is not legitimate. If the business what legitimate, there would be someone available to answer your call or to return it. Therefore, it is advisable to find a different wholesale source if you cannot make contact.
2. Know exactly what you are purchasing.
Prior to committing to a purchase from a liquidation wholesale dropship company, it is important that you know everything you could know about the product you are about to purchase. This means you have to read the entire description, including the small print, and look at any pictures that are supplied. You do not want to purchase an item thinking it is new, only to find out that it is actually refurbished or a returned item. Protect yourself.
3. Find out everything that is included in the price you have to pay.
There are many small businesses who get so excited about the low cost of liquidations dropship items, that they get trapped. There are some companies that have hidden costs for the drop shipping service. As this can cut into your profits, be sure you know exactly what you are buying and exactly what you are going to have to pay for it.
4. Do some market testing.
It is very important that you do some market testing. If you don’t test the market, you could be trying to sell products that no one has interest in. Due to the fact that liquidations are usually low in price, they tend to be easier to sell. However, it is still important for there to be a demand for the item you are advertising. Your market research could be a simple as doing a search on eBay to find out if people are buying products that are similar to what you have to sell and what price they are willing to pay for a similar product.
Do not get discouraged just because the products are moving slow.
Some products just sell slower than other products, but they will still sell. A product does not have to sell every minute in order to give you a profit. As a matter of fact, some of the slower moving products result in higher profit ratios, because of their slow, but constant, demand. In other words, do not decide to leave something out of your resell list just because it sells slowly.
Where and how to find liquidation pet supplies
Posted by johnb in Liquidations, Wholesale on November 9th, 2009
No matter how good or bad the economy is, the business of pet supplies always sells very well. People love their pets, and even during rough times, they will spend money to make sure their pets have everything they need to be happy and healthy.
Whether you have a real-world store or whether you sell via catalogues or over the Internet, this gives you the chance to source great products to sell to your customers, so your business can boom even during tough economic times. One of the surest ways to do this is to source liquidation pet supplies and then sell them for a profit. The terrific thing about liquidation pet supplies is that you can buy them at for less money than you’d spend in the traditional wholesale way, which means there will be more profit for you.
Many people ask, “What are liquidation pet supplies?”, and the fact is that liquidation pet supplies occur in numerous ways, so that the products you may be buying could be very different. Let’s take a look at some of the more common liquidation pet supplies that you may want to purchase.
Of course, one of the most traditional forms of liquidation pet supplies occurs when a pet business is liquidated. Maybe there was too much competition; maybe they were in a bad location; whatever the reason, there wasn’t enough business, so they closed up shop and all of their inventory was sold as liquidation pet supplies. Naturally, the wholesale liquidator that purchase said inventory will do so at the cheapest possible price, since they will be sold off as quickly as possible to pay off some of the business’s outstanding debt.
Another form of liquidation pet supplies is overstocks. This occurs when a big business ended up buying more of one particular item than one location could possibly sell. Especially with large department stores, it is standard business to have contracts with a wholesle supplier, who will take overstocked items off their hands and sell them on at a lower price. Since overstocked items have usually never seen the inside of a shop, they will often be shipped straight from the factory or warehouse in the box they were originally shipped in. On the other hand, closeouts are products which HAVE been displayed as merchandise and not sold. This often happens; perhaps there was insufficient demand for that product, or there were specials occurring that made selling that product hard. In the case of pet products, closeouts would also be converted into liquidation pet supplies.
You would do well to remember that liquidations pet supplies are usually of top-notch quality; since they are unused products that, for whatever reason, have just not sold. Because you will be selling these same products in a different location than the business that wasn’t able to do so, AND at a lower price, you may find that selling these liquidation pet supplies is a lot easier than you thought. And when you consider that with the Internet, you have the ability to sell your product anywhere in the world, you can see why liquidation pet supplies is a great business to be in.
How You Can Buy and Resell on eBay
Posted by johnb in Closeouts, Drop Shipping, Ebay, Liquidations, Wholesale, Wholesale Sources, eBusiness on November 9th, 2009
People have become more aware of their ability to buy and resell items on eBay, and the potential money they can make from doing so, as the online auction company has exploded. Here’s some great tips to get you on your way to making money with a business on reselling items on eBay.
The most important thing that you can have when you want to start reselling items on eBay is an established and trustworthy wholesale supplier. Dependable wholesale suppliers can give you access to tons of awesome products at great prices which will make make it even easier for you to make money. There are even functions like ‘buy it now’ and ’second chance offers’ that give you the option to make multiple buying opportunities available to your customers. You might even be able to resell to established vendors who aren’t aware that you’re using these wholesale suppliers.
Most of the top sellers that you see on eBay are actually using wholesale suppliers, because it’s so easy to do and profit from, regardless of your budget. Did you know that buying and reselling products via eBay with the help of wholesaler can actually cut the amount of work you have to do yourself? Since you will have access to a steady stream of products, you won’t have to go through the tedious process of re-listing and re-photographing every item that you decide to sell. And since you can make second chance offers, if there ends up being a lot of people who make bid son one of your products, you can make several sales and several times the profit on each item that you list - the possibilities are endless.
Be aware that regardless of how much you pay for your items, if you can’t resell them then they aren’t worth the components their made of. You need items that are sure-fire sellers, and guaranteed to make you a real profit when you resell them on eBay. Are you overwhelmed by the possibilities? I’d recommend that you avoid buying lots of random wholesale products and find a company that’s willing to drop-ship your products straight to your customers from their warehouses and storage facilities. Drop shipping is basically when a reseller sells a product, reports the sale to their wholesale supplier, and the wholesale supplier does the rest; you collect a fee, but you don’t have to make any out of pocket payments to the wholesaler. When you make your sale, your fee comes from the mark-up that you add on for your customer. The wholesale supplier will ship their items straight to your customers, which saves you time and energy, and will get your customers their products even faster. This form of buying and reselling on eBay is booming in popularity because of its ease of use and lack of up front investment. If you have little money to invest, but want to get into the retail market on eBay, this is the way to get started.
Even if you don’t know exactly what you want to sell, it’s not hard to find lots of items that come from overstock, closeout, and liquidation wholesalers; these products already been marketed and have a built in consumer base, which makes your life easier. These products are guaranteed to sell better than the average product you see on ebay, and maximize your eBay resale profits.
Liquidation Wholesale Drop Ship Services
Posted by johnb in Bulk Drop Shipping, Drop Shipping, Ebay, Liquidations, Wholesale on November 7th, 2009
Would you like to set up your own online retail business? If you do, liquidation wholesale dropship services are one way in which to make a lot of profit while cutting your overhead down dramatically, so check it out. First, you should figure out what you want to sell in order to find out what makes more money. Once you determine what you want, determine how you want to sell - do you want your own online store, do you want to sell your products through eBay, or work through catalogues and markets. The number of ways you have to sell your products is vast; do some homework to find out what method of selling will get you the most profit and sales given what kind of product you want to sell.
After that, all that’s left is to track down a wholesale supplier. There are numerous things you must keep in mind as you start your business. What kind of startup money do you have for your business? If it’s not much, a liquidation wholesale dropship supplier might be your best bet. Online retailers are becoming more and more dependent on drop shipping. Drop shipping works by keeping the inventory in the wholesale supplier’s hands until it is sold to a customer by you - once it is, only then do you buy it and give the liquidation wholesale dropship supplier a shipping address, which it then uses to send the product to the customer.
What do liquidation wholesale suppliers do? Your wholesale supplier can get items from liquidations at very low prices, which can then be passed on to you, so that you can get great products for even cheaper than wholesale prices, allowing you to keep more profit from them. You’ll find that liquidation items will give you the most profit - you can mark them up enough to make a lot of money, but still have it be less than retail price, giving you customers. Drop shipping can even help you not buy things that won’t sell for you.
Given what you now know, liquidation wholesale drop shippers seem absolutely perfect for you. You still have to watch out for cons, however. When looking for a dropship wholesale supplier, you have to be vary cautious as to who you work with. The customer won’t know how you do business, so if they get a substandard product, they won’t understand that it’s not your fault, they’ll still blame you, and business will suffer. As a result, you have to make sure that the wholesale supplier you choose will serve your best interests and is legitimate. However, upon finding the right liquidation dropship wholesale supplier, you’ll be able to have your business flourish better than you ever imagined. There’s no need for upfront cash, so you can start a business with little to no resources and still make profit - there’s no need to keep inventory, as drop shipping sends your items from one place to another. As soon as you know what wholesale products will make you the most money, get a dropship supplier you can trust and start making the money you’ve always wanted to make.
Selling New Infomercial Products
Posted by johnb in Bulk Drop Shipping, Drop Shipping, Ebay, Home Based Business, Wholesale, Wholesale Sources, eBusiness on October 27th, 2009
Have you ever seen one of the numerous infomercial advertisements for products on television? You’ll be able to identify them; they typically last slightly longer than normal advertisements, and illustrate all the advantages of these excellent products that are relatively cheap considering what they can do.
So, what would you think of making a profit with new infomercial products by sourcing them and putting them up for sale to your own customer base? It will amaze you when you realize the number of people who would like to buy new informercial products but would rather not do so over the phone; they’ll look online for this merchandise instead. So, if you can source new infomercial products and sell them to customers like this, you are benefitting from the excellent advertising campaigns created by infomercial companies for their merchandise.
It’s also important to realize that numerous buyers of infomercial products won’t buy them on a whim. It might take a few months before they find themselves needing the products advertised in the infomercial. At this point, they’ll start looking to purchase the goods, and the infomercial company often won’t have any left in stock by this time. You can understand that there is certainly a large market for selling new infomercial products - but how can you obtain them in order to pass them on to other customers?
wholesale suppliers or liquidation agents that receive stock of unsold new infomercial products from large infomercial companies at a fixed price year round are the best places to look for new infomercial products. This merchandise is much cheaper than advertised on television since the sales price typically includes the cost of advertising, and also because the company will expect to get rid of a certain amount of the items that don’t sell - they won’t be entirely sure how much demand will be.
Therefore, a wholesale liquidation source will obtain these products at a low price and then sell them on to their own customers who operate catalogue sales, market stalls or retail stores. Since these products have already been heavily marketed, they usually don’t need much marketing and advertising in order to attract customers and can essentially sell themselves.
It’s even more beneficial when you are sourcing new infomercial products at a wholesale prices to inquire if your wholesale supplier can dropship the products straight to your customers; if so, you won’t need to worry about maintaining a storage space, or to account for the time it takes to pack and ship each item that is bought. You should make sure your wholesale supplier has strong connections with infomercial product suppliers so you can get constant access to the merchandise you want to sell when you’re picking a wholesale provider. You can make a profit without having to put forth a lot of effort by purchasing new infomercial products and selling them to your customers.
Liquidation Pet Supplies - A Most Lucrative Market
Posted by johnb in Bulk Drop Shipping, Closeouts, Drop Shipping, Home Based Business, Liquidations, Warehousing, Wholesale, Wholesale Sources, eBusiness on October 23rd, 2009
Are you aware that people will continue to spend money on their pets no matter the condition of the economy? People love their animals so much that they will forgo something for themselves in order to purchase items for their pets. If your business is retail, sourcing liquidation pet supplies for resale to these committed pet owners is a legitimate business opportunity. Liquidation pet supplies are more easily obtained that you probably realize. A viable starting point is to locate a wholesale supplier that carries a full array of general merchandise. Normally, you will see a considerable amount of pet supplies among this general merchandise. Liquidations are not certain events, so liquidation pet supplies cannot be expected in stock, but everything that is considered liquidated stock will be visible and the very low prices will indicate that these goods are what you are looking for.
When sourcing these items, it should be noted that concentrating on dogs and cats is not recommended, as there are numerous people who are just as crazy about their pet birds and fish and it is simple to locate and sell supplies in these areas, too.
After you have found the wholesale liquidation pet supplies that you need, where do you go from there? First, you should determine where they will be sold. The choices could be selling online, in a retail store, through a catalog, or at a flea market; it’s simply up to you. The next decision you should make is to define your pricing strategy, whether to price high or to price low, with the resultant sales requirements to achieve your target profit. Whichever way you go is acceptable, the most important thing is that you have knowledge of your target market. That is, a higher price point will court more affluent customers, so your products must be of good quality and geared to that market. Since liquidation pet supplies will be composed of both high and low end items, the excitement of liquidations comes from not knowing what will be available at any given time. It is the same situation with overstocks and closeouts, so if you are interested in knowing exactly which products you will have for sale, you would be better served to use the standard wholesale sourcing. There are wholesalers to be found who provide a drop shipping service which will ship your sales straight to your customers. The advantage of this arrangement is that you do not need storage space, which is particularly advantageous if the liquidation pet supplies you are marketing are bulky, such as dog kennels. Usually, a fee will be charged to dropship, but you will just pass this along to your customer.
Your research into sourcing liquidation pet supplies will show that this is a lucrative market to serve since people are forever spending their money on their pets.
How to Find Overstock Items
Posted by johnb in Bulk Drop Shipping, Closeouts, Drop Shipping, Home Based Business, Liquidations, Wholesale, Wholesale Sources, eBusiness on October 19th, 2009
Many online retailers are now looking at boosting their business by purchasing overstock items and then reselling them to their customers at a tidy profit margin. Overstock items have become so popular recently because they can generally be bought in large quantities for a mere fraction of what they sold for originally and that of course adds up in dollars for you and your bottom line.
Online retailers are not only purchasing overstock items and adding them to their money making arsenal, but they are also taking advantage of closeouts and liquidation sales through wholesale distributors, drop shippers and other suppliers. Generally closeouts become available when a particular big box store or chain cannot move a certain product after they have marked it down, either because the product is no longer viable or because, like right now, the economy is in a slump. Overstocks usually are the result of stores liquidating their inventory due to bankruptcy or store consolidations, so they have to sell their items as quickly and as cheaply as possible.
Don’t get confused or worried about these terms and think that you are buying inferior goods, because you are not. For the most part, all the items that you buy through a liquidation, lot, or overstock sale happen to be first rate products, but they could not be sold in the time they were allotted in any given store.
Big box stores continuously need to shift and change their merchandise so that customers who shop regularly are always interested in buying something new, even if they don’t need it. And because of the mercurial nature of the buyer, this creates a great opportunity for you, as a reseller, in your particular market of selling overstocks.
When a big box store cannot get rid of inventory that is just floating around and taking up valuable space, they then get with a wholesale distributor or liquidator to help them get rid of their overstocks. The wholesale distributor then has the option to resell the items individually or in case lots to an independent business, that then turns around and sells it to their customers. These companies can also decide to set up drop shipping agreements with their distributors who have store fronts online. Once a customer places an order, the store front contacts the wholesale distributor and they ship the item directly to the customer. Not all wholesale distributors are alike and each will have their own dropship agreements, minimum purchase requirements or other types of requirements that you will need to know about before you can order from them.
Drop shipping is a fantastic way that you can save time and money, since you are getting the items at rock bottom prices and you don’t have to carry inventory. dropship suppliers are also attractive for many online retailers since they might offer more convenient shipping locations so the time between the transaction and when the customer receives the product is a lot shorter.
The internet is a great resource to use when you are researching companies that offer overstock items. You should decide before you contact these companies whether you are going to deal with the shipping issue and carry inventory, or if you want the supplier to dropship for you. It doesn’t matter which avenue you decide to go with, because either way you are guaranteed to make money when you start selling wholesale overstocks or liquidations.
Can You Return Stolen Items To Costco?
Posted by Wholesale News in Liquidations, Wholesale, Wholesale Sources on September 1st, 2009
Recently, I was looking through an online forum in which someone asked, “Can you return stolen items to Costco?” It seemed like a rather odd question to me at first, but when I began to contemplate the implications associated with this type of transaction, it began to seem like a more reasonable inquiry. So, the following is a more detailed explanation of what this involves.
Naturally, no crime of stealing and reselling stolen goods should ever be condoned; however, this fact aside, the answer to the question of whether or not you can return stolen goods to Costco is actually yes.
It is Costco policy to permit customers to return items to their store even if they don’t have a receipt since pleasing the customer is one of the most important parts of their business strategy. Costco will provide a full refund for a product if it is broken, damaged or unwanted; it doesn’t have to be in perfect shape, and doesn’t even have to still be in the box or have the labels on it.
A few years back, the first problem that came up as a result of this practice arose when liquidation services contracted with Costco started selling salvaged goods that had been taken back to the stores by consumers to department stores.
This practice is based on the concept that the wholesale liquidator will ask for a low price in exchange for the goods, and while the product might not be in mint condition, the person who ends up with it will be satisfied.
However, what was actually happening was that people were abusing Costco’s return policy by returning the products they had purchased in bulk for discount rates back to Costco in return for a full refund. Significant changes were made to wholesale liquidator’s contracts with Costco in order to prevent this practice since Costco lost a large amount of revenue from the abuse of their return policy.
Because stolen items could also be used to exploit Costco’s refund policy, they had to start enforcing additional regulations in their return policies. Now, if you’re taking back electronics, you have to do so within 90 days of the date when you bought them. It’s not explicitly stated in their return policy, but it does indicate that you will need to prove the purchase date by bringing along a receipt.
Customer returns that are received by wholesale liquidators also specifically indicate that they cannot be returned. The enactment of this new policy has allowed customers to continue taking advantage of Costco’s low prices and has also saved the company revenue.
Costco is making a dedicated effort to maintain a high quality shopping experience for its customers, although a few criminals will always attempt to get around the regulations in place.
Costco Store Returns Surplus and Fraud
Posted by Wholesale News in Liquidations, Wholesale, Wholesale Sources on August 28th, 2009
Costco realized that they were being regularly scammed with false returns (a problem for many businesses)and felt that they had to do something to protect themselves from the large amounts of fraud being perpetrated upon them.
You need to know the history behind the process in order to understand how the Costco returns fraud was possible. wholesale liquidation sources are often contracted by most big stores, like discount or department stores, to take shipments of returns or surplus inventory. Surplus inventory can be attributed to many different factors, ranging from geography to overpricing or lack of customer demand for the item. Surplus inventory is considered when pricing is strategized; it is an accepted part of the retail business.
When it comes to returns, however, the situation changes. Because Costco has a lenient return policy and will take returns on unwanted or damaged merchandise without a receipt, they are very open to Costco returns fraud.
Because wholesale liquidators simply sell overstocks and returns in bulk at drastically reduced prices to the public, there is no way to know if a buyer has purchased at item at the liquidators, gone back to Costco and returned it for a full Costco store credit. While Costco returns fraud costs the company millions of dollars, Costco would prefer to keep their lenient return policy as it currently stands; this unfortunately puts the company in a situation with no apparent solution.
Wholesalers and liquidation contractors actually have an obligation to Costco to remove anything and everything on the packaging of any item they receive from Costco store returns surplus to ensure that Costco returns fraud cannot happen. Label sanitation is when this obligation is fulfilled.
As the wholesale supplier is not allowed to tell you that the products you are purchasing from them are Costco store returns or surplus items, you cannot be certain as to where exactly the liquidation products you are purchasing are originally from.
Removing all of the labels and Costco-specific brand name badges creates a lot of work for the wholesale supplier, but agreeing to take the time to do this extra work is why they are able to buy the items at such low prices from Costco stores to begin with.
Sourcing your products by this process is a way that you, as a retailer, can get great discounts on products to on sell in your store. Costco items can often still be identified even after you remove all of the identifying markings, which can assure your customers that the items they are purchasing from you are of high quality and originally from a trusted store.
Some electronics and similar items from Costco store returns and surplus will arrive at the store of the contracted wholesale supplier with markings indicating that they are salvage items on the packaging. This is to ensure that Costco returns fraud is unlikely, not an indication that the quality of the item is low. Most people these days are doing all that they can to get as good a deal for their money as possible; this means that the small tag will not be considered important enough to deter them from making what they will know to be a great purchase.
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